XML 17 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows From Operating Activities:    
Net Income $ 21,348 $ 15,291
Items not requiring (providing) cash:    
Depreciation 2,505 2,334
Loss (gain) on disposal of fixed assets 3 (199)
Stock option and stock grant expense 357 221
Loss (gain) on sale/write-down of REO 187 (83)
Amortization of intangible assets 1,232 1,061
Accretion of purchase accounting adjustments (2,275) (1,353)
Increase in cash surrender value of bank owned life insurance (BOLI) (1,080) (702)
Provision for loan losses 1,486 2,060
Gains realized on sale of AFS securities (244) (292)
Net amortization of premiums and discounts on securities 624 763
Originations of loans held for sale (21,304) (21,831)
Proceeds from sales of loans held for sale 21,519 21,497
Gain on sales of loans held for sale (495) (618)
Changes in:    
Accrued interest receivable 620 67
Prepaid expenses and other assets 4,213 7,049
Accounts payable and other liabilities 877 (2,953)
Deferred income taxes (181) (1,280)
Accrued interest payable 759 197
Net cash provided by operating activities 30,151 21,229
Cash flows from investing activities:    
Net increase in loans (116,244) (58,019)
Net change in interest-bearing deposits 986 249
Proceeds from maturities of available for sale securities 25,211 17,842
Proceeds from sales of available for sale securities 40,985 8,166
Net redemptions (purchases) of Federal Home Loan Bank stock 1,849 (630)
Net purchases of Federal Reserve Bank of St. Louis stock (778) (839)
Purchases of available-for-sale securities (24,544) (25,891)
Purchases of premises and equipment (6,550) (1,971)
Net cash paid for acquisition (8,377) (1,501)
Investments in state & federal tax credits (231) (5,086)
Proceeds from sale of fixed assets 29 1,918
Proceeds from sale of foreclosed assets 1,961 1,088
Proceeds from BOLI claim 544 0
Net cash used in investing activities (85,159) (64,674)
Cash flows from financing activities:    
Net increase in demand deposits and savings accounts 17,574 83,422
Net increase (decrease) in certificates of deposits 106,027 (32,830)
Net increase (decrease) in securities sold under agreements to repurchase 1,436 (6,443)
Proceeds from Federal Home Loan Bank advances 466,800 1,372,930
Repayments of Federal Home Loan Bank advances (523,818) (1,370,930)
Repayments of long term debt (4,400) 0
Exercise of stock options 0 128
Dividends paid on common stock (3,551) (2,837)
Net cash provided by financing activities 60,068 43,440
Increase (decrease) in cash and cash equivalents 5,060 (5)
Cash and cash equivalents 26,326 30,786
Cash Flow, Noncash Investing and Financing Activities Disclosure    
Conversion of loans to foreclosed real estate 1,603 1,694
Conversion of loans to repossessed assets 26 46
Common Stock Issued Expense 0 (128)
Cash Paid During the Period For    
Interest Paid, Excluding Capitalized Interest, Operating Activities 3,457 2,331
Income Taxes Paid 1,455 1,080
Conversion of foreclosed real estate to loans 51 112
Gideon Bancshares Company    
Cash flows from financing activities:    
Exercise of stock options (10,757) (12,955)
Cash Flow, Noncash Investing and Financing Activities Disclosure    
Fair value of assets acquired 216,772 90,996
Common Stock Issued Expense 10,757 12,955
Cash paid for capital stock 11,271 3,860
Liabilities assumed $ 194,744 $ 74,181