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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Net Income $ 11,370 $ 11,146
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 1,126 1,017
Net accretion of premiums, discounts and loan fees and costs (3,045) (2,651)
Deferred income taxes and valuation allowance 1,365 1,006
Amortization of intangible assets 308 278
Amortization (accretion) of benefit plans’ unrecognized net gain 475 (47)
(Reversal of) provision for loan losses (782) 2,100
Loss on write-down and sales of other real estate owned   50
Loans originated for sale (56,826) (12,209)
Proceeds from sale of mortgage loans held-for-sale 59,203 11,683
Gain on sale of mortgage loans held-for-sale, net (605) (114)
Realized loss on sale and call of investment securities available for sale 14  
Proceeds from sale of SBA loans   215
Realized gain on sale of SBA loans   (18)
Realized loss (gain) on disposition of premises and equipment 106 (6)
Increase in cash surrender value of bank owned life insurance (1,580) (1,594)
ESOP, stock option plan and restricted stock plan expenses 2,095 2,224
Increase in interest receivable (33) (945)
(Increase) decrease in other assets (16,714) 2,737
(Decrease) increase in interest payable (664) 1,340
Increase (decrease) in other liabilities 15,135 (2,541)
Net Cash Provided by Operating Activities 10,948 13,671
Purchases of:    
Investment securities available for sale (8,198)  
Investment securities held to maturity   (38,376)
Proceeds from:    
Repayments/calls/maturities of investment securities available for sale 36,674 17,609
Repayments/calls/maturities of investment securities held to maturity   25,057
Sales of investment securities available for sale 3,646 0
Purchase of loans (7,567) (21,412)
Net decrease (increase) in loans receivable 84,804 (134,896)
Purchase of cash flow hedges (1,476)  
Additions to premises and equipment (977) (2,423)
Proceeds from cash settlement of premises and equipment   17
Purchase of FHLB stock   (9,000)
Redemption of FHLB stock 451 1,576
Net Cash Provided by (Used in) Investing Activities 107,357 (161,848)
Cash Flows from Financing Activities:    
Net increase (decrease) in deposits 49,978 (118,143)
Repayment of term FHLB advances (835,030) (585,028)
Proceeds from term FHLB advances 825,000 750,000
Net (decrease) increase in other short-term borrowings (31,271) 55,078
Net decrease in advance payments by borrowers for taxes (785) (7,401)
Repurchase and cancellation of common stock of Kearny Financial Corp. (30,582) (26,916)
Cancellation of shares repurchased on vesting to pay taxes (59)  
Dividends paid (5,186) (3,791)
Net Cash (Used in) Provided by Financing Activities (27,935) 63,799
Net Increase (Decrease) in Cash and Cash Equivalents 90,370 (84,378)
Cash and Cash Equivalents - Beginning 38,935 128,864
Cash and Cash Equivalents - Ending 129,305 44,486
Cash paid during the period for:    
Income taxes, net of refunds 2,429 (241)
Interest 23,876 $ 16,686
ASU 2019-04 [Member]    
Non-cash investing and financing activities:    
Debt securities transferred from held to maturity to available for sale 537,732  
ASU 2016-02 [Member]    
Non-cash investing and financing activities:    
Operating lease right-of-use assets 17,243  
Operating lease liabilities $ 17,758