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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net Income $ 6,631 $ 5,370
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 471 400
Deferred income tax benefit (1,697) (539)
Net amortization of premiums and discounts 498 880
Net amortization of deferred loan costs and fees 289 276
Provision for loan losses 1,138 1,132
Losses on sale and write-downs of foreclosed real estate 177 101
Excess tax benefit from share based compensation (6) (16)
Net increase in accrued income taxes 1,632 2,295
Net increase in accrued interest receivable (623) (494)
Net increase in prepaid and other assets (149) (1,067)
Net decrease in other liabilities 660 383
Net cash provided by operating activities 9,021 8,721
Securities available-for-sale:    
Proceeds from maturities 30,899 3,250
Purchases of securities (51,069) (23,507)
Principal payments on securities 3,292 4,612
Securities held-to-maturity:    
Proceeds from maturities 6,745 12,847
Purchases of securities (36,011) (15,594)
Principal payments on securities 6,368 6,427
Net redemption of Federal Home Loan Bank Stock 963 207
Purchase of long term certificate of deposit (980) (980)
Net increase in loans receivable (51,446) (38,343)
Proceeds from sale of foreclosed real estate 684 302
Purchases of premises and equipment (181) (516)
Net cash used by investing activities (90,736) (51,295)
Cash flows from financing activities    
Net decrease in short-term FHLB advances (22,900) (3,150)
Proceeds from long-term FHLB advances 1,500 2,800
Payment of cash dividends (1,071) (1,453)
Proceeds from issuance of stock options 186 108
Excess tax benefit from share based compensation 6 16
Net increase in deposits 127,592 55,267
Net cash provided by financing activities 105,313 53,588
Net increase in cash and cash equivalents 23,598 11,014
Cash and cash equivalents at beginning of period 15,538 13,809
Cash and cash equivalents at end of period 39,136 24,823
Non-cash investing activities:    
Foreclosed loans transferred to foreclosed real estate 384 934
Cash paid during period for:    
Interest 1,880 1,700
Income taxes $ 2,057 $ 86