Central Plains Bancshares (NASDAQ: CPBI) is a Nebraska-based bank holding company that operates through its subsidiary, Home Federal Savings, a federally chartered savings bank. The company makes money primarily through net interest income, the spread between interest earned on loans and investment securities and interest paid on deposits and borrowings. Home Federal Savings accepts deposits from the general public and deploys those funds into one- to four-family residential mortgage loans, commercial real estate loans, agricultural loans, construction loans, and consumer and commercial and industrial loans. Non-interest income sources include servicing fees on loans, service charges on deposit accounts, interchange income, and gain on sale of loans. As of March 31, 2025, the bank operated from a main office in Grand Island, Nebraska, eight branch offices across Grand Island, Hastings, Holdrege, Lexington, Lincoln, and Superior, Nebraska, and a drive-up facility in Grand Island. Home Federal Savings is regulated and examined by the OCC and was categorized as well-capitalized as of March 31, 2025.

Revenue model

Net interest income is the primary revenue driver, earned as the spread between interest on loans and investment securities and interest paid on deposits and FHLB borrowings. Secondary revenue comes from loan servicing fees, deposit service charges, interchange income, and gains on loan sales.

Products and services

Deposit accounts including checking, savings, and certificates of deposit. Loan products include one- to four-family residential mortgages, commercial real estate loans, agricultural real estate and non-real estate loans (10.65% of total loans as of March 31, 2025), real estate construction loans (3.75% of total loans as of March 31, 2025), multi-family residential loans, commercial and industrial loans, and consumer loans. Electronic banking services include mobile banking, online banking, bill pay, and Zelle funds transfer.

Customers and end markets

General public depositors and borrowers in central Nebraska. End markets include residential homeowners, commercial real estate operators, agricultural producers, and small businesses. The primary market area is Nebraska, with concentrations in Grand Island and surrounding communities.

Value-chain role

Community savings bank operating as a deposit-taking and loan-originating institution. Originates and holds loans on balance sheet and sells some loans, retaining servicing rights. Funded primarily through retail deposits with supplemental FHLB advances.

Geographic exposure

Operates exclusively in Nebraska. Branch offices located in Grand Island (main office plus additional branches and drive-up), Hastings, Holdrege, Lexington, Lincoln, and Superior as of March 31, 2025. New Lincoln branch was 98% complete as of March 31, 2025; new Hastings location opened May 2025.

Source: SEC 10-K, filed 2025-06-26

Industry: Savings Institution, Federally Chartered Peers: Truist Financial Corp Community Heritage Financial, Inc. Home Federal Bancorp Inc of Louisiana