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DERIVATIVES (Tables) | 9 Months Ended
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Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | The following table presents the notional amounts and fair values 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.
| March 31, 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 |  |  | $ | 3,790 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts 1 | 2,587,213 |  |  | 12,356 |  |  | 72,629 |  |  | 2,435,874 |  |  | 106,796 |  |  | 102,949 |
Foreign exchange contracts | 10,996 |  |  | 9 |  |  | 13 |  |  | — |  |  | — |  |  | — |
Total derivatives | $ | 2,998,209 |  |  | $ | 16,155 |  |  | $ | 72,642 |  |  | $ | 2,435,874 |  |  | $ | 106,796 |  |  | $ | 102,949 |
1 Derivative assets are presented net of $63.2 million of variation margin on centrally-cleared derivatives as of March 31, 2025.
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 Three Months Ended March 31, |  | For the Nine Months Ended March 31,
(Dollars in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Amounts recorded in OCI | $ | (2,464) |  |  | $ | — |  |  | $ | 6,162 |  |  | $ | — |
Amounts reclassified from AOCI to income | (1,130) |  |  | — |  |  | (2,608) |  |  | — |
Total change in OCI for period | $ | (3,594) |  |  | $ | — |  |  | $ | 3,554 |  |  | $ | — |
The following table presents the pre-tax gains/(losses) related to the Company’s derivative instrument activity recognized in the Condensed Consolidated Statements of Income:
| For the Three Months Ended March 31, |  | For the Nine Months Ended March 31,
(Dollars in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Interest rate contracts |  |  |  |  |  |  |
Banking and service fees | $ | (272) |  |  | $ | 27 |  |  | $ | (1,829) |  |  | $ | 417 |
Mortgage banking and servicing rights income | 136 |  |  | 98 |  |  | (249) |  |  | 606 |
Foreign exchange contracts |  |  |  |  |  |  |
Banking and service fees | (29) |  |  | — |  |  | (29) |  |  | — |

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