XML 18 R8.htm IDEA: XBRL DOCUMENT v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows From Operating Activities:    
Net Income $ 22,033 $ 15,545
Items not requiring (providing) cash:    
Depreciation 2,018 1,870
Loss on disposal of fixed assets 27 331
Stock option and stock grant expense 74 109
Loss (gain) on sale/write-down of REO 23 (47)
Amortization of intangible assets 718 882
Accretion of purchase accounting adjustments (709) (919)
Increase in cash surrender value of bank owned life insurance (BOLI) (1,254) (507)
PROVISION FOR CREDIT LOSSES 1,385 1,284
Net amortization of premiums and discounts on securities 914 594
Originations of loans held for sale (98,827) (17,504)
Proceeds from sales of loans held for sale 98,233 17,696
Gain on sales of loans held for sale (2,596) (476)
Changes in:    
Accrued interest receivable (261) (1,103)
Prepaid expenses and other assets 2,265 (781)
Accounts payable and other liabilities (3,629) 853
Deferred income taxes 28 13
Accrued interest payable (540) (174)
Net cash provided by operating activities 19,902 17,666
Cash flows from investing activities:    
Net decrease (increase) in loans 13,239 (77,289)
Net change in interest-bearing deposits (4) (2)
Proceeds from maturities of available for sale securities 29,826 21,740
Net redemptions of Federal Home Loan Bank stock 403  
Net purchases of Federal Reserve Bank of St. Louis stock (654) (2,939)
Purchases of available-for-sale securities (35,674) (32,130)
Purchases of premises and equipment (1,020) (2,647)
Investments in state & federal tax credits (1,051) (599)
Proceeds from sale of fixed assets 72 155
Proceeds from sale of foreclosed assets 766 999
Proceeds from BOLI claims 1,351  
Net cash provided by (used in) investing activities 7,254 (92,712)
Cash flows from financing activities:    
Net increase in demand deposits and savings accounts 132,558 37,571
Net decrease in certificates of deposits (52,297) (16,605)
Net decrease in securities sold under agreements to repurchase   (4,376)
Proceeds from Federal Home Loan Bank advances 110,100 313,850
Repayments of Federal Home Loan Bank advances (116,874) (244,174)
Purchase of treasury stock (2,638) (2,814)
Dividends paid on common stock (2,730) (2,763)
Net cash provided by financing activities 68,119 80,689
Increase in cash and cash equivalents 95,275 5,643
Cash and cash equivalents at beginning of period 54,245 35,400
Cash and cash equivalents at end of period 149,520 41,043
Noncash investing and financing activities:    
Conversion of loans to foreclosed real estate 607 365
Conversion of loans to repossessed assets 363 59
Right of use assets obtained in exchange for lease obligations: Operating Leases   1,996
Cash paid during the period for:    
Interest (net of interest credited) 1,510 2,223
Income taxes $ 6,776 $ 711