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
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36,56136,93936,46342,578108,53261,550
Cash and cash equivalents10,9889,4658,44311,38675,81127,662
Short-term investments25,57327,47428,02031,19232,72133,888
Total current assets:36,56136,93936,46342,578108,53261,550
Noncurrent Assets
Property, plant and equipment11,09211,1609,2969,3679,5059,570
Deferred income tax assets11,03710,00410,78611,5269,1665,904
Total noncurrent assets:22,12921,16420,08220,89318,67115,474
Other undisclosed assets790,286784,865767,182743,397730,355709,392
TOTAL ASSETS:848,976842,968823,727806,868857,558786,416
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 14,000   5,000 
Total current liabilities: 14,000   5,000 
Noncurrent Liabilities
Other undisclosed liabilities763,223769,219752,637739,389780,900708,007
Total liabilities:777,223769,219752,637739,389785,900708,007
Equity
Equity, attributable to parent71,75373,74971,09067,47971,65878,409
Common stock333333333232
Additional paid in capital51,54351,42951,02150,88950,34250,245
Accumulated other comprehensive loss(21,648)(18,857)(21,042)(23,035)(17,346)(9,380)
Retained earnings43,36542,73242,71441,27640,36239,292
Unearned esop shares(1,540)(1,588)(1,636)(1,684)(1,732)(1,780)
Total equity:71,75373,74971,09067,47971,65878,409
TOTAL LIABILITIES AND EQUITY:848,976842,968823,727806,868857,558786,416

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

9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
Revenues8,9378,4328,4717,2205,4696,441
Brokerage commissions revenue(865)289
Net investment income8,6268,1348,0677,0476,2015,972
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 390(367)   (242)
Other undisclosed gross profit     39 
Gross profit:9,3278,0658,4717,2205,5086,199
Operating expenses(528)(435)(525)(515)(445)(428)
Other operating income, net
(Noninterest Income, Other Operating Income)
330296314328408320
Operating income:9,1297,9268,2607,0335,4716,091
Nonoperating income9896971259569
Gains (losses) on sales of other real estate    28 (19)
Bank owned life insurance income989697979588
Interest and debt expense(4,024)(3,162)(2,061)(828)(612)(611)
Income from continuing operations before equity method investments, income taxes:5,2034,8606,2966,3304,9545,549
Other undisclosed loss from continuing operations before income taxes(4,434)(3,968)(4,406)(3,621)(3,570)(3,993)
Income from continuing operations before income taxes:7698921,8902,7091,3841,556
Income tax expense(172)(202)(486)(740)(349)(402)
Income from continuing operations:5976901,4041,9691,0351,154
Income before gain (loss) on sale of properties:1,9691,0351,154
Net income available to common stockholders, diluted:5976901,4041,9691,0351,154

Comprehensive Income ($ in thousands)

9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
Net income:5976901,4041,9691,0351,154
Other undisclosed comprehensive loss (60)   (137) 
Comprehensive income:5376901,4041,9698981,154
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,731)2,1851,993(5,689)(7,829)(8,826)
Comprehensive income (loss), net of tax, attributable to parent:(2,194)2,8753,397(3,720)(6,931)(7,672)

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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