(12)	Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss for the three and nine months ended March 31, 2019 and 2018 are presented in the following table:

Activity for the three months ended March 31, 2019 and 2018

(In thousands)	Unrealized gain (losses) on securities available-for-sale			Pension benefits			Total
Balance at December 31, 2017	$	290		$	(1,604	)	$	(1,314	)
Other comprehensive loss before reclassification		(326	)		-			(326	)
Amounts reclassified from accumulated other comprehensive income		-			-			-
Other comprehensive loss for the three months ended March 31, 2018		(326	)		-			(326	)
Reclassification of stranded tax effect⁽¹⁾		57			(316	)		(259	)
Balance at March 31, 2018	$	21		$	(1,920	)	$	(1,899	)

Balance at December 31, 2018	$	113		$	(1,633	)	$	(1,520	)
Other comprehensive income before reclassification		181			-			181
Amounts reclassified from accumulated other comprehensive income		-			-			-
Other comprehensive income for the three months ended March 31, 2019		181			-			181
Reclassification for change in accounting⁽²⁾		-			-			-
Balance at March 31, 2019	$	294		$	(1,633	)	$	(1,339	)

Activity for the nine months ended March 31, 2019 and 2018

(In thousands)	Unrealized gain (losses) on securities available-for-sale			Pension benefits			Total
Balance at June 30, 2017	$	612		$	(1,604	)	$	(992	)
Other comprehensive loss before reclassification		(648	)		-			(648	)
Amounts reclassified from accumulated other comprehensive income		-			-			-
Other comprehensive loss for the nine months ended March 31, 2018		(648	)		-			(648	)
Reclassification of stranded tax effect⁽¹⁾		57			(316	)		(259	)
Balance at March 31, 2018	$	21		$	(1,920	)	$	(1,899	)

Balance at June 30, 2018	$	10		$	(1,633	)	$	(1,623	)
Other comprehensive income before reclassification		398			-			398
Amounts reclassified from accumulated other comprehensive income		-			-			-
Other comprehensive income for the nine months ended March 31, 2019		398			-			398
Reclassification for change in accounting⁽²⁾		(114	)		-			(114	)
Balance at March 31, 2019	$	294		$	(1,633	)	$	(1,339	)

(1)

Adoption of Accounting Standard Update 2018-02, reclassification from accumulated other comprehensive loss to retained earnings for stranded tax effects resulting from newly enacted Federal corporate income tax rate from 34% to 21%.

(2)

Adoption of ASU 2016-01 – cumulative effect of change in measurement of equity securities.