Accumulated Other Comprehensive Income (AOCI)

12 Months Ended

Jun. 30, 2022

Accumulated Other Comprehensive Income (AOCI)

Accumulated Other Comprehensive Income (AOCI)

NOTE 10: Accumulated Other Comprehensive Income (AOCI)

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

	June 30,
(dollars in thousands)	2022		2021
Net unrealized gain (loss) on securities available-for-sale	$	(22,366)	$	3,734
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 gain from defined benefit pension plan		(37)		(26)
		(22,404)		3,707
Tax effect		4,917		(825)
Net of tax amount	$	(17,487)	$	2,882

Amounts reclassified from AOCI and the affected line items in the consolidated statements of income during the years ended June 30, 2022 and 2021, were as follows:

	Amounts Reclassified From AOCI
(dollars in thousands)					Affected Line Item in the Condensed
	2022		2021		Consolidated Statements of Income
Unrealized gain on securities available-for-sale	$	—	$	90		Net realized gains on sale of AFS securities
Amortization of defined benefit pension items:		(11)		6		Compensation and benefits (included in computation of net periodic pension costs)
Total reclassified amount before tax		(11)		96
Tax benefit		(2)		20		Provision for income tax
Total reclassification out of AOCI	$	(9)	$	76		Net Income