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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 4,222 $ 6,105
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,537 2,347
Provision for loan losses 59 671
Stock-based compensation 692 717
(Benefit) provision for deferred income taxes (323) 881
Increase (decrease) in accounts payable, accrued interest and other liabilities 98 (4,291)
Increase in prepaid expenses and other assets (260) (2,524)
Net cash provided by operating activities 9,025 3,906
Cash flows from investing activities:    
Decrease (increase) in loans held for investment, net 60,759 (35,676)
Maturity of investment securities held to maturity 800  
Principal payments from investment securities held to maturity 35,905 24,283
Principal payments from investment securities available for sale 882 1,010
Purchase of investment securities held to maturity (158,983)  
Purchase of premises and equipment (225) (185)
Net cash used for investing activities (60,862) (10,568)
Cash flows from financing activities:    
Increase (decrease) in deposits, net 40,787 (5,440)
Repayments of short-term borrowings, net (5,000)  
Repayments of long-term borrowings (25,047) (44)
Proceeds from long-term borrowings   30,007
Exercise of stock options 958 215
Withholding taxes on stock-based compensation (194) (32)
Cash dividends (3,124) (3,142)
Treasury stock purchases (948) (1,284)
Net cash provided by financing activities 7,432 20,280
Net (decrease) increase in cash and cash equivalents (44,405) 13,618
Cash and cash equivalents at beginning of period 116,034 70,632
Cash and cash equivalents at end of period 71,629 84,250
Supplemental information:    
Cash paid for interest 3,700 4,625
Cash paid for income taxes $ 2,970 775
Transfer of loans held for sale to held for investment   $ 1,085