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Employee Benefit Plans
 6 Months Ended
Dec. 31, 2016
Employee Benefit Plans [Abstract]  
Employee Benefit Plans
(10)
Employee Benefit Plans

Defined Benefit Plan

The components of net periodic pension cost related to the defined benefit pension plan for the three and six months ended December 31, 2016 and 2015 were as follows:

  
Three months ended
December 31,
  
Six months ended
 December 31,
 
(In thousands)
 
2016
  
2015
  
2016
  
2015
 
Interest cost
 
$
53
  
$
58
  
$
107
  
$
116
 
Expected return on plan assets
  
(46
)
  
(77
)
  
(115
)
  
(154
)
Amortization of net loss
  
49
   
34
   
98
   
68
 
Net periodic pension cost
 
$
56
  
$
15
  
$
90
  
$
30
 

The Company made a contribution of $576,000 to the defined benefit pension plan during the three months ended December 31, 2016.  The Company does not anticipate that it will make any additional contributions to the defined benefit pension plan during the remainder of fiscal 2017.

SERP

The Board of Directors of The Bank of Greene County adopted The Bank of Greene County Supplemental Executive Retirement Plan (the “SERP Plan”), effective as of July 1, 2010. The SERP Plan benefits certain key senior executives of the Bank who have been selected by the Board to participate. The SERP Plan is intended to provide a benefit from the Bank upon retirement, death or disability or voluntary or involuntary termination of service (other than “for cause”).  The SERP Plan is more fully described in Note 9 of the consolidated financial statements and notes thereto for the year ended June 30, 2016.

The net periodic pension costs related to the SERP Plan for the three and six months ended December 31, 2016 were $81,000 and $158,000, respectively, and for the three and six months ended December 31, 2015 were $62,000 and $120,000, respectively, consisting primarily of service costs and interest costs. The total liability for the SERP Plan was $2.4 million and $2.0 million as of December 31, 2016 and June 30, 2016, respectively. The total liability for the SERP Plan includes both accumulated net periodic pension costs and participant contributions.