OTHER COMPREHENSIVE INCOME

6 Months Ended

Dec. 31, 2024

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME

11.     OTHER COMPREHENSIVE INCOME

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

Details About Accumulated Other									Affected Line Item in the Statement
Comprehensive Income (Loss) Components									Where Net Income is Presented
		Six Months Ended			Fiscal Year Ended
		December 31,			June 30,
	2024		2023		2024		2023
Unrealized gains/losses on securities (before tax):
Net (gains) losses included in net income	$	(165)	$	5,645	$	5,645	$	—	Net gain (loss) on securities available for sale transactions
Tax expense (benefit)		43		(1,475)		(1,475)		—	Income tax expense
Net of tax		(122)		4,170		4,170		—
Amortization of defined benefit plan items (before tax):
Net actuarial gain		(175)		—		(30)		(16)
Tax benefit		46		—		8		4	Income tax expense
Net of tax		(129)		—		(22)		(12)
Total reclassification for the period, net of tax	$	(251)	$	4,170	$	4,148	$	(12)

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

	For the Six Months Ended December 31,
					Accumulated
	Unrealized				Other
	Gains/Losses		Defined		Comprehensive
	on Securities		Benefit Plans		Income (Loss)
2024:
Accumulated other comprehensive income (loss) as of July 1, 2024	$	(2,734)	$	7,676	$	4,942
Other comprehensive income before reclassifications		496		356		852
Amounts reclassified from accumulated other comprehensive income		(122)		(129)		(251)
Accumulated other comprehensive income (loss) as of December 31, 2024	$	(2,360)	$	7,903	$	5,543
2023:
Accumulated other comprehensive (loss) income as of July 1, 2023	$	(13,702)	$	4,134	$	(9,568)
Other comprehensive income before reclassifications		5,579		—		5,579
Amounts reclassified from accumulated other comprehensive income		4,170		—		4,170
Accumulated other comprehensive income (loss) as of December 31, 2023	$	(3,953)	$	4,134	$	181

	For the Fiscal Year Ended June 30,
					Accumulated
	Unrealized				Other
	Gains/Losses		Defined		Comprehensive
	on Securities		Benefit Plans		Income (Loss)
2024:
Accumulated other comprehensive (loss) income as of July l, 2023	$	(13,702)	$	4,134	$	(9,568)
Other comprehensive income before reclassifications		6,798		3,564		10,362
Amounts reclassified from accumulated other comprehensive income		4,170		(22)		4,148
Accumulated other comprehensive income (loss) as of June 30, 2024	$	(2,734)	$	7,676	$	4,942
2023:
Accumulated other comprehensive loss as of July l, 2022	$	(10,872)	$	(308)	$	(11,180)
Other comprehensive income (loss) before reclassifications		(2,830)		4,454		1,624
Amounts reclassified from accumulated other comprehensive loss		—		(12)		(12)
Accumulated other comprehensive (loss) income as of June 30, 2023	$	(13,702)	$	4,134	$	(9,568)

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

	For the Six Months Ended
	December 31,
	2024		2023
Unrealized gains on securities:
Unrealized holdings gains arising during the period	$	176	$	1,975
Reclassification adjustment for (gains) losses included in net income		(43)		1,475
		133		3,450
Defined benefit plans:
Change in funded status		126		—
Reclassification adjustment for amortization of net actuarial gain		(46)		—
		80		—
	$	213	$	3,450

	For the Fiscal Year Ended
	June 30,
	2024		2023
Unrealized gains (losses) on securities:
Unrealized holdings gains (losses) arising during the period	$	2,406	$	(1,002)
Reclassification adjustment for losses included in net income		1,475		—
		3,881		(1,002)
Defined benefit plans:
Change in funded status		1,262		1,576
Reclassification adjustment for amortization of net actuarial gain		(8)		(4)
		1,254		1,572
	$	5,135	$	570