Benefit Plans

6 Months Ended

Dec. 31, 2018

Compensation And Retirement Disclosure [Abstract]

Benefit Plans

15.     BENEFIT PLANS

Components of Net Periodic Expense

The following table sets forth the aggregate net periodic benefit expense for the Bank’s Benefit Equalization Plan, Postretirement Welfare Plan, Directors’ Consultation and Retirement Plan and Atlas Bank Retirement Income Plan:

	Three Months Ended						Six Months Ended						Affected Line Item in the Consolidated
	December 31,						December 31,						Statements of Income
		2018			2017			2018			2017
	(In Thousands)
Service cost	$	14		$	12		$	28		$	24		Salaries and employee benefits
Interest cost		94			93			188			186		Miscellaneous non-interest  expense
Amortization of unrecognized loss		11			11			22			22		Miscellaneous non-interest  expense
Expected return on assets		(28	)		(30	)		(56	)		(60	)	Miscellaneous non-interest  expense
Net periodic benefit cost	$	91		$	86		$	182		$	172

Effective July 1, 2018, the Company implemented ASU 2017-07, “Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” Under ASU 2017-07, the FASB requires employers to report the servicecost component in the same line item as other compensation costs arising from services rendered by the pertinent employees during theperiod. The other components of net periodic benefit cost are required to be presented in the Consolidated Statements of Income separately from the service cost component. The table above details the affected line items within the Consolidated Statements of Income related to the net periodic benefit costs for the periods noted. This ASU is also required to be applied retrospectively to all periods presented.

The following table summarizes the impact of retrospective application to the Consolidated Statements of Income for the three and six months ended December 31, 2017:

	Three Months Ended		Six Months Ended
	December 31,		December 31,
		2017		2017
	(In Thousands)
Miscellaneous non-interest expense:
As previously reported	$	2,551	$	5,040
As reported under the new guidance		2,625		5,188
Salaries and employee benefits:
As previously reported	$	12,926	$	25,793
As reported under the new guidance		12,852		25,645