DERIVATIVES (Tables)

9 Months Ended

Mar. 31, 2020

DERIVATIVES

Schedule of offsetting of derivative assets and liabilities

The estimated fair value of derivatives not designated as hedging instruments are as follows (dollars in thousands):

	March 31, 2020
	Derivative		Derivative
	Assets		Liabilities
Gross interest rate swaps	$	40,096	$	40,096
Less: master netting arrangements		—		—
Less: cash collateral applied		—		(40,062)
Net amount	$	40,096	$	34

	June 30, 2019
	Derivative		Derivative
	Assets		Liabilities
Gross interest rate swaps	$	13,550	$	13,550
Less: master netting arrangements		(88)		(88)
Less: cash collateral applied		—		(13,318)
Net amount	$	13,462	$	144