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Provident Financial Holdings, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 1,594 $ 2,443
Adjustments to reconcile net income to net cash (used for) provided by operating activities:    
Depreciation and amortization 697 307
Recovery from the allowance for loan losses (150) (38)
Unrealized gain on real estate owned 100 (161)
Gain on sale of loans, net (7,996) (8,924)
Gain on sale of real estate owned, net (54) (30)
Stock-based compensation 702 289
(Benefit) provision for deferred income taxes 1,420 (632)
Tax effect from stock based compensation (187) (1)
Increase in accounts payable, accrued interest and other liabilities 1,327 1,617
Increase in prepaid expenses and other assets (361) 1,711
Loans originated for sale (647,342) (540,289)
Proceeds from sale of loans 579,698 613,940
Net cash (used for) provided by operating activities (70,552) 70,232
Cash flows from investing activities:    
(Increase) decrease in loans held for investment, net (15,097) 7,289
Principal payments from investment securities available for sale 4,048 650
Proceeds from sale of real estate owned 307 463
Purchase of premises and equipment (78) (71)
Net cash (used for) provided by investing activities (10,820) 8,331
Cash flows from financing activities:    
Increase in deposits, net 17,118 780
Proceeds from (Repayments of) Short-term Debt 35,000 0
Proceeds from Issuance of Long-term Debt 20,000 0
Repayments of long-term borrowings (18) (16)
Exercise of stock options 17 96
Tax effect from stock based compensation 187 1
Cash dividends (1,033) (1,032)
Treasury stock purchases (1,662) (3,649)
Net cash provided by (used for) financing activities 69,609 (3,820)
Net (decrease) increase in cash and cash equivalents (11,763) 74,743
Cash and cash equivalents at beginning of period 51,206 81,403
Cash and cash equivalents at end of period 39,443 156,146
Supplemental information:    
Cash paid for interest 1,671 1,788
Cash paid for income taxes 100 0
Transfer of loans held for sale to held for investment 760 1,552
Real estate acquired in the settlement of loans $ 1,298 $ 1,006