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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities:    
Net income $ 2,618 $ 1,841
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 293 321
Provision/Recovery loan losses 141 (244)
Deferred loan origination costs 2,397 (62)
Amortization of premium on investments 1,397 1,995
Proceeds from sale of loans 7,204 3,207
Loans disbursed for sale in the secondary market (7,287) (2,968)
Gain on sale of loans (219) (101)
Amortization of intangible asset 90 90
Amortization of acquisition-related loan yield adjustment (123) (168)
Loss (gain) on sale of investment securities (124) 310
Real estate owned write down 60 0
Gain on sale of other real estate owned (27) (147)
Gain recognized from death benefit on bank owned life insurance (298) 0
Increase in cash surrender value of life insurance (376) (400)
Stock-based compensation 226 201
Amortization of ESOP shares 339 361
Deferred income taxes (91) (39)
Effects of change in operating assets and liabilities:    
Accrued interest receivable (42) (223)
Prepaid expenses and other assets 467 778
Accrued interest payable 0 (3)
Accrued expenses and other (1,143) 2,806
Net cash provided by operating activities 5,502 7,555
Investing activities:    
Proceeds from maturity of available for sale investment securities 265 90
Proceeds from sale of available for sale investment securities 16,251 1,065
Proceeds from maturity of held to maturity securities 56 86
Proceeds from repayment of mortgage-backed securities and collateralized mortgage obligations available for sale 15,316 22,602
Proceeds from sale of mortgage-backed securities available for sale 23,749 44,225
Proceeds from sale of other real estate owned 73 619
Purchases of available for sale investment securities (24,100) (9,155)
Purchases of held to maturity investment securities (388) (29,961)
Purchases of mortgage-backed securities available for sale (9,114) (15,917)
Proceeds from sale of Federal Home Loan Bank stock 0 1,249
Proceeds from bank owned life insurance death benefit 1,008 0
Net increase in loans (17,634) (9,229)
Capital expenditures (91) (227)
Net cash provided by investing activities 5,391 5,447
Financing activities:    
Net decrease in deposits (553) (7,954)
Borrowings from Federal Home Loan Bank 1,934 5,000
Repayments of Federal Home Loan Bank advances (1,000) (7,000)
Dividends paid to stockholders (729) (859)
Repurchases of common stock (6,063) (3,860)
Net increase in advances from borrowers for payment of insurance and taxes 242 259
Net cash used in financing activities (6,169) (14,414)
Net increase (decrease) in cash and cash equivalents 4,724 (1,412)
Cash and cash equivalents at beginning of period 18,522 24,970
Cash and cash equivalents at end of period $ 23,246 $ 23,558