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Comprehensive Income
12 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Comprehensive Income

Note 19 – Comprehensive Income

The components of accumulated other comprehensive income (loss) included in stockholders’ equity are as follows:

 

 

June 30,

 

 

2018

 

 

2017

 

 

(In Thousands)

 

Net unrealized loss on securities available for sale

$

(4,321

)

 

$

(2,385

)

Tax effect

 

1,159

 

 

 

975

 

Net of tax amount

 

(3,162

)

 

 

(1,410

)

 

 

 

 

 

 

 

 

Net unrealized loss on securities available for sale

  transferred to held to maturity

 

(887

)

 

 

(1,109

)

Tax effect

 

249

 

 

 

453

 

Net of tax amount

 

(638

)

 

 

(656

)

 

 

 

 

 

 

 

 

Fair value adjustments on derivatives

 

31,881

 

 

 

6,319

 

Tax effect

 

(8,961

)

 

 

(2,582

)

Net of tax amount

 

22,920

 

 

 

3,737

 

 

 

 

 

 

 

 

 

Benefit plan adjustments

 

(813

)

 

 

(1,061

)

Tax effect

 

228

 

 

 

434

 

Net of tax amount

 

(585

)

 

 

(627

)

 

 

 

 

 

 

 

 

Total accumulated other comprehensive income

$

18,535

 

 

$

1,044

 

 

Note 19 – Comprehensive Income (continued)

Other comprehensive income (loss) and related tax effects are presented in the following table:

 

 

Years Ended June 30,

 

 

 

2018

 

 

 

2017

 

 

 

2016

 

 

(In Thousands)

 

Net unrealized holding (loss) gain  on

  securities available for sale

$

(1,919

)

 

$

1,923

 

 

$

(4,564

)

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of unrealized holding gain (loss) on

  securities available for sale transferred to

  held to maturity (1)

 

222

 

 

 

(53

)

 

 

9

 

 

 

 

 

 

 

 

 

 

 

 

 

Net realized (gain) loss on securities available for sale (2)

 

(17

)

 

 

402

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair value adjustments on derivatives

 

25,560

 

 

 

27,637

 

 

 

(10,187

)

 

 

 

 

 

 

 

 

 

 

 

 

Benefit plans:

 

 

 

 

 

 

 

 

 

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

Actuarial loss (3)

 

45

 

 

 

66

 

 

 

37

 

Past service cost (3)

 

-

 

 

 

-

 

 

 

22

 

New actuarial gain (loss)

 

205

 

 

 

219

 

 

 

(911

)

Net change in benefit plan accrued expense

 

250

 

 

 

285

 

 

 

(852

)

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) before taxes

 

24,096

 

 

 

30,194

 

 

 

(15,594

)

Tax effect

 

(7,986

)

 

 

(12,363

)

 

 

6,568

 

Total comprehensive income (loss)

$

16,110

 

 

$

17,831

 

 

$

(9,026

)

 

(1)

Represents amounts reclassified out of accumulated other comprehensive income and included in interest income on taxable   securities.

(2)

Represents amounts reclassified out of accumulated other comprehensive income and included in gain on sale of securities on the consolidated statements of income.

(3)

Represents amounts reclassified out of accumulated other comprehensive income and included in the computation of net periodic pension expense.  See Note 14 – Benefit Plans for additional information.