XML 18 R8.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 6,784 $ 6,630
Adjustments to reconcile net income to net cash provided by operating activities :    
Depreciation and amortization 2,412 4,029
Provision (recovery) for loan losses 430 (2,051)
Stock-based compensation 660 607
Provision for deferred income taxes 824 834
Decrease in accounts payable, accrued interest and other liabilities (151) (673)
Decrease (increase) in prepaid expenses and other assets 879 (2,021)
Net cash provided by operating activities 11,838 7,355
Cash flows from investing activities:    
Net increase in loans held for investment (138,869) (42,111)
Purchase of investment securities - held to maturity 0 (18,159)
Maturity of investment securities - held to maturity 400 400
Principal payments from investment securities - held to maturity 23,386 44,205
Principal payments from investment securities - available for sale 387 597
Purchase of premises and equipment (730) (113)
Net cash used for investing activities (115,426) (15,181)
Cash flows from financing activities:    
Net increase in deposits 27,542 25,527
Proceeds from long-term borrowings 35,000 0
Repayments of long-term borrowings (20,000) (20,983)
Proceeds from short-term borrowings, net 105,010 0
Treasury stock purchases (3,592) (3,741)
Cash dividends (3,015) (3,126)
Net cash provided by (used for) financing activities 140,945 (2,323)
Net increase (decrease) in cash and cash equivalents 37,357 (10,149)
Cash and cash equivalents at beginning of period 23,414 70,270
Cash and cash equivalents at end of period 60,771 60,121
Supplemental information:    
Cash paid for interest 4,422 2,473
Cash paid for income taxes $ 2,000 $ 2,025