Accumulated Other Comprehensive Income (AOCI)

12 Months Ended

Jun. 30, 2020

Accumulated Other Comprehensive Income (AOCI)

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)	2020		2019
Net unrealized gain on securities available-for-sale	$	5,744	$	1,655
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		(32)		(39)
		5,711		1,615
Tax effect		(1,264)		(368)
Net of tax amount	$	4,447	$	1,247

Amounts reclassified from AOCI and the affected line items in the statements of income during the years ended June 30, 2020 and 2019, were as follows:

	Amounts Reclassified From AOCI
(dollars in thousands)					Affected Line Item in the Condensed
	2020		2019		Consolidated Statements of Income
Unrealized gain on securities available-for-sale	$	—	$	244	Net realized gains on sale of AFS securities
Amortization of defined benefit pension items:		6		(10)	Compensation and benefits (included in computation of net periodic pension costs)
Total reclassified amount before tax		6		234
Tax benefit		1		49	Provision for Income Tax
Total reclassification out of AOCI	$	5	$	185	Net Income