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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net Income $ 14,408 $ 11,187
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 635 637
Deferred income tax expense (benefit) 56 (259)
Net amortization of premiums and discounts 602 825
Net amortization of deferred loan costs and fees 508 457
Provision for loan losses 1,530 1,911
Net (gain) loss on sale of foreclosed real estate (42) 73
Excess tax benefit from share based compensation 0 (51)
Net increase (decrease) in accrued income taxes 1,774 (1,559)
Net increase in accrued interest receivable (1,024) (422)
Net (increase) decrease in prepaid expenses and other assets (382) 158
Net increase in other liabilities 2,607 1,091
Net cash provided by operating activities 20,672 14,048
Securities available-for-sale:    
Proceeds from maturities 63,540 69,041
Purchases of securities (97,725) (68,194)
Principal payments on securities 3,617 6,724
Securities held-to-maturity:    
Proceeds from maturities 18,444 17,308
Purchases of securities (85,568) (47,105)
Principal payments on securities 15,852 10,145
Net redemption of Federal Home Loan Bank Stock 586 621
Purchases of long term certificates of deposit (735) (425)
Maturity of long term certificate of deposit 495 490
Net increase in loans receivable (82,563) (104,505)
Proceeds from sale of foreclosed real estate 1,003 212
Purchases of premises and equipment (324) (76)
Net cash used in investing activities (163,378) (115,764)
Cash flows from financing activities:    
Net decrease in short-term FHLB advances (6,900) (19,200)
Proceeds from long-term FHLB advances 0 4,850
Repayment of long-term FHLB advances (4,500) (2,500)
Payment of cash dividends (1,526) (1,920)
Proceeds from issuance of stock options 160 169
Excess tax benefit from share based compensation 0 51
Net increase in deposits 165,699 120,648
Net cash provided by financing activities 152,933 102,098
Net increase in cash and cash equivalents 10,227 382
Cash and cash equivalents at beginning of year 16,277 15,895
Cash and cash equivalents at end of year 26,504 16,277
Non-cash investing activities:    
Foreclosed loans transferred to other real estate 273 714
Cash paid during period for:    
Interest 4,018 3,059
Income taxes $ 2,325 $ 5,559