Kearny financial corp. (KRNY)
CashFlow / Quarterly
Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10
Cash Flows from Operating Activities:
Net Income

3,878

2,169

2,923

2,829

1,786

2,987

2,586

1,925

1,744

1,177

1,660

1,198

1,392

470

2,018

3,833

2,688

-5

1,335

Adjustment to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment

707

751

752

687

696

640

622

646

657

654

653

672

683

668

642

637

633

504

440

Net amortization of premiums, discounts and loan fees and costs

524

592

593

394

610

678

985

1,276

2,128

2,996

2,763

2,434

2,361

2,395

1,691

463

925

1,213

468

Deferred income taxes

-716

-351

2,339

-63

-40

586

-400

37

-63

123

181

-415

146

633

-268

1,165

836

0

-756

Amortization of intangible assets

46

50

28

29

29

31

33

33

33

35

37

37

37

40

41

-

-

-

0

Amortization of benefit plans' unrecognized net loss

-

-

-20

-

-

-

-11

-25

-25

-25

-25

-70

10

10

10

17

17

17

17

Provision for loan losses

1,761

1,732

858

774

880

559

1,168

1,325

1,407

1,393

339

2,105

1,257

1,323

1,065

1,110

1,391

876

1,251

Loss on write-down and sales of real estate owned

-510

5

-151

-371

-71

0

1

-234

-8

-239

-294

-6,601

1,215

2,020

36

-94

-22

21

14

Realized gain on sale of loans

-

-

-

0

27

0

53

-

-

-

-

135

217

123

186

492

34

13

0

Proceeds from sale of loans

-

-

-

5,275

321

0

496

-

-

-

-

1,251

2,321

1,364

2,187

6,202

918

1,049

0

Realized gain on disposition of premises and equipment

-12

0

25

-

-

-

-

5

0

0

100

-

-

-

-

-

-

-

-

Increase in cash surrender value of bank owned life insurance

-

654

652

-

-

707

702

705

485

393

383

188

185

185

190

180

191

174

163

ESOP, stock option plan and restricted stock plan expenses

562

638

679

689

511

437

425

418

423

390

409

394

404

399

379

393

303

1,012

1,574

Increase in interest receivable

629

-248

294

-276

990

-583

480

-

-

-402

-117

-379

13

167

-1,146

-

-

-

-40

(Increase) decrease in other assets

6,224

4,427

3,650

-22

-1,706

1,496

-135

-1,569

-628

135

-820

-1,937

-1,155

2,816

-2,379

-1,445

-1,310

1,455

-213

Increase in interest payable

-17

-17

54

0

-42

43

70

219

-274

-8

22

-14

-8

2

-26

-23

-164

-33

-3

Increase in other liabilities

16,425

1,902

1,752

1,254

769

8

983

352

771

-831

-216

603

-16

-886

456

-1,653

954

-1,402

208

Net Cash Provided by Operating Activities

16,731

2,764

5,528

11,203

4,792

4,134

5,878

6,742

11,590

4,970

6,621

10,284

10,544

5,149

11,380

12,294

10,287

1,570

4,638

Purchase of debt securities available for sale

0

48,560

3,968

50,059

53,633

53,322

1,895

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of debt securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Proceeds from calls and maturities of debt securities available for sale

-

-

-

-

-

-

-

-

-

-

-

0

510

4,544

25,544

29,281

25,205

405

0

Proceeds from repayments of debt securities available for sale

228

245

43

240

42

410

45

288

55

255

134

188

60

302

288

272

336

67

518

Purchase of debt securities held to maturity

1,453

5,893

350

4,741

1,785

1,335

1,195

63,826

621

144,113

50

461

707

998

70

140

3,178

580

64,975

Proceeds from calls and maturities of debt securities held to maturity

-

-

1,195

-

-

-

50

213

955

998

30,070

259

11,238

31,432

30,090

51,192

81,940

25,230

90,000

Proceeds from repayments of debt securities held to maturity

51

54

62

63

-506

674

173

466

0

258

260

249

259

253

205

190

332

148

0

Purchase of loans

129,616

19,182

12,868

6,374

49,650

2,000

56,319

8,118

1,570

3,941

4,144

25,554

26,553

23,851

4,056

2,929

0

0

1,437

Net increase in loans receivable

49,612

26,895

17,667

11,259

47,514

67,918

69,777

13,544

43,285

11,187

1,647

888

8,557

-32,227

-25,784

-12,472

-28,161

-24,762

-16,461

Proceeds from sale of real estate owned

0

1,030

17

265

816

0

403

1,458

140

1,253

996

-

-

-

-

-

-

-

-

Purchases of mortgage-backed securities available for sale

-

-

-

5,079

28,015

6,414

10,647

110,737

182,663

6,712

72,891

67,841

143,553

232,915

78,902

159,895

134,095

58,774

186,437

Principal repayments on mortgage-backed securities available for sale

20,907

18,469

19,144

20,912

22,476

29,750

40,969

51,717

83,930

100,608

99,659

79,721

76,899

87,716

61,329

45,599

59,091

61,865

43,732

Purchases of mortgage-backed securities held to maturity

2,086

16,515

16,695

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal repayments on mortgage-backed securities held to maturity

24,338

2,843

3,202

1,052

420

407

420

114

64

68

66

69

49

53

57

56

78

99

82

Purchase of bank owned life insurance

-

-

-

-

-

-

-

0

35,000

0

503

-

-

-

-

-

-

-

-

Purchase of FHLB stock

-

-

6,480

-

-

-

10,260

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of FHLB stock

-

-

5,087

-

-

-

4,411

13,053

2,971

1,126

1

3,376

1,800

1

1

51

451

2,250

0

Proceeds from cash settlement of premises and equipment

-

5

44

-

-

-

-

20

0

0

200

-

-

-

-

-

-

-

-

Additions to premises and equipment

764

548

457

455

1,525

1,041

539

228

271

349

194

302

202

845

448

725

502

129

305

Net Cash Used in Investing Activities

-139,193

-46,771

-29,691

-22,164

-126,935

7,570

-104,161

-410,185

65,973

7,893

51,957

14,688

-90,557

-101,827

59,822

2,073

58,406

28,624

-102,361

Net decrease in deposits

40,229

15,573

-30,568

-2,861

19,102

46,346

-39,261

217,503

12,563

-5,126

-26,041

17,453

37,264

-31,250

-489

8,809

9,986

-8,685

39,842

Repayment of term FHLB advances

375,023

375,024

303,023

300,022

225,023

175,022

100,021

145,022

73,710

21

21

21

20

20

19

20

10,020

6

0

Proceeds from term FHLB advances

-

375,000

375,000

-

-

225,000

175,000

-

-

-

-

-

-

-

-

-

-

-

-

Net change in overnight borrowings

0

0

-17,000

17,000

0

-60,000

55,000

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in other short-term borrowings

-

-

-2,369

-

-

-

-551

-

6,219

-8,082

567

-

9,693

-9,722

206

-775

9,784

-9,009

0

(Decrease) increase in advance payments by borrowers for taxes

170

-63

-302

142

607

-117

479

68

1,471

274

53

413

337

-556

-14

316

253

-113

-361

Dividends paid to stockholders of Kearny Financial Corp.

-

-

-

-

-

-

-

-

-

-

-

1,260

770

786

801

808

808

800

817

Purchase of common stock of Kearny Financial Corp. for treasury

-

-

-

115

228

2,581

1,211

1,486

1,198

988

647

334

1,036

4,523

2,571

1,146

0

0

3,316

Dividends contributed for payment of ESOP loan

-

-

-

-

-

-

-

0

0

0

-2

42

45

37

36

37

40

32

32

Issuance of common stock of Kearny Financial Corp. from treasury

0

0

1,365

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of cash for exercise of stock options

0

0

7,188

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by Financing Activities

146,982

13,657

15,915

10,563

104,283

23,402

89,435

320,578

-54,655

-13,943

-26,091

18,480

45,513

-46,820

-3,652

-43

9,235

-18,950

35,385

Tax expense from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-369

5

Net Decrease in Cash and Cash Equivalents

24,520

-30,350

-8,248

-398

-17,860

35,106

-8,848

-82,865

22,908

-1,080

32,487

43,452

-34,500

-143,498

67,550

14,324

77,928

11,244

-62,338

Supplemental Disclosures of Cash Flows Information:
Cash paid during the year for:
Income taxes, net of refunds

19

806

1,000

-2,019

3,181

2,091

250

668

305

386

328

0

-191

2,893

-866

0

0

1,499

2,104

Interest

6,320

6,305

6,119

5,953

5,518

5,414

5,034

4,345

5,572

5,816

6,309

6,627

6,872

7,256

7,660

7,742

8,102

8,194

8,401

Non-cash investing and financing activities:
Acquisition of real estate owned in settlement of loans

0

1,347

118

641

128

438

282

498

211

355

1,809

629

0

1,157

0

6,175

436

-14

449