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Other Comprehensive Income (Loss)
 3 Months Ended
Sep. 30, 2022
Other Comprehensive Income (Loss), Tax [Abstract]  
Other Comprehensive Income (Loss)

6. Other Comprehensive Income (Loss)

 

The Company’s other comprehensive income (loss) is comprised solely of unrealized gains and losses on available-for-sale securities. The following is a summary of the accumulated other comprehensive income balances, net of tax:

 

(in thousands)  Three months ended
September 30,
2022		 
Beginning balance  $
–
 
Current year change   (430)
Ending balance  $(430)

 

Other comprehensive income (loss) components and related tax effects for the periods indicated were as follows:

 

   Three months ended
September 30,		 
(in thousands)  2022   2021 
Unrealized holding gains (losses) on available-for-sale securities  $(573)  $
–
 
Tax effect   143    
–
 
Net-of-tax amount  $(430)  $
–