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Holding Company Condensed Financial Information Holding Company Condensed Financial Information | 12 Months Ended
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Jun. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Holding Company Condensed Financial Information | Holding Company Condensed Financial Information This information should be read in conjunction with the other notes to the consolidated financial statements. The following is the condensed statements of financial condition for Provident Financial Holdings (Holding Company only) as of June 30, 2015 and 2014 and condensed statements of operations, comprehensive income and cash flows for the fiscal years ended June 30, 2015, 2014 and 2013. Immaterial restatement of prior year holding company condensed financial information: Subsequent to the issuance of the Corporation’s June 30, 2014 consolidated financial statements, management concluded that dividends received by the Holding Company from the Bank represent a return on investment rather than a return of investment and should be presented as cash from operating activities rather than cash from investing activities, to conform to ASC 230-10-45-16. The Corporation has determined that the restatement to correct for the error is immaterial to the financial statements for all respective prior periods. The impact of the restatement on the following line items within the condensed statements of operations is as follows for the years ended June 30, 2014 and 2013, respectively: (i) increase to dividend from Bank by $27.5 million and $10.0 million; and (ii) decrease to equity in undistributed earnings of the Bank by $27.5 million and $10.0 million. In addition, the impact of the restatement on the following line items within the condensed statements of cash flows is as follows for the years ended June 30, 2014 and 2013, respectively: (i) increase to equity in undistributed earnings of the Bank and to net cash flows from operating activities of $27.5 million and $10.0 million; and (ii) decrease to net cash flows from investing activities of $27.5 million and $10.0 million. Condensed Statements of Financial Condition
| June 30,
(In Thousands) | 2015 | 2014
Assets |  |
Cash and cash equivalents | $ | 14,829 |  | $ | 6,627 |
Investment in subsidiary | 126,348 |  | 139,252 |
Other assets | 20 |  | 19 |
| $ | 141,197 |  | $ | 145,898 |
Liabilities and Stockholders’ Equity |  |
Other liabilities | $ | 60 |  | $ | 36 |
Stockholders’ equity | 141,137 |  | 145,862 |
| $ | 141,197 |  | $ | 145,898 |
Condensed Statements of Operations
| Year Ended June 30,
(In Thousands) | 2015 | 2014 | 2013
Dividend from the Bank | $ | 25,000 |  | $ | 27,500 |  | $ | 10,000 |
Interest and other income | 57 |  | 20 |  | 9 |
Total income | 25,057 |  | 27,520 |  | 10,009 |
General and administrative expenses | 860 |  | 838 |  | 791 |
Earnings before income taxes and equity in undistributed earnings of the Bank | 24,197 |  | 26,682 |  | 9,218 |
Income tax benefit | (337 | ) | (337 | ) | (329 | )
Earnings before equity in undistributed earnings of the Bank | 24,534 |  | 27,019 |  | 9,547 |
Equity in undistributed earnings of the Bank | (14,731 | ) | (20,413 | ) | 16,250 |
Net income | $ | 9,803 |  | $ | 6,606 |  | $ | 25,797 |
Condensed Statements of Comprehensive Income
| Year Ended June 30,
(In Thousands) | 2015 | 2014 | 2013
Net income | $ | 9,803 |  | $ | 6,606 |  | $ | 25,797 |
Other comprehensive income | — |  | — |  | — |
Total comprehensive income | $ | 9,803 |  | $ | 6,606 |  | $ | 25,797 |
Condensed Statements of Cash Flows
| Year Ended June 30,
(In Thousands) | 2015 | 2014 | 2013
Cash flows from operating activities: |  |  |
Net income | $ | 9,803 |  | $ | 6,606 |  | $ | 25,797 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Equity in undistributed earnings of the Bank | 14,731 |  | 20,413 |  | (16,250 | )
(Increase) decrease in other assets | (1 | ) | 40 |  | 20 |
Increase (decrease) in other liabilities | 24 |  | (203 | ) | 201 |
Net cash provided by operating activities | 24,557 |  | 26,856 |  | 9,768 |
Cash flow from investing activities: |  |  |
Net cash provided by investing activities | — |  | — |  | — |
Cash flow from financing activities: |  |  |
Exercise of stock options | 380 |  | 385 |  | 296 |
Treasury stock purchases | (12,680 | ) | (17,182 | ) | (8,959 | )
Cash dividends | (4,055 | ) | (3,964 | ) | (2,541 | )
Net cash used for financing activities | (16,355 | ) | (20,761 | ) | (11,204 | )
Net increase (decrease) in cash and cash equivalents | 8,202 |  | 6,095 |  | (1,436 | )
Cash and cash equivalents at beginning of year | 6,627 |  | 532 |  | 1,968 |
Cash and cash equivalents at end of year | $ | 14,829 |  | $ | 6,627 |  | $ | 532 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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