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COMPREHENSIVE INCOME (LOSS)
9 Months Ended
Mar. 31, 2024
Equity [Abstract]  
COMPREHENSIVE INCOME (LOSS) COMPREHENSIVE INCOME (LOSS)
The components of accumulated other comprehensive loss included in stockholders’ equity at March 31, 2024 and June 30, 2023 are as follows:
March 31,
2024
June 30,
2023
(In Thousands)
Net unrealized loss on securities available for sale$(133,518)$(156,138)
Tax effect38,499 45,018 
Net of tax amount(95,019)(111,120)
Fair value adjustments on derivatives44,039 58,414 
Tax effect(12,771)(16,940)
Net of tax amount31,268 41,474 
Benefit plan adjustments129 268 
Tax effect(37)(78)
Net of tax amount92 190 
Total accumulated other comprehensive loss$(63,659)$(69,456)
Other comprehensive loss and related tax effects for the three and nine months ended March 31, 2024 and 2023 are presented in the following table:
Three Months Ended
March 31,
Nine Months Ended
March 31,
2024202320242023
(In Thousands)
Net unrealized holding (loss) gain on securities available for sale$(9,061)$9,713 $4,485 $(38,324)
Net realized loss on sale and call of securities available for sale (1)
— — 18,135 15,227 
Fair value adjustments on derivatives9,337 (15,397)(14,375)(1,134)
Benefit plans:
Accretion of net actuarial gain (2)
(15)(6)(44)(18)
Net actuarial loss— — (95)(27)
Net change in benefit plan accrued expense(15)(6)(139)(45)
Other comprehensive income (loss) before taxes261 (5,690)8,106 (24,276)
Tax effect (90)1,658 (2,309)6,950 
Total other comprehensive income (loss)$171 $(4,032)$5,797 $(17,326)
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(1)Represents amounts reclassified out of accumulated other comprehensive loss and included in loss on sale of securities on the Consolidated Statements of Income.
(2)Represents amounts reclassified out of accumulated other comprehensive loss and included in the computation of net periodic pension expense. See Note 10 - Benefit Plans for additional information.