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OTHER COMPREHENSIVE LOSS

9 Months Ended

Mar. 31, 2022

OTHER COMPREHENSIVE LOSS

OTHER COMPREHENSIVE LOSS

8.OTHER COMPREHENSIVE LOSS

Reclassifications out of accumulated other comprehensive loss were as follows (dollars in thousands):


Details About Accumulated Other		Amount Reclassified from Accumulated												Affected Line Item in the Statement
Comprehensive Loss Components		Other Comprehensive Loss												Where Net Income is Presented
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2022			2021			2022			2021
Unrealized gains/losses on securities (before tax):
Net gains included in net income		$	—		$	—		$	4		$	—		Net gain on securities transactions
Tax expense			—			—			(1)			—		Income tax expense
Net of tax			—			—			3			—

Amortization of defined benefit plan items (before tax):
Net actuarial loss			—			—			—			—		Salaries and employee benefits
Tax benefit			—			—			—			—		Income tax expense
Net of tax			—			—			—			—
Total reclassification for the period, net of tax		$	—		$	—		$	3		$	—

The balances and changes in the components of accumulated other comprehensive loss, net of tax, are as follows (dollars in thousands):


		For the Three Months Ended March 31,
								Accumulated
		Unrealized						Other
		Gains/Losses			Defined			Comprehensive
		on Securities			Benefit Plans			Loss
2022:
Accumulated other comprehensive loss as of January 1, 2022		$	(1,574)			(5,289)		$	(6,863)
Other comprehensive loss before reclassifications			(7,367)			—			(7,367)
Accumulated other comprehensive loss as of March 31, 2022		$	(8,941)			(5,289)		$	(14,230)

2021:
Accumulated other comprehensive loss as of January 1, 2021		$	295			(17,751)		$	(17,456)
Other comprehensive loss before reclassifications			(221)			—			(221)
Accumulated other comprehensive loss as of March 31, 2021		$	74			(17,751)		$	(17,677)


		For the Nine Months Ended March 31,
								Accumulated
		Unrealized						Other
		Gains/Losses			Defined			Comprehensive
		on Securities			Benefit Plans			Loss
2022:
Accumulated other comprehensive loss as of July l, 2021		$	164			(5,289)		$	(5,125)
Other comprehensive loss before reclassifications			(9,102)			—			(9,102)
Amounts reclassified from accumulated other comprehensive loss			(3)			—			(3)
Accumulated other comprehensive loss as of March 31, 2022		$	(8,941)		$	(5,289)		$	(14,230)

2021:
Accumulated other comprehensive loss as of July l, 2020			381			(17,751)			(17,370)
Other comprehensive loss before reclassifications			(307)			—			(307)
Accumulated other comprehensive loss as of March 31, 2021		$	74		$	(17,751)		$	(17,677)

The amounts of income tax expense (benefit) allocated to each component of other comprehensive income (loss) were as follows (dollars in thousands):


		For the Three Months Ended
		March 31,
		2022			2021
Unrealized losses on securities:
Unrealized holdings losses arising during the period		$	(2,607)		$	(77)
Reclassification adjustment for gains included in net income			—			—
			(2,607)			(77)
Defined benefit plans:
Change in funded status			—			—
Reclassification adjustment for accretion of net prior service cost			—			—
Reclassification adjustment for amortization of net actuarial loss			—			—
			—			—
		$	(2,607)		$	(77)


		For the Nine Months Ended
		March 31,
		2022			2021
Unrealized losses on securities:
Unrealized holdings losses arising during the period		$	(3,221)		$	(109)
Reclassification adjustment for gains included in net income			(1)			—
			(3,222)			(109)
Defined benefit plans:
Change in funded status			—			—
Reclassification adjustment for amortization of net actuarial loss			—			—
			—			—
		$	(3,222)		$	(109)