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Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2023

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
			2023						2022						2021
			(In Thousands)
Service cost			$	281					$	547					$	106					Salaries and employee benefits
Interest cost			369						279						262						Other expense
(Accretion) amortization of unrecognized (gain) loss			(24)						80						83						Other expense
Expected return on assets			(99)						(110)						(113)						Other expense
Net periodic benefit cost			$	527					$	796					$	338

			Years Ended June 30,
			2023						2022						2021
			(In Thousands)
Net periodic benefit cost:
Interest cost			$	78					$	62					$	61
Expected return on assets			(99)						(110)						(113)
Amortization of net loss			28						21						22
Total expense (benefit)			$	7					$	(27)					$	(30)
Valuation assumptions
Discount rate			4.50		%				3.00		%				2.75		%
Long term rate of return on plan assets			3.50		%				3.50		%				3.50		%

			Years Ended June 30,
			2023						2022						2021
			(In Thousands)
Net periodic benefit cost:
Interest cost			$	111					$	86					$	85
Amortization of net actuarial loss			46						71						75
Total expense			$	157					$	157					$	160
Valuation assumptions
Discount rate			4.50		%				3.00		%				2.75		%
Salary increase rate			N/A						N/A						N/A

			Years Ended June 30,
			2023						2022						2021
			(In Thousands)
Net periodic benefit cost:
Service cost			$	95					$	116					$	106
Interest cost			48						33						27
Amortization of net actuarial gain			(28)						(12)						(14)
Total expense			$	115					$	137					$	119
Valuation assumptions
Discount rate			4.50		%				3.00		%				2.75		%
Salary increase rate			3.25		%				3.25		%				3.25		%

			Years Ended June 30,
			2023						2022						2021
			(In Thousands)
Net periodic benefit cost:
Interest cost			$	117					$	92					$	89
Amortization of net actuarial gain			(69)						—						—
Total expense			$	48					$	92					$	89
Valuation assumptions
Discount rate			4.50		%				3.00		%				2.75		%
Salary increase rate			N/A						N/A						N/A

			Year Ended June 30,
			2023						2022
			(In Thousands)
Net periodic benefit cost:
Service cost			$	185					$	431
Interest cost			11						6
Total expense			$	196					$	437
Valuation assumptions
Discount rate			3.00		%				3.00		%
Salary increase rate			4.00		%				4.00		%

Employee Stock Ownership Plan (ESOP) Disclosures

At June 30, 2023 and 2022, the ESOP shares were as follows:

			June 30,
			2023						2022
			(In Thousands)
Shares purchased by ESOP			6,022						6,022
Less: Shares allocated			3,564						3,363
Less: Shares committed to be released			100						100
Remaining unearned ESOP shares			2,358						2,559
Fair value of unearned ESOP shares			$	16,624					$	28,430

Schedule of Net Funded Status

The following tables set forth the ABRIP’s funded status and net periodic benefit cost:

			June 30,
			2023						2022
			(In Thousands)
Change in benefit obligation:
Projected benefit obligation - beginning			$	1,816					$	2,149
Interest cost			78						62
Actuarial gain			(46)						(247)
Benefit payments			(148)						(148)
Projected benefit obligation - ending			$	1,700					$	1,816
Change in plan assets:
Fair value of assets - beginning			$	2,907					$	3,220
Actual return on assets			(42)						(165)
Benefit payments			(148)						(148)
Fair value of assets - ending			$	2,717					$	2,907
Reconciliation of funded status:
Projected benefit obligation			$	(1,700)					$	(1,816)
Fair value of assets			2,717						2,907
Funded status included in other assets			$	1,017					$	1,091
Accumulated benefit obligation			$	(1,700)					$	(1,816)
Valuation assumptions
Discount rate			5.00		%				4.50		%
Salary increase rate			N/A						N/A

The following tables set forth the BEP’s funded status and components of net periodic benefit cost:

			June 30,
			2023						2022
			(In Thousands)
Change in benefit obligation:
Projected benefit obligation - beginning			$	2,592					$	2,999
Interest cost			111						86
Actuarial gain			(34)						(252)
Benefit payments			(244)						(241)
Projected benefit obligation - ending			$	2,425					$	2,592
Change in plan assets:
Fair value of assets - beginning			$	—					$	—
Contributions			244						241
Benefit payments			(244)						(241)
Fair value of assets - ending			$	—					$	—
Reconciliation of funded status:
Accumulated benefit obligation			$	(2,425)					$	(2,592)
Projected benefit obligation			$	(2,425)					$	(2,592)
Fair value of assets			—						—
Funded status included in other liabilities			$	(2,425)					$	(2,592)
Valuation assumptions
Discount rate			5.00		%				4.50		%
Salary increase rate			N/A						N/A

The following tables set forth the accrued accumulated postretirement benefit obligation and the net periodic benefit cost:

			June 30,
			2023						2022
			(In Thousands)
Change in benefit obligation:
Projected benefit obligation - beginning			$	1,085					$	1,108
Service cost			95						116
Interest cost			48						33
Actuarial gain			(214)						(160)
Premiums/claims paid			(13)						(12)
Plan amendments			35						—
Projected benefit obligation - ending			$	1,036					$	1,085
Change in plan assets:
Fair value of assets - beginning			$	—					$	—
Contributions			13						12
Premiums/claims paid			(13)						(12)
Fair value of assets - ending			$	—					$	—
Reconciliation of funded status:
Projected benefit obligation			$	(1,036)					$	(1,085)
Fair value of assets			—						—
Funded status included in other liabilities			$	(1,036)					$	(1,085)
Valuation assumptions
Discount rate			5.00		%				4.50		%
Salary increase rate			3.25		%				3.25		%

The following table sets forth the DCRP’s funded status and components of net periodic cost:

			June 30,
			2023						2022
			(In Thousands)
Change in benefit obligation:
Projected benefit obligation - beginning			$	2,646					$	3,116
Interest cost			117						92
Actuarial gain			(194)						(513)
Benefit payments			(49)						(49)
Projected benefit obligation - ending			$	2,520					$	2,646
Change in plan assets:
Fair value of assets - beginning			$	—					$	—
Contributions			49						49
Benefit payments			(49)						(49)
Fair value of assets - ending			$	—					$	—
Reconciliation of funded status:
Accumulated benefit obligation			$	(2,520)					$	(2,646)
Projected benefit obligation			$	(2,520)					$	(2,646)
Fair value of assets			—						—
Funded status included in other liabilities			$	(2,520)					$	(2,646)
Valuation assumptions
Discount rate			5.00		%				4.50		%
Salary increase rate			N/A						N/A

The following tables set forth the SERP’s funded status and net periodic benefit cost:

			June 30,
			2023						2022
			(In Thousands)
Change in benefit obligation:
Projected benefit obligation - beginning			$	437					$	—
Service cost			185						431
Interest cost			11						6
Projected benefit obligation - ending			$	633					$	437
Reconciliation of funded status:
Projected benefit obligation			$	(633)					$	(437)
Fair value of assets			—						—
Funded status included in other liabilities			$	(633)					$	(437)
Valuation assumptions
Discount rate			3.00		%				3.00		%
Salary increase rate			N/A						4.00		%

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:
2024			$	146
2025			147
2026			148
2027			145
2028			140
2029-2033			637

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:

			Benefit Payments
			(In Thousands)
Years ending June 30:
2024			$	241
2025			237
2026			232
2027			227
2028			221
2029-2033			999

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:

			Benefit Payments
			(In Thousands)
Years ending June 30:
2024			$	54
2025			62
2026			74
2027			82
2028			99
2029-2033			580

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:

			Benefit Payments
			(In Thousands)
Years ending June 30:
2024			$	72
2025			118
2026			138
2027			157
2028			176
2029-2033			1,301

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:

			Benefit Payments
			(In Thousands)
Years ending June 30:
2024			$	—
2025			—
2026			—
2027			—
2028			—
2029-2033			633

Schedule of Fair Value of ABRIP's Assets

The fair value of the ABRIP’s assets at June 30, 2023 and 2022 by asset category (see Note 18 for the definitions of levels), are as follows:

			June 30, 2023
			Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Total
			(In Thousands)
Prudential Guaranteed Deposit Fund			$	—					$	2,717					$	—					$	2,717

			June 30, 2022
			Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Total
			(In Thousands)
Prudential Guaranteed Deposit Fund			$	—					$	2,907					$	—					$	2,907

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