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Note 13: Accumulated Other Comprehensive Income (AOCI)
12 Months Ended
Jun. 30, 2019
Notes  
Note 13: Accumulated Other Comprehensive Income (AOCI)

NOTE 13:  Accumulated Other Comprehensive Income (AOCI)

 

The components of AOCI, included in stockholders’ equity, are as follows:

 

 

 June 30,

(dollars in thousands)

2019

2018

Net unrealized gain (loss) on securities available-for-sale

 $                             1,655

 $                           (3,041)

Net unrealized gain on securities available-for-sale

 

 

securities for which a portion of an other-than-temporary

 

 

impairment has been recognized in income

                                     (1)

                                     (1)

Unrealized loss from defined benefit pension plan

                                   (39)

                                   (29)

 

                                1,615

                              (3,071)

Tax effect

                                 (368)

                                   726

Net of tax amount

 $                             1,247

 $                           (2,345)

 

                Amounts reclassified from AOCI and the affected line items in the statements of income during the years ended June 30, 2019 and 2018, were as follows:

 

 

Amounts Reclassified From AOCI

 

(dollars in thousands)

2019

2018

 Affected Line Item in the Condensed Consolidated Statements of Income

Unrealized gain on securities available-for-sale

$                                244

$                                334

Net realized gains on sale of AFS securities

Amortization of defined benefit pension items:

                                   (10)

                                   (44)

Compensation and benefits (included in computation of net periodic pension costs)

Total reclassified amount before tax

                                   234

                                   290

 

Tax benefit

                                     49

                                     81

Provision for Income Tax

Total reclassification out of AOCI

$                                185

$                                209

Net Income