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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net Income $ 2,507 $ 2,150
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 159 158
Deferred income tax expense 801 751
Net amortization of premiums and discounts 223 174
Net amortization of deferred loan costs and fees 118 102
Provision for loan losses 543 374
Losses on sale of foreclosed real estate 47 106
Excess tax benefit from stock based compensation (41) 0
Net decrease in accrued income taxes (1,554) (764)
Net increase in accrued interest receivable (90) (159)
Net decrease in prepaid and other assets 207 209
Net decrease in other liabilities (81) (702)
Net cash provided by operating activities 2,839 2,399
Securities available-for-sale:    
Proceeds from maturities 24,481 15,735
Purchases of securities (16,443) (26,970)
Principal payments on securities 620 1,512
Securities held-to-maturity:    
Proceeds from maturities 3,253 2,788
Purchases of securities (7,648) (10,860)
Principal payments on securities 1,525 2,403
Net redemption of Federal Home Loan Bank Stock 532 662
Maturity of long term certificate of deposit 65 0
Net increase in loans receivable (26,786) (17,756)
Proceeds from sale of foreclosed real estate 39 223
Purchases of premises and equipment (41) (119)
Net cash used by investing activities (20,403) (32,382)
Cash flows from financing activities:    
Net decrease in short-term FHLB advances (11,800) (14,700)
Payment of cash dividends (369) (355)
Proceeds from issuance of stock options 75 26
Excess tax benefit from stock based compensation 41 0
Net increase in deposits 33,708 41,591
Net cash provided by financing activities 21,655 26,562
Net increase (decrease) in cash and cash equivalents 4,091 (3,421)
Cash and cash equivalents at beginning of period 15,895 15,538
Cash and cash equivalents at end of period 19,986 12,117
Non-cash investing activities:    
Foreclosed loans transferred to foreclosed real estate 0 318
Cash paid during period for:    
Interest 729 613
Income taxes $ 1,585 $ 664