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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
Cash Flows From Operating Activities:      
NET INCOME $ 28,904 $ 20,929 $ 15,552
Items not requiring (providing) cash:      
Depreciation 3,402 3,119 2,982
Gain Loss on Disposal of Fixed Assets 29 (206) 332
Stock Option and Stock Grant Expense 374 230 510
(Gain) loss on sale/write-down of REO 267 (45) 324
Amortization of intangible assets 1,672 1,457 911
Amortization of Purchase Accounting Adjustments (2,886) (1,694) (1,116)
Increase in cash surrender value of bank owned life insurance (BOLI) (1,329) (947) (1,135)
Provision for loan losses 2,032 3,047 2,340
Net Realized Gains on Sale of Available for Sale Securities (244) (334) 0
Net amortization of premiums and discounts on securities 846 994 1,034
Originations of loans held for sale (30,768) (29,749) (33,059)
Proceeds from sales of loans held for sale 30,633 29,410 33,656
Gain on Sales of Loans Held for Sale (771) (804) (840)
Changes In:      
Accrued interest receivable (459) (797) (314)
Prepaid expenses and other assets 56 7,852 2,717
Accounts payable and other liabilities 5,973 (309) 622
Deferred income taxes 75 (1,774) 964
Accrued interest payable 795 265 138
NET CASH PROVIDED BY OPERATING ACTIVITIES 38,601 30,644 25,618
Cash flows from investing activities:      
Net increase in loans (139,056) (99,510) (112,372)
Net change in interest-bearing deposits 983 249 723
Proceeds from maturities of available for sale securities 29,971 24,981 22,544
Proceeds from sales of available for sale securities 40,985 18,198 0
Net redemptions (purchases) of Federal Home Loan Bank stock 1,489 (1,756) 2,462
Net purchases of Federal Reserve Bank of St. Louis stock (785) (1,209) (14)
Purchases of available-for-sale securities (31,207) (44,051) (31,490)
Purchases of premises and equipment (7,696) (2,138) (3,034)
Net Cash Paid for Acquisitions (8,377) (1,501) (1,736)
Investments in state & federal tax credits (2,192) (5,086) (1,897)
Proceeds from sale of fixed assets 32 1,970 15
Proceeds from sale of foreclosed assets 2,317 1,374 835
Proceeds from BOLI claim 544 0 848
Net cash used in investing activities (112,992) (108,479) (123,116)
Cash flows from financing activities:      
Net increase in demand deposits and savings accounts 40,664 82,567 115,340
Net increase (decrease) in certificates of deposits 102,551 (26,392) 52,939
Net increase (decrease) in securities sold under agreements to repurchase 1,109 (6,945) (16,873)
Proceeds from Federal Home Loan Bank advances 591,500 1,518,930 1,350,565
Repayments of Federal Home Loan Bank advances (642,030) (1,491,130) (1,416,815)
Proceeds from issuance of long term debt 0 0 15,000
Repayments of long term debt (4,400) 0 (15,650)
Common Stock Issued 0 0 24,144
Exercise of stock options 0 172 61
Purchase of Treasury Stock (1,166) 0 0
Dividends paid on common stock (4,763) (3,827) (2,981)
Net cash provided by financing activities 83,465 73,375 105,730
Increase (decrease) in cash and cash equivalents 9,074 (4,460) 8,232
Cash and cash equivalents at beginning of period 26,326 30,786 22,554
Cash and cash equivalents at end of period 35,400 26,326 30,786
Noncash investing and financing activities:      
Conversion of Loans to Foreclosed Real Estate 2,134 1,905 890
Conversion of foreclosed real estate to loans 51 112 128
Conversion of Loans to Repossessed Assets 66 54 130
Fair value of assets acquired 216,772 90,992 193,297
Common Stock Issued Expense 10,757 12,955 10,965
Cash Paid for Capital Stock 11,271 3,860 11,109
Liabilities assumed 194,744 74,177 171,223
Cash Paid During the Period For:      
Interest (net of interest credited) 4,325 3,021 3,132
Income taxes $ 2,856 $ 1,589 $ 3,132