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DERIVATIVES (Tables) | 12 Months Ended
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Jun. 30, 2025
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. As of June 30, 2024, there were no derivatives designated in hedge accounting relationships.
| June 30, 2025 |  | June 30, 2024
|  |  | Fair Value |  |  |  | Fair Value
(Dollars in thousands) | Notional Amount |  | Derivative Assets |  | Derivative Liabilities |  | Notional Amount |  | Derivative Assets |  | Derivative Liabilities
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts | $ | 400,000 |  |  | $ | 1,950 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts 1 | 2,761,021 |  |  | 15,782 |  |  | 68,427 |  |  | 2,435,874 |  |  | 106,796 |  |  | 102,949 |
Foreign exchange contracts | 9,570 |  |  | 2 |  |  | 71 |  |  | — |  |  | — |  |  | — |
Total derivatives | $ | 3,170,591 |  |  | $ | 17,734 |  |  | $ | 68,498 |  |  | $ | 2,435,874 |  |  | $ | 106,796 |  |  | $ | 102,949 |
1 Derivatives assets as of June 30, 2025 are presented net of $55.4 million of variation margin on centrally-cleared derivatives. As of June 30, 2024, derivative assets are presented gross of $85.2 million of variation margin on centrally-cleared derivatives as a result of an $87.9 million receivable from the FDIC related to the novation of certain interest rate swaps.
Schedule of Derivative Instruments, Gain (Loss) | The following table presents pre-tax gains/(losses) on derivative instruments used in cash flow hedge accounting relationships.
|  | For the Fiscal Year Ended June 30,
(Dollars in thousands) |  | 2025 |  | 2024 |  | 2023
Amounts recorded in OCI |  | $ | 5,448 |  |  | $ | — |  |  | $ | — |
Amounts reclassified from AOCI to income |  | (3,749) |  |  | — |  |  | — |
Total change in OCI for period |  | $ | 1,699 |  |  | $ | — |  |  | $ | — |
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) | 2025 |  | 2024 |  | 2023
Interest rate contracts |  |  |  |  |
Banking and service fees | $ | (2,463) |  |  | $ | 470 |  |  | $ | 803 |
Mortgage banking and servicing rights income | $ | (431) |  |  | $ | 782 |  |  | $ | 916 |
Foreign exchange contracts |  |  |  |  |
Banking and service fees | $ | (92) |  |  | — |  |  | $ | — |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References No definition available. + Details
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