Accumulated Other Comprehensive (Loss) Income (Tables)

9 Months Ended

Mar. 31, 2022

Equity [Abstract]

Summary of Accumulated Other Comprehensive Income (Loss)

The following is a summary of the accumulated other comprehensive income (loss) balances, net of tax (in thousands):

	Net unrealized gain (loss) on available for sale securities			Unrealized loss on pension benefits			Unrealized loss on SERP benefits			Total
Balance at January 1, 2022	$	(202	)	$	(2,996	)	$	(155	)	$	(3,353	)
Other comprehensive loss before reclassifications		(2,933	)		-			-			(2,933	)
Amounts reclassified from accumulated other    comprehensive income		-			38			17			55
Less tax effect		615			(8	)		(4	)		603
Net other comprehensive (loss) income		(2,318	)		30			13			(2,275	)
Balance at March 31, 2022	$	(2,520	)	$	(2,966	)	$	(142	)	$	(5,628	)

	Net unrealized gain (loss) on available for sale securities			Unrealized loss on pension benefits			Unrealized loss on SERP benefits			Total
Balance at January 1, 2021	$	413		$	(6,153	)	$	(205	)	$	(5,945	)
Other comprehensive loss before reclassifications		(565	)		-			-			(565	)
Amounts reclassified from accumulated other    comprehensive income		(52	)		305			14			267
Less tax effect		129			(64	)		(2	)		63
Net other comprehensive (loss) income		(488	)		241			12			(235	)
Balance at March 31, 2021	$	(75	)	$	(5,912	)	$	(193	)	$	(6,180	)

	Net unrealized gain (loss) on available for sale securities			Unrealized loss on pension benefits			Unrealized loss on SERP benefits			Total
Balance at July 1, 2021	$	137		$	(3,055	)	$	(181	)	$	(3,099	)
Other comprehensive loss before reclassifications		(3,363	)		-			-			(3,363	)
Amounts reclassified from accumulated other    comprehensive income		-			113			49			162
Tax effect		706			(24	)		(10	)		672
Net other comprehensive (loss) income		(2,657	)		89			39			(2,529	)
Balance at March 31, 2022	$	(2,520	)	$	(2,966	)	$	(142	)	$	(5,628	)

	Net unrealized gain (loss) on available for sale securities			Unrealized loss on pension benefits			Unrealized loss on SERP benefits			Total
Balance at July 1, 2020	$	428		$	(6,605	)	$	(226	)	$	(6,403	)
Other comprehensive income before    reclassifications		(584	)		-			-			(584	)
Amounts reclassified from accumulated other    comprehensive income		(52	)		877			42			867
Tax effect		133			(184	)		(9	)		(60	)
Net other comprehensive (loss) income		(503	)		693			33			223
Balance at March 31, 2021	$	(75	)	$	(5,912	)	$	(193	)	$	(6,180	)