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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating activities:    
Net income $ 9,659 $ 7,890
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 633 792
Loss (gain) on sale and impairment of real estate owned and other repossessed collateral, net 64 (11)
Net unrealized gain on equity securities (10)
Accretion of fair value adjustments on loans, net (3,700) (4,830)
Amortization of fair value adjustments on borrowings, net 115 104
Amortization of subordinated debt issuance costs 55 55
Originations of loans held for sale (44,203) (49,309)
Net proceeds from sales of loans held for sale 48,201 50,946
Gain on sales of residential loans held for sale (279) (545)
Gain on sales of SBA and other loans held for sale (1,793) (1,382)
Net decrease (increase) in servicing rights 36 (159)
Amortization of intangible assets 218 218
Bank-owned life insurance income, net (219) (223)
Depreciation of premises and equipment 662 636
Stock-based compensation 687 485
Deferred income tax expense 498
Amortization of available-for-sale debt securities, net 197 450
Changes in other assets and liabilities:    
Other assets 391 (1,376)
Other liabilities (4,948) (3,231)
Net cash provided by operating activities 5,766 1,008
Investing activities:    
Purchases of available-for-sale debt securities (21,986) (9,222)
Proceeds from maturities and principal payments on investment securities, net 25,203 12,951
Loan purchases (84,137) (38,453)
Loan originations, principal collections, and purchased loan paydowns, net 24,601 45,540
Purchases and disposals of premises and equipment, net (183) (795)
Redemption of Federal Home Loan Bank stock 180
Proceeds from sales of real estate owned and other repossessed collateral 756 1,264
Net cash (used in) provided by investing activities (55,746) 11,465
Financing activities:    
Net increase (decrease) in deposits 30,651 (41,196)
Dividends paid on common stock (180) (177)
Repayment of Federal Home Loan Bank advances (5,000)
Repayment of capital lease obligation (139) (132)
Repurchases for tax withholdings on restricted common stock (134) (55)
Stock options exercised, net (4) (973)
Net cash provided by (used in) financing activities 30,194 (47,533)
Net decrease in cash and cash equivalents (19,786) (35,060)
Cash and cash equivalents, beginning of period 157,402 163,283
Cash and cash equivalents, end of period 137,616 128,223
Supplemental schedule of noncash investing activities:    
Transfers from loans to real estate owned and other repossessed collateral, net $ 50 $ 1,302