v3.26.1
Benefit Plans (Tables)
 12 Months Ended
Jun. 30, 2026
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
202620252024
(In Thousands)
Service cost$605 $71 $77 Salaries and employee benefits
Interest cost410 360 369 Other expense
Accretion of unrecognized gain(143)(106)(58)Other expense
Expected return on assets(90)(90)(92)Other expense
Net periodic benefit cost$782 $235 $296 
Years Ended June 30,
202620252024
(In Thousands)
Net periodic benefit cost:
Interest cost$83 $82 $81 
Expected return on assets(90)(90)(93)
Amortization of net loss24 33 42 
Total expense$17 $25 $30 
Valuation assumptions
Discount rate5.75 %5.50 %5.00 %
Long term rate of return on plan assets3.50 %3.50 %3.50 %
Years Ended June 30,
202620252024
(In Thousands)
Net periodic benefit cost:
Interest cost$100 $117 $115 
Amortization of net actuarial loss— 38 42 
Total expense$100 $155 $157 
Valuation assumptions
Discount rate5.75 %5.50 %5.00 %
Salary increase rateN/AN/AN/A
Years Ended June 30,
202620252024
(In Thousands)
Net periodic benefit cost:
Service cost$68 $71 $79 
Interest cost54 57 50 
Amortization of net actuarial gain(66)(48)(42)
Total expense$56 $80 $87 
Valuation assumptions
Discount rate5.75 %5.50 %5.00 %
Salary increase rate3.25 %3.25 %3.25 %
Years Ended June 30,
202620252024
(In Thousands)
Net periodic benefit cost:
Interest cost$138 $130 $124 
Amortization of net actuarial gain(101)(128)(99)
Total expense$37 $2 $25 
Valuation assumptions
Discount rate5.75 %5.50 %5.00 %
Salary increase rateN/AN/AN/A
Year Ended June 30,
20262025
(In Thousands)
Net periodic benefit cost:
Service cost$537 $— 
Interest cost49 — 
Total expense$586 $— 
Valuation assumptions
Discount rate5.75 %— %
Salary increase rate4.00 %— %
Employee Stock Ownership Plan (ESOP) Disclosures
At June 30, 2026 and 2025, the ESOP shares were as follows:
June 30,
20262025
(In Thousands)
Shares purchased by ESOP6,022 6,022 
Less: Shares allocated4,166 3,965 
Less: Shares committed to be released100 100 
Remaining unearned ESOP shares1,756 1,957 
Fair value of unearned ESOP shares$16,612 $12,642 
Schedule of Net Funded Status
The following tables set forth the ABRIP’s funded status and net periodic benefit cost:
June 30,
20262025
(In Thousands)
Change in benefit obligation:
Projected benefit obligation - beginning$1,521 $1,570 
Interest cost83 82 
Actuarial gain(86)17 
Benefit payments(143)(148)
Projected benefit obligation - ending$1,375 $1,521 
Change in plan assets:
Fair value of assets - beginning$2,648 $2,649 
Actual return on assets134 147 
Benefit payments(143)(148)
Fair value of assets - ending$2,639 $2,648 
Reconciliation of funded status:
Projected benefit obligation$(1,375)$(1,521)
Fair value of assets2,639 2,648 
Funded status included in other assets$1,264 $1,127 
Accumulated benefit obligation$(1,375)$(1,521)
Valuation assumptions
Discount rate5.75 %5.75 %
Salary increase rateN/AN/A
The following tables set forth the BEP’s funded status and components of net periodic benefit cost:
June 30,
20262025
(In Thousands)
Change in benefit obligation:
Projected benefit obligation - beginning$1,824 $2,254 
Interest cost100 117 
Actuarial loss (gain)26 (351)
Benefit payments(178)(196)
Projected benefit obligation - ending$1,772 $1,824 
Change in plan assets:
Fair value of assets - beginning$— $— 
Contributions178 196 
Benefit payments(178)(196)
Fair value of assets - ending$— $— 
Reconciliation of funded status:
Accumulated benefit obligation$(1,772)$(1,824)
Projected benefit obligation$(1,772)$(1,824)
Fair value of assets— — 
Funded status included in other liabilities$(1,772)$(1,824)
Valuation assumptions
Discount rate5.75 %5.75 %
Salary increase rateN/AN/A
The following tables set forth the accrued accumulated postretirement benefit obligation and the net periodic benefit cost:
June 30,
20262025
(In Thousands)
Change in benefit obligation:
Projected benefit obligation - beginning$976 $1,062 
Service cost68 71 
Interest cost54 57 
Actuarial gain(86)(201)
Premiums/claims paid(14)(13)
Plan amendments— — 
Projected benefit obligation - ending$998 $976 
Change in plan assets:
Fair value of assets - beginning$— $— 
Contributions14 13 
Premiums/claims paid(14)(13)
Fair value of assets - ending$— $— 
Reconciliation of funded status:
Projected benefit obligation$(998)$(976)
Fair value of assets— — 
Funded status included in other liabilities$(998)$(976)
Valuation assumptions
Discount rate5.75 %5.75 %
Salary increase rate3.25 %3.25 %
The following table sets forth the DCRP’s funded status and components of net periodic cost:
June 30,
20262025
(In Thousands)
Change in benefit obligation:
Projected benefit obligation - beginning$2,483 $2,414 
Interest cost138 130 
Actuarial (gain) loss(61)18 
Benefit payments(128)(79)
Projected benefit obligation - ending$2,432 $2,483 
Change in plan assets:
Fair value of assets - beginning$— $— 
Contributions128 79 
Benefit payments(128)(79)
Fair value of assets - ending$— $— 
Reconciliation of funded status:
Accumulated benefit obligation$(2,432)$(2,483)
Projected benefit obligation$(2,432)$(2,483)
Fair value of assets— — 
Funded status included in other liabilities$(2,432)$(2,483)
Valuation assumptions
Discount rate5.75 %5.75 %
Salary increase rateN/AN/A
The following tables set forth the SERP’s funded status and net periodic benefit cost:
June 30,
20262025
(In Thousands)
Change in benefit obligation:
Projected benefit obligation - beginning$633 $633 
Service cost537 — 
Interest cost49 — 
Projected benefit obligation - ending$1,219 $633 
Reconciliation of funded status:
Projected benefit obligation$(1,219)$(633)
Fair value of assets— — 
Funded status included in other liabilities$(1,219)$(633)
Valuation assumptions
Discount rate5.75 %— %
Salary increase rate4.00 %N/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:
2027$134 
2028132 
2029130 
2030127 
2031124 
2032-2036563 
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:
Benefit Payments
(In Thousands)
Years ending June 30:
2027$178 
2028179 
2029179 
2030179 
2031178 
2032-2036831 
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:
Benefit Payments
(In Thousands)
Years ending June 30:
2027$64 
202881 
202997 
2030105 
2031160 
2032-2036476 
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:
Benefit Payments
(In Thousands)
Years ending June 30:
2027$177 
2028193 
2029248 
2030295 
2031254 
2032-20361,252 
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:
Benefit Payments
(In Thousands)
Years ending June 30:
2027$— 
2028— 
2029— 
2030— 
2031— 
2032-20361,219 
Schedule of Fair Value of ABRIP's Assets
The fair value of the ABRIP’s assets at June 30, 2026 and 2025 by asset category (see Note 18 for the definitions of levels), are as follows:
June 30, 2026
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$— $2,639 $— $2,639 
June 30, 2025
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
(In Thousands)
Empower Guaranteed Deposit Fund$— $2,648 $— $2,648