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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows From Operating Activities:    
Net Income $ 7,828 $ 6,800
Items not requiring (providing) cash:    
Depreciation 920 777
(Gain) loss on disposal of fixed assets (2) 8
Stock option and stock grant expense 31 23
Loss on sale/write-down of REO 10 22
Amortization of intangible assets 441 396
Amortization of purchase accounting adjustments (492) (1,159)
Increase in cash surrender value of bank owned life insurance (BOLI) (254) (246)
Provision for loan losses 896 682
Net amortization of premiums and discounts on securities 264 230
Originations of loans held for sale (10,132) (7,420)
Proceeds from sales of loans held for sale 9,986 7,936
Gain on sales of loans held for sale (273) (179)
Changes in:    
Accrued interest receivable (1,459) (1,620)
Prepaid expenses and other assets (2,638) 1,434
Accounts payable and other liabilities 276 (903)
Deferred income taxes 6 6
Accrued interest payable (199) 185
Net cash provided by operating activities 5,209 6,972
Cash flows from investing activities:    
Net increase in loans (28,472) (62,129)
Net change in interest-bearing deposits (1) (4)
Proceeds from maturities of available for sale securities 11,041 5,748
Net redemptions (purchases) of Federal Home Loan Bank stock 0 (1,780)
Net purchases of Federal Reserve Bank of St. Louis stock (2,500) 0
Purchases of available-for-sale securities (16,512) (4,655)
Purchases of premises and equipment (1,687) (622)
Investments in state & federal tax credits (10) (231)
Proceeds from sale of fixed assets 13 0
Proceeds from sale of foreclosed assets 275 421
Net cash used in investing activities (37,853) (63,252)
Cash flows from financing activities:    
Net decrease in demand deposits and savings accounts (8,949) (36,827)
Net (decrease) increase in certificates of deposits (12,200) 48,066
Net (decrease) increase in securities sold under agreements to repurchase (4,376) 364
Proceeds from Federal Home Loan Bank advances 147,550 192,550
Repayments of Federal Home Loan Bank advances (89,162) (150,900)
Purchase of treasury stock (2,814) 0
Dividends paid on common stock (1,382) (1,169)
Net cash provided by financing activities 28,667 52,084
Decrease in cash and cash equivalents (3,977) (4,196)
Cash and cash equivalents at beginning of period 35,400 26,326
Cash and cash equivalents at end of period 31,423 22,130
Noncash investing and financing activities:    
Conversion of loans to foreclosed real estate 365 1,495
Conversion of loans to repossessed assets 59 11
Right of use assets obtained in exchange for operating lease obligations 1,996 0
Cash paid during the period for:    
Interest (net of interest credited) 964 1,005
Income taxes $ 2,856 $ 310