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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net income $ 29,628 $ 23,083
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (benefit) for credit losses (4,005) (6,180)
Depreciation and amortization 7,107 7,042
Deferred income tax expense 5,277 3,600
Net accretion of purchase accounting adjustments on loans (1,283) (1,559)
Net amortization and accretion 1,582 916
Prepayment penalties paid on borrowings 0 3,656
Impairment on assets held for sale 87 0
Loss (gain) on sale of REO 7 (49)
BOLI income (1,500) (1,551)
Gain on sale of loans held for sale (10,927) (11,929)
Origination of loans held for sale (387,252) (464,173)
Proceeds from sale of loans held for sale 402,161 443,380
New deferred loan origination fees, net (640) (541)
Decrease (increase) in accrued interest receivable and other assets (3,595) 1,238
ESOP compensation expense 1,164 744
Share-based compensation expense 1,407 1,449
Increase (decrease) in other liabilities (971) 2,552
Net cash provided by operating activities 38,247 1,678
Investing activities:    
Purchases of debt securities available for sale (9,762) (95,636)
Proceeds from maturities, calls and paydowns of debt securities available for sale 55,600 59,021
Purchases of commercial paper (463,446) (519,781)
Proceeds from maturities and calls of commercial paper 340,999 586,862
Purchases of CDs in other banks (996) (4,930)
Proceeds from maturities of CDs in other banks 12,993 18,604
Net redemptions of other investments, at cost 670 10,047
Net decrease in loans 39,394 103,407
Purchase of BOLI (132) (139)
Purchase of equipment for operating leases (2,888) (7,877)
Payoff of equipment for operating leases 5,981 65
Purchase of premises and equipment (6,043) (15,095)
Proceeds from sale of assets held for sale 2,322 0
Proceeds from sale of REO 181 352
Net cash provided by (used in) investing activities (25,127) 134,900
Financing activities:    
Net increase in deposits 103,616 122,722
Net decrease in short-term borrowings (115,000) 0
Proceeds from long-term borrowings 60,000 0
Repayment of long-term borrowings (30,000) (203,656)
Common stock repurchased (32,318) (11,723)
Cash dividends paid (4,094) (3,734)
Retired stock (345) (204)
Exercised stock options 6,081 2,490
Net cash used in financing activities (12,060) (94,105)
Net increase in cash and cash equivalents 1,060 42,473
Cash and cash equivalents at beginning of period 50,990 121,622
Cash and cash equivalents at end of period 52,050 164,095
Cash paid during the period for:    
Interest 4,080 13,302
Income taxes 269 472
Noncash transactions:    
Unrealized loss in value of debt securities available for sale, net of income taxes (2,911) (558)
Transfer of loans to REO 0 108
Transfer of loans held for sale to loans held for investment 19,032 14,702
Transfer of loans held for investment to loans held for sale 12,827 0
ROU asset and lease liabilities for operating lease accounting 1,186 599
Transfer of premises and equipment to assets held for sale (included in other assets) $ 3,229 $ 0