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Parent Company Only Condensed Financial Information (Tables)
12 Months Ended
Jun. 30, 2022
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheet
Condensed Balance Sheets
June 30,
2022
2021
Assets
Cash and cash equivalents$6,852 $9,602 
REO— 143 
Investment in bank subsidiary374,648 378,966 
ESOP loan receivable6,154 6,665 
Other assets1,252 1,241 
Total assets$388,906 $396,617 
Liabilities and stockholders’ equity
Other liabilities$61 $98 
Stockholders’ equity388,845 396,519 
Total liabilities and stockholders’ equity$388,906 $396,617 
Condensed Income Statement
Condensed Statements of Income
Year Ended June 30,
2022
2021
2020
Income
Interest income$149 $158 $217 
Equity in undistributed bank subsidiary income36,281 16,246 23,522 
Other— — 
Total income36,430 16,404 23,740 
Expense
Management fee expense516 474 399 
REO related expense, net(3)— 254 
Recovery of loan losses— — (4)
Other264 255 258 
Total expense777 729 907 
Income before income taxes35,653 15,675 22,833 
Income tax expense— — 50 
Net income$35,653 $15,675 $22,783 
Condensed Cash Flow Statement
Condensed Statement of Cash Flows
Year Ended June 30,
2022
2021
2020
Operating activities
Net income$35,653 $15,675 $22,783 
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (benefit) for credit losses— — (4)
(Gain) loss on sale of REO(3)— 249 
Increase in other assets(11)(435)(221)
Equity in undistributed bank subsidiary income(36,281)(16,246)(23,522)
ESOP compensation expense1,502 1,125 1,195 
Share-based compensation expense2,152 2,102 1,822 
Increase (decrease) in other liabilities(37)(61)45 
Net cash provided by operating activities2,975 2,160 2,347 
Investing activities
Proceeds from maturities of CDs in other banks— — 746 
Decrease in loans— — 1,243 
Increase in investment in bank subsidiary(1,707)(1,330)(1,380)
Dividends from bank subsidiary38,389 21,416 19,445 
ESOP principal payments received511 253 494 
Proceeds from sale of REO146 — 229 
Net cash provided by investing activities37,339 20,339 20,777 
Financing activities
Common stock repurchased(43,348)(16,155)(24,484)
Cash dividends paid(5,452)(5,018)(4,552)
Retired stock(345)(204)(222)
Exercised stock options6,081 4,592 1,541 
Net cash used in financing activities(43,064)(16,785)(27,717)
Net increase (decrease) in cash and cash equivalents(2,750)5,714 (4,593)
Cash and cash equivalents at beginning of period9,602 3,888 8,481 
Cash and cash equivalents at end of period$6,852 $9,602 $3,888