EMPLOYEE BENEFIT PLANS (Tables)

6 Months Ended

Dec. 31, 2022

Pioneer Bank ESOP

EMPLOYEE BENEFIT PLANS

Schedule of shares held by the ESOP

	As of December 31,
	2022	2021
Allocated	152,748	101,832
Committed to be allocated	50,916	50,916
Unallocated	814,661	865,577
Total shares	1,018,325	1,018,325

Pension plan

EMPLOYEE BENEFIT PLANS

Summary of net periodic cost included in the Company's consolidated statements of income

Net periodic pension cost included in salaries and employee benefits in the Company’s consolidated statements of operations included the following components (dollars in thousands):

	For the Three Months Ended				For the Six Months Ended
	December 31,				December 31,
	2022		2021		2022		2021
Service cost	$	323	$	764	$	767	$	1,528
Interest cost		436		514		943		1,028
Expected return on plan assets		(615)		(1,031)		(1,347)		(2,062)
Amortization of net actuarial loss		—		5		—		10
Net periodic pension cost	$	144	$	252	$	363	$	504

Post-retirement benefit plan

EMPLOYEE BENEFIT PLANS

Summary of net periodic cost included in the Company's consolidated statements of income

Net periodic post-retirement benefit cost included in salaries and employee benefits in the Company’s consolidated statements of operations included the following components (dollars in thousands):

	For the Three Months Ended				For the Six Months Ended
	December 31,				December 31,
	2022		2021		2022		2021
Service cost	$	5	$	6	$	11	$	18
Interest cost		16		12		34		27
Amortization of net actuarial gain		(5)		—		(8)		—
Net periodic post-retirement benefit cost	$	16	$	18	$	37	$	45