IF Bancorp, Inc. (IROQ) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments57,42362,73533,46759,6004,7547,7666,449
Cash and cash equivalents33,58762,73533,46759,6004,7547,7666,449
Short-term investments23,836      
Total current assets:57,42362,73533,46759,6004,7547,7666,449
Noncurrent Assets
Property, plant and equipment9,5389,79310,19310,70610,2265,8404,586
Deferred income tax assets2,4321,697630
Total noncurrent assets:11,97011,49010,82310,70610,2265,8404,586
Other undisclosed assets703,179723,116691,227653,564623,943571,868584,530
TOTAL ASSETS:772,572797,341735,517723,870638,923585,474595,565
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 5,00019,500 52,50038,50061,000
Total current liabilities: 5,00019,500 52,50038,50061,000
Noncurrent Liabilities
Other undisclosed liabilities686,078707,037633,453641,409504,748463,005450,593
Total liabilities:686,078712,037652,953641,409557,248501,505511,593
Stockholders' equity
Stockholders' equity attributable to parent86,49485,30482,56482,46181,67583,96983,972
Common stock32323236393940
Additional paid in capital50,13649,61949,23948,81348,36147,94047,535
Accumulated other comprehensive income (loss)(554)1,9334,203565(3,108)(367)2,189
Retained earnings38,70835,64531,20735,35638,88539,05137,095
Unearned esop shares(1,828)(1,925)(2,117)(2,309)(2,502)(2,694)(2,887)
Total stockholders' equity:86,49485,30482,56482,46181,67583,96983,972
TOTAL LIABILITIES AND EQUITY:772,572797,341735,517723,870638,923585,474595,565

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues26,07925,84128,45228,21624,90721,23422,388
Net investment income24,29724,22926,91126,57522,69821,23420,306
Cost of revenue(679)(844)(128)(407)(777)(1,721)(1,366)
Provision for loan, lease, and other losses(679)(844)(128)(407)
Financial services costs(777)(1,721)(1,366)
Gross profit:25,40024,99728,32427,80924,13019,51321,022
Operating expenses(1,794)(1,832)(1,884)(1,745)(11,319) (10,392)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,3151,0351,1021,013896 785
Operating income:24,92124,20027,54227,07713,70719,51311,415
Nonoperating income550381246272353 266
Bank owned life insurance income577411273269377 266
Interest and debt expense(2,919)(4,178)(8,694)(8,854)(5,289)(3,617)(3,313)
Income from continuing operations before equity method investments, income taxes:22,55220,40319,09418,4958,77115,8968,368
Other undisclosed loss from continuing operations before income taxes(14,161)(13,022)(13,210)(13,644)(4,308)(9,703)(2,788)
Income from continuing operations before income taxes:8,3917,3815,8844,8514,4636,1935,580
Income tax expense(2,243)(2,034)(1,639)(1,293)(2,725)(2,274)(2,014)
Net income available to common stockholders, diluted:6,1485,3474,2453,5581,7383,9193,566

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income:6,1485,3474,2453,5581,7383,9193,566
Other comprehensive income (loss) (94)   (2,556)1,190
Other undisclosed comprehensive loss(94)      
Comprehensive income:6,0545,2534,2453,5581,7381,3634,756
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4,393)(2,176)3,6383,673(2,535)  
Comprehensive income (loss), net of tax, attributable to parent:1,6613,0777,8837,231(797)1,3634,756

Statements sources

The financial statements are based on the company's filings with the 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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