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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net Income $ 3,472 $ 2,507
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 157 159
Deferred income tax expense 1,214 801
Net amortization of premiums and discounts 213 223
Net amortization of deferred loan costs and fees 134 118
Provision for loan losses 347 543
Losses on sale of foreclosed real estate 37 47
Excess tax benefit from share based compensation 0 (41)
Net decrease in accrued income taxes (647) (1,554)
Net increase in accrued interest receivable (341) (90)
Net decrease in prepaid and other assets 175 207
Net increase (decrease) in other liabilities 1,717 (81)
Net cash provided by operating activities 6,478 2,839
Securities available-for-sale:    
Proceeds from maturities 17,594 24,481
Purchases of securities (27,125) (16,443)
Principal payments on securities 571 620
Securities held-to-maturity:    
Proceeds from maturities 4,137 3,253
Purchases of securities (12,050) (7,648)
Principal payments on securities 5,851 1,525
Net redemption of Federal Home Loan Bank Stock 556 532
Maturity of long term certificate of deposit 0 65
Net increase in loans receivable (14,768) (26,786)
Proceeds from sale of foreclosed real estate 38 39
Purchases of premises and equipment (101) (41)
Net cash used by investing activities (25,297) (20,403)
Cash flows from financing activities    
Net decrease in short-term advances (6,200) (11,800)
Repayment of long-term FHLB advances (2,500) 0
Payment of cash dividends (379) (369)
Proceeds from issuance of stock options 6 75
Excess tax benefit from share based compensation 0 41
Net increase in deposits 58,034 33,708
Net cash provided by financing activities 48,961 21,655
Net increase in cash and cash equivalents 30,142 4,091
Cash and cash equivalents at beginning of period 16,277 15,895
Cash and cash equivalents at end of period 46,419 19,986
Non-cash investing activities:    
Foreclosed loans transferred to foreclosed real estate 28 0
Cash paid during period for:    
Interest 931 729
Income taxes $ 630 $ 1,585