v3.25.2
Benefit Plans (Tables)
 12 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Schedule of Net Periodic Benefit Expense
The following table sets forth the aggregate net periodic benefit expense for the Bank’s Benefit Equalization Plan, Postretirement Welfare Plan, Directors’ Consultation and Retirement Plan, Atlas Bank Retirement Income Plan and Supplemental Executive Retirement Plan:
Year Ended June 30, Affected Line Item in the Consolidated Statements of Income
202520242023
(In Thousands)
Service cost$71 $77 $281 Salaries and employee benefits
Interest cost360 369 369 Other expense
(Accretion) amortization of unrecognized (gain) loss(106)(58)(24)Other expense
Expected return on assets625 (92)(99)Other expense
Net periodic benefit cost$950 $296 $527 
Years Ended June 30,
202520242023
(In Thousands)
Net periodic benefit cost:
Interest cost$82 $81 $78 
Expected return on assets(90)(93)(99)
Amortization of net loss33 42 28 
Total expense$25 $30 $7 
Valuation assumptions
Discount rate5.50 %5.00 %4.50 %
Long term rate of return on plan assets3.50 %3.50 %3.50 %
Years Ended June 30,
202520242023
(In Thousands)
Net periodic benefit cost:
Interest cost$117 $115 $111 
Amortization of net actuarial loss38 42 46 
Total expense$155 $157 $157 
Valuation assumptions
Discount rate5.50 %5.00 %4.50 %
Salary increase rateN/AN/AN/A
Years Ended June 30,
202520242023
(In Thousands)
Net periodic benefit cost:
Service cost$71 $79 $95 
Interest cost57 50 48 
Amortization of net actuarial gain(48)(42)(28)
Total expense$80 $87 $115 
Valuation assumptions
Discount rate5.50 %5.00 %4.50 %
Salary increase rate3.25 %3.25 %3.25 %
Years Ended June 30,
202520242023
(In Thousands)
Net periodic benefit cost:
Interest cost$130 $124 $117 
Amortization of net actuarial gain(128)(99)(69)
Total expense$2 $25 $48 
Valuation assumptions
Discount rate5.50 %5.00 %4.50 %
Salary increase rateN/AN/AN/A
Year Ended June 30,
20252024
(In Thousands)
Net periodic benefit cost:
Service cost$— $— 
Interest cost— — 
Total expense$— $— 
Valuation assumptions
Discount rate— %— %
Salary increase rate— %— %
Employee Stock Ownership Plan (ESOP) Disclosures
At June 30, 2025 and 2024, the ESOP shares were as follows:
June 30,
20252024
(In Thousands)
Shares purchased by ESOP6,022 6,022 
Less: Shares allocated3,965 3,764 
Less: Shares committed to be released100 100 
Remaining unearned ESOP shares1,957 2,158 
Fair value of unearned ESOP shares$12,642 $13,272 
Schedule of Net Funded Status
The following tables set forth the ABRIP’s funded status and net periodic benefit cost:
June 30,
20252024
(In Thousands)
Change in benefit obligation:
Projected benefit obligation - beginning$1,570 $1,700 
Interest cost82 81 
Actuarial gain17 (51)
Benefit payments(148)(160)
Projected benefit obligation - ending$1,521 $1,570 
Change in plan assets:
Fair value of assets - beginning$2,649 $2,717 
Actual return on assets147 92 
Benefit payments(148)(160)
Fair value of assets - ending$2,648 $2,649 
Reconciliation of funded status:
Projected benefit obligation$(1,521)$(1,570)
Fair value of assets2,648 2,649 
Funded status included in other assets$1,127 $1,079 
Accumulated benefit obligation$(1,521)$(1,570)
Valuation assumptions
Discount rate5.75 %5.50 %
Salary increase rateN/AN/A
The following tables set forth the BEP’s funded status and components of net periodic benefit cost:
June 30,
20252024
(In Thousands)
Change in benefit obligation:
Projected benefit obligation - beginning$2,254 $2,425 
Interest cost117 115 
Actuarial gain(351)(40)
Benefit payments(196)(246)
Projected benefit obligation - ending$1,824 $2,254 
Change in plan assets:
Fair value of assets - beginning$— $— 
Contributions196 246 
Benefit payments(196)(246)
Fair value of assets - ending$— $— 
Reconciliation of funded status:
Accumulated benefit obligation$(1,824)$(2,254)
Projected benefit obligation$(1,824)$(2,254)
Fair value of assets— — 
Funded status included in other liabilities$(1,824)$(2,254)
Valuation assumptions
Discount rate5.75 %5.50 %
Salary increase rateN/AN/A
The following tables set forth the accrued accumulated postretirement benefit obligation and the net periodic benefit cost:
June 30,
20252024
(In Thousands)
Change in benefit obligation:
Projected benefit obligation - beginning$1,062 $1,036 
Service cost71 79 
Interest cost57 50 
Actuarial gain(201)(90)
Premiums/claims paid(13)(13)
Plan amendments— — 
Projected benefit obligation - ending$976 $1,062 
Change in plan assets:
Fair value of assets - beginning$— $— 
Contributions13 13 
Premiums/claims paid(13)(13)
Fair value of assets - ending$— $— 
Reconciliation of funded status:
Projected benefit obligation$(976)$(1,062)
Fair value of assets— — 
Funded status included in other liabilities$(976)$(1,062)
Valuation assumptions
Discount rate5.75 %5.50 %
Salary increase rate3.25 %3.25 %
The following table sets forth the DCRP’s funded status and components of net periodic cost:
June 30,
20252024
(In Thousands)
Change in benefit obligation:
Projected benefit obligation - beginning$2,414 $2,520 
Interest cost130 124 
Actuarial gain18 (181)
Benefit payments(79)(49)
Projected benefit obligation - ending$2,483 $2,414 
Change in plan assets:
Fair value of assets - beginning$— $— 
Contributions79 49 
Benefit payments(79)(49)
Fair value of assets - ending$— $— 
Reconciliation of funded status:
Accumulated benefit obligation$(2,483)$(2,414)
Projected benefit obligation$(2,483)$(2,414)
Fair value of assets— — 
Funded status included in other liabilities$(2,483)$(2,414)
Valuation assumptions
Discount rate5.75 %5.50 %
Salary increase rateN/AN/A
The following tables set forth the SERP’s funded status and net periodic benefit cost:
June 30,
20252024
(In Thousands)
Change in benefit obligation:
Projected benefit obligation - beginning$633 $633 
Service cost— — 
Interest cost— — 
Projected benefit obligation - ending$633 $633 
Reconciliation of funded status:
Projected benefit obligation$(633)$(633)
Fair value of assets— — 
Funded status included in other liabilities$(633)$(633)
Valuation assumptions
Discount rate— %— %
Salary increase rateN/AN/A
Schedule of Expected Benefit Payments
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:
Benefit Payments
(In Thousands)
Years ending June 30:
2026$154 
2027150 
2028146 
2029142 
2030137 
2031-2035604 
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:
Benefit Payments
(In Thousands)
Years ending June 30:
2026$176 
2027177 
2028178 
2029178 
2030178 
2031-2035843 
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:
Benefit Payments
(In Thousands)
Years ending June 30:
2026$62 
202770 
202886 
2029100 
2030106 
2031-2035499 
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:
Benefit Payments
(In Thousands)
Years ending June 30:
2026$176 
2027192 
2028207 
2029256 
2030299 
2031-20351,308 
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:
Benefit Payments
(In Thousands)
Years ending June 30:
2026$— 
2027— 
2028— 
2029— 
2030— 
2031-2035633 
Schedule of Fair Value of ABRIP's Assets
The fair value of the ABRIP’s assets at June 30, 2025 and 2024 by asset category (see Note 18 for the definitions of levels), are as follows:
June 30, 2025
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
(In Thousands)
Empower Guaranteed Deposit Fund$— $2,648 $— $2,648 
June 30, 2024
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
(In Thousands)
Empower Guaranteed Deposit Fund$— $2,649 $— $2,649