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Provident Financial Holdings, Inc. Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:      
Net income $ 7,474 $ 9,803 $ 6,606
Adjustments to reconcile net income to net cash provided by (used for) operating activities:      
Depreciation and amortization 1,909 1,857 1,658
Recovery from the allowance for loan losses (1,715) (1,387) (3,380)
Recovery of losses on real estate owned (60) (10) (25)
Gain on sale of loans, net (31,521) (34,210) (25,799)
Gain on sale of real estate owned, net (52) (468) (288)
Stock-based compensation 1,098 1,485 526
Provision (benefit) for deferred income taxes 217 35 (1,041)
Tax effect from stock-based compensation (222) (397) 315
(Decrease) increase in accounts payable, accrued interest and other liabilities (476) 203 (2,110)
Decrease in prepaid expenses and other assets 137 966 149
Loans originated for sale (1,962,869) (2,480,715) (1,967,622)
Proceeds from sale of loans 2,033,815 2,445,063 2,039,528
Net cash provided by (used for) operating activities 47,735 (57,775) 48,517
Cash flows from investing activities:      
Increase in loans held for investment, net (32,123) (43,702) (25,911)
Payments to Acquire Investments (41,683) (200) (800)
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities 0 200 0
Payments to Acquire Investment Securities Held-for-sale 0 (250) 0
Principal payments from investment securities 4,828 2,338 2,910
Payments to Acquire Federal Home Loan Bank Stock 0 (1,038) 0
Redemption of FHLB – San Francisco stock 0 0 8,217
Proceeds from sale of real estate owned 6,573 3,075 4,156
Purchase of premises and equipment (1,517) (376) (715)
Net cash used for investing activities (63,922) (39,953) (12,143)
Cash flows from financing activities:      
Increase (decrease) in deposits, net 2,298 26,216 (25,140)
Proceeds from long-term borrowings 0 50,000 0
Repayments of long-term borrowings (68) (64) (65,060)
Treasury stock purchases (13,038) (12,680) (17,182)
Proceeds from exercise of stock options 590 380 385
Tax effect from stock-based compensation 222 397 (315)
Cash dividends (4,014) (4,055) (3,964)
Net cash (used for) provided by financing activities (14,010) 60,194 (111,276)
Net decrease in cash and cash equivalents (30,197) (37,534) (74,902)
Cash and cash equivalents at beginning of year 81,403 118,937 193,839
Cash and cash equivalents at end of year 51,206 81,403 118,937
Supplemental information:      
Cash paid for interest 6,985 6,291 7,712
Cash paid for income taxes 3,845 5,675 6,216
Transfer of loans held for sale to held for investment 4,889 4,534 4,299
Real estate acquired in the settlement of loans $ 6,347 $ 3,044 $ 4,810