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Provident Financial Holdings, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
3 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 2,318$ 4,529
Adjustments to reconcile net income to net cash used for operating activities:  
Depreciation and amortization452360
Provision for loan losses972877
Provision for losses on real estate owned105230
Gain on sale of loans, net(7,276)(9,447)
Net realized gain on sale of real estate owned(361)(391)
Stock-based compensation expense589238
ESOP expense 84
Decrease in current and deferred income taxes1,7213,422
Increase in cash surrender value of bank owned life insurance(48)(51)
Increase in accounts payable, accrued interest and other liabilities1,7511,454
(Increase) decrease in prepaid expenses and other assets(2,095)780
Loans originated for sale(568,060)(649,471)
Proceeds from sale of loans488,657596,493
Net cash used for operating activities(81,275)(50,893)
Cash flows from investing activities:  
Net decrease in loans held for investment17,23426,185
Principal payments from investment securities available for sale898[1]2,022[1]
Proceeds from redemption of FHLB - San Francisco stock1,1991,224
Proceeds from sales of real estate owned4,7938,626
Purchase of premises and equipment(329)(125)
Net cash provided by investing activities23,79537,932
Cash flows from financing activities:  
Increase (decrease) in deposits, net16,109(685)
Repayments of long-term borrowings(20,012)(15,012)
ESOP loan payment 1
Cash dividends paid(345)(114)
Treasury Stock purchases(666) 
Net cash used for financing activities(4,914)(15,810)
Net decrease in cash and cash equivalents(62,394)(28,771)
Cash and cash equivalents at beginning of year142,55096,201
Cash and cash equivalents at end of year80,15667,430
Supplemental information:  
Cash paid for interest4,3016,134
Cash paid for income taxes 100
Transfer of loans held for sale to loans held for investment856 
Real estate acquired in the settlement of loans$ 5,682$ 14,975
[1]Includes Mortgage Backed Securities held for sale.