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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net Income $ 4,863 $ 4,380
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 175 154
Deferred income tax benefit (380) (388)
Net amortization of premiums and discounts 120 81
Net amortization of deferred loan costs and fees 143 110
Provision for loan losses 551 354
Net loss (gain) on equity securities 2 (15)
(Income) losses on sale of foreclosed real estate (76) 9
Net increase in accrued income taxes 558 426
Net increase in accrued interest receivable (117) (380)
Net (increase) decrease in prepaid and other assets (1,450) 255
Net increase (decrease) in other liabilities 1,428 (2,082)
Net cash provided by operating activities 5,817 2,904
Securities available-for-sale:    
Proceeds from maturities 30,178 32,825
Purchases of securities (68,828) (32,921)
Principal payments on securities 1,739 1,191
Securities held-to-maturity:    
Proceeds from maturities 14,129 4,519
Purchases of securities (21,466) (23,918)
Principal payments on securities 6,852 13,102
Net redemption (purchase) of Federal Home Loan Bank Stock 360 (2,602)
Purchase of long term certificate of deposit (751) 0
Net increase in loans receivable (20,710) (20,593)
Proceeds from sale of foreclosed real estate 41 65
Purchases of premises and equipment (256) (117)
Net cash used by investing activities (58,712) (28,449)
Cash flows from financing activities:    
Net (decrease) increase in short-term advances (8,000) 58,800
Repayment of long-term FHLB advances 0 (1,000)
Payment of cash dividends (432) (854)
Net (decrease) increase in deposits 142,641 (22,773)
Net cash provided by financing activities 134,209 34,173
Net increase in cash and cash equivalents 81,314 8,628
Cash and cash equivalents at beginning of period 29,538 26,504
Cash and cash equivalents at end of period 110,852 35,132
Non-cash investing activities:    
Foreclosed loans transferred to foreclosed real estate 215 34
Cash paid during period for:    
Interest 2,094 1,332
Income taxes $ 752 $ 975