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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows From Operating Activities:    
Net Income $ 34,082 $ 33,491
Items not requiring (providing) cash:    
Depreciation 3,307 3,030
Loss on disposal of fixed assets 3 27
Stock option and stock grant expense 649 513
Loss on sale/write-down of REO 392 60
Amortization of intangible assets 1,040 1,057
Accretion of purchase accounting adjustments (1,036) (1,078)
Increase in cash surrender value of bank owned life insurance (BOLI) (854) (1,524)
Provision for credit losses 1,247 1,591
Gains realized on sale of AFS securities   (90)
Net amortization of premiums and discounts on securities 855 1,349
Originations of loans held for sale (38,454) (131,889)
Proceeds from sales of loans held for sale 38,164 129,637
Gain on sales of loans held for sale (934) (3,449)
Changes in:    
Accrued interest receivable 252 2,086
Prepaid expenses and other assets 2,311 2,562
Accounts payable and other liabilities 3,910 (3,611)
Deferred income taxes 1,019 (429)
Accrued interest payable (79) (728)
Net cash provided by operating activities 45,874 32,605
Cash flows from investing activities:    
Net (decrease) increase in loans (174,600) 2,478
Net change in interest-bearing deposits (1,488) (6)
Proceeds from maturities of available for sale securities 33,863 48,668
Proceeds from sales of available for sale securities   16,284
Net redemptions of Federal Home Loan Bank stock 502 227
Net purchases of Federal Reserve Bank of St. Louis stock (4) (655)
Purchases of available-for-sale securities (66,168) (82,725)
Purchases of long-term investment (133)  
Purchases of premises and equipment (4,365) (1,389)
Net cash received from acquisitions 48,768  
Investments in state & federal tax credits (9,786) (1,682)
Proceeds from sale of fixed assets 928 72
Proceeds from sale of foreclosed assets 471 978
Proceeds from BOLI claim   1,351
Net cash used in investing activities (172,012) (16,399)
Cash flows from financing activities:    
Net increase in demand deposits and savings accounts 303,499 265,514
Net decrease in certificates of deposits (21,571) (81,572)
Proceeds from Federal Home Loan Bank advances   110,100
Repayments of Federal Home Loan Bank advances (24,287) (117,386)
Purchase of treasury stock (1,174) (6,040)
Dividends paid on common stock (5,337) (4,171)
Net cash provided by financing activities 251,130 166,445
Increase in cash and cash equivalents 124,992 182,651
Cash and cash equivalents at beginning of period 123,592 54,245
Cash and cash equivalents at end of period 248,584 236,896
Noncash investing and financing activities:    
Conversion of loans to foreclosed real estate 127 721
Conversion of loans to repossessed assets 14 428
Right of use assets obtained in exchange for lease obligations: Operating Leases 109 599
Cash paid during the period for:    
Interest (net of interest credited) 1,487 2,129
Income taxes 262 $ 7,736
First National Bank, Cairo    
Noncash investing and financing activities:    
Fair value of assets acquired 1,707  
Cash received 27,151  
Liabilities assumed 28,859  
Fortune Financial Corporation    
Noncash investing and financing activities:    
Fair value of assets acquired 267,913  
Less: common stock issued 22,885  
Cash paid 12,663  
Liabilities assumed $ 232,365