XML 20 R8.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net Income $ 11,070 $ 9,976
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 361 362
Deferred income tax expense 66 317
Net amortization of premiums and discounts 1,643 339
Net (accretion) amortization of deferred loan costs and fees (1,223) 241
Provision for loan losses 2,505 1,241
Net (gain) on equity securities (24) (12)
Net (gain) on sale of foreclosed real estate 0 (76)
Net (decrease) in accrued income taxes (967) (318)
Net increase in accrued interest receivable (268) (957)
Net increase in prepaid expenses and other assets (1,584) (2,185)
Net (decrease) increase in other liabilities (256) 2,323
Net cash provided by operating activities 11,323 11,251
Securities available-for-sale:    
Proceeds from maturities 105,424 48,092
Purchases of securities (220,194) (124,023)
Principal payments on securities 8,352 5,054
Securities held-to-maturity:    
Proceeds from maturities 17,136 18,629
Purchases of securities (76,035) (60,251)
Principal payments on securities 32,899 13,586
Net redemption (purchase) of Federal Home Loan Bank Stock 68 (1,795)
Maturity of long term certificates of deposit 245 0
Purchase of long term certificates of deposit (268) (751)
Net increase in loans receivable (39,553) (67,024)
Proceeds from sale of foreclosed real estate 0 41
Purchases of premises and equipment (755) (380)
Net cash used by investing activities (172,681) (168,822)
Cash flows from financing activities:    
Net (decrease) increase in short-term advances (10,884) 40,900
Net decrease in short-term advances other banks (7,000) 0
Repayment of long-term FHLB advances (1,500) (1,000)
Net proceeds from subordinated notes payable 19,601 0
Payment of cash dividends (941) (1,376)
Purchase of treasury stock 0 (38)
Net increase in deposits 178,643 124,089
Net cash provided by financing activities 177,919 162,575
Net increase in cash and cash equivalents 16,561 5,004
Cash and cash equivalents at beginning of period 40,463 29,538
Cash and cash equivalents at end of period 57,024 34,542
Non-cash investing activities:    
Foreclosed loans transferred to foreclosed real estate 300 215
Cash paid during period for:    
Interest 2,614 4,371
Income taxes $ 2,616 $ 1,820