IF Bancorp, Inc.
ifbancorp.q4ir.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2026 10-Q, filed Feb 12, 2026. Its latest SEC filing is a SCHEDULE 13G/A from May 15, 2026.
10-Q for Q2 FY2026, filed Feb 12, 2026
The sections below describe the company as of the FY2025 annual report.
What Did They Do?
Takes deposits and makes home, commercial property and business loans for households and businesses, and offers insurance and investment services.
10-K for FY2025, filed Sep 11, 2025Iroquois Federal is a federally chartered savings association headquartered in Watseka, Illinois. The Association’s business consists…View ↗
In addition to our traditional banking products and services, we offer a full line of property and casualty insurance products through…View ↗
Commercial Business Loans. We also originate commercial non-mortgage business (term) loans and adjustable lines of credit. At June 30…View ↗
How Did They Make Money?
It earns interest on loans and investments, while paying interest on deposits and borrowings; it also charges deposit-account fees, collects insurance commissions as policy premium cash arrives, and bills brokerage customers at the start of each quarter.
10-K for FY2025, filed Sep 11, 2025Our results of operations depend primarily on our net interest income. Net interest income is the difference between the interest income we…View ↗
Customer Service Fees – The Company generates revenue from fees charged for deposit account maintenance, overdrafts, wire transfers, and…View ↗
Insurance Commissions – The Company’s insurance agency, IF Insurance Agency, receives commissions on premiums of new and renewed business…View ↗
Brokerage Commissions – The primary brokerage revenue is recorded at the beginning of each quarter through billing to customers based on…View ↗
$43.4M
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10-K for FY2025, filed Sep 11, 2025
$43.4M ↗
Who Were Their Customers?
Individuals and businesses use its branches and digital banking channels for deposit accounts and loans; small and medium-sized companies borrow for working capital, equipment, inventory or furniture. It also offers insurance and investment services through its agency and financial division.
10-K for FY2025, filed Sep 11, 2025Iroquois Federal is a federally chartered savings association headquartered in Watseka, Illinois. The Association’s business consists…View ↗
We offer a variety of deposit accounts, including savings accounts, certificates of deposit, money market accounts, commercial and personal…View ↗
In addition to our traditional banking products and services, we offer a full line of property and casualty insurance products through…View ↗
Commercial Business Loans. We also originate commercial non-mortgage business (term) loans and adjustable lines of credit. At June 30…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 10 cents of every revenue dollar as net income in FY2025 and turned 15 cents into free cash flow.
How Were They Changing?
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Mar 13, 2026
ServBanc completed its acquisition, and IF Bancorp was delisted
Each share converted into a right to receive $26.40 in cash; Iroquois Federal merged into Servbank.
Sources
8-K, filed Mar 13, 2026
Under the terms of the Merger Agreement, each share of IF Bancorp common stock was converted into the right to receive $26.40 in cash (the…View ↗
Grew. Revenue grew 78% in 4 years, from $24.4M in FY2021 to $43.4M in FY2025, about 16% a year.
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