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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities:      
NET INCOME (LOSS) $ 47,180 $ 27,545 $ 28,904
Items not requiring (providing) cash:      
Depreciation 4,029 3,783 3,402
Loss on disposal of fixed assets 80 482 29
Stock option and stock grant expense 550 430 374
Loss on sale/write-down of REO 55 802 267
Amortization of intangible assets 1,395 1,771 1,672
Accretion of purchase accounting adjustments (1,502) (1,403) (2,886)
Increase in cash surrender value of bank owned life insurance (BOLI) (1,800) (1,022) (1,329)
Provision for credit losses (1,024) 6,002 2,032
Gains realized on sale of AFS securities (90)   (244)
Net amortization of premiums and discounts on securities 1,633 1,295 846
Bargain purchase gain   (123)  
Originations of loans held for sale (151,171) (72,165) (30,768)
Proceeds from sales of loans held for sale 151,813 70,929 30,633
Gain on sales of loans held for sale (3,980) (1,630) (771)
Changes in:      
Accrued interest receivable 2,037 (1,758) (459)
Prepaid expenses and other assets 1,790 4,566 56
Accounts payable and other liabilities (47) 1,224 5,973
Deferred income taxes 1,681 26 75
Accrued interest payable (867) (453) 795
NET CASH PROVIDED BY OPERATING ACTIVITIES 51,762 40,301 38,601
Cash flows from investing activities:      
Net increase in loans (62,864) (246,930) (139,056)
Net change in interest-bearing deposits (7) (2) 983
Proceeds from maturities of available for sale securities 57,723 51,649 29,971
Proceeds from sales of available for sale securities 16,284   40,985
Net (purchases) redemptions of Federal Home Loan Bank stock 517 (1,072) 1,489
Net purchases of Federal Reserve Bank of St. Louis stock (668) (13) (785)
Purchases of available-for-sale securities (108,057) (55,486) (31,207)
Purchases of long-term investment (40)    
Purchases of premises and equipment (2,856) (4,304) (7,696)
Purchases of BOLI   (4,000)  
Net cash paid for acquisition   (9,080) (8,377)
Investments in state & federal tax credits (5,325) (5,103) (2,192)
Proceeds from sale of fixed assets 580 349 32
Proceeds from sale of foreclosed assets 1,444 1,632 2,317
Proceeds from BOLI claim 1,351   544
NET CASH USED IN INVESTING ACTIVITIES (101,918) (272,360) (112,992)
Cash flows from financing activities:      
Net increase in demand deposits and savings accounts 257,876 249,285 40,664
Net (decrease) increase in certificates of deposits (111,885) (4,788) 102,551
Net (decrease) increase in securities sold under agreements to repurchase   (4,376) 1,109
Proceeds from Federal Home Loan Bank advances 110,100 640,900 591,500
Repayments of Federal Home Loan Bank advances (122,649) (615,897) (642,030)
Repayments of long term debt   (3,000) (4,400)
Exercise of stock options   64  
Purchase of treasury stock (8,341) (5,771) (1,166)
Dividends paid on common stock (5,598) (5,513) (4,763)
NET CASH PROVIDED BY FINANCING ACTIVITIES 119,503 250,904 83,465
Increase in cash and cash equivalents 69,347 18,845 9,074
Cash and cash equivalents at beginning of period 54,245 35,400 26,326
Cash and cash equivalents at end of period 123,592 54,245 35,400
Noncash investing and financing activities:      
Conversion of loans to foreclosed real estate 748 1,057 2,134
Conversion of foreclosed real estate to loans     51
Conversion of loans to repossessed assets 461 210 66
Right of use assets obtained in exchange for lease obligations: Operating Leases 804 2,004  
Fair value of assets acquired   70,570 216,772
Less: common stock issued     10,757
Cash paid for the capital stock   21,942 11,271
Liabilities assumed   48,504 194,744
Cash paid during the period for:      
Interest (net of interest credited) 2,654 3,813 4,325
Income taxes $ 9,240 $ 2,437 $ 2,856