XML 21 R9.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net Income $ 13,320 $ 10,789
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 481 478
Deferred income tax benefit (563) (1,349)
Net amortization of premiums and discounts 214 519
Net amortization of deferred loan costs and fees 358 380
Provision for loan losses 1,058 1,044
Net gain on equity securities (20) 0
Net loss (gain) on sale of foreclosed real estate 34 (33)
Net increase in accrued income taxes 899 3,125
Net increase in accrued interest receivable (1,068) (1,046)
Net increase in prepaid and other assets (489) (782)
Net increase in other liabilities 929 1,039
Net cash provided by operating activities 15,153 14,164
Securities available-for-sale:    
Proceeds from maturities 77,974 42,817
Purchases of securities (62,996) (72,299)
Principal payments on securities 2,335 2,335
Securities held-to-maturity:    
Proceeds from maturities 13,007 10,021
Purchases of securities (50,591) (73,951)
Principal payments on securities 20,488 9,849
Net redemption of Federal Home Loan Bank Stock 247 646
Purchases of long term certificates of deposit (735) (735)
Maturity of long term certificates of deposit 245 495
Net increase in loans receivable (60,304) (55,980)
Proceeds from sale of foreclosed real estate 65 872
Purchases of premises and equipment (370) (224)
Net cash used by investing activities (60,635) (136,154)
Cash flows from financing activities:    
Net decrease in short-term advances 0 (6,900)
Repayment of long-term FHLB advances (5,500) (4,500)
Payment of cash dividends (1,644) (1,145)
Proceeds from issuance of stock options 0 150
Net increase in deposits 114,544 192,712
Net cash provided by financing activities 107,400 180,317
Net increase in cash and cash equivalents 61,918 58,327
Cash and cash equivalents at beginning of period 26,504 16,277
Cash and cash equivalents at end of period 88,422 74,604
Non-cash investing activities:    
Foreclosed loans transferred to foreclosed real estate 34 240
Cash paid during period for:    
Interest 4,423 2,902
Income taxes $ 2,473 $ 1,500