COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Mar. 31, 2023

Schedule of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive loss included in stockholders’ equity at March 31, 2023 and June 30, 2022 are as follows:


	March 31, 2023		June 30, 2022
	(In Thousands)
Net unrealized loss on securities available for sale	$	(141,128)	$	(118,031)
Tax effect	40,713		34,104
Net of tax amount	(100,415)		(83,927)

Fair value adjustments on derivatives	38,671		39,805
Tax effect	(11,214)		(11,542)
Net of tax amount	27,457		28,263

Benefit plan adjustments	(134)		(89)
Tax effect	39		26
Net of tax amount	(95)		(63)

Total accumulated other comprehensive loss	$	(73,053)	$	(55,727)

Schedule of Comprehensive (Loss) Income

Other comprehensive income (loss) and related tax effects for the three months and nine months ended March 31, 2023 and 2022 are presented in the following table:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2023		2022		2023		2022
	(In Thousands)
Net unrealized holding gain (loss) on securities available for sale	$	9,713	$	(59,249)	$	(38,324)	$	(73,995)

Net realized (gain) loss on sale and call of securities available for sale (1)	—		(3)		15,227		(4)

Fair value adjustments on derivatives	(15,397)		24,611		(1,134)		32,878

Benefit plans:
(Accretion) amortization of net actuarial (gain) loss (2)	(6)		20		(18)		60
Net actuarial loss	—		—		(27)		—
Net change in benefit plan accrued expense	(6)		20		(45)		60

Other comprehensive loss before taxes	(5,690)		(34,621)		(24,276)		(41,061)
Tax effect	1,658		10,098		6,950		11,968
Total other comprehensive loss	$	(4,032)	$	(24,523)	$	(17,326)	$	(29,093)

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(1)Represents amounts reclassified out of accumulated other comprehensive (loss) income and included in gain on sale of securities on the Consolidated Statements of Income.

(2)Represents amounts reclassified out of accumulated other comprehensive (loss) income and included in the computation of net periodic pension expense. See Note 10 - Benefit Plans for additional information.