v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities:    
Net income $ 29,092 $ 19,306
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 3,024 3,307
Net accretion of yield adjustments (558) (1,107)
Deferred income taxes 1,585 13
Realized mark to market gain on hedge (63) 0
Amortization of intangible assets 355 377
Net change in benefit plan accrued expense (107) 61
Provision for credit losses 876 581
Loans originated for sale (92,354) (81,447)
Proceeds from sale of mortgage loans held-for-sale 86,718 81,912
Gain on sale of mortgage loans held-for-sale, net (616) (616)
Realized (gain) loss on disposition of premises and equipment (1,753) 22
Increase in cash surrender value of bank owned life insurance (8,045) (7,756)
ESOP and stock-based compensation expense 2,772 2,261
(Increase) decrease in interest receivable (206) 1,000
Decrease in other assets 7,215 5,001
Decrease in interest payable (1,577) (3,980)
Decrease in other liabilities (2,616) (2,252)
Net Cash Provided by Operating Activities 23,742 16,683
Purchases of:    
Investment securities available for sale (198,073) (58,852)
Investment securities available for sale (180) (240)
Proceeds from:    
Repayments/calls/maturities of investment securities available for sale 243,190 146,788
Proceeds from sales of securities 9,723 11,025
Purchase of loans (104,959) (730)
Net decrease (increase) in loans receivable 136,000 (101,897)
Purchase of interest rate contracts (1,274) (2,729)
Additions to premises and equipment (1,039) (2,597)
Proceeds from death benefit of bank owned life insurance 935 2,001
Proceeds from cash settlement of premises and equipment 3,932 16
Purchase of FHLB stock (29,344) (38,511)
Redemption of FHLB stock 37,868 56,550
Net Cash Provided by Investing Activities 96,779 10,824
Cash Flows from Financing Activities:    
Net increase in deposits 53,867 549,240
Repayment of term FHLB advances (2,701,500) (3,161,000)
Proceeds from term FHLB advances and other borrowings 2,495,000 2,755,000
Net increase (decrease) in other short-term borrowings 10,000 (90,000)
Net increase in advance payments by borrowers for taxes 0 2,572
Cancellation of shares repurchased on vesting to pay taxes (415) (349)
Dividends paid (20,906) (20,739)
Net Cash (Used in) Provided by Financing Activities (163,954) 34,724
Net (Decrease) Increase in Cash and Cash Equivalents (43,433) 62,231
Cash and Cash Equivalents - Beginning 167,269 63,864
Cash and Cash Equivalents - Ending 123,836 126,095
Supplemental Disclosures of Cash Flows Information:    
Income taxes, net of refunds 6,292 3,517
Interest 128,997 148,951
Non-cash investing and financing activities:    
Transfer of premises to held-for-sale $ 283 $ 0