v3.26.1
OTHER ASSETS (Tables)
 12 Months Ended
Jun. 30, 2026
Other Assets [Abstract]  
Schedule of Bank-Owned Life Insurance Activity The following table summarizes the activity in the Company’s bank-owned life insurance (“BOLI”). Income related to bank-owned life insurance is included in “Banking and service fees” in the Consolidated Statements of Income.
(Dollars in thousands)
BOLI
Balance as of June 30, 2023$163,414 
Change in contract value5,360 
Balance as of June 30, 2024
$168,774 
Additions$100,000 
Change in contract value9,405 
Balance as of June 30, 2025
$278,179 
Additions— 
Change in contract value11,498 
Balance as of June 30, 2026
$289,677 
Schedule of Furniture, Equipment And Software A summary of the cost and accumulated depreciation for premises, leasehold improvements, furniture, equipment and software (not under operating lease agreements) is as follows:
At June 30,
(Dollars in thousands)20262025
Software189,265 159,878 
Computer hardware and equipment98,757 59,995 
Furniture and fixtures13,003 11,923 
Leasehold improvements6,810 6,626 
Total$307,835 $238,422 
Less accumulated depreciation(163,039)(133,341)
Furniture, equipment and software—net$144,796 $105,081 
Schedule of Supplemental Balance Sheet Information
Supplemental information related to the Company’s operating leases is as follows:
At June 30,
(Dollars in thousands)20262025
Right-of-use assets$50,781 $53,415 
Lease liabilities$56,168 59,116 
Weighted-average remaining lease term3.83 years4.73 years
Weighted-average discount rate3.36 %3.20 %
Schedule of Supplemental Cash Flow Information
Supplemental cash flow information related to leases is as follows:
For the Fiscal Year Ended June 30,
(Dollars in thousands)202620252024
Cash paid for amounts included in the measurement of lease liabilities for operating leases—operating cash flows$14,741 $13,318 $11,821 
Schedule of Maturities of Operating Lease Liabilities
The following table represents maturities of lease liabilities:
(Dollars in thousands)
June 30, 2026
Within one year$15,986 
After one year and within two years14,729 
After two years and within three years13,223 
After three years and within four years13,044 
After four years within five years2,168 
After five years1,012 
Total lease payments60,162 
Less: amount representing interest(3,994)
Total lease liability$56,168 
Schedule of Property, Plant, and Equipment, Lessor Asset under Operating Lease
A summary of the cost and accumulated depreciation and amortization for premises, building improvements and equipment (under operating lease agreements) is as follows:
At June 30,
(Dollars in thousands)20262025
Land (non-depreciable)$29,813 $— 
Building73,036 — 
Other3,874 — 
Equipment236,090 — 
Total$342,813 $— 
Less accumulated depreciation(34,268)— 
Premises, building improvements and equipment—net$308,545 $— 
Schedule of Operating Income
The following table summarizes operating lease income recognized by the Company as lessor under operating lease arrangements for the periods presented. Operating lease income is included in “Banking and service fees” in the Consolidated Statements of Income.
For the Fiscal Year Ended June 30,
(Dollars in thousands)202620252024
Operating lease income$56,722——
Schedule of Future Undiscounted Cash Flows to be Received
The following table presents the future undiscounted cash flows to be received over the next five fiscal years and the total thereafter where the Company operates as a lessor under operating lease agreements.
At June 30,
(Dollars in thousands)2026
Undiscounted cash flows to be received in fiscal year:
2027$74,653 
202861,975 
202944,456 
203026,266 
20319,697 
Thereafter10,687 
Total$227,734 
Schedule of LIHTC investments The Company recognized the following income and tax benefits for its LIHTC investments.
For the fiscal year ended June 30,
(Dollars in thousands)20262025
Tax credits recognized
$7,833 $5,697 
Other tax benefits recognized
3,758 1,385 
Amortization
(8,986)(5,998)
Net benefit (expense) included in income tax expense
2,605 1,084 
Other income (loss) included in banking and service fees
29 19 
Net benefit (expense) included in the Consolidated Statements of Income
$2,634 $1,103 
The Company recognized the following investments on its balance sheets.
For the fiscal year ended June 30,
(Dollars in thousands)20262025
LIHTC investments
$100,889 $84,875 
LIHTC unfunded commitments1
$53,208 $47,381 
1LIHTC unfunded commitments are included in “Accounts Payable and Other Liabilities” on the Consolidated Balance Sheets.