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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities:    
Net Income $ 9,986 $ 7,828
Items not requiring (providing) cash:    
Depreciation 1,011 920
Gain (Loss) on Disposal of Fixed Assets 26 (2)
Stock Option and Stock Grant Expense 23 31
Loss on sale/write-down of REO 36 10
Amortization of intangible assets 380 441
Accretion of purchase accounting adjustments (281) (492)
Increase in cash surrender value of bank owned life insurance (BOLI) (281) (254)
Provision for credit losses 774 896
Net amortization of premiums and discounts on securities 452 264
Originations of loans held for sale (47,888) (10,132)
Proceeds from sales of loans held for sale 45,300 9,986
Gain (loss) on Loans Held for Sale (1,206) (273)
Changes in    
Accrued interest receivable (1,650) (1,459)
Prepaid expenses and other assets 849 (2,638)
Accounts payable and other liabilities (1,392) 276
Deferred income taxes 14 6
Accrued interest payable (245) (199)
Net cash provided by operating activities 5,908 5,209
Cash flows from investing activities:    
Net increase in loans (14,163) (28,472)
Net change in interest-bearing deposits (2) (1)
Proceeds from maturities of available for sale securities 15,715 11,041
Net purchases of Federal Home Loan Bank stock (335) 0
Net purchases of Federal Reserve Bank of St. Louis stock (654) (2,500)
Purchases of available-for-sale securities (14,992) (16,512)
Purchases of premises and equipment (453) (1,687)
Investments in state & federal tax credits (1,051) (10)
Proceeds from sale of fixed assets 71 13
Proceeds from sale of foreclosed assets 129 275
Net cash used in investing activities (15,735) (37,853)
Cash flows from financing activities:    
Net decrease in certificates of deposits (27,073) (12,200)
Net decrease in securities sold under agreements to repurchase 0 (4,376)
Proceeds from Federal Home Loan Bank advances 34,800 147,550
Repayments of Federal Home Loan Bank advances (19,212) (89,162)
Net increase (decrease) in demand deposits and savings accounts 10,311 (8,949)
Purchase of Treasury Stock 0 (2,814)
Dividends paid on common stock (1,369) (1,382)
Net cash (used in) provided by financing activities (2,543) 28,667
Decrease in cash and cash equivalents (12,370) (3,977)
Cash and cash equivalents at beginning of period 54,245 35,400
Cash and cash equivalents at end of period 41,875 31,423
Noncash investing and financing activities:    
Conversion of Loans to Foreclosed Real Estate 69 365
Conversion of foreclosed real estate to loans 0 59
Conversion of Loans to Repossessed Assets 22 1,996
Cash paid during the period for    
Interest (net of interest credited) 678 964
Income taxes $ 1,793 $ 2,856