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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Sep. 30, 2018
Cash flows from operating activities:      
Net income $ 7,281 $ 7,812  
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 324 795  
Net amortization of securities 693 1,059  
Change in unamortized net loan costs and premiums (85) 368  
Premises and equipment depreciation 952 841  
Stock-based compensation expense 90 379  
Accretion of purchase accounting entries, net (886) (704)  
Amortization of other intangibles 207 207  
Income from cash surrender value of bank-owned life insurance policies (542) (446)  
Net change in other assets and liabilities (3,757) (1,444)  
Net cash provided by operating activities 4,277 8,867  
Cash flows from investing activities:      
Proceeds from maturities, calls and prepayments of securities available for sale 21,709 23,350  
Purchases of securities available for sale (35,290) (36,428)  
Net change in loans (36,209) 21,033  
Purchase of Federal Home Loan Bank stock (5,567) 0  
Proceeds from sale of Federal Home Loan Bank stock 6,119 0  
Purchase of premises and equipment, net (1,809) (1,595)  
Net cash (used in) provided by investing activities (51,047) 6,360  
Cash flows from financing activities:      
Net decrease in deposits (17,260) (10,740)  
Net change in short-term advances from the Federal Home Loan Bank 43,951 (50,511)  
Net change in long-term advances from the Federal Home Loan Bank (19,940) 6,021  
Net change in short-term other borrowings (1,531) 0  
Purchase of treasury stock (4) (15)  
Cash dividends paid on common stock (3,105) (2,884)  
Net cash provided by (used in) financing activities 2,119 (58,099)  
Net change in cash and cash equivalents (44,651) (42,872)  
Cash and cash equivalents at beginning of year 98,754 90,685 $ 90,685
Cash and cash equivalents at end of year 54,103 47,813  
Supplemental cash flow information:      
Interest paid 11,490 7,740  
Income taxes paid, net $ 1,506 45  
Other non-cash changes:      
Real estate owned acquired in settlement of loans   $ 94 $ 0