The balances and changes in the components of accumulated other comprehensive loss as of June 30, 2026 and 2025, are presented in the following table:
| | | | | | | | | | | | | |
| |
| |
Unrealized
losses on
securities
available-
for-sale
| |
| |
Pension
benefits
| |
| |
Total
| |
|
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 | ) |
|
Other comprehensive income (loss) before reclassification, net of tax
|
| |
1,214 | |
| |
(255 | ) |
| |
959 | |
|
Reclassification adjustment for loss on sale of securities available-for-sale realized in net income, gross
|
| |
576 | |
| |
- | |
| |
576 | |
|
Tax expense effect recognized in provision for income taxes
|
| |
154 | |
| |
- | |
| |
154 | |
|
Net of tax
|
| |
422 | |
| |
- | |
| |
422 | |
|
Amortization of pension actuarial losses recognized in other expense
|
| |
- | |
| |
13 | |
| |
13 | |
|
Tax expense effect recognized in provision for income taxes
|
| |
- | |
| |
4 | |
| |
4 | |
|
Net of tax
|
| |
- | |
| |
9 | |
| |
9 | |
|
Pension termination settlement charge recognized in other expense
|
| |
- | |
| |
905 | |
| |
905 | |
|
Tax expense effect recognized in provision for income taxes
|
| |
- | |
| |
242 | |
| |
242 | |
|
Net of tax
|
| |
- | |
| |
663 | |
| |
663 | |
|
Other comprehensive income for the year ended June 30, 2026
|
| |
1,636 | |
| |
417 | |
| |
2,053 | |
|
Balance - June 30, 2026
|
| $ |
(11,483 | ) |
| $ |
- | |
| $ |
(11,483 | ) |
|