DERIVATIVES (Tables)

6 Months Ended

Dec. 31, 2024

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):

	December 31, 2024
	Derivative		Derivative
	Assets		Liabilities
Gross interest rate swaps	$	13,735	$	13,735
Less: cash collateral applied		(13,735)		—
Net amount	$	—	$	13,735

	June 30, 2024
	Derivative		Derivative
	Assets		Liabilities
Gross interest rate swaps	$	16,781	$	16,781
Less: cash collateral applied		(16,620)		(16)
Net amount	$	161	$	16,765

	June 30, 2023
	Derivative		Derivative
	Assets		Liabilities
Gross interest rate swaps	$	18,844	$	18,844
Less: cash collateral applied		(18,160)		(16)
Net amount	$	684	$	18,828