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BENEFIT PLANS
9 Months Ended
Mar. 31, 2024
Retirement Benefits [Abstract]  
BENEFIT PLANS BENEFIT PLANS
Components of Net Periodic 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:
Three Months Ended
March 31,
Nine Months Ended
March 31,
Affected Line Item in the Consolidated Statements of Income
2024202320242023
(In Thousands)
Service cost$20 $24 $58 $258 Salaries and employee benefits
Interest cost93 88 277 280 Other expense
Accretion of unrecognized gain(15)(6)(45)(18)Other expense
Expected return on assets(23)(25)(69)(75)Other expense
Net periodic benefit cost$75 $81 $221 $445 
2021 Equity Incentive Plan
During the nine months ended March 31, 2024, the Company granted 349,257 restricted stock units (“RSUs”) comprised of 255,062 service-based RSUs and 94,195 performance-based RSUs. The service-based RSUs will vest in three tranches over a period of three years and the performance-based RSUs will cliff vest upon the achievement of performance measures over the three-year period ending June 30, 2026. The number of performance-based RSUs that will vest, if any, will depend on whether, and to what extent, the performance measures are achieved. Common stock will be issued from authorized shares upon the vesting of the RSUs.