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OTHER COMPREHENSIVE INCOME (LOSS)
6 Months Ended
Dec. 31, 2022
OTHER COMPREHENSIVE INCOME (LOSS)  
OTHER COMPREHENSIVE INCOME (LOSS)

8.OTHER COMPREHENSIVE INCOME (LOSS)

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

Details About Accumulated Other

Amount Reclassified from Accumulated

Affected Line Item in the Statement

Comprehensive Income (Loss) Components

Other Comprehensive Loss

Where Net Income is Presented

Three Months Ended

Six Months Ended

    

December 31, 

December 31, 

    

  

    

2022

    

2021

    

2022

2021

    

Unrealized gains/losses on securities (before tax):

Net gains included in net income

$

$

$

 

$

4

 

Net gain on securities transactions

Tax expense

 

 

 

 

 

(1)

 

Income tax expense

Net of tax

 

 

 

 

 

3

 

  

Amortization of defined benefit plan items (before tax):

 

  

 

  

 

  

 

 

  

 

  

Net actuarial loss

 

 

 

 

 

 

Salaries and employee benefits

Tax benefit

 

 

 

 

 

 

Income tax expense

Net of tax

 

 

 

 

 

 

  

Total reclassification for the period, net of tax

$

$

$

 

$

3

 

  

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

For the Three Months Ended December 31, 

    

    

    

Accumulated

Unrealized

Other

Gains/Losses

Defined

Comprehensive

on Securities

Benefit Plans

Loss

2022:

Accumulated other comprehensive loss as of October 1, 2022

$

(17,146)

$

(308)

$

(17,454)

Other comprehensive income before reclassifications

1,699

1,699

Accumulated other comprehensive loss as of December 31, 2022

$

(15,447)

$

(308)

$

(15,755)

2021:

Accumulated other comprehensive loss as of October 1, 2021

$

(23)

$

(5,289)

$

(5,312)

Other comprehensive loss before reclassifications

 

(1,551)

 

 

(1,551)

Accumulated other comprehensive loss as of December 31, 2021

$

(1,574)

$

(5,289)

$

(6,863)

For the Six Months Ended December 31, 

    

    

    

Accumulated

Unrealized

Other

Gains/Losses

Defined

Comprehensive

on Securities

Benefit Plans

Loss

2022:

Accumulated other comprehensive loss as of July l, 2022

$

(10,872)

$

(308)

$

(11,180)

Other comprehensive loss before reclassifications

 

(4,575)

 

 

(4,575)

Accumulated other comprehensive loss as of December 31, 2022

$

(15,447)

$

(308)

$

(15,755)

2021:

Accumulated other comprehensive loss as of July l, 2021

$

164

$

(5,289)

$

(5,125)

Other comprehensive loss before reclassifications

(1,735)

 

 

(1,735)

Amounts reclassified from accumulated other comprehensive loss

(3)

(3)

Accumulated other comprehensive loss as of December 31, 2021

$

(1,574)

$

(5,289)

$

(6,863)

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

For the Three Months Ended

December 31, 

    

2022

    

2021

Unrealized gains (losses) on securities:

 

  

 

  

Unrealized holdings gains (losses) arising during the period

$

601

$

(548)

Reclassification adjustment for gains included in net income

 

 

 

601

 

(548)

Defined benefit plans:

 

  

 

  

Change in funded status

 

 

Reclassification adjustment for amortization of net actuarial loss

 

 

 

 

$

601

$

(548)

For the Six Months Ended

December 31, 

    

2022

    

2021

Unrealized losses on securities:

Unrealized holdings losses arising during the period

$

(1,621)

$

(614)

Reclassification adjustment for gains included in net income

 

 

(1)

 

(1,621)

 

(615)

Defined benefit plans:

Change in funded status

 

 

Reclassification adjustment for amortization of net actuarial loss

 

 

 

 

$

(1,621)

$

(615)