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Accumulated Other Comprehensive Loss

12 Months Ended

Jun. 30, 2024

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Los

Note 16 -     Accumulated Other Comprehensive Loss

The changes in accumulated other comprehensive loss by component for the years ended June 30, 2024 and 2023, follows:

​

​	​	​	​	​	​	​	​	​	​
​		Unrealized		​	​	​	​	​	​
​	​	Gains and		​	Unrealized		​	​	​
​	​	Losses on		​	Losses on		​	​	​
​	​	Available		​	Held to		​	​	​
​	​	for Sale Debt		​	Maturity Debt		​	​	​
​	​	Securities			Securities			Total
June 30, 2024		​			​			​
Balance, beginning of period	​	$	(739,982)	​	$	(44,875)	​	$	(784,857)
Other comprehensive income before reclassifications (net of tax)	​		37,611	​		—	​		37,611
Amortization of amounts transferred from debt securities available for sale to securities held to maturity (a)	​		—	​		4,930	​		4,930
Reclassification adjustment for amortization of stranded tax effect from change in tax legislation (b)	​	​	(10,472)	​	​	—	​	​	(10,472)
Balance, end of period	​	$	(712,843)	​	$	(39,945)	​	$	(752,788)

(a) The reclassification adjustment is reflected in the Consolidated Statement of Income (Loss) as Interest Income - Debt Securities.

(b) The reclassification adjustment is included in the Consolidated Statements of Income (Loss) as Other Expenses.

​

​	​	​	​	​	​	​	​	​	​
​		Unrealized		​	​	​	​	​	​
​	​	Gains and		​	Unrealized		​	​	​
​	​	Losses on		​	Losses on		​	​	​
​	​	Available		​	Held to		​	​	​
​	​	for Sale Debt		​	Maturity Debt		​	​	​
​		Securities			Securities			Total
June 30, 2023		​			​			​
Balance, beginning of period	​	$	(318,344)	​	$	(50,685)	​	$	(369,029)
Other comprehensive loss before reclassifications (net of tax)	​		(404,176)	​		—	​		(404,176)
Amortization of amounts transferred from debt securities available for sale to securities held to maturity (a)	​		—	​		5,810	​		5,810
Amounts reclassified from accumulated other comprehensive income, net of tax (b)	​		(17,462)	​		—	​		(17,462)
Balance, end of period	​	$	(739,982)	​	$	(44,875)	​	$	(784,857)

(a) The reclassification adjustment is reflected in the Consolidated Statement of Income as Interest Income - Debt Securities.

(b) The reclassification adjustment is reflected in the Consolidated Statement of Income as Net Gains on Securities Transactions ($24,000) and Provision for Income Taxes of ($6,538).

X

- References

No definition available.

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X

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/220/tableOfContent

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