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Other Comprehensive Income (Loss)
 3 Months Ended
Sep. 30, 2023
Other Comprehensive Income (Loss) [Abstract]  
Other Comprehensive Income (Loss)

Note 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,
2023		 
Beginning balance  $(427)
Current year change   (138)
Ending balance  $(565)

 

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

 

   Three months ended
September 30,		 
(in thousands)  2023   2022 
Unrealized holding gains (losses) on available-for-sale securities  $(753)  $(573)
Tax effect   188    143 
Net-of-tax amount  $(565)  $(430)