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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net Income $ 11,187 $ 8,963
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 637 629
Deferred income tax benefit (259) (714)
Net amortization of premiums and discounts 825 716
Net amortization of deferred loan costs and fees 457 393
Provision for loan losses 1,911 1,673
Loss on sale of foreclosed real estate 73 177
Excess tax benefit from share based compensation (51) (6)
Net (decrease) increase in accrued income taxes (1,559) 597
Net increase in accrued interest receivable (422) (584)
Net decrease in prepaid expenses and other assets 158 202
Net increase in other liabilities 1,091 1,535
Net cash provided by operating activities 14,048 13,581
Securities available-for-sale:    
Proceeds from maturities 69,041 47,939
Purchases of securities (68,194) (65,364)
Principal payments on securities 6,724 3,996
Securities held-to-maturity:    
Proceeds from maturities 17,308 13,376
Purchases of securities (47,105) (58,003)
Principal payments on securities 10,145 8,179
Net redemption (purchase) of Federal Home Loan Bank Stock 621 (258)
Purchases of long term certificates of deposit (425) (1,225)
Maturity of long term certificate of deposit 490 245
Net increase in loans receivable (104,505) (81,718)
Proceeds from sale of foreclosed real estate 212 684
Purchases of premises and equipment (76) (290)
Net cash used in investing activities (115,764) (132,439)
Cash flows from financing activities    
Net (decrease) increase in short-term FHLB advances (19,200) 3,200
Proceeds from long-term FHLB advances 4,850 1,500
Repayment of long-term FHLB advances (2,500) 0
Payment of cash dividends (1,920) (1,854)
Proceeds from issuance of stock options 169 193
Excess tax benefit from share based compensation 51 6
Net increase in deposits 120,648 116,170
Net cash provided by financing activities 102,098 119,215
Net increase in cash and cash equivalents 382 357
Cash and cash equivalents at beginning of year 15,895 15,538
Cash and cash equivalents at end of year 16,277 15,895
Non-cash investing activities:    
Foreclosed loans transferred to other real estate 714 384
Cash paid during period for:    
Interest 3,059 2,571
Income taxes $ 5,559 $ 2,795