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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:    
Net Income $ 18,486 $ 38,484
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 2,931 2,999
Net accretion of yield adjustments (3,352) (3,108)
Deferred income taxes 3,536 5,484
Amortization of intangible assets 288 361
(Accretion) amortization of benefit plans’ unrecognized net (gain) loss (39) 39
Provision for (reversal of) credit losses 2,341 (7,820)
Loans originated for sale (56,456) (127,458)
Proceeds from sale of mortgage loans held-for-sale 75,492 133,285
Gain on sale of mortgage loans held-for-sale, net (474) (1,884)
Realized loss (gain) on sale/call of investment securities available for sale 15,227 (1)
Realized gain on sale of loans receivable (55) (92)
Realized gain on disposition of premises and equipment (2,886) (356)
Increase in cash surrender value of bank owned life insurance (5,459) (3,123)
ESOP and stock-based compensation expense 2,675 3,720
(Increase) decrease in interest receivable (6,902) 867
(Increase) decrease in other assets (5,511) 4,391
Increase in interest payable 6,268 50
Decrease in other liabilities (10,053) (19,319)
Net Cash Provided by Operating Activities 36,057 26,519
Purchases of:    
Investment securities available for sale (166,483) (140,550)
Investment securities held to maturity (40,398) (16,162)
Proceeds from:    
Repayments/calls/maturities of investment securities available for sale 70,793 209,742
Repayments/calls/maturities of investment securities held to maturity 4,855 1,086
Proceeds from sales of securities 105,199 0
Purchase of loans (656) (72,345)
Net (increase) decrease in loans receivable (583,893) 98,554
Proceeds from sale of loans receivable 706 1,126
Purchase of interest rate contracts (758) 0
Additions to premises and equipment (668) (728)
Proceeds from death benefit of bank owned life insurance 4,963 0
Proceeds from cash settlement of premises and equipment 3,480 599
Purchase of FHLB stock (64,638) (7)
Redemption of FHLB stock 42,760 0
Net Cash (Used in) Provided by Investing Activities (624,738) 81,315
Cash Flows from Financing Activities:    
Net increase (decrease) in deposits 109,294 (30,866)
Repayment of term FHLB advances (2,865,000) (780,000)
Proceeds from term FHLB advances 3,470,000 780,000
Net decrease in other short-term borrowings (123,000) 0
Net increase in advance payments by borrowers for taxes 561 1,020
Repurchase and cancellation of common stock of Kearny Financial Corp. (14,438) (68,998)
Cancellation of shares repurchased on vesting to pay taxes (341) (808)
Dividends paid (14,350) (15,585)
Net Cash Provided by (Used in) Financing Activities 562,726 (115,237)
Net Decrease in Cash and Cash Equivalents (25,955) (7,403)
Cash and Cash Equivalents - Beginning 101,615 67,855
Cash and Cash Equivalents - Ending 75,660 60,452
Cash paid during the period for:    
Income taxes, net of refunds 8,318 9,631
Interest 37,279 14,791
Non-cash investing and financing activities:    
Acquisition of other real estate owned in settlement of loans 13,232 480
Transfers from loans receivable to loans receivable held-for-sale $ 2,628 $ 0