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Basis of Presentation (Tables)
3 Months Ended
Sep. 30, 2024
Basis of Presentation  
Correction of an Immaterial Error in Prior Period Financial Statements

Consolidated Balance Sheet

June 30, 2024

 

As Previously

 

Net

 

(dollars in thousands)

    

Presented

    

Change

    

As Corrected

Liabilities and Stockholders' Equity:

Deposits

$

3,952,457

$

(9,398)

$

3,943,059

Securities sold under agreements to repurchase

-

9,398

9,398

Consolidated Statement of Income

For the three-month period ended September 30, 2023

 

As Previously

 

Net

 

(dollars in thousands)

    

Presented

    

Change

    

As Corrected

Interest expense:

Deposits

$

20,440

$

(72)

$

20,368

Securities sold under agreements to repurchase

-

72

72

Fair Value of Financial Instruments

June 30, 2024

 

As Previously

 

Net

 

(dollars in thousands)

    

Presented

    

Change

    

As Corrected

Carrying Amount:

Deposits

$

3,952,457

$

(9,398)

$

3,943,059

Securities sold under agreements to repurchase

-

9,398

9,398

Significant Other Observable Inputs (Level 2):

Securities sold under agreements to repurchase

-

9,398

9,398