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Condensed Parent Company Only Financial Statements (Tables) | 12 Months Ended
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Jun. 30, 2020
Condensed Parent Company Only Financial Statements |
Parent Company Condensed Balance Sheets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | June 30,
Condensed Balance Sheets |  | (dollars in thousands) |  | 2020 |  | 2019
Assets |  |  |  | ​ |  |  | ​ |
Cash and cash equivalents |  |  | ​ | $ | 4,576 | ​ | $ | 8,149
Other assets |  |  | ​ |  | 13,823 | ​ |  | 13,438
Investment in common stock of Bank |  |  | ​ |  | 255,601 | ​ |  | 234,716
​ |  | TOTAL ASSETS | ​ | $ | 274,000 | ​ | $ | 256,303
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and Stockholders' Equity |  |  | ​ |  |  | ​ |  |
Accrued expenses and other liabilities |  |  | ​ | $ | 511 | ​ | $ | 2,868
Subordinated debt |  |  | ​ |  | 15,142 | ​ |  | 15,043
​ |  | TOTAL LIABILITIES | ​ |  | 15,653 | ​ |  | 17,911
Stockholders' equity |  |  | ​ |  | 258,347 | ​ |  | 238,392
​ |  | TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | ​ | $ | 274,000 | ​ | $ | 256,303
Parent Company Condensed Statements of Income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Year ended June 30,
Condensed Statements of Income |  | (dollars in thousands) |  | 2020 |  | 2019 |  | 2018
Interest income |  |  | ​ | $ | 27 | ​ | $ | 25 | ​ | $ | 20
Interest expense |  |  | ​ |  | 899 | ​ |  | 1,079 | ​ |  | 887
Net interest expense |  |  | ​ |  | (872) | ​ |  | (1,054) | ​ |  | (867)
Dividends from Bank |  |  | ​ |  | 34,000 | ​ |  | 23,000 | ​ |  | 6,000
Bargain purchase gain |  |  | ​ |  | 123 | ​ |  | — | ​ |  | —
Operating expenses |  |  | ​ |  | 1,529 | ​ |  | 827 | ​ |  | 940
Income before income taxes and equity in undistributed income of the Bank |  |  | ​ |  | 31,722 | ​ |  | 21,119 | ​ |  | 4,193
Income tax benefit |  |  | ​ |  | 292 | ​ |  | 358 | ​ |  | 437
Income before equity in undistributed income of the Bank |  |  | ​ |  | 32,014 | ​ |  | 21,477 | ​ |  | 4,630
Equity in undistributed income of the Bank |  |  | ​ |  | (4,469) | ​ |  | 7,427 | ​ |  | 16,299
​ |  | NET INCOME | ​ | $ | 27,545 | ​ | $ | 28,904 | ​ | $ | 20,929
​ |  | COMPREHENSIVE INCOME | ​ | $ | 30,745 | ​ | $ | 32,496 | ​ | $ | 18,057
Parent Company Condensed Statements of Cash Flows | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Year ended June 30,
Condensed Statements of Cash Flow |  | (dollars in thousands) |  | 2020 |  | 2019 |  | 2018
Cash Flows from operating activities: |  |  | ​ |  |  | ​ |  |  | ​ |  |
Net income |  |  | ​ | $ | 27,545 | ​ | $ | 28,904 | ​ | $ | 20,929
Changes in: |  |  | ​ |  |  | ​ |  |  | ​ |  |
Equity in undistributed income of the Bank |  |  | ​ |  | 4,469 | ​ |  | (7,427) | ​ |  | (16,299)
Other adjustments, net |  |  | ​ |  | (904) | ​ |  | (635) | ​ |  | 40
​ |  | NET CASH PROVIDED BY OPERATING ACTIVITES | ​ |  | 31,110 | ​ |  | 20,842 | ​ |  | 4,670
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investments in Bank subsidiaries |  |  | ​ |  | (20,463) | ​ |  | (10,747) | ​ |  | (3,488)
​ |  | NET CASH USED IN INVESTING ACTIVITIES | ​ |  | (20,463) | ​ |  | (10,747) | ​ |  | (3,488)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from financing activities: |  |  | ​ |  |  | ​ |  |  | ​ |  |
Dividends on common stock |  |  | ​ |  | (5,513) | ​ |  | (4,763) | ​ |  | (3,827)
Exercise of stock options |  |  | ​ |  | 64 | ​ |  | — | ​ |  | 172
Payments to acquire treasury stock |  |  | ​ |  | (5,771) | ​ |  | (1,166) | ​ |  | —
Repayments of long term debt |  |  | ​ |  | (3,000) | ​ |  | (4,400) | ​ |  | —
​ |  | NET CASH USED IN FINANCING ACTIVITIES | ​ |  | (14,220) | ​ |  | (10,329) | ​ |  | (3,655)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net decrease in cash and cash equivalents |  |  | ​ |  | (3,573) | ​ |  | (234) | ​ |  | (2,473)
Cash and cash equivalents at beginning of year |  |  | ​ |  | 8,149 | ​ |  | 8,383 | ​ |  | 10,856
​ |  | CASH AND CASH EQUIVALENTS AT END OF YEAR | ​ | $ | 4,576 | ​ | $ | 8,149 | ​ | $ | 8,383

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