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OTHER COMPREHENSIVE INCOME (Tables)
12 Months Ended
Jun. 30, 2022
OTHER COMPREHENSIVE LOSS  
Schedule of reclassifications out of accumulated other comprehensive loss

Reclassifications out of accumulated other comprehensive loss were as follows (dollars in thousands):

Details About Accumulated Other

Affected Line Item in the Statement

Comprehensive Loss Components

Where Net Income is Presented

Year Ended

    

June 30, 

    

  

    

2022

2021

    

Unrealized gains/losses on securities (before tax):

Net gains included in net income

$

38

 

$

 

Net gain on securities transactions

Tax expense

 

(9)

 

 

 

Income tax expense

Net of tax

 

29

 

 

 

  

Amortization of defined benefit plan items (before tax):

 

  

 

 

  

 

  

Settlement recognition

 

(334)

 

 

 

Salaries and employee benefits

Net actuarial loss

 

 

 

(1,698)

 

Salaries and employee benefits

Tax benefit

 

87

 

 

443

 

Income tax expense

Net of tax

 

(247)

 

 

(1,255)

 

  

Total reclassification for the period, net of tax

$

(218)

 

$

(1,255)

 

  

Schedule of changes in components of accumulated other comprehensive income (loss), net of tax

The balances and changes in the components of accumulated other comprehensive income (loss), net of tax are as follows (dollars in thousands):

For the Year Ended June 30, 

    

    

    

Accumulated

Unrealized

Other

Gains/Losses

Defined

Comprehensive

on Securities

Benefit Plans

Loss

2022:

Accumulated other comprehensive loss as of July l, 2021

$

164

(5,289)

$

(5,125)

Other comprehensive loss before reclassifications

 

(11,007)

 

4,734

 

(6,273)

Amounts reclassified from accumulated other comprehensive income

 

(29)

 

247

 

218

Accumulated other comprehensive loss as of June 30, 2022

$

(10,872)

$

(308)

$

(11,180)

2021:

Accumulated other comprehensive loss as of July l, 2020

380

(17,750)

(17,370)

Other comprehensive loss before reclassifications

(216)

 

11,206

 

10,990

Amounts reclassified from accumulated other comprehensive income

1,255

1,255

Accumulated other comprehensive loss as of June 30, 2021

$

164

$

(5,289)

$

(5,125)

Schedule of income tax expense (benefit) allocated to component of other comprehensive income (loss)

The amounts of income tax expense (benefit) allocated to each component of other comprehensive income (loss) were as follows (dollars in thousands):

For the Year Ended

June 30, 

    

2022

    

2021

Unrealized losses on securities:

Unrealized holdings losses arising during the period

$

(3,896)

$

(76)

Reclassification adjustment for gains included in net income

 

(9)

 

 

(3,905)

 

(76)

Defined benefit plans:

Change in funded status

 

1,676

 

3,966

Reclassification adjustment for settlement recognition

 

87

 

Reclassification adjustment for amortization of net actuarial loss

 

 

443

 

1,763

 

4,409

$

(2,142)

$

4,333