Note 7 - Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note 7 –Accumulated Other Comprehensive Income (Loss)

The components of other comprehensive income related to unrealized gains and losses on available-for-sale securities for the three and nine-month periods ended March 31, 2022 and 2021, were as follows:

	Pretax			Tax Effect			After-tax			Affected Line Item in Consolidated Statements of Income
Balance as of December 31, 2021	$	2,003		$	(421	)	$	1,582
Net current period other comprehensive loss		(16,891	)		3,548			(13,343	)
Balance as of March 31, 2022	$	(14,888	)	$	3,127		$	(11,761	)
Balance as of December 31, 2020	$	5,733		$	(1,204	)	$	4,529
Unrealized holding losses on available-for-sale securities arising during the period		(2,269	)		477			(1,792	)
Amounts reclassified from accumulated other comprehensive income		(6	)		1			(5	)	(a)(b)
Net current period other comprehensive loss		(2,275	)		478			(1,797	)
Balance as of March 31, 2021	$	3,458		$	(726	)	$	2,732

	Pretax			Tax Effect			After-tax			Affected Line Item in Consolidated Statements of Income
Balance as of June 30, 2021	$	4,493		$	(943	)	$	3,550
Unrealized holding losses on available-for-sale securities arising during the period		(19,379	)		4,070			(15,309	)
Amounts reclassified from accumulated other comprehensive income		(2	)		—			(2	)	(a)(b)
Net current period other comprehensive loss		(19,381	)		4,070			(15,311	)
Balance as of March 31, 2022	$	(14,888	)	$	3,127		$	(11,761	)

(Dollars in thousands, except per share amounts)

Balance as of June 30, 2020	$	5,393		$	(1,133	)	$	4,260
Unrealized holding losses on available-for-sale securities arising during the period		(1,921	)		404			(1,517	)
Amounts reclassified from accumulated other comprehensive income		(14	)		3			(11	)	(a)(b)
Net current period other comprehensive loss		(1,935	)		407			(1,528	)
Balance after reclassification as of March 31, 2021	$	3,458		$	(726	)	$	2,732

(a) Securities (gains) losses, net

(b) Income tax expense