v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows From Operating Activities:    
Net Income $ 51,560 $ 42,792
Items not requiring (providing) cash:    
Depreciation 4,907 4,866
Loss on disposal of fixed assets   72
Stock option and stock grant expense 1,306 1,570
Loss (gain) on sale/write-down of foreclosed property 77 (29)
Amortization of intangible assets 2,374 2,683
Accretion of purchase accounting adjustments (1,824) (3,348)
Increase in cash surrender value of bank owned life insurance (BOLI) (1,777) (1,551)
Provision for credit losses 8,260 4,023
Gain realized on sale of AFS securities   (48)
Net amortization of premiums and discounts on securities (616) (1,161)
Originations of loans held for sale (22,028) (14,131)
Proceeds from sales of loans held for sale 21,994 14,815
Gain on sales of loans held for sale (568) (608)
Gain on sale of investment tax credit (305)  
Changes in:    
Accrued interest receivable (2,075) (1,957)
Prepaid expenses and other assets 879 465
Accounts payable and other liabilities 5,840 8,647
Deferred income taxes 1,082  
Accrued interest payable (2,538) (2,866)
Net cash provided by operating activities 66,548 54,234
Cash Flows From Investing Activities:    
Net increase in loans (225,582) (172,472)
Net change in interest-bearing deposits   248
Proceeds from maturities of available for sale securities 56,194 49,902
Proceeds from sales of available for sale securities   72
Purchases of Federal Home Loan Bank stock (1,979) (444)
Redemptions of Federal Home Loan Bank stock 1,626  
Purchases of Federal Reserve Bank of St. Louis stock (10) (23)
Purchases of available-for-sale securities (30,890) (79,352)
Purchases of long-term investments and other assets (150) (362)
Redemptions of long-term investments and other assets 432  
Purchases of premises and equipment (2,454) (4,787)
Investments in state & federal tax credits (3,957) (1,934)
Proceeds from sale of foreclosed assets 564 2,785
Proceeds from sale of investment tax credits 315  
Proceeds from BOLI claim 317  
Net cash used in investing activities (205,574) (206,367)
Cash Flows From Financing Activities:    
Net increase in demand deposits and savings accounts 94,442 47,076
Net (decrease) increase in certificates of deposits (34,840) 271,265
Net increase in securities sold under agreements to repurchase 5,000 5,602
Proceeds from Federal Home Loan Bank advances 35,200 260,000
Repayments of Federal Home Loan Bank advances (34,241) (258,040)
Exercise of stock options 316  
Purchases of treasury stock (18,285)  
Dividends paid on common stock (8,387) (7,783)
Net cash provided by financing activities 39,205 318,120
(Decrease) increase in cash and cash equivalents (99,821) 165,987
Cash and cash equivalents at beginning of period 192,859 60,904
Cash and cash equivalents at end of period 93,038 226,891
Noncash investing and financing activities:    
Conversion of loans to foreclosed real estate 1,618 625
Conversion of loans to repossessed assets 165 74
Right of use (ROU) assets obtained in exchange for lease obligations: Operating Leases 163  
Investment tax credits obtained in exchange for delayed capital contributions 28,582  
Investment tax credits obtained in exchange for settlement of loans 500  
Investment tax credits cancelled in exchange for sale of membership interest 4,855  
Cash paid during the period for:    
Interest (net of interest credited) 5,585 5,978
Income taxes $ 7,989 $ 4,889