VARIABLE INTEREST ENTITIES (Tables)

12 Months Ended

Jun. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The following table provides a summary of the assets and liabilities of consolidated VIEs in the Company’s Consolidated Balance Sheets.


(Dollars in thousands)	As of June 30, 2026		As of June 30, 2025

Restricted cash	$	30,306	$	—
Loans—net of allowance for credit losses	1,347,670		1,276,101
Other assets	156,584		—
Secured financings	576,680		—
Accounts payable and other liabilities	25,929		—

Schedule of Secured Financing

The notes outstanding as of June 30, 2026 are included in “Secured financings” in the Company’s Consolidated Balance Sheet and are summarized in the below table:

Series

Classes

Interest Rate Range

Final Maturity Date / Range

Outstanding Principal at June 30, 2026

(Dollars in thousands)

2022-01

Class A, B, C, D

6.59% to 8.67%

February 2030

8,494

2023-01

Class A-2, B, C, D

6.05% to 7.75%

January 2031

90,837

2024-01

Class A-2, B, C, D

5.68% to 7.23%

December 2031

162,041

2025-01

Class A-2, A-3, B, C, D

4.85% to 6.49%

March 2028 to
May 2033

307,166

Total

568,538

Schedule of Maturities of Secured Financings

The following table presents the maturities of the Company’s secured financings:


(Dollars in thousands)	June 30, 2026
Within one year	$	200,681
After one but within two years	161,408
After two but within three years	119,329
After three but within four years	64,732
After four but within five years	17,893
After five years	4,495
Total	$	568,538

Maturities of borrowings, subordinated notes and debentures are as follows:


(Dollars in thousands)	June 30, 2026
Within one year	$	—
After one but within two years	—
After two but within three years	—
After three but within four years	—
After four but within five years	—
After five years	345,655
Total	$	345,655

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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