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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash Flows From Operating Activities:    
Net Income $ 24,731 $ 22,033
Items not requiring (providing) cash:    
Depreciation 2,158 2,018
Loss on disposal of fixed assets 3 27
Stock option and stock grant expense 90 74
Loss on sale/write-down of REO 283 23
Amortization of intangible assets 677 718
Accretion of purchase accounting adjustments (637) (709)
Increase in cash surrender value of bank owned life insurance (BOLI) (563) (1,254)
Provision (benefit)for credit losses (305) 2,000
Net amortization of premiums and discounts on securities 596 914
Originations of loans held for sale (28,271) (98,827)
Proceeds from sales of loans held for sale 29,008 98,233
Gain on sales of loans held for sale (731) (2,596)
Changes in:    
Accrued interest receivable (633) (261)
Prepaid expenses and other assets (1,087) 2,265
Accounts payable and other liabilities 3,831 (4,244)
Deferred income taxes 513 28
Accrued interest payable (99) (540)
Net cash provided by operating activities 29,564 19,902
Cash flows from investing activities:    
Net increase (decrease) in loans (156,655) 13,239
Net change in interest-bearing deposits   (4)
Proceeds from maturities of available for sale securities 24,795 29,826
Net redemptions of Federal Home Loan Bank stock 752 403
Net purchases of Federal Reserve Bank of St. Louis stock   (654)
Purchases of available-for-sale securities (27,390) (35,674)
Purchases of long-term investment (133)  
Purchases of premises and equipment (3,689) (1,020)
Net cash received from acquisition 27,151  
Investments in state & federal tax credits (1,827) (1,051)
Proceeds from sale of fixed assets 928 72
Proceeds from sale of foreclosed assets 249 766
Proceeds from BOLI claim   1,351
Net cash (used in) provided by investing activities (135,819) 7,254
Cash flows from financing activities:    
Net increase in demand deposits and savings accounts 206,309 132,558
Net decrease in certificates of deposits (13,385) (52,297)
Proceeds from Federal Home Loan Bank advances   110,100
Repayments of Federal Home Loan Bank advances (21,025) (116,874)
Purchase of treasury stock (1,175) (2,638)
Dividends paid on common stock (3,559) (2,730)
Net cash provided by financing activities 167,165 68,119
Increase in cash and cash equivalents 60,910 95,275
Cash and cash equivalents at beginning of period 123,592 54,245
Cash and cash equivalents at end of period 184,502 149,520
Noncash investing and financing activities:    
Conversion of loans to foreclosed real estate   607
Conversion of loans to repossessed assets 14 363
Right of use assets obtained in exchange for lease obligations: Operating Leases 70 40
Fair value of assets acquired 1,707  
Cash received 26,932  
Liabilities assumed 28,639  
Cash paid during the period for:    
Interest (net of interest credited) 1,100 1,510
Income taxes $ 157 $ 6,776