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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Cash Flows From Operating Activities:      
NET INCOME $ 47,169,000 $ 47,180,000 $ 27,545,000
Items not requiring (providing) cash:      
Depreciation 4,480,000 4,029,000 3,783,000
Loss on disposal of fixed assets 3,000 80,000 482,000
Stock option and stock grant expense 697,000 550,000 430,000
Loss on sale/write-down of REO 460,000 55,000 802,000
Amortization of intangible assets 1,441,000 1,395,000 1,771,000
Accretion of purchase accounting adjustments (1,565,000) (1,502,000) (1,403,000)
Increase in cash surrender value of bank owned life insurance (BOLI) (1,168,000) (1,800,000) (1,022,000)
Provision for credit losses 1,487,000 (1,024,000) 6,002,000
Gains realized on sale of AFS securities   (90,000)  
Net amortization of premiums and discounts on securities 1,198,000 1,633,000 1,295,000
Bargain purchase gain     (123,000)
Originations of loans held for sale (42,808,000) (151,171,000) (72,165,000)
Proceeds from sales of loans held for sale 44,004,000 151,813,000 70,929,000
Gain on sales of loans held for sale (1,598,000) (3,980,000) (1,630,000)
Changes in:      
Accrued interest receivable (391,000) 2,037,000 (1,758,000)
Prepaid expenses and other assets 9,681,000 1,790,000 4,566,000
Accounts payable and other liabilities 5,016,000 (47,000) 1,224,000
Deferred income taxes (617,000) 1,681,000 26,000
Accrued interest payable (147,000) (867,000) (453,000)
NET CASH PROVIDED BY OPERATING ACTIVITIES 67,342,000 51,762,000 40,301,000
Cash flows from investing activities:      
Net increase in loans (281,544,000) (62,864,000) (246,930,000)
Net change in interest-bearing deposits (1,488,000) (7,000) (2,000)
Proceeds from maturities of available for sale securities 40,474,000 57,723,000 51,649,000
Proceeds from sales of available for sale securities   16,284,000  
Net (purchases) redemptions of Federal Home Loan Bank stock 691,000 517,000 (1,072,000)
Net purchases of Federal Reserve Bank of St. Louis stock (759,000) (668,000) (13,000)
Purchases of available-for-sale securities (96,144,000) (108,057,000) (55,486,000)
Purchases of long-term investment (383,000) (40,000)  
Purchases of premises and equipment (4,617,000) (2,856,000) (4,304,000)
Purchases of BOLI     (4,000,000)
Net cash paid (received) for acquisition 48,767,000   (9,080,000)
Investments in state & federal tax credits (11,276,000) (5,325,000) (5,103,000)
Proceeds from sale of fixed assets 928,000 580,000 349,000
Proceeds from sale of foreclosed assets 1,423,000 1,444,000 1,632,000
Proceeds from BOLI claim   1,351,000  
NET CASH USED IN INVESTING ACTIVITIES (303,928,000) (101,918,000) (272,360,000)
Cash flows from financing activities:      
Net increase in demand deposits and savings accounts 273,356,000 257,876,000 249,285,000
Net decrease in certificates of deposits (31,221,000) (111,885,000) (4,788,000)
Net decrease in securities sold under agreements to repurchase     (4,376,000)
Proceeds from Federal Home Loan Bank advances   110,100,000 640,900,000
Repayments of Federal Home Loan Bank advances (29,300,000) (122,649,000) (615,897,000)
Repayments of long term debt     (3,000,000)
Exercise of stock options     64,000
Purchase of treasury stock (5,838,000) (8,341,000) (5,771,000)
Dividends paid on common stock (7,194,000) (5,598,000) (5,513,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES 199,803,000 119,503,000 250,904,000
(Decrease) increase in cash and cash equivalents (36,783,000) 69,347,000 18,845,000
Cash and cash equivalents at beginning of period 123,592,000 54,245,000 35,400,000
Cash and cash equivalents at end of period 86,809,000 123,592,000 54,245,000
Noncash investing and financing activities:      
Conversion of loans to foreclosed real estate 127,000 748,000 1,057,000
Conversion of loans to repossessed assets 26,000 461,000 210,000
Right of use assets obtained in exchange for lease obligations: Operating Leases 95,000 804,000 2,004,000
Cash paid during the period for:      
Interest (net of interest credited) 2,057,000 2,654,000 3,813,000
Income taxes 361,000 $ 9,240,000 2,437,000
Fortune Financial Corporation      
Noncash investing and financing activities:      
Less: common stock issued 267,913,000    
Cash received 22,885,000    
Cash paid 12,663,000    
Liabilities assumed 232,365,000    
First National Bank, Cairo      
Noncash investing and financing activities:      
Fair value of assets acquired 1,707,000    
Cash paid 27,151,000    
Liabilities assumed $ 28,859,000    
Central Federal Bancshares      
Noncash investing and financing activities:      
Fair value of assets acquired     70,570,000
Cash paid     21,942,000
Liabilities assumed     $ 48,504,000