DERIVATIVES (Tables)

12 Months Ended

Jun. 30, 2022

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):

	June 30, 2022
	Derivative		Derivative
	Assets		Liabilities
Gross interest rate swaps	$	14,194	$	14,194
Less: master netting arrangements		(1,375)		(1,375)
Less: cash collateral applied		(12,602)		(6)
Net amount	$	217	$	12,813

	June 30, 2021
	Derivative		Derivative
	Assets		Liabilities
Gross interest rate swaps	$	25,929	$	25,929
Less: master netting arrangements		(610)		(610)
Less: cash collateral applied		—		(24,682)
Net amount	$	25,319	$	637