v3.26.1
Derivatives and Hedging Activities (Tables)
9 Months Ended
Mar. 31, 2026
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Fair value of the Company's Derivative Financial Instrument The following table reflects the Company’s derivative position for an interest rate swap which qualifies as a fair value hedge for accounting purposes as of March 31, 2026:

 

 

 

 

 

 

Weighted Average Rate

 

 

 

 

 

Notional Amount

 

 

Weighted Average Maturity

 

Fixed Rate Paid

 

 

Current SOFR Rate Received

 

 

Fair Value

 

 

(in thousands)

 

 

(in years)

 

 

 

 

 

 

 

(in thousands)

 

Interest rate swap on investments

 

$

9,332

 

 

7.9 yrs

 

 

3.74

%

 

 

3.82

%

 

$

49

 

The table below presents the fair value of the Company’s derivative financial instrument, as well as the classification on the Consolidated Balance Sheet as of March 31, 2026:

 

 

Asset Derivatives

 

 

Liability Derivatives

 

 

Balance Sheet

 

Fair Value at

 

 

Balance Sheet

 

Fair Value at

 

 

Location

 

March 31, 2026

 

 

Location

 

March 31, 2026

 

 

(in thousands)

 

Interest rate swap on investments

 

Securities

 

$

48

 

 

Other Liabilities

 

$

49