Other Comprehensive Income

3 Months Ended

Sep. 30, 2022

Other Comprehensive Income

Other Comprehensive Income

Note 7- Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component for the three months ended September 30, 2022 and 2021, follows:

	Unrealized
	Gains and		Unrealized
	Losses on		Losses on
	Available		Held to
	for Sale Debt		Maturity Debt
	Securities		Securities		Total
September 30, 2022
Balance, beginning of period	$	(318,344)	$	(50,685)	$	(369,029)
Other comprehensive loss before reclassifications (net of tax)		(129,271)		—		(129,271)
Amortization of amounts transferred from debt securities available for sale to held to maturity (a)		—		1,461		1,461
Balance, end of period	$	(447,615)	$	(49,224)	$	(496,839)

(a) The reclassification adjustment is reflected in the Consolidated Statements of Income as Interest Income-Debt Securities.

	Unrealized
	Gains and		Unrealized
	Losses on		Losses on
	Available		Held to
	for Sale Debt		Maturity Debt
	Securities		Securities		Total
September 30, 2021
Balance, beginning of period	$	188,558	$	(67,891)	$	120,667
Other comprehensive loss before reclassifications (net of tax)		(4,186)		—		(4,186)
Amortization of amounts transferred from debt securities available for sale to held to maturity (a)		—		5,119		5,119
Balance, end of period	$	184,372	$	(62,772)	$	121,600

(a) The reclassification adjustment is reflected in the Consolidated Statements of Income as Interest Income-Debt Securities.