OTHER BORROWINGS

6 Months Ended

Dec. 31, 2016

Other Liabilities Disclosure [Abstract]

OTHER BORROWINGS

11. OTHER BORROWINGS

Other borrowings include securities sold under agreements to repurchase with securities brokers (“repurchase agreements”). These borrowings generally mature within 1 to 90 days from the transaction date and require a collateral pledge. Securities sold under agreements to repurchase are stated at the amount of cash received in connection with the transaction. We monitor collateral levels on a continuous basis. We may be required to provide additional collateral based on the fair value of the underlying securities. Securities pledged as collateral under repurchase agreements are maintained with our safekeeping agents.

The following table presents information regarding other borrowings as of December 31, 2016 and June 30, 2016:

		December 31,         2016				June 30,         2016
		(Dollars in Thousands)
Other short-term borrowings:
Ending balance	$		-		$		-
Average balance			-				2,748
Maximum month-end balance			-				9,700
Average interest rate			-	%			0.51	%
Weighted-average rate			-	%			-	%