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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities:    
Net income $ 8,804 $ 7,790
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Provision for loan losses 0 0
Depreciation 1,223 935
Deferred income tax expense 2,198 1,710
Net amortization and accretion (1,705) (1,497)
Loss (gain) on sale and impairment of REO (19) 179
Gain on sale of loans held for sale (2,299) (1,670)
Origination of loans held for sale (77,778) (43,134)
Proceeds from sales of loans held for sale 62,122 45,698
Decrease in deferred loan fees, net (250) (54)
Increase (decrease) in accrued interest receivable and other assets 419 (935)
Amortization of core deposit intangibles 411 565
BOLI income (697) (536)
ESOP compensation expense 338 384
Restricted stock and stock option expense 443 384
Decrease in other liabilities (2,274) (1,953)
Net cash provided by (used for) operating activities (9,064) 7,866
Investing Activities:    
Purchase of securities available for sale (49,375) 0
Proceeds from maturities of securities available for sale 1,900 1,215
Net purchases of commercial paper (11,159) (7,712)
Purchase of certificates of deposit in other banks (5,130) (3,237)
Maturities of certificates of deposit in other banks 7,018 11,790
Principal repayments of mortgage-backed securities 3,748 4,404
Net purchases of other investments (522) (2,065)
Net increase in loans (56,538) (66,912)
Purchase of BOLI (25) (25)
Proceeds from redemption of BOLI 477 7
Purchase of premises and equipment (383) (1,079)
Purchase of operating lease equipment (1,606) 0
Proceeds from sale of REO 412 293
Net cash used in investing activities (111,183) (63,321)
Financing Activities:    
Net increase in deposits 166,937 6,791
Net increase in other borrowings 5,000 40,000
Common stock repurchased (4,800) (3,724)
Cash dividends paid (1,034) 0
Exercised stock options 194 410
Net cash provided by financing activities 166,297 43,477
Net Increase (Decrease) in Cash and Cash Equivalents 46,050 (11,978)
Cash and Cash Equivalents at Beginning of Period 71,043 70,746
Cash and Cash Equivalents at End of Period 117,093 58,768
Cash paid during the period for:    
Interest 9,011 5,618
Income taxes 5 0
Noncash transactions:    
Unrealized gain (loss) in value of securities available for sale, net of income taxes 227 (291)
Transfer of loans to REO 46 74
Transfer of loans held for sale to total loans 3,614 5,794
Transfer of one-to-four family loans to held for sale 256,803 $ 0
Transfer of land from property and equipment to other assets for new finance lease accounting 2,052  
New ROU asset and lease liabilities from adoption of new lease accounting $ 5,296