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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Cash Flows From Operating Activities:      
NET INCOME $ 27,545 $ 28,904 $ 20,929
Items not requiring (providing) cash:      
Depreciation 3,783 3,402 3,119
Loss (gain) on disposal of fixed assets 482 29 (206)
Stock option and stock grant expense 430 374 230
Loss on sale/write-down of REO 802 267 (45)
Amortization of intangible assets 1,771 1,672 1,457
Accretion of purchase accounting adjustments (1,403) (2,886) (1,694)
Increase in cash surrender value of bank owned life insurance (BOLI) (1,022) (1,329) (947)
Provision for loan losses 6,002 2,032 3,047
Gains realized on sale of AFS securities   (244) (334)
Net amortization of premiums and discounts on securities 1,295 846 994
Bargain purchase gain (123)    
Originations of loans held for sale (72,165) (30,768) (29,749)
Proceeds from sales of loans held for sale 70,929 30,633 29,410
Gain on sales of loans held for sale (1,630) (771) (804)
Changes In:      
Accrued interest receivable (1,758) (459) (797)
Prepaid expenses and other assets 4,566 56 7,852
Accounts payable and other liabilities 1,224 5,973 (309)
Deferred income taxes 26 75 (1,774)
Accrued interest payable (453) 795 265
NET CASH PROVIDED BY OPERATING ACTIVITIES 40,301 38,601 30,644
Cash flows from investing activities:      
Net increase in loans (246,930) (139,056) (99,510)
Net change in interest-bearing deposits (2) 983 249
Proceeds from maturities of available for sale securities 51,649 29,971 24,981
Proceeds from sales of available for sale securities   40,985 18,198
Net (purchases) redemptions of Federal Home Loan Bank stock (1,072) 1,489 (1,756)
Net purchases of Federal Reserve Bank of St. Louis stock (13) (785) (1,209)
Purchases of available-for-sale securities (55,486) (31,207) (44,051)
Purchases of premises and equipment (4,304) (7,696) (2,138)
Purchases of BOLI (4,000)    
Net cash paid for acquisition (9,080) (8,377) (1,501)
Investments in state & federal tax credits (5,103) (2,192) (5,086)
Proceeds from sale of fixed assets 349 32 1,970
Proceeds from sale of foreclosed assets 1,632 2,317 1,374
Proceeds from BOLI claim   544  
NET CASH USED IN INVESTING ACTIVITIES (272,360) (112,992) (108,479)
Cash flows from financing activities:      
Net increase in demand deposits and savings accounts 249,285 40,664 82,567
Net (decrease) increase in certificates of deposits (4,788) 102,551 (26,392)
Net (decrease) increase in securities sold under agreements to repurchase (4,376) 1,109 (6,945)
Proceeds from Federal Home Loan Bank advances 640,900 591,500 1,518,930
Repayments of Federal Home Loan Bank advances (615,897) (642,030) (1,491,130)
Repayments of long term debt (3,000) (4,400)  
Exercise of stock options 64   172
Purchase of treasury stock (5,771) (1,166)  
Dividends paid on common stock (5,513) (4,763) (3,827)
NET CASH USED IN FINANCING ACTIVITIES 250,904 83,465 73,375
Increase (decrease) in cash and cash equivalents 18,845 9,074 (4,460)
Cash and cash equivalents at beginning of period 35,400 26,326 30,786
Cash and cash equivalents at end of period 54,245 35,400 26,326
Noncash investing and financing activities:      
Conversion of loans to foreclosed real estate 1,057 2,134 1,905
Conversion of foreclosed real estate to loans   51 112
Conversion of loans to repossessed assets 210 66 54
Right of use assets obtained in exchange for lease obligations: Operating Leases 1,965    
Fair value of assets acquired 70,570 216,772 90,992
Less: common stock issued   10,757 12,955
Cash paid for the capital stock 21,942 11,271 3,860
Liabilities assumed 48,504 194,744 74,177
Cash paid during the period for:      
Interest (net of interest credited) 3,813 4,325 3,021
Income taxes $ 2,437 $ 2,856 $ 1,589