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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities:    
Net Income $ 25,345,000 $ 21,267,000
Items not requiring (providing) cash:    
Depreciation 2,925,000 2,247,000
Loss (gain) on disposal of fixed assets 2,000 (317,000)
Stock option and stock grant expense 415,000 109,000
Loss (gain) on sale/write-down of REO 28,000 (30,000)
Amortization of intangible assets 2,035,000 803,000
Accretion of purchase accounting adjustments (3,074,000) (868,000)
Increase in cash surrender value of bank owned life insurance (BOLI) (931,000) (637,000)
Provision for credit losses 1,800,000 6,194,000
Loss realized on sale of AFS securities 682,000  
Net (accretion) amortization of premiums and discounts on securities (237,000) 481,000
Originations of loans held for sale (11,967,000) (11,395,000)
Proceeds from sales of loans held for sale 11,653,000 11,362,000
Gain on sales of loans held for sale (517,000) (419,000)
Changes in:    
Accrued interest receivable (5,620,000) (3,321,000)
Prepaid expenses and other assets (1,099,000) (776,000)
Accounts payable and other liabilities 3,700,000 2,507,000
Deferred income taxes   13,000
Accrued interest payable 6,015,000 1,339,000
Net cash provided by operating activities 31,155,000 28,559,000
Cash flows from investing activities:    
Net increase in loans (111,447,000) (274,628,000)
Net change in interest-bearing deposits 496,000 496,000
Proceeds from maturities of available for sale securities 18,852,000 10,540,000
Proceeds from sales of available for sale securities 11,750,000  
Net redemptions (purchases) of Federal Home Loan Bank stock 2,582,000 (1,121,000)
Net purchases of Federal Reserve Bank of St. Louis stock (4,000) (17,000)
Purchases of available-for-sale securities (26,893,000) (6,446,000)
Purchases of long-term investment (70,000) (75,000)
Purchases of premises and equipment (2,811,000) (1,582,000)
Investments in state & federal tax credits (6,275,000) (3,860,000)
Proceeds from sale of fixed assets   3,464,000
Proceeds from sale of foreclosed assets 961,000 400,000
Proceeds from BOLI claim   270,000
Net cash used in investing activities (112,859,000) (272,559,000)
Cash flows from financing activities:    
Net (decrease) increase in demand deposits and savings accounts (50,970,000) 50,894,000
Net increase in certificates of deposits 320,334,000 139,850,000
Proceeds from Federal Home Loan Bank advances 271,000,000 1,507,630,000
Repayments of Federal Home Loan Bank advances (291,526,000) (1,484,155,000)
Dividends paid on common stock (4,760,000) (3,876,000)
Net cash provided by financing activities 244,078,000 210,343,000
Increase (decrease) in cash and cash equivalents 162,374,000 (33,657,000)
Cash and cash equivalents at beginning of period 53,979,000 86,792,000
Cash and cash equivalents at end of period 216,353,000 53,135,000
Noncash investing and financing activities:    
Conversion of loans to foreclosed real estate 1,742,000 10,000
Conversion of loans to repossessed assets 137,000 41,000
Right of use assets obtained in exchange for lease obligations: Operating Leases 2,238,000 82,000
Cash paid during the period for:    
Interest (net of interest credited) 4,387,000 3,081,000
Income taxes $ 1,032,000 $ 1,662,000