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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net Income $ 8,963 $ 7,189
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 629 545
Deferred income tax (benefit) expense (714) 488
Net amortization of premiums and discounts 716 1,145
Net amortization of deferred loan costs and fees 393 369
Provision for loan losses 1,673 1,556
Loss on sale of foreclosed real estate 177 136
Excess tax benefit from stock based compensation (6) (16)
Net increase in accrued income taxes 597 1,703
Net increase in accrued interest receivable (584) (316)
Net decrease (increase) in prepaid expenses and other assets 202 (819)
Net increase in other liabilities 1,535 818
Net cash provided by operating activities 13,581 12,798
Securities available-for-sale:    
Proceeds from maturities 47,939 6,672
Purchases of securities (65,364) (41,682)
Principal payments on securities 3,996 5,241
Securities held-to-maturity:    
Proceeds from maturities 13,376 30,993
Purchases of securities (58,003) (26,840)
Principal payments on securities 8,179 8,363
Net purchase of Federal Home Loan Bank Stock (258) (933)
Purchase of long term certificate of deposit (980) (980)
Net increase in loans receivable (81,718) (47,466)
Proceeds from sale of foreclosed real estate 684 844
Purchases of premises and equipment (290) (753)
Net cash used in investing activities (132,439) (66,541)
Cash flows from financing activities:    
Net increase in short-term FHLB advances 3,200 19,750
Proceeds from long-term FHLB advances 1,500 4,300
Payment of cash dividends (1,854) (1,798)
Proceeds from issuance of stock options 193 61
Excess tax benefit from stock based compensation 6 16
Net increase in deposits 116,170 33,143
Net cash provided by financing activities 119,215 55,472
Net increase (decrease) in cash and cash equivalents 357 1,729
Cash and cash equivalents at beginning of year 15,538 13,809
Cash and cash equivalents at end of year 15,895 15,538
Non-cash investing activities:    
Foreclosed loans transferred to other real estate 384 1,354
Cash paid during period for:    
Interest 2,571 2,304
Income taxes $ 2,795 $ 127