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Provident Financial Holdings, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 4,243 $ 4,919
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,948 1,332
Recovery from the allowance for loan losses (665) (1,094)
Unrealized gain on real estate owned 145 (80)
Gain on sale of loans, net (19,869) [1] (22,113) [2]
Gain on sale of real estate owned, net (84) (12)
Stock-based compensation 1,231 840
(Benefit) provision for deferred income taxes 1,335 (188)
Tax effect from stock based compensation (14) (212)
Increase in accounts payable, accrued interest and other liabilities 1,006 420
Increase in prepaid expenses and other assets (572) (701)
Loans originated for sale (1,507,162) (1,405,671)
Proceeds from sale of loans 1,609,636 1,471,958
Net cash provided by operating activities 91,178 49,398
Cash flows from investing activities:    
(Increase) decrease in loans held for investment, net (42,052) 3,015
Proceeds from Sale and Maturity of Held-to-maturity Securities 9,398 513
Proceeds from Sale of Mortgage Backed Securities (MBS) categorized as Available-for-sale 1,434 1,896
Purchase of investment securities held to maturity 10,970 20,769
Proceeds from sale of real estate owned 1,497 4,971
Purchase of premises and equipment (991) (698)
Net cash used for investing activities (41,684) (11,072)
Cash flows from financing activities:    
Increase in deposits, net 11,922 2,979
Proceeds from Issuance of Long-term Debt 20,000 0
Repayments of long-term borrowings (55) (50)
Exercise of stock options 809 569
Tax effect from stock based compensation 14 212
Cash dividends (3,093) (3,041)
Treasury stock purchases (4,999) (8,917)
Net cash provided by (used for) financing activities 24,598 (8,248)
Net increase in cash and cash equivalents 74,092 30,078
Cash and cash equivalents at beginning of period 51,206 81,403
Cash and cash equivalents at end of period 125,298 111,481
Supplemental information:    
Cash paid for interest 5,043 5,306
Cash paid for income taxes 2,384 3,845
Transfer of loans held for sale to held for investment 2,280 3,758
Real estate acquired in the settlement of loans $ 1,845 $ 5,083
[1] Includes an inter-company charge of $216 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 $352 credited to PBM by the Bank during the period to compensate PBM for servicing fees on loans sold on a servicing retained basis.