The balances and changes in the components of accumulated other comprehensive loss as of June 30, 2025 and 2024, are presented in the following table:
| | | | | | | | | | | | | |
| | |
|
Unrealized
losses on
securities
available-
for-sale
| |
| |
Pension
benefits
| |
| |
Total
| |
|
Balance - June 30, 2023
| |
$ | (20,531 | ) |
| $ | (877 | ) |
| $ | (21,408 | ) |
|
Other comprehensive income before reclassification, net of tax
| |
| 1,349 | |
| | 292 | |
| | 1,641 | |
|
Amortization of pension actuarial losses recognized in other expense
| |
| - | |
| | 77 | |
| | 77 | |
|
Tax expense effect recognized in provision for income taxes
| |
| - | |
| | 20 | |
| | 20 | |
|
Net of tax
| |
| - | |
| | 57 | |
| | 57 | |
|
Other comprehensive income for the year ended June 30, 2024
| |
| 1,349 | |
| | 349 | |
| | 1,698 | |
|
Balance - June 30, 2024
| |
$ | (19,182 | ) |
| $ | (528 | ) |
| $ | (19,710 | ) |
|
Other comprehensive income before reclassification, net of tax
| |
| 5,576 | |
| | 89 | |
| | 5,665 | |
|
Reclassification adjustment for loss on sale of securities available-for-sale realized in net income, gross
| |
| 665 | |
| | - | |
| | 665 | |
|
Tax expense effect recognized in provision for income taxes
| |
| 178 | |
| | - | |
| | 178 | |
|
Net of tax
| |
| 487 | |
| | - | |
| | 487 | |
|
Amortization of pension actuarial losses recognized in other expense
| |
| - | |
| | 30 | |
| | 30 | |
|
Tax expense effect recognized in provision for income taxes
| |
| - | |
| | 8 | |
| | 8 | |
|
Net of tax
| |
| - | |
| | 22 | |
| | 22 | |
|
Other comprehensive income for the year ended June 30, 2025
| |
| 6,063 | |
| | 111 | |
| | 6,174 | |
|
Balance - June 30, 2025
| |
$ | (13,119 | ) |
| $ | (417 | ) |
| $ | (13,536 | ) |
|