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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net Income $ 17,484 $ 14,408
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 638 635
Deferred income tax (benefit) expense (967) 56
Net amortization of premiums and discounts 303 602
Net amortization of deferred loan costs and fees 495 508
Provision for loan losses 1,659 1,530
Net gain on equity securities (36) 0
Net loss (gain) on sale of foreclosed real estate 35 (42)
Net increase in accrued income taxes 109 1,774
Net increase in accrued interest receivable (796) (1,024)
Net increase in prepaid expenses and other assets (43) (382)
Net increase in accrued expenses and other liabilities 2,744 2,607
Net cash provided by operating activities 21,625 20,672
Securities available-for-sale:    
Proceeds from maturities 105,479 63,540
Purchases of securities (108,958) (97,725)
Principal payments on securities 2,793 3,617
Securities held-to-maturity:    
Proceeds from maturities 25,785 18,444
Purchases of securities (82,365) (85,568)
Principal payments on securities 26,650 15,852
Net (purchase) redemption of Federal Home Loan Bank Stock (214) 586
Purchase of long term certificate of deposit (735) (735)
Maturity of long term certificate of deposit 245 495
Net increase in loans receivable (83,495) (82,563)
Proceeds from sale of foreclosed real estate 65 1,003
Purchases of premises and equipment (589) (324)
Net cash used in investing activities (115,339) (163,378)
Cash flows from financing activities:    
Net decrease (increase) in short-term FHLB advances 8,000 (6,900)
Proceeds from long-term FHLB advances 950 0
Repayment of long-term FHLB advances (5,500) (4,500)
Payment of cash dividends (2,037) (1,526)
Proceeds from issuance of stock options 0 160
Net increase in deposits 95,335 165,699
Net cash provided by financing activities 96,748 152,933
Net increase in cash and cash equivalents 3,034 10,227
Cash and cash equivalents at beginning of year 26,504 16,277
Cash and cash equivalents at end of year 29,538 26,504
Non-cash investing activities:    
Foreclosed loans transferred to other real estate 34 273
Cash paid during period for:    
Interest 6,286 4,018
Income taxes $ 4,400 $ 2,325