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EMPLOYEE BENEFIT PLANS (Tables)

6 Months Ended

Dec. 31, 2020

Pension plan

EMPLOYEE BENEFIT PLANS

Summary of net periodic cost included in the Company’s consolidated statements of income

Net periodic pension cost included in the Company’s consolidated statements of income included the following components (dollars in thousands):

		For the Three Months Ended						For the Six Months Ended
		December 31,						December 31,
		2020			2019			2020			2019
Service cost		$	761		$	610		$	1,456		$	1,126
Interest cost			448			501			906			984
Expected return on plan assets			(838)			(924)			(1,674)			(1,851)
Amortization of net actuarial loss			417			268			850			540
Net periodic pension cost		$	788		$	455		$	1,538		$	799

Post-retirement benefit plan

EMPLOYEE BENEFIT PLANS

Summary of net periodic cost included in the Company’s consolidated statements of income

Net periodic post-retirement benefit cost included in the Company’s consolidated statements of income included the following components (dollars in thousands):

		For the Three Months Ended						For the Six Months Ended
		December 31,						December 31,
		2020			2019			2020			2019
Service cost		$	11		$	9		$	22		$	18
Interest cost			18			16			36			32
Recognized actuarial loss			1			1			2			2
Net periodic post-retirement benefit cost		$	30		$	26		$	60		$	52

Schedule of shares held by the ESOP

Shares held by the ESOP include the following:

		As of December 31,
		2020		2019
Allocated		50,916		—
Committed to be allocated		50,916		50,916
Unallocated		916,493		967,409
Total Shares		1,018,325		1,018,325

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Tabular disclosure of the details pertaining to each employee stock ownership plan.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
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-Section 50
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