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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 6,630 $ 4,222
Adjustments to reconcile net income to net cash provided by operating activities :    
Depreciation and amortization 4,029 4,537
(Recovery) provision for loan losses (2,051) 59
Stock-based compensation 607 692
Provision (benefit) for deferred income taxes 834 (323)
(Decrease) increase in accounts payable, accrued interest and other liabilities (673) 98
Increase in prepaid expenses and other assets (2,021) (260)
Net cash provided by operating activities 7,355 9,025
Cash flows from investing activities:    
Net (increase) decrease in loans held for investment (42,111) 60,759
Purchase of investment securities - held to maturity (18,159) (158,983)
Maturity of investment securities - held to maturity 400 800
Principal payments from investment securities - held to maturity 44,205 35,905
Principal payments from investment securities - available for sale 597 882
Purchase of premises and equipment (113) (225)
Net cash used for investing activities (15,181) (60,862)
Cash flows from financing activities:    
Net increase in deposits 25,527 40,787
Repayments of long-term borrowings (20,983) (25,047)
Repayments of short-term borrowings, net 0 (5,000)
Treasury stock purchases (3,741) (948)
Proceeds from exercise of stock options 0 958
Withholding taxes on stock-based compensation 0 (194)
Cash dividends (3,126) (3,124)
Net cash (used for) provided by financing activities (2,323) 7,432
Net decrease in cash and cash equivalents (10,149) (44,405)
Cash and cash equivalents at beginning of period 70,270 116,034
Cash and cash equivalents at end of period 60,121 71,629
Supplemental information:    
Cash paid for interest 2,473 3,700
Cash paid for income taxes $ 2,025 $ 2,970