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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 7,561 $ 7,689
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,266 3,391
(Recovery) provision from loan losses (708) 1,119
Stock-based compensation 1,303 954
Provision for deferred income taxes 481 552
Decrease in accounts payable, accrued interest and other liabilities (658) (2,954)
Increase in prepaid expenses and other assets (2,672) (2,797)
Net cash provided by operating activities 11,573 7,954
Cash flows from investing activities:    
Decrease (increase) in loans held for investment, net 50,088 (25,108)
Purchase of investment securities - held to maturity (158,984) (56,262)
Maturity of investment securities - held to maturity 800 400
Principal payments from investment securities - held to maturity 51,544 30,890
Principal payments from investment securities - available for sale 1,090 1,173
Purchase of FHLB - San Francisco stock (185)  
Proceeds from redemption of FHLB - San Francisco stock   229
Purchase of premises and equipment (225) (229)
Net cash used for investing activities (55,872) (48,907)
Cash flows from financing activities:    
Increase in deposits, net 45,004 51,698
Proceeds from long-term borrowings   30,007
Repayments of long-term borrowings (35,064) (67)
(Repayment of) proceeds from short-term borrowings, net (5,000) 10,000
Treasury stock purchases (2,336) (1,283)
Proceeds from exercise of stock options 981 215
Withholding taxes on stock-based compensation (877) (32)
Cash dividends (4,173) (4,183)
Net cash (used for) provided by financing activities (1,465) 86,355
Net (decrease) increase in cash and cash equivalents (45,764) 45,402
Cash and cash equivalents at beginning of year 116,034 70,632
Cash and cash equivalents at end of year 70,270 116,034
Supplemental information:    
Cash paid for interest 4,660 6,056
Cash paid for income taxes $ 3,320 775
Transfer of loans held for sale to held for investment   $ 1,085