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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net Income $ 8,330 $ 6,631
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 479 471
Deferred income tax expense (962) (1,697)
Net amortization of premiums and discounts 614 498
Net amortization of deferred loan costs and fees 358 289
Provision for loan losses 1,472 1,138
Losses on sale of foreclosed real estate 73 177
Excess tax benefit from share based compensation (51) (6)
Net increase in accrued income taxes 753 1,632
Net increase in accrued interest receivable (433) (623)
Net increase in prepaid and other assets (156) (149)
Net (decrease) increase in other liabilities (185) 660
Net cash provided by operating activities 10,292 9,021
Securities available-for-sale:    
Proceeds from maturities 55,945 30,899
Purchases of securities (40,243) (51,069)
Principal payments on securities 6,034 3,292
Securities held-to-maturity:    
Proceeds from maturities 7,358 6,745
Purchases of securities (24,835) (36,011)
Principal payments on securities 7,551 6,368
Net redemption of Federal Home Loan Bank Stock 1,069 963
Purchases of long term certificates of deposit 0 (980)
Maturity of long term certificate of deposit 65 0
Net increase in loans receivable (85,840) (51,446)
Proceeds from sale of foreclosed real estate 212 684
Purchases of premises and equipment (76) (181)
Net cash used by investing activities (72,760) (90,736)
Cash flows from financing activities    
Net decrease in short-term advances (25,600) (22,900)
Proceeds from long-term FHLB advances 4,850 1,500
Repayment of long-term FHLB advances (2,500) 0
Payment of cash dividends (1,112) (1,071)
Proceeds from issuance of stock options 169 186
Excess tax benefit from share based compensation 51 6
Net increase in deposits 106,302 127,592
Net cash provided by financing activities 82,160 105,313
Net increase in cash and cash equivalents 19,692 23,598
Cash and cash equivalents at beginning of period 15,895 15,538
Cash and cash equivalents at end of period 35,587 39,136
Non-cash investing activities:    
Foreclosed loans transferred to foreclosed real estate 123 384
Cash paid during period for:    
Interest 2,253 1,880
Income taxes $ 3,030 $ 2,057