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DERIVATIVES (Tables)
 12 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following table presents the fair values and notional amounts of the Company’s derivative instruments. While the notional amounts give an indication of the volume of the Company’s derivatives activity, the notional amounts significantly exceed, in the Company’s view, the possible losses that could arise from such transactions. For most derivative contracts, the notional amount is not exchanged, rather it is a reference amount used to calculate payments.
Interest Rate Contracts
(Dollars in thousands)
As of June 30, 2024
As of June 30, 2023
Other Assets — Derivative Assets — Fair Value1
$106,796 $919 
Accounts Payable and Other Liabilities — Derivative Liabilities — Fair Value
$102,949 $691 
Derivative Assets — Notional
$1,227,742 $231,709 
Derivative Liabilities — Notional
$1,208,132 $204,522 
1 Other Assets — Derivative Assets as of June 30, 2024 include an $87.9 million from the FDIC related to the novation of certain interest rate swaps and are presented gross of $85.2 million of variation margin on centrally-cleared derivatives.
Schedule of Derivative Instruments, Gain (Loss)
The following table presents the gains (losses) related to the Company’s derivative instrument activity recognized in the Consolidated Statements of Income:
For the Fiscal Year Ended June 30,
(Dollars in thousands)
202420232022
Banking and service fees
$470 $803 $— 
Mortgage banking and servicing rights income$782 $916 $3,129