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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net Income $ 10,789 $ 8,330
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 478 479
Deferred income tax benefit (1,349) (962)
Net amortization of premiums and discounts 519 614
Net amortization of deferred loan costs and fees 380 358
Provision for loan losses 1,044 1,472
(Gains) losses on sale of foreclosed real estate (33) 73
Excess tax benefit from share based compensation 0 (51)
Net increase in accrued income taxes 3,125 753
Net increase in accrued interest receivable (1,046) (433)
Net increase in prepaid and other assets (782) (156)
Net increase (decrease) in other liabilities 1,039 (185)
Net cash provided by operating activities 14,164 10,292
Securities available-for-sale:    
Proceeds from maturities 42,817 55,945
Purchases of securities (72,299) (40,243)
Principal payments on securities 2,335 6,034
Securities held-to-maturity:    
Proceeds from maturities 10,021 7,358
Purchases of securities (73,951) (24,835)
Principal payments on securities 9,849 7,551
Net redemption of Federal Home Loan Bank Stock 646 1,069
Purchases of long term certificates of deposit (240) 0
Maturity of long term certificate of deposit 0 65
Net increase in loans receivable (55,980) (85,840)
Proceeds from sale of foreclosed real estate 872 212
Purchases of premises and equipment (224) (76)
Net cash used by investing activities (136,154) (72,760)
Cash flows from financing activities    
Net decrease in short-term advances (6,900) (25,600)
Proceeds from long-term FHLB advances 0 4,850
Repayment of long-term FHLB advances (4,500) (2,500)
Payment of cash dividends (1,145) (1,112)
Proceeds from issuance of stock options 150 169
Excess tax benefit from share based compensation 0 51
Net increase in deposits 192,712 106,302
Net cash provided by financing activities 180,317 82,160
Net increase in cash and cash equivalents 58,327 19,692
Cash and cash equivalents at beginning of period 16,277 15,895
Cash and cash equivalents at end of period 74,604 35,587
Non-cash investing activities:    
Foreclosed loans transferred to foreclosed real estate 240 123
Cash paid during period for:    
Interest 2,902 2,253
Income taxes $ 1,500 $ 3,030