v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net Income $ 31,138 $ 24,769
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 1,065 928
Deferred income tax benefit (706) (74)
Net (accretion) amortization of investment premiums and discounts (301) 297
Net amortization of deferred loan costs and fees 383 392
Amortization of subordinated debt issuance costs 186 186
Provision for credit losses 1,316 766
Bank-owned life insurance income (2,545) (2,183)
Loss on sale of securities available-for-sale 665 0
Net gain on equity securities (74) (22)
Net gain on sale of foreclosed real estate 0 (60)
Net increase in accrued income taxes 434 322
Net increase in accrued interest receivable (2,112) (2,020)
Net increase in prepaid expenses and other assets (4,075) (430)
Net increase in accrued expenses and other liabilities 2,604 2,037
Net cash provided by operating activities 27,978 24,908
Securities available-for-sale:    
Proceeds from maturities 209,744 182,232
Proceeds from sale of securities 6,676 0
Purchases of securities (271,781) (279,953)
Proceeds from principal payments on securities 57,430 31,162
Securities held-to-maturity:    
Proceeds from maturities 58,204 68,423
Purchases of securities (172,377) (49,633)
Proceeds from principal payments on securities 28,102 15,987
Net redemption (purchase) of Federal Home Loan Bank Stock 1,792 (5,614)
Maturity of long-term certificate of deposit 1,400 1,730
Surrender of bank owned life insurance 0 23,100
Purchase of bank owned life insurance 0 (23,104)
Net increase in loans receivable (128,665) (92,421)
Proceeds from sale of foreclosed real estate 0 362
Purchases of premises and equipment (691) (1,506)
Net cash used in investing activities (210,166) (129,235)
Cash flows from financing activities:    
Net (decrease) increase in short-term borrowings (41,300) 115,300
Proceeds from long-term borrowings 4,189 34,156
Repayment of long-term borrowings (34,156) 0
Payment of cash dividends (4,475) (3,240)
Net increase (decrease) in deposits 250,613 (47,939)
Net cash provided by financing activities 174,871 98,277
Net decrease in cash and cash equivalents (7,317) (6,050)
Cash and cash equivalents at beginning of year 190,395 196,445
Cash and cash equivalents at end of year 183,078 190,395
Cash paid during period for:    
Interest 57,864 52,070
Income taxes $ 1,168 $ 1,802