IF Bancorp, Inc. (IROQ) Financial Statements (2024 and earlier)

Company Profile

Business Address 201 E. CHERRY ST
WATSEKA, IL 60970
State of Incorp.
Fiscal Year End June 30
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36,56136,463108,53262,73533,46759,600
Cash and cash equivalents10,9888,44375,81162,73533,46759,600
Short-term investments25,57328,02032,721   
Total current assets:36,56136,463108,53262,73533,46759,600
Noncurrent Assets
Property, plant and equipment11,0929,2969,5059,79310,19310,706
Deferred income tax assets11,03710,7869,1661,697630
Total noncurrent assets:22,12920,08218,67111,49010,82310,706
Other undisclosed assets790,286767,182730,355723,116691,227653,564
TOTAL ASSETS:848,976823,727857,558797,341735,517723,870
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 14,000 5,0005,00019,500 
Total current liabilities: 14,000 5,0005,00019,500 
Noncurrent Liabilities
Other undisclosed liabilities763,223752,637780,900707,037633,453641,409
Total liabilities:777,223752,637785,900712,037652,953641,409
Equity
Equity, attributable to parent71,75371,09071,65885,30482,56482,461
Common stock333332323236
Additional paid in capital51,54351,02150,34249,61949,23948,813
Accumulated other comprehensive income (loss)(21,648)(21,042)(17,346)1,9334,203565
Retained earnings43,36542,71440,36235,64531,20735,356
Unearned esop shares(1,540)(1,636)(1,732)(1,925)(2,117)(2,309)
Total equity:71,75371,09071,65885,30482,56482,461
TOTAL LIABILITIES AND EQUITY:848,976823,727857,558797,341735,517723,870

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues33,29827,60125,36425,84128,45228,216
Net investment income31,87427,28724,67224,22926,91126,575
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(52)(242) (844)(128)(407)
Other undisclosed gross profit  39    
Gross profit:33,24627,39825,36424,99728,32427,809
Operating expenses(2,003)(1,913)(1,753)(1,832)(1,884)(1,745)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,2681,3701,4951,0351,1021,013
Operating income:32,51126,85525,10624,20027,54227,077
Nonoperating income416386482381246272
Bank owned life insurance income388377488411273269
Interest and debt expense(10,075)(4,112)(2,529)(4,178)(8,694)(8,854)
Income from continuing operations before equity method investments, income taxes:22,85223,12923,05920,40319,09418,495
Other undisclosed loss from continuing operations before income taxes(16,592)(15,590)(15,232)(13,022)(13,210)(13,644)
Income from continuing operations before income taxes:6,2607,5397,8277,3815,8844,851
Income tax expense(1,600)(1,977)(2,043)(2,034)(1,639)(1,293)
Income from continuing operations:4,6605,5625,7845,3474,2453,558
Income before gain (loss) on sale of properties:4,1585,7845,3474,2453,558
Net income available to common stockholders, diluted:4,6605,5625,7845,3474,2453,558

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income:4,6605,5625,7845,3474,2453,558
Other comprehensive loss (60) (137)(94)  
Other undisclosed comprehensive loss (137)    
Comprehensive income:4,6005,4255,6475,2534,2453,558
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4,242)(20,351)(19,142)(2,176)3,6383,673
Comprehensive income (loss), net of tax, attributable to parent:358(14,926)(13,495)3,0777,8837,231

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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