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Provident Financial Holdings, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net income $ 3,098 $ 3,425
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,334 861
Recovery from the allowance for loan losses (500) (400)
Unrealized gain on real estate owned 76 (97)
Gain on sale of loans, net (14,474) [1] (14,968) [2]
Gain on sale of real estate owned, net (33) (187)
Stock-based compensation 977 549
(Benefit) provision for deferred income taxes 1,504 (646)
Tax effect from stock based compensation (179) (15)
Increase (decrease) in accounts payable, accrued interest and other liabilities 2,940 (182)
Increase in prepaid expenses and other assets (497) (418)
Loans originated for sale (1,189,253) (1,012,792)
Proceeds from sale of loans 1,230,321 1,079,764
Net cash provided by operating activities 35,314 54,894
Cash flows from investing activities:    
Increase in loans held for investment, net (29,008) (4,980)
Principal payments from investment securities available for sale 7,296 1,347
Purchase of investment securities held to maturity 0 10,166
Proceeds from sale of real estate owned 857 2,592
Purchase of premises and equipment (185) (200)
Net cash used for by investing activities (21,040) (11,407)
Cash flows from financing activities:    
Increase (decrease) in deposits, net 2,289 (6,337)
Proceeds from Issuance of Long-term Debt 20,000 0
Repayments of long-term borrowings (36) (33)
Exercise of stock options 285 148
Tax effect from stock based compensation 179 15
Cash dividends (2,065) (2,041)
Treasury stock purchases (3,321) (5,283)
Net cash provided by (used for) financing activities 17,331 (13,531)
Net increase in cash and cash equivalents 31,605 29,956
Cash and cash equivalents at beginning of period 51,206 81,403
Cash and cash equivalents at end of period 82,811 111,359
Supplemental information:    
Cash paid for interest 3,411 3,581
Cash paid for income taxes 1,934 3,045
Transfer of loans held for sale to held for investment 1,584 2,083
Real estate acquired in the settlement of loans $ 1,298 $ 4,231
[1] Includes an inter-company charge of $168 credited to PBM by the Bank during the period to compensate PBM for servicing fees on loans sold on a servicing retained basis.
[2] Includes an inter-company charge of $299 credited to PBM by the Bank during the period to compensate PBM for servicing fees on loans sold on a servicing retained basis.