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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:    
Net Income $ 21,914 $ 6,501
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 2,072 1,475
Net (accretion) amortization of premiums, discounts and loan fees and costs (5,467) 2,250
Deferred income taxes and valuation allowance 2,641 4,783
Amortization of intangible assets 552 60
Accretion of benefit plans’ unrecognized net gain (36) (61)
Provision for loan losses 3,071 1,566
Loss on write-down and sales of other real estate owned 14 86
Loans originated for sale (22,327) (41,833)
Proceeds from sale of mortgage loans held-for-sale 22,405 43,448
Gain on sale of mortgage loans held-for-sale, net (215) (413)
Proceeds from sale of SBA loans 215 1,264
Realized gain on sale of SBA loans (18) (118)
Realized loss on disposition of premises and equipment 24 7
Increase in cash surrender value of bank owned life insurance (3,193) (2,531)
ESOP, stock option plan and restricted stock plan expenses 4,402 4,717
Increase in interest receivable (925) (1,031)
Decrease (increase) in other assets 1,878 (1,672)
Increase in interest payable 2,210 292
Decrease in other liabilities (4,557) (2,555)
Net Cash Provided by Operating Activities 24,660 16,235
Purchases of:    
Investment securities available for sale   (76,074)
Investment securities held to maturity (48,376) (36,897)
Proceeds from:    
Repayments/calls/maturities of investment securities available for sale 53,882 51,920
Repayments/calls/maturities of investment securities held to maturity 39,409 57,971
Purchase of loans (58,093) (48,905)
Net increase in loans receivable (188,084) (1,322)
Proceeds from sale of real estate owned 203 1,290
Additions to premises and equipment (4,378) (3,726)
Proceeds from cash settlement of premises and equipment 108
Purchase of FHLB stock (10,215) (4,140)
Redemption of FHLB stock 4,705 4,985
Net Cash Used in Investing Activities (210,839) (54,898)
Cash Flows from Financing Activities:    
Net increase in deposits 101,020 103,485
Repayment of term FHLB advances (1,479,556) (1,250,054)
Proceeds from term FHLB advances 1,602,000 1,250,000
Net decrease in other short-term borrowings (11,799) (7,317)
Net decrease in advance payments by borrowers for taxes (887) (200)
Repurchase and cancellation of common stock of Kearny Financial Corp. (77,109) (69,314)
Cancellation of shares repurchased on vesting to pay taxes (944) (1,278)
Exercise of stock options   102
Dividends paid (23,927) (14,313)
Net Cash Provided by Financing Activities 108,798 11,111
Net Decrease in Cash and Cash Equivalents (77,381) (27,552)
Cash and Cash Equivalents - Beginning 128,864 78,237
Cash and Cash Equivalents - Ending 51,483 50,685
Cash paid during the period for:    
Income taxes, net of refunds 3,193 5,688
Interest $ 36,489 21,687
Non-cash investing and financing activities:    
Acquisition of other real estate owned in settlement of loans   $ 1,437