| Schedule of reclassifications out of accumulated other comprehensive income (loss) |
Reclassifications out of accumulated other comprehensive income (loss) were as follows (dollars in thousands): | | | | | | | | | | | | | | | Details About Accumulated Other | | | | | | | | | | | | | | Affected Line Item in the Statement | Comprehensive Income Components | | | | | | | | | | | | | | Where Net Income is Presented | | | Year Ended | | | Six Months Ended | | Fiscal Year Ended | | | | | December 31, | | | December 31, | | June 30, | | | | | 2025 | | 2024 | | 2023 | | 2024 | | | Unrealized gains/losses on securities (before tax): | | | | | | | | | | | | | | | Net (gains) losses included in net income | | $ | — | | $ | (165) | | $ | 5,645 | | $ | 5,645 | | Net gain (loss) on securities available for sale transactions | Tax expense (benefit) | | | — | | | 43 | | | (1,475) | | | (1,475) | | Income tax expense | Net of tax | | | — | | | (122) | | | 4,170 | | | 4,170 | | | | | | | | | | | | | | | | | | Amortization of defined benefit plan items (before tax): | | | | | | | | | | | | | | | Net actuarial gain | | | (548) | | | (175) | | | — | | | (30) | | Other noninterest expense | Tax benefit | | | 144 | | | 46 | | | — | | | 8 | | Income tax expense | Net of tax | | | (404) | | | (129) | | | — | | | (22) | | | Total reclassification for the period, net of tax | | $ | (404) | | $ | (251) | | $ | 4,170 | | $ | 4,148 | | |
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| Schedule of changes in components of accumulated other comprehensive income (loss), net of tax |
The balances and changes in the components of accumulated other comprehensive income (loss), net of tax are as follows (dollars in thousands): | | | | | | | | | | | | For the Year Ended, | | | | | | | | | Accumulated | | | Unrealized | | | | | Other | | | Gains/Losses | | Defined | | Comprehensive | | | on Securities | | Benefit Plans | | Income (Loss) | December 31, 2025: | | | | | | | | | | Accumulated other comprehensive income (loss) as of January 1, 2025 | | $ | (2,360) | | $ | 7,903 | | $ | 5,543 | Other comprehensive income before reclassifications | | | 3,715 | | | 5,179 | | | 8,894 | Amounts reclassified from accumulated other comprehensive income | | | — | | | (404) | | | (404) | Accumulated other comprehensive income as of December 31, 2025 | | $ | 1,355 | | $ | 12,678 | | $ | 14,033 | | | | | | | | | | | June 30, 2024: | | | | | | | | | | Accumulated other comprehensive income (loss) as of July 1, 2023 | | $ | (13,702) | | $ | 4,134 | | $ | (9,568) | Other comprehensive income before reclassifications | | | 6,798 | | | 3,564 | | | 10,362 | Amounts reclassified from accumulated other comprehensive income | | | 4,170 | | | (22) | | | 4,148 | Accumulated other comprehensive income (loss) as of June 30, 2024 | | $ | (2,734) | | $ | 7,676 | | $ | 4,942 |
| | | | | | | | | | | | For the Six Months Ended December 31, | | | | | | | | | Accumulated | | | Unrealized | | | | | Other | | | Gains/Losses | | Defined | | Comprehensive | | | on Securities | | Benefit Plans | | Income (Loss) | 2024: | | | | | | | | | | Accumulated other comprehensive income (loss) as of July l, 2024 | | $ | (2,734) | | $ | 7,676 | | $ | 4,942 | Other comprehensive income before reclassifications | | | 496 | | | 356 | | | 852 | Amounts reclassified from accumulated other comprehensive income | | | (122) | | | (129) | | | (251) | Accumulated other comprehensive income (loss) as of December 31, 2024 | | $ | (2,360) | | $ | 7,903 | | $ | 5,543 | | | | | | | | | | | 2023: | | | | | | | | | | Accumulated other comprehensive income (loss) as of July 1, 2023 | | $ | (13,702) | | $ | 4,134 | | $ | (9,568) | Other comprehensive income before reclassifications | | | 5,579 | | | — | | | 5,579 | Amounts reclassified from accumulated other comprehensive income | | | 4,170 | | | — | | | 4,170 | Accumulated other comprehensive income (loss) as of December 31, 2023 | | $ | (3,953) | | $ | 4,134 | | $ | 181 |
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| Schedule of income tax expense (benefit) allocated to component of other comprehensive income (loss) |
The amounts of income tax expense (benefit) allocated to each component of other comprehensive income (loss) were as follows (dollars in thousands): | | | | | | | | | Year Ended | | Fiscal Year Ended | | | December 31, | | June 30, | | | 2025 | | 2024 | Unrealized gains on securities: | | | | | | | Unrealized holdings gains arising during the period | | $ | 1,314 | | $ | 2,406 | Reclassification adjustment for losses included in net income | | | — | | | 1,475 | | | | 1,314 | | | 3,881 | Defined benefit plans: | | | | | | | Change in funded status | | | 1,835 | | | 1,262 | Reclassification adjustment for amortization of net actuarial gain | | | (144) | | | (8) | | | | 1,691 | | | 1,254 | | | $ | 3,005 | | $ | 5,135 |
| | | | | | | | | For the Six Months Ended | | | December 31, | | | 2024 | | 2023 | Unrealized gains on securities: | | | | | | | Unrealized holdings gains arising during the period | | $ | 176 | | $ | 1,975 | Reclassification adjustment for (gains) losses included in net income | | | (43) | | | 1,475 | | | | 133 | | | 3,450 | Defined benefit plans: | | | | | | | Change in funded status | | | 126 | | | — | Reclassification adjustment for amortization of net actuarial gain | | | (46) | | | — | | | | 80 | | | — | | | $ | 213 | | $ | 3,450 |
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