OTHER BORROWINGS

12 Months Ended

Jun. 30, 2017

Other Liabilities Disclosure [Abstract]

OTHER BORROWINGS

14. 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 June 30:

OTHER SHORT-TERM BORROWINGS

	2017			2016
	(Dollars in Thousands)
Ending balance	$	—		$	—
Average balance during the year		—			2,748
Maximum month-end balance during the year		—			9,700
Average interest rate during the year		—	%		0.51	%
Weighted-average rate at year-end		—	%		—	%