Repurchase Agreements

9 Months Ended

Mar. 31, 2025

Repurchase Agreements

Repurchase Agreements

Note 7: Repurchase Agreements

Securities sold under agreements to repurchase totaled $15.0 million at March 31, 2025, an increase of $5.6 million from $9.4 million at June 30, 2024. The following table sets forth the outstanding amounts and interest rates as of March 31, 2025 and June 30, 2024:

	March 31,			June 30,
(dollars in thousands)	2025			2024
Period-end balance	$	15,000		$	9,398
Average balance during the period		14,107			9,398
Maximum month-end balance during the period		15,000			9,398
Average interest during the period		5.43	%		5.39	%
Period-end interest rate		5.11	%		5.39	%

The repurchase agreements mature daily and the following sets forth the collateral pledged by class for repurchase agreements:

	March 31,		June 30,
(dollars in thousands)	2025		2024
Mortgage-backed securities (MBS)	$	15,538	$	9,981