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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net income $ 29,591 $ 29,628
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (benefit) for credit losses 14,987 (4,005)
Depreciation and amortization of premises and equipment and equipment for operating leases 6,669 7,107
Deferred income tax (benefit) expense (559) 5,277
Net accretion of purchase accounting adjustments on loans (725) (1,283)
Net amortization and accretion 3,213 1,582
Loss (gain) from sale of premises and equipment (2,015) 87
Gain on sale of REO 78 7
Loss incurred at the end of operating leases 172 17
BOLI income (1,543) (1,500)
Gain on sale of loans held for sale (4,499) (10,927)
Origination of loans held for sale (196,695) (387,252)
Proceeds from sale of loans held for sale 178,007 402,161
New deferred loan origination fees, net (3,039) (640)
Decrease in accrued interest receivable and other assets (1,537) (3,612)
ESOP compensation expense 993 1,164
Share-based compensation expense 1,465 1,407
Decrease in other liabilities (3,656) (971)
Net cash provided by operating activities 20,907 38,247
Investing activities    
Purchases of debt securities available for sale (66,994) (9,762)
Proceeds from maturities, calls and paydowns of debt securities available for sale 49,221 55,600
Purchases of commercial paper (210,292) (463,446)
Proceeds from maturities and calls of commercial paper 406,269 340,999
Purchases of CDs in other banks (15,676) (996)
Proceeds from maturities of CDs in other banks 6,125 12,993
Net (purchases) redemptions of FHLB and FRB stock (8,674) 3,087
Net capital contributions in SBIC investments, at cost (862) (2,417)
Net (increase) decrease in loans (305,363) 39,394
Purchase of BOLI (62) (132)
Purchase of equipment for operating leases (5,337) (2,888)
Sale of equipment for operating leases 4,120 5,981
Purchase of premises and equipment (3,240) (6,043)
Proceeds from sale of premises and equipment and assets held for sale 7,534 2,322
Proceeds from sale of REO 1 181
Net cash received in merger 30,601 0
Net cash used in investing activities (112,629) (25,127)
Financing activities    
Net increase (decrease) in deposits 5,236 103,616
Net increase in revolving lines of credit 20,263 0
Net increase (decrease) in short-term borrowings 300,000 (115,000)
Proceeds from long-term borrowings 0 60,000
Repayment of long-term borrowings (24,728) (30,000)
Common stock repurchased 0 (32,318)
Cash dividends paid (4,542) (4,094)
Retired stock (344) (345)
Exercised stock options 5,131 6,081
Net cash provided by (used in) financing activities 301,016 (12,060)
Net increase (decrease) in cash and cash equivalents 209,294 1,060
Cash and cash equivalents at beginning of period 105,119 50,990
Cash and cash equivalents at end of period 314,413 52,050
Cash paid during the period for:    
Interest 12,854 4,080
Income taxes 5,931 269
Noncash transactions    
Unrealized loss in value of debt securities available for sale, net of income taxes (631) (2,911)
Transfer of loans held for sale to loans held for investment 14,298 19,032
Transfer of loans held for investment to loans held for sale 0 12,827
ROU asset and lease liabilities for operating lease accounting 2,108 1,186
Transfer of premises and equipment to assets held for sale (included in other assets) 0 3,229
Fair value of assets acquired 664,840 0
Fair value of liabilities assumed 609,938 0
Net assets acquired $ 54,902 $ 0