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DERIVATIVES (Tables)
9 Months Ended
Mar. 31, 2022
DERIVATIVES  
Schedule of offsetting of derivative assets and liabilities The estimated fair value of derivatives not designated as hedging instruments are as follows (dollars in thousands):

 

March 31, 2022

    

Derivative 

    

Derivative 

 

Assets

 

Liabilities

Gross interest rate swaps

$

11,250

$

11,250

Less: master netting arrangements

 

(577)

 

(577)

Less: cash collateral applied

 

(6,550)

 

(4,076)

Net amount

$

4,123

$

6,597

 

June 30, 2021

    

Derivative 

    

Derivative 

 

Assets

 

Liabilities

Gross interest rate swaps

$

25,929

$

25,929

Less: master netting arrangements

 

(610)

 

(610)

Less: cash collateral applied

 

 

(24,682)

Net amount

$

25,319

$

637