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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:    
Net Income $ 7,112 $ 5,433
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 318 319
Deferred income tax expense (2,130) (2,196)
Net amortization of premiums and discounts 385 443
Net amortization of deferred loan costs and fees 253 251
Provision for loan losses 699 1,129
(Gains) losses on sale of foreclosed real estate (53) 61
Excess tax benefit from share based compensation 0 (51)
Net increase in accrued income taxes 3,376 2,438
Net increase in accrued interest receivable (577) (179)
Net increase in prepaid and other assets (973) (291)
Net increase (decrease) in other liabilities 351 (786)
Net cash provided by operating activities 8,761 6,571
Securities available-for-sale:    
Proceeds from maturities 30,543 37,123
Purchases of securities (43,784) (29,683)
Principal payments on securities 1,206 5,573
Securities held-to-maturity:    
Proceeds from maturities 7,347 5,795
Purchases of securities (31,015) (17,646)
Principal payments on securities 8,001 5,397
Net purchase of Federal Home Loan Bank Stock (357) (978)
Maturity of long term certificate of deposit 250 65
Net increase in loans receivable (40,729) (70,066)
Proceeds from sale of foreclosed real estate 38 94
Purchases of premises and equipment (202) (71)
Net cash used by investing activities (68,702) (64,397)
Cash flows from financing activities    
Net increase in short-term advances 13,400 19,700
Proceeds from long-term FHLB advances 0 2,650
Repayment of long-term FHLB advances (2,500) (500)
Payment of cash dividends (763) (742)
Proceeds from issuance of stock options 25 169
Excess tax benefit from share based compensation 0 51
Net increase in deposits 61,216 36,178
Net cash provided by financing activities 71,378 57,506
Net increase (decrease) in cash and cash equivalents 11,437 (320)
Cash and cash equivalents at beginning of period 16,277 15,895
Cash and cash equivalents at end of period 27,714 15,575
Non-cash investing activities:    
Foreclosed loans transferred to foreclosed real estate 91 123
Cash paid during period for:    
Interest 1,882 1,471
Income taxes $ 994 $ 1,633