Parent Company Financial Information (Tables)

12 Months Ended

Jun. 30, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet

Condensed balance sheet

	June 30, 2016			June 30, 2015
Assets:
Cash and equivalents	$	6,579		$	17,114
Certificates of deposit in other banks	8,456			9,947
Other securities	63			63
Total loans	7,938			11,643
Allowance for loan losses	(74		)	(129		)
Net loans	7,864			11,514
REO	1,124			834
Investment in bank subsidiary	326,648			320,861
ESOP loan receivable	8,830			9,280
Other assets	760			2,559
Total Assets	$	360,324		$	372,172
Liabilities and Stockholders’ Equity:
Other liabilities	348			1,122
Stockholders’ Equity	359,976			371,050
Total Liabilities and Stockholders’ Equity	$	360,324		$	372,172

Condensed Income Statement

Condensed statement of income

	June 30, 2016			June 30, 2015			June 30, 2014
Income:
Interest income	$	716		$	969		$	1,418
Other income	—			1			9
Equity earnings in Bank subsidiary	11,284			6,848			9,444
Total income	12,000			7,818			10,871
Expense:
Management fee expense	317			290			351
REO expense	71			136			237
Loss (gain) on sale and impairment of REO	115			(83		)	118
Recovery of loan losses	(275		)	(1,025		)	(357		)
Other expense	166			152			137
Total expense	394			(530		)	486
Income Before Income Taxes	11,606			8,348			10,385
Income Tax Expense	150			323			43
Net Income	$	11,456		$	8,025		$	10,342

Condensed Cash Flow Statement

Condensed statement of cash flows

	June 30, 2016			June 30, 2015			June 30, 2014
Operating Activities:
Net income	$	11,456		$	8,025		$	10,342
Adjustments to reconcile net income to net cash provided by operating activities:
Recovery of loan losses	(275		)	(1,025		)	(357		)
Loss (gain) on sale and impairment of REO	115			(83		)	118
Decrease (increase) in accrued interest receivable and other assets	1,799			(1,649		)	(308		)
Equity in undistributed income of Bank	(11,284		)	(6,848		)	(9,444		)
ESOP compensation expense	983			827			844
Restricted stock and stock option expense	2,939			2,821			2,623
Increase (decrease) in other liabilities	(774		)	60			660
Net cash provided by operating activities	4,959			2,128			4,478
Investing Activities:
Purchase of certificates of deposit in other banks	(996		)	(995		)	(248		)
Maturities of certificates of deposit in other banks	2,487			1,244			249
Purchase of equity securities	—			(63		)	—
Repayment of loans	3,024			4,835			6,356
Capital improvements to REO	—			(49		)	(4		)
Increase in investment in Bank subsidiary	(982		)	(827		)	(26,644		)
Dividend from subsidiary	7,952			25,000			19,110
ESOP principal payments received	450			442			430
Proceeds from sale of REO	496			302			4,811
Acquisition of BankGreenville Financial Corporation	—			—			(1,475		)
Acquisition of Jefferson Bancshares, Inc	—			—			(6,926		)
Net cash provided by (used in) investing activities	12,431			29,889			(4,341		)
Financing Activities:
Repayment of subordinated debentures	—			—			(10,000		)
Common stock repurchased	(27,734		)	(18,470		)	(29,460		)
Retired stock	(223		)	(188		)	(226		)
Exercised stock options	32			259			—
Net cash used in financing activities	(27,925		)	(18,399		)	(39,686		)
Net Increase (Decrease) in Cash and Cash Equivalents	(10,535		)	13,618			(39,549		)
Cash and Cash Equivalents at Beginning of Period	17,114			3,496			43,045
Cash and Cash Equivalents at End of Period	$	6,579		$	17,114		$	3,496