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Other Comprehensive Income (Loss)
 6 Months Ended
Dec. 31, 2022
Other Comprehensive Income (Loss), Tax [Abstract]  
Other Comprehensive Income (Loss)

6. Other Comprehensive Income (Loss)

 

The Company’s other comprehensive income 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)  Six months
ended
December 31,
2022		   Three months
ended
December 31,
2022		 
Balance at beginning of period  $
               –
   $(430)
Current period change   (343)               87 
Balance at end of period  $(343)  $(343)

 

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

 

   Six months ended   Three months ended 
   December 31,   December 31, 
(in thousands)  2022   2021   2022   2021 
Unrealized holding gains (losses on available-for-sale securities  $(457)  $
          –
   $116   $            – 
Tax effect   114    
–
    (29)   – 
   $(343)  $–   $87   $–