Accumulated Other Comprehensive Income (AOCI)

12 Months Ended

Jun. 30, 2023

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)	2023		2022
Net unrealized loss on securities available-for-sale	$	(28,062)	$	(22,366)
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)		(37)
		(28,095)		(22,404)
Tax effect		6,170		4,917
Net of tax amount	$	(21,925)	$	(17,487)

Amounts reclassified from AOCI and the affected line items in the consolidated statements of income during the years ended June 30, 2023 and 2022, were as follows:

	Amounts Reclassified From AOCI
(dollars in thousands)					Affected Line Item in the Condensed
	2023		2022		Consolidated Statements of Income
Amortization of defined benefit pension items	$	5	$	(11)		Compensation and benefits (included in computation of net periodic pension costs)
Total reclassified amount before tax		5		(11)
Tax benefit		1		(2)		Provision for income tax
Total reclassification out of AOCI	$	4	$	(9)		Net Income