Accumulated Other Comprehensive Income (AOCI)

12 Months Ended

Jun. 30, 2021

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)	2021		2020
Net unrealized gain on securities available-for-sale	$	3,734	$	5,744
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		(26)		(32)
		3,707		5,711
Tax effect		(825)		(1,264)
Net of tax amount	$	2,882	$	4,447

Amounts reclassified from AOCI and the affected line items in the consolidated statements of income during the years ended June 30, 2021 and 2020, were as follows:

	Amounts Reclassified From AOCI
(dollars in thousands)					Affected Line Item in the Condensed
	2021		2020		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:		6		6		Compensation and benefits (included in computation of net periodic pension costs)
Total reclassified amount before tax		96		6
Tax benefit		20		1		Provision for income tax
Total reclassification out of AOCI	$	76	$	5		Net Income