| Holding Company Condensed Financial Information |
Note 18: Holding Company Condensed Financial Information This information should be read in conjunction with the other notes to the consolidated financial statements. The following is the Condensed Statements of Financial Condition for Provident Financial Holdings (Holding Company only) as of June 30, 2026 and 2025 and Condensed Statements of Operations and Cash Flows for the fiscal years ended June 30, 2026 and 2025. Condensed Statements of Financial Condition | | | | | | | | | June 30, | (In Thousands) | | 2026 | | 2025 | | | | | | | | Assets | | | | | | | Cash and cash equivalents | | $ | 3,492 | | $ | 3,367 | Investment in subsidiary | | | 122,774 | | | 125,226 | Other assets | | | 72 | | | 65 | | | $ | 126,338 | | $ | 128,658 | | | | | | | | Liabilities and Stockholders’ Equity | | | | | | | Other liabilities | | $ | 118 | | $ | 113 | Stockholders’ equity | | | 126,220 | | | 128,545 | | | $ | 126,338 | | $ | 128,658 |
Condensed Statements of Operations | | | | | | | | | Year Ended June 30, | (In Thousands) | | 2026 | | 2025 | | | | | | | | Dividend from the Bank | | $ | 10,500 | | $ | 9,000 | Interest and other income | | | 3 | | | 2 | Total income | | | 10,503 | | | 9,002 | | | | | | | | General and administrative expenses | | | 1,136 | | | 1,147 | Earnings before income taxes and equity in undistributed earnings of the Bank | | | 9,367 | | | 7,855 | | | | | | | | Income tax benefit | | | (335) | | | (338) | Earnings before equity in undistributed earnings of the Bank | | | 9,702 | | | 8,193 | | | | | | | | Equity in undistributed earnings of the Bank | | | (3,047) | | | (1,938) | Net income | | $ | 6,655 | | $ | 6,255 |
Condensed Statements of Cash Flows | | | | | | | | | Year Ended June 30, | (In Thousands) | | 2026 | | 2025 | | | | | | | | Cash flow from operating activities: | | | | | | | Net income | | $ | 6,655 | | $ | 6,255 | Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | Equity in undistributed earnings of the Bank | | | 3,047 | | | 1,938 | Increase in other assets | | | (7) | | | (1) | Increase in other liabilities | | | 5 | | | 4 | Net cash provided by operating activities | | | 9,700 | | | 8,196 | | | | | | | | Cash flow from financing activities: | | | | | | | Treasury stock purchases | | | (5,983) | | | (4,448) | Cash dividends | | | (3,592) | | | (3,766) | Net cash used for financing activities | | | (9,575) | | | (8,214) | Net increase (decrease) in cash during the year | | | 125 | | | (18) | Cash and cash equivalents at beginning of year | | | 3,367 | | | 3,385 | Cash and cash equivalents at end of year | | $ | 3,492 | | $ | 3,367 |
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