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DERIVATIVES (Tables)
 9 Months Ended
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 ValueFair Value
(Dollars in thousands)Notional AmountDerivative AssetsDerivative LiabilitiesNotional AmountDerivative AssetsDerivative Liabilities
Derivatives designated as hedging instruments
Interest rate contracts$400,000 $3,790 $— $— $— $— 
Derivatives not designated as hedging instruments
Interest rate contracts1
2,587,213 12,356 72,629 2,435,874 106,796 102,949 
Foreign exchange contracts10,996 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 $63.2 million of variation margin on centrally-cleared derivatives as of March 31, 2025.
Schedule of Derivative Instruments, Gain (Loss)
The following table presents pre-tax gains/(losses) on derivative instruments used in cash flow hedge accounting relationships.
For the Three Months Ended March 31,
For the Nine Months Ended March 31,
(Dollars in thousands)2025202420252024
Amounts recorded in OCI$(2,464)$— $6,162 $— 
Amounts reclassified from AOCI to income(1,130)— (2,608)— 
Total change in OCI for period$(3,594)$— $3,554 $— 
The following table presents the pre-tax gains/(losses) related to the Company’s derivative instrument activity recognized in the Condensed Consolidated Statements of Income:
For the Three Months Ended March 31,
For the Nine Months Ended March 31,
(Dollars in thousands)
2025202420252024
Interest rate contracts
Banking and service fees$(272)$27 $(1,829)$417 
Mortgage banking and servicing rights income136 98 (249)606 
Foreign exchange contracts
Banking and service fees(29)— (29)—