Accumulated Other Comprehensive Income (AOCI)

12 Months Ended

Jun. 30, 2024

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)	2024		2023
Net unrealized loss on securities available-for-sale	$	(22,339)	$	(28,062)
Net unrealized gain on securities available-for-sale securities for which a portion of impairment has been recognized in income		(1)		(1)
Unrealized gain from defined benefit pension plan		(27)		(32)
		(22,367)		(28,095)
Tax effect		4,912		6,170
Net of tax amount	$	(17,455)	$	(21,925)

Amounts reclassified from AOCI and the affected line items in the consolidated statements of income during the years ended June 30, 2024 and 2023, were as follows:

	Amounts Reclassified From AOCI
(dollars in thousands)					Affected Line Item in the Condensed
	2024		2023		Consolidated Statements of Income
Unrealized gain on securities available-for-sale	$	(1,489)	$	—		Net realized gains on sale of AFS securities
Amortization of defined benefit pension items	$	5	$	5		Compensation and benefits (included in computation of net periodic pension costs)
Total reclassified amount before tax		(1,484)		5
Tax benefit		(312)		1		Provision for income tax
Total reclassification out of AOCI	$	(1,172)	$	4		Net Income