Comprehensive Income (Loss) |
Comprehensive Income (Loss) The components of accumulated other comprehensive loss included in stockholders’ equity are as follows: | | | | | | | | | | | | | June 30, | | 2025 | | 2024 | | (In Thousands) | Net unrealized loss on securities available for sale | $ | (112,142) | | | $ | (130,673) | | Tax effect | 32,542 | | | 37,683 | | Net of tax amount | (79,600) | | | (92,990) | | | | | | Fair value adjustments on derivatives | 9,770 | | | 41,673 | | Tax effect | (2,844) | | | (12,085) | | Net of tax amount | 6,926 | | | 29,588 | | | | | | Benefit plan adjustments | 946 | | | 337 | | Tax effect | (276) | | | (98) | | Net of tax amount | 670 | | | 239 | | | | | | Total accumulated other comprehensive loss | $ | (72,004) | | | $ | (63,163) | |
Other comprehensive income (loss) and related tax effects are presented in the following table: | | | | | | | | | | | | | | | | | | | Years Ended June 30, | | 2025 | | 2024 | | 2023 | | (In Thousands) | Net unrealized gain (loss) on securities available for sale | $ | 18,531 | | | $ | 7,330 | | | $ | (53,334) | | | | | | | | | | | | | | | | | | | | Net realized loss on securities available for sale (1) | — | | | 18,135 | | | 15,227 | | | | | | | | Fair value adjustments on derivatives | (31,903) | | | (16,741) | | | 18,609 | | | | | | | | Benefit plans: | | | | | | (Accretion) amortization of net actuarial (gain) loss (2) | (106) | | | (58) | | | (24) | | Net actuarial gain | 715 | | | 127 | | | 381 | | Net change in benefit plan accrued expense | 609 | | | 69 | | | 357 | | | | | | | | Other comprehensive (loss) income before taxes | (12,763) | | | 8,793 | | | (19,141) | | Tax effect | 3,922 | | | (2,500) | | | 5,412 | | Total other comprehensive (loss) income | $ | (8,841) | | | $ | 6,293 | | | $ | (13,729) | |
________________________________________ (1)Represents amounts reclassified out of accumulated other comprehensive loss and included in loss on sale of securities on the Consolidated Statements of Income (Loss). (2)Represents amounts reclassified out of accumulated other comprehensive (loss) income and included in the computation of net periodic pension expense. See Note 12 – Benefit Plans for additional information.
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