Oconee Federal Financial Corp. (OFED) Financial Statements (2024 and earlier)

Company Profile

Business Address 115 E. NORTH SECOND STREET
SENECA, SC 29678
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)

3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
12/31/2021
Q2
9/30/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,0027,870 11,4707,67719
Cash and cash equivalents7,0027,870 11,4707,67719
Total current assets:7,0027,870 11,4707,67719
Noncurrent Assets
Property, plant and equipment8,3678,505 8,6578,7619
Intangible assets, net (including goodwill)2,6412,654 2,6802,6933
Goodwill2,5932,593 2,5932,5933
Intangible assets, net (excluding goodwill)4861 871000
Deferred income tax assets6,0566,489 3,2971,2401
Total noncurrent assets:17,06417,648 14,63412,69413
Other undisclosed assets541,156523,500 514,164516,630511
TOTAL ASSETS:565,222549,018 540,268537,001543
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt      
Total current liabilities:      
Noncurrent Liabilities
Other undisclosed liabilities493,578479,646 460,248449,344455
Total liabilities:493,578479,646 460,248449,344455
Equity
Equity, attributable to parent71,64469,372 80,02087,65788
Common stock6666 66660
Treasury stock, value(10)(10) (10)(10)(0)
Additional paid in capital6,0876,049 6,0586,4106
Accumulated other comprehensive income (loss)(18,604)(20,274) (8,314)(516)0
Retained earnings84,10583,568 82,30381,81681
Unearned esop shares  (27) (83)(109)(0)
Total equity:71,64469,372 80,02087,65788
TOTAL LIABILITIES AND EQUITY:565,222549,018 540,268537,001543

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

3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
12/31/2021
Q2
9/30/2021
Q1
Revenues4,6234,400 4,0614,3074
Net investment income4,6254,484 4,0284,2654
Gross profit:4,6234,400 4,0614,3074
Operating expenses(132)(113) (100)(113)(0)
Other operating income, net
(Noninterest Income, Other Operating Income)
44 640
Operating income:4,4954,291 3,9674,1984
Nonoperating income
(Bank Owned Life Insurance Income)
115114 1211140
Interest and debt expense(650)(284) (247)(288)(0)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (3)
Income from continuing operations before equity method investments, income taxes:3,9604,121 3,8414,0241
Other undisclosed loss from continuing operations before income taxes(2,620)(2,386) (2,493)(2,641) 
Income from continuing operations before income taxes:1,3401,735 1,3481,3831
Income tax expense(244)(396) (304)(147)(0)
Income from continuing operations:1,0961,339 1,0441,2361
Income before gain (loss) on sale of properties:1,3391,0441,2361
Net income attributable to parent:1,0961,339 1,0441,2361
Undistributed earnings (loss) allocated to participating securities, basic(1)(1) (1)(2)0
Other undisclosed net loss available to common stockholders, basic (1)(1) (1)(1)(0)
Net income available to common stockholders, diluted:1,0941,337 1,0421,2331

Comprehensive Income ($ in thousands)

3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
12/31/2021
Q2
9/30/2021
Q1
Net income:1,0961,339 1,0441,2361
Comprehensive income:1,0961,339 1,0441,2361
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,670(6,686) (7,798)(660)(1)
Comprehensive income (loss), net of tax, attributable to parent:2,766(5,347) (6,754)576(0)

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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