IROQ · As filed with the SEC
IF Bancorp income statement, by fiscal year
The statement as IF Bancorp presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Income · USD, except per-share amounts
| USD, except per-share amounts | FY2025 Year ended Jun 30, 2025 | FY2024 Year ended Jun 30, 2024 | FY2023 Year ended Jun 30, 2023 | FY2022 Year ended Jun 30, 2022 | FY2021 Year ended Jun 30, 2021 | FY2020 Year ended Jun 30, 2020 | FY2019 Year ended Jun 30, 2019 | FY2018 Year ended Jun 30, 2018 |
|---|---|---|---|---|---|---|---|---|
| Interest Income | ||||||||
| Interest and fees on loans | 37,628,000 | 34,826,000 | 26,106,000 | 20,195,000 | 20,999,000 | 22,917,000 | 22,833,000 | 19,616,000 |
| Securities | ||||||||
| Taxable | 5,035,000 | 5,445,000 | 5,359,000 | 4,296,000 | 3,101,000 | 3,652,000 | 3,341,000 | 2,818,000 |
| Tax-exempt | 89,000 | 97,000 | 106,000 | 51,000 | 39,000 | 75,000 | 122,000 | 135,000 |
| Federal Home Loan Bank dividends | 457,000 | 378,000 | 198,000 | 120,000 | 128,000 | 71,000 | 150,000 | 96,000 |
| Deposits with financial institutions | 208,000 | 238,000 | 303,000 | 130,000 | 90,000 | 267,000 | 279,000 | 129,000 |
| Total interest and dividend income | 43,417,000 | 40,984,000 | 32,072,000 | 24,792,000 | 24,357,000 | 26,982,000 | 26,725,000 | 22,794,000 |
| Interest Expense | ||||||||
| Deposits | 17,865,000 | 17,653,000 | 7,997,000 | 2,068,000 | 3,693,000 | 7,910,000 | 7,317,000 | 4,450,000 |
| Federal Home Loan Bank advances and repurchase agreements | 4,211,000 | 4,752,000 | 2,062,000 | 382,000 | 409,000 | 651,000 | 1,537,000 | 839,000 |
| Line of credit and other borrowings | — | 850,000 | 16,000 | 79,000 | 76,000 | 133,000 | — | — |
| Total interest expense | — | 23,255,000 | 10,075,000 | 2,529,000 | 4,178,000 | 8,694,000 | 8,854,000 | 5,289,000 |
| Line of credit and other borrowings | 527,000 | — | — | — | — | — | — | — |
| Total interest expense | 22,603,000 | — | — | — | — | — | — | — |
| Net Interest Income | 20,814,000 | 17,729,000 | 21,997,000 | 22,263,000 | 20,179,000 | 18,288,000 | 17,871,000 | 17,505,000 |
| Provision (Credit) for Credit Losses | — | — | (228,000) | 492,000 | 844,000 | 128,000 | 407,000 | 777,000 |
| Provision (Credit) for Credit Losses | (701,000) | 32,000 | — | — | — | — | — | — |
| Net Interest Income After Provision (Credit) for Credit Losses | 21,515,000 | 17,697,000 | 22,225,000 | 21,771,000 | 19,335,000 | 18,160,000 | 17,464,000 | 16,728,000 |
| Noninterest Income | ||||||||
| Customer service fees | — | — | — | — | — | — | — | 377,000 |
| Other service charges and fees | — | — | — | — | — | — | — | 358,000 |
| Customer Service Fees | 481,000 | 416,000 | 380,000 | 347,000 | 275,000 | 340,000 | 367,000 | — |
| Other Service Charges and Fees | 256,000 | 258,000 | 248,000 | 314,000 | 419,000 | 367,000 | 279,000 | — |
| Insurance commissions | 867,000 | 745,000 | 651,000 | 692,000 | 645,000 | 630,000 | 660,000 | 599,000 |
| Brokerage commissions | 720,000 | 650,000 | 773,000 | 1,131,000 | 967,000 | 911,000 | 981,000 | 875,000 |
| Net realized gains on sale of available-for-sale securities | — | — | — | — | 320,000 | 267,000 | 11,000 | 13,000 |
| Net realized losses on sale of available-for-sale securities | — | — | (171,000) | (275,000) | — | — | — | — |
| Mortgage banking income, net | — | — | 360,000 | 797,000 | 613,000 | 119,000 | 236,000 | 388,000 |
| Net realized losses on sale of available-for-sale securities | (71,000) | 0 | — | — | — | — | — | — |
| Mortgage banking income, net | 274,000 | 338,000 | — | — | — | — | — | — |
| Gain on sale of loans | 295,000 | 266,000 | 172,000 | 515,000 | 1,573,000 | 801,000 | 343,000 | 232,000 |
| Bank-owned life insurance income, net | 458,000 | 506,000 | 388,000 | 488,000 | 411,000 | 273,000 | 269,000 | 377,000 |
| Other | 1,664,000 | 1,207,000 | 1,268,000 | 1,495,000 | 1,035,000 | 1,102,000 | 1,013,000 | 896,000 |
| Total noninterest income | 4,944,000 | 4,386,000 | 4,069,000 | 5,504,000 | 6,258,000 | 4,810,000 | 4,162,000 | 4,115,000 |
| Noninterest Expense | ||||||||
| Compensation and benefits | 13,204,000 | 12,012,000 | 12,712,000 | 13,051,000 | 11,897,000 | 11,070,000 | 10,644,000 | 9,732,000 |
| Office occupancy | 1,071,000 | 1,036,000 | 1,006,000 | 951,000 | 900,000 | 943,000 | 887,000 | 761,000 |
| Equipment | 2,287,000 | 2,185,000 | 2,499,000 | 1,994,000 | 1,730,000 | 1,564,000 | 1,377,000 | 1,283,000 |
| Federal deposit insurance | 476,000 | 574,000 | 333,000 | 197,000 | 178,000 | 21,000 | 169,000 | 171,000 |
| Stationary, printing and office | 98,000 | 58,000 | 99,000 | 71,000 | 75,000 | 128,000 | 107,000 | 156,000 |
| Advertising | 382,000 | 409,000 | 538,000 | 404,000 | 441,000 | 499,000 | 503,000 | 474,000 |
| Professional services | 520,000 | 426,000 | 459,000 | 398,000 | 491,000 | 442,000 | 355,000 | 352,000 |
| Supervisory examination | 115,000 | 101,000 | 173,000 | 162,000 | 147,000 | 154,000 | 165,000 | 165,000 |
| Audit and accounting services | 189,000 | 175,000 | 182,000 | 142,000 | 138,000 | 136,000 | 138,000 | 141,000 |
| Organizational dues and subscriptions | 56,000 | 55,000 | 56,000 | 52,000 | 50,000 | 49,000 | 44,000 | 55,000 |
| Insurance bond premiums | 253,000 | 235,000 | 206,000 | 187,000 | 181,000 | 163,000 | 150,000 | 148,000 |
| Telephone and postage | 169,000 | 157,000 | 163,000 | 160,000 | 191,000 | 213,000 | 223,000 | 265,000 |
| Loss (gain) on sale of foreclosed assets | (8,000) | 1,000 | (28,000) | 6,000 | 30,000 | 27,000 | 3,000 | 24,000 |
| Other | 1,730,000 | 2,304,000 | 1,636,000 | 1,673,000 | 1,763,000 | 1,677,000 | 2,013,000 | 2,653,000 |
| Total noninterest expense | 20,542,000 | 19,728,000 | 20,034,000 | 19,448,000 | 18,212,000 | 17,086,000 | 16,775,000 | 16,380,000 |
| Income Before Income Tax | 5,917,000 | 2,355,000 | 6,260,000 | 7,827,000 | 7,381,000 | 5,884,000 | 4,851,000 | 4,463,000 |
| Provision for Income Taxes | 1,613,000 | 565,000 | 1,600,000 | 2,043,000 | 2,034,000 | 1,639,000 | 1,293,000 | 2,725,000 |
| Net Income | 4,304,000 | 1,790,000 | 4,660,000 | 5,784,000 | 5,347,000 | 4,245,000 | 3,558,000 | 1,738,000 |
| Earnings Per Share: | ||||||||
| Basic | 1.37 | 0.57 | 1.50 | 1.88 | 1.76 | 1.37 | 1.02 | 0.47 |
| Diluted | 1.37 | 0.57 | 1.46 | 1.84 | 1.74 | 1.35 | 1.01 | 0.47 |
| Dividends Paid Per Share | 0.40 | 0.40 | 0.40 | 0.35 | 0.30 | 0.30 | 0.25 | 0.20 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.