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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net (loss) income $ (7,985) $ 14,022
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 2,172 2,101
Provision for loan losses 20,440 1,780
Net accretion on securities (305) (400)
ESOP compensation 877  
Earnings on bank-owned life insurance (537) (95)
Proceeds from sale of loans   227
Net loss on the sale, disposal or write-down of premises and equipment, and other real estate owned 28 575
Net loss on equity securities 735  
Net gain on available for sale securities transactions (134)  
Deferred tax (benefit) expense (1,526) 173
Decrease (increase) in accrued interest receivable 348 (421)
Stock contribution to Pioneer Bank Charitable Foundation 5,196  
Increase in other assets (28,850) (6,072)
Increase (decrease) in other liabilities 2,138 (3,963)
Net cash (used in) provided by operating activities (7,403) 7,927
Cash flows from investing activities:    
Proceeds from maturities, paydowns and calls of securities available for sale 56,088 43,589
Proceeds from sales of securities available for sale 5,030 0
Purchases of securities available for sale (42,878) (49,725)
Proceeds from maturities and paydowns of securities held to maturity 3,296 4,553
Purchases of securities held to maturity (3,562) (3,378)
Net purchases of FHLBNY stock (900)  
Net increase in loans receivable (68,760) (56,925)
Purchases of premises and equipment (1,528) (1,791)
Proceeds from sale of premises and equipment, and other real estate owned 138 578
Proceeds from bank-owned life insurance death benefit 1,142  
Net cash used in investing activities (51,934) (63,099)
Cash flows from financing activities:    
Net (decrease) increase in deposits (93,643) 93,579
Net decrease in mortgagors’ escrow deposits (2,339) (1,901)
Net increase in borrowings from FHLBNY 20,000  
Issuance of common stock 109,055  
Purchase of shares by the ESOP (13,644)  
Net cash provided by financing activities 19,429 91,678
Net (decrease) increase in cash and cash equivalents (39,908) 36,506
Cash and cash equivalents at beginning of period 230,109 120,280
Cash and cash equivalents at end of period 190,201 156,786
Cash paid during the period for:    
Interest 3,818 3,189
Income taxes 1,800 3,500
Non-cash investing and financing activity:    
Loans transferred to other real estate owned $ 260 $ 226