Comprehensive Income (Loss)

9 Months Ended

Mar. 31, 2022

13. COMPREHENSIVE INCOME (LOSS)

The components of accumulated other comprehensive (loss) income included in stockholders’ equity at March 31, 2022 and June 30, 2021 are as follows:


	March 31,			June 30,
	2022			2021
	(In Thousands)
Net unrealized (loss) gain on securities available for sale	$	(63,988	)	$	10,011
Tax effect		18,760			(2,882	)
Net of tax amount		(45,228	)		7,129

Fair value adjustments on derivatives		32,566			(312	)
Tax effect		(9,557	)		94
Net of tax amount		23,009			(218	)

Benefit plan adjustments		(1,033	)		(1,093	)
Tax effect		303			326
Net of tax amount		(730	)		(767	)

Total accumulated other comprehensive (loss) income	$	(22,949	)	$	6,144

Other comprehensive (loss) income and related tax effects for the three months and nine months ended March 31, 2022 and 2021 are presented in the following table:


	Three Months Ended						Nine Months Ended
	March 31,						March 31,
	2022			2021			2022			2021
	(In Thousands)
Net unrealized holding loss on securities available for sale	$	(59,249	)	$	(22,285	)	$	(73,995	)	$	(20,374	)

Net realized gain on sale and call of securities available for sale (1)		(3	)		(18	)		(4	)		(454	)

Fair value adjustments on derivatives		24,611			15,062			32,878			20,929

Amortization of benefit plan net actuarial loss		20			20			60			62

Other comprehensive (loss) income before taxes		(34,621	)		(7,221	)		(41,061	)		163
Tax effect		10,098			2,125			11,968			(63	)
Total other comprehensive (loss) income	$	(24,523	)	$	(5,096	)	$	(29,093	)	$	100

(1)

Represents amounts reclassified out of accumulated other comprehensive income and included in gain on sale of securities on the consolidated statements of income.