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OFFSETTING OF DERIVATIVES AND SECURITIES FINANCING AGREEMENTS
 3 Months Ended
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 / LiabilitiesAmounts OffsetNet Balance Sheet Amount
Amounts Not Offset1
Net Assets / Liabilities
Assets:
Securities borrowed$84,326 $— $84,326 $84,326 $— 
Other Assets — Derivative Assets66,172 — 66,172 6,317 59,855 
Liabilities:
Securities loaned$95,883 $— $95,883 $95,883 $— 
Accounts Payable and Other Liabilities — Derivative Liabilities63,225 — 63,225 1,757 61,468 
June 30, 2024
(Dollars in thousands)Gross Assets / LiabilitiesAmounts OffsetNet Balance Sheet Amount
Amounts Not Offset1
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 Liabilities102,949 — 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.