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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities:    
Net Income $ 3,412 $ 28,798
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 3,590 4,353
Net accretion of yield adjustments (2,038) (4,306)
Deferred income taxes 2,438 3,150
Amortization of intangible assets 400 430
Accretion of benefit plans’ unrecognized net gain (139) (44)
Provision for credit losses 2,699 2,792
Loss on write down of other real estate owned 974 0
Loans originated for sale (53,979) (76,852)
Proceeds from sale of mortgage loans held-for-sale 69,814 101,054
Gain on sale of mortgage loans held-for-sale, net 393 1,899
Realized loss on sale/call of investment securities available for sale 18,135 15,227
Realized gain on sale of loans receivable 0 (55)
Realized gain on disposition of premises and equipment (11) (2,886)
Increase in cash surrender value of bank owned life insurance (5,867) (7,040)
ESOP and stock-based compensation expense 3,010 3,971
Increase in interest receivable (2,932) (8,328)
(Increase) decrease in other assets (6,004) 93
Increase in interest payable 466 9,073
Increase (decrease) in other liabilities 2,352 (13,428)
Net Cash Provided by Operating Activities 36,713 57,901
Purchases of:    
Investment securities available for sale (64,000) (166,483)
Investment securities held to maturity (300) (40,398)
Proceeds from:    
Repayments/calls/maturities of investment securities available for sale 94,129 100,149
Repayments/calls/maturities of investment securities held to maturity 7,019 8,831
Sales of investment securities available for sale 104,083 105,199
Purchase of loans (60,341) (702)
Net decrease (increase) in loans receivable 118,330 (559,794)
Proceeds from sale of loans receivable 0 706
Purchase of interest rate contracts (887) (758)
Proceeds from the sale of other real estate owned 11,982 0
Additions to premises and equipment (323) (1,255)
Proceeds from death benefit of bank owned life insurance 1,900 4,997
Net surrender of bank owned life insurance 299 0
Proceeds from cash settlement of premises and equipment 0 3,480
Purchase of FHLB stock (54,544) (84,310)
Redemption of FHLB stock 44,931 55,135
Net Cash Provided by (Used in) Investing Activities 202,278 (575,203)
Cash Flows from Financing Activities:    
Net decrease in deposits (420,105) (58,613)
Repayment of term FHLB advances (4,475,000) (4,615,000)
Proceeds from term FHLB advances and other borrowings 4,650,000 5,120,000
Net increase in other short-term borrowings 40,000 205,000
Net (decrease) increase in advance payments by borrowers for taxes (951) 1,960
Repurchase and cancellation of common stock of Kearny Financial Corp. (11,240) (21,130)
Cancellation of shares repurchased on vesting to pay taxes (470) (439)
Dividends paid (20,713) (21,523)
Net Cash (Used in) Provided by Financing Activities (238,479) 610,255
Net Increase in Cash and Cash Equivalents 512 92,953
Cash and Cash Equivalents - Beginning 70,515 101,615
Cash and Cash Equivalents - Ending 71,027 194,568
Cash paid during the period for:    
Income taxes, net of refunds 4,819 8,618
Interest 136,094 69,707
Non-cash investing and financing activities:    
Acquisition of other real estate owned in settlement of loans 0 13,232
Transfers from loans receivable to loans held-for-sale $ 10,754 $ 2,628