Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Sep. 30, 2022

Accumulated Other Comprehensive Income (Loss)

ACCUMULATED OTHER COMPREHENSIVE INCOME

Note 18. Accumulated Other Comprehensive Income (Loss)

The following presents changes in accumulated other comprehensive income (loss) by component, net of tax, for the years ended September 30, 2022 and 2021:

	Unrealized Gains and
	Losses on Available-
	for-Sale Debt
(in thousands)	Securities
Balance at October 1, 2021	$	256
Other comprehensive loss, before reclassification		(795)
Amount reclassified from accumulated other comprehensive income		(81)
Net current period other comprehensive loss		(876)
Balance at September 30, 2022	$	(620)

	Unrealized Gains and
	Losses on Available-
	for-Sale Debt
(in thousands)	Securities
Balance at October 1, 2020	$	156
Other comprehensive income, before reclassification		291
Amount reclassified from accumulated other comprehensive income		(191)
Net current period other comprehensive income		100
Balance at September 30, 2021	$	256

The following represents the reclassification out of accumulated other comprehensive income for the years ended September 30, 2022 and 2021:

	Year Ended
	September 30,				Affected Line Item in Consolidated
(in thousands)	2022		2021		Statements of Income
Realized gains on securities available-for-sale	$	105	$	240	Gain on sale of investment securities available-for-sale, net
Tax effect		24		49	Income tax expense
Net of tax	$	81	$	191