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Share Name | Share Symbol | Market | Type |
---|---|---|---|
IF Bancorp Inc | NASDAQ:IROQ | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 16.75 | 6.91 | 27.42 | 0 | 09:16:00 |
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(State or Other Jurisdiction
of Incorporation)
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(Commission File No.)
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(I.R.S. Employer
Identification No.)
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|
|
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(Address of Principal Executive Offices)
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(Zip Code)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title of each class
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Trading
Symbol(s)
|
Name of each exchange on which registered
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||
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(d)
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Exhibits
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Exhibit No.
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Description
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Press release dated January 30, 2024
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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IF BANCORP, INC.
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||
DATE: January 30, 2024
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By:
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/s/ Pamela J. Verkler
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Pamela J. Verkler
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||
Senior Executive Vice President and Chief Financial Officer
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For the Three Months Ended December 31,
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For the Six Months Ended December 31,
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|||||||||||||||
2023
|
2022
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2023
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2022
|
|||||||||||||
(unaudited)
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||||||||||||||||
Interest and dividend income
|
$
|
10,229
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$
|
8,106
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$
|
19,520
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$
|
15,184
|
||||||||
Interest expense
|
5,841
|
2,061
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10,549
|
2,889
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||||||||||||
Net interest income
|
4,388
|
6,045
|
8,971
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12,295
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||||||||||||
Provision for credit losses
|
364
|
101
|
586
|
13
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||||||||||||
Net interest income after provision for credit losses
|
4,024
|
5,944
|
8,385
|
12,282
|
||||||||||||
Noninterest income
|
915
|
868
|
2,043
|
2,086
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||||||||||||
Noninterest expense
|
4,707
|
4,922
|
9,555
|
9,769
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||||||||||||
Income before taxes
|
232
|
1,890
|
873
|
4,599
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||||||||||||
Income tax expense
|
47
|
486
|
222
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1,226
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||||||||||||
Net income
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$
|
185
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$
|
1,404
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$
|
651
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$
|
3,373
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||||||||
Earnings per share (1) | ||||||||||||||||
Basic
|
$
|
0.06
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$
|
0.44
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$
|
0.20
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$
|
1.07
|
||||||||
Diluted
|
$
|
0.06
|
$
|
0.43
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$
|
0.20
|
$
|
1.05
|
||||||||
Weighted average shares outstanding (1)
|
||||||||||||||||
Basic
|
3,207,883
|
3,171,638
|
3,205,477
|
3,138,188
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||||||||||||
Diluted
|
3,207,883
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3,244,962
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3,205,477
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3,212,964
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||||||||||||
________________________
footnotes on following page |
For the Six Months Ended
December 31, 2023 |
For the Year
Ended
June 30, 2023
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|||||||
(unaudited)
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||||||||
Return on average assets
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0.15
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%
|
0.56
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%
|
||||
Return on average equity
|
1.88
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%
|
6.56
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%
|
||||
Net interest margin on average interest earning assets
|
2.16
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%
|
2.80
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%
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At
December 31, 2023
|
At
June 30, 2023
|
|||||||
(unaudited)
|
||||||||
Assets
|
$
|
910,783
|
$
|
848,976
|
||||
Cash and cash equivalents
|
8,169
|
10,988
|
||||||
Investment securities
|
199,930
|
201,299
|
||||||
Net loans receivable
|
653,549
|
587,457
|
||||||
Deposits
|
678,045
|
735,314
|
||||||
Federal Home Loan Bank borrowings, repurchase agreements and other borrowings
|
148,465
|
30,287
|
||||||
Total stockholders’ equity
|
73,741
|
71,753
|
||||||
Book value per share (2)
|
21.98
|
21.39
|
||||||
Average stockholders’ equity to average total assets
|
7.98
|
%
|
8.59
|
%
|
At
December 31, 2023
|
At
June 30, 2023
|
|||||||
(unaudited)
|
||||||||
Non-performing assets (3)
|
$
|
36
|
$
|
148
|
||||
Allowance for credit losses
|
7,935
|
7,139
|
||||||
Non-performing assets to total assets
|
0.01
|
%
|
0.02
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%
|
||||
Allowance for credit losses to total loans
|
1.20
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%
|
1.20
|
%
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(1) |
Shares outstanding do not include ESOP shares not committed for release.
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(2) |
Total stockholders’ equity divided by shares outstanding of 3,354,626 at December 31, 2023 and June 30, 2023.
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(3) |
Non-performing assets include non-accrual loans, loans past due 90 days or more and accruing, and foreclosed assets held for sale.
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Document and Entity Information |
Jan. 30, 2024 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Jan. 30, 2024 |
Entity File Number | 001-35226 |
Entity Registrant Name | IF BANCORP, INC. |
Entity Central Index Key | 0001514743 |
Entity Incorporation, State or Country Code | MD |
Entity Tax Identification Number | 45-1834449 |
Entity Address, Address Line One | 201 East Cherry Street |
Entity Address, City or Town | Watseka |
Entity Address, State or Province | IL |
Entity Address, Postal Zip Code | 60970 |
City Area Code | 815 |
Local Phone Number | 432-2476 |
Title of 12(b) Security | Common Stock, par value $0.01 per share |
Trading Symbol | IROQ |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
1 Year IF Bancorp Chart |
1 Month IF Bancorp Chart |
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