Other Comprehensive Income (Loss)

6 Months Ended

Dec. 31, 2022

Other Comprehensive Income (Loss)

Other Comprehensive Income (Loss)

Note 7- Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component for the six months ended December 31, 2022 and 2021, follows:

	Unrealized
	Gains and		Unrealized
	Losses on		Losses on
	Available		Held to
	for Sale Debt		Maturity Debt
	Securities		Securities		Total
Six Months Ended December 31, 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, September 30, 2022		(447,615)		(49,224)		(496,839)
Other comprehensive losses before reclassifications (net of tax)		(199,467)		—		(199,467)
Amortization of amounts transferred from debt securities available for sale to held to maturity (a)		—		1,345		1,345
Amounts reclassified from accumulated other comprehensive loss, (net of tax) (b)		(17,462)		—		(17,462)
Balance, December 31, 2022	$	(664,544)	$	(47,879)	$	(712,423)

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

(b) The reclassification adjustment is reflected in the Consolidated Statements of Income as Net Gain on Securities Transactions ($24,000) and Provision for Income Taxes ($6,538).

	Unrealized
	Gains and		Unrealized
	Losses on		Losses on
	Available		Held to
	for Sale Debt		Maturity Debt
	Securities		Securities		Total
Six Months Ended December 31, 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, September 30, 2021		184,372		(62,772)		121,600
Other comprehensive loss before reclassifications (net of tax)		(47,240)		—		(47,240)
Amortization of amounts transferred from debt securities available for sale to held to maturity (a)		(10,185)		—		(10,185)
Amounts reclassified from accumulated other comprehensive income, (net of tax) (b)		—		4,217		4,217
Balance, December 31, 2021	$	126,947	$	(58,555)	$	68,392

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

(b) The reclassification adjustment is reflected in the Consolidated Statements of Income as Net Gain on Securities Transactions ($14,000) and Provision for Income Taxes of ($3,815).