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OFFSETTING OF DERIVATIVES AND SECURITIES FINANCING AGREEMENTS | 3 Months Ended
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Sep. 30, 2024
Offsetting [Abstract] |
OFFSETTING OF DERIVATIVES AND SECURITIES FINANCING AGREEMENTS | OFFSETTING OF DERIVATIVES AND SECURITIES FINANCING AGREEMENTS The Company enters into derivatives transactions as part of its mortgage banking activities, makes markets in interest rate swap and cap derivatives to facilitate customer demand, and enters into securities borrowed and securities loaned transactions to facilitate customer match-book activity, cover short positions and support customer securities lending. For additional information on offsetting see Note 7—“Offsetting of Derivatives and Securities Financing Agreements” in the 2024 Form 10-K. The following tables present information about the offsetting of these instruments and related collateral amounts:
| September 30, 2024
(Dollars in thousands) | Gross Assets / Liabilities |  | Amounts Offset |  | Net Balance Sheet Amount |  | Amounts Not Offset 1 |  |  |  | Net Assets / Liabilities
Assets: |  |  |  |  |  |  |  |  |  |  |
Securities borrowed | $ | 84,326 |  |  | $ | — |  |  | $ | 84,326 |  |  | $ | 84,326 |  |  |  |  | $ | — |
Other Assets — Derivative Assets | 66,172 |  |  | — |  |  | 66,172 |  |  | 6,317 |  |  |  |  | 59,855 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Securities loaned | $ | 95,883 |  |  | $ | — |  |  | $ | 95,883 |  |  | $ | 95,883 |  |  |  |  | $ | — |
Accounts Payable and Other Liabilities — Derivative Liabilities | 63,225 |  |  | — |  |  | 63,225 |  |  | 1,757 |  |  |  |  | 61,468 |
| June 30, 2024
(Dollars in thousands) | Gross Assets / Liabilities |  | Amounts Offset |  | Net Balance Sheet Amount |  | Amounts Not Offset 1 |  |  |  | Net Assets / Liabilities
Assets: |  |  |  |  |  |  |  |  |  |  |
Securities borrowed | $ | 67,212 |  |  | $ | — |  |  | $ | 67,212 |  |  | $ | 67,212 |  |  |  |  | $ | — |
Other Assets — Derivative Assets | 106,796 |  |  | — |  |  | 106,796 |  |  | 18,524 |  |  |  |  | 88,272 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Securities loaned | $ | 74,177 |  |  | $ | — |  |  | $ | 74,177 |  |  | $ | 74,177 |  |  |  |  | $ | — |
Accounts Payable and Other Liabilities — Derivative Liabilities | 102,949 |  |  | — |  |  | 102,949 |  |  | 414 |  |  |  |  | 102,535 |
1 Amounts not offset reflect cash collateral received on Derivative Assets of $5.2 million and $18.1 million as of September 30, 2024 and June 30, 2024, respectively, and cash collateral placed on Derivative Liabilities of $0.6 million as of September 30, 2024. There was no cash collateral placed on Derivative Liabilities as of June 30, 2024. The securities loaned transactions represent equities with an overnight and open maturity classification as of both periods presented.

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