2017 Q2 Form 10-Q Financial Statement

#000119312517166833 Filed on May 11, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2017 Q1 2016 Q1
Revenue $5.255M $5.148M
YoY Change 2.08% 9.07%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00K $100.0K $110.0K
YoY Change -90.91% -9.09% 0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $898.0K $834.0K
YoY Change 7.67% 5.57%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $930.0K $1.323M $1.486M
YoY Change -44.97% -10.97% 9.59%
Income Tax $330.0K $479.0K $542.0K
% Of Pretax Income 35.48% 36.21% 36.47%
Net Earnings $600.0K $844.0K $944.0K
YoY Change -43.93% -10.59% 6.07%
Net Earnings / Revenue 16.06% 18.34%
Basic Earnings Per Share $0.23 $0.25
Diluted Earnings Per Share $162.2K $0.23 $0.25
COMMON SHARES
Basic Shares Outstanding 3.940M shares 3.664M shares 3.718M shares
Diluted Shares Outstanding 3.698M shares 3.723M shares

Balance Sheet

Concept 2017 Q2 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $7.766M $16.79M $12.43M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $5.840M $4.886M $4.642M
YoY Change 27.34% 5.26% -4.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.700M $3.200M $2.100M
YoY Change 117.65% 52.38% 75.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $585.5M $591.5M $584.2M
YoY Change -1.69% 1.24% 6.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $800.0K $1.100M $1.200M
YoY Change -20.0% -8.33% -7.69%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.200M $2.400M $4.900M
YoY Change -50.0% -51.02% 11.36%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $800.0K $1.100M $1.200M
YoY Change -20.0% -8.33% -7.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.900M $6.100M $5.200M
YoY Change 7.27% 17.31% 26.83%
Total Long-Term Liabilities $5.900M $6.100M $5.200M
YoY Change 7.27% 17.31% 26.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $800.0K $1.100M $1.200M
Total Long-Term Liabilities $5.900M $6.100M $5.200M
Total Liabilities $501.5M $508.3M $501.9M
YoY Change -1.97% 1.26% 8.05%
SHAREHOLDERS EQUITY
Retained Earnings $39.05M $38.43M $36.00M
YoY Change 5.27% 6.73% -7.62%
Common Stock $47.98M $47.88M $47.48M
YoY Change 0.85% 0.84% 1.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $83.97M $83.20M $82.27M
YoY Change
Total Liabilities & Shareholders Equity $585.5M $591.5M $584.2M
YoY Change -1.69% 1.24% 6.27%

Cashflow Statement

Concept 2017 Q2 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $600.0K $844.0K $944.0K
YoY Change -43.93% -10.59% 6.07%
Depreciation, Depletion And Amortization $10.00K $100.0K $110.0K
YoY Change -90.91% -9.09% 0.0%
Cash From Operating Activities $1.090M $2.100M $1.950M
YoY Change 13.54% 7.69% 16.77%
INVESTING ACTIVITIES
Capital Expenditures -$970.0K -$140.0K -$60.00K
YoY Change 2325.0% 133.33% 500.0%
Acquisitions
YoY Change
Other Investing Activities -$2.610M $490.0K -$16.37M
YoY Change -83.94% -102.99% -910.4%
Cash From Investing Activities -$3.570M $340.0K -$16.41M
YoY Change -78.1% -102.07% -916.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.530M 8.790M 21.27M
YoY Change -169.76% -58.67% -1098.59%
NET CHANGE
Cash From Operating Activities 1.090M 2.100M 1.950M
Cash From Investing Activities -3.570M 340.0K -16.41M
Cash From Financing Activities -6.530M 8.790M 21.27M
Net Change In Cash -9.010M 11.23M 6.810M
YoY Change 50.67% 64.9% 339.35%
FREE CASH FLOW
Cash From Operating Activities $1.090M $2.100M $1.950M
Capital Expenditures -$970.0K -$140.0K -$60.00K
Free Cash Flow $2.060M $2.240M $2.010M
YoY Change 106.0% 11.44% 19.64%

Facts In Submission

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CY2017Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
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CY2017Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2017Q1 us-gaap Liabilities
Liabilities
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CY2017Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2017Q1 us-gaap Loans Receivable Commercial Real Estate
LoansReceivableCommercialRealEstate
121227000
CY2017Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
3833000
CY2017Q1 us-gaap Interest Receivable
InterestReceivable
1921000
CY2017Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
443143000
CY2017Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
439310000
CY2017Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
3147000
CY2017Q1 us-gaap Pledged Assets Separately Reported Securities Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue
65294000
CY2017Q1 us-gaap Line Of Credit
LineOfCredit
0
CY2017Q1 us-gaap Loans Receivable Commercial Financial And Agricultural
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57801000
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
501000
CY2017Q1 us-gaap Interest Bearing Domestic Deposit Certificates Of Deposits
InterestBearingDomesticDepositCertificatesOfDeposits
208937000
CY2017Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
437946000
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4886000
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
16.63
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
83202000
CY2017Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
208000
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.63
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
64000 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
70438 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
16.79
CY2017Q1 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
627000
CY2017Q1 us-gaap Unused Commitments To Extend Credit
UnusedCommitmentsToExtendCredit
45630000
CY2017Q1 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
155000
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
38426000
CY2017Q1 us-gaap Unearned Esop Shares
UnearnedESOPShares
2742000
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
209000
CY2017Q1 us-gaap Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
2440000
CY2017Q1 us-gaap Other Postretirement Defined Benefit Plan Liabilities Current And Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesCurrentAndNoncurrent
3003000
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
153143 shares
CY2017Q1 iroq Maximum Amount Of Other Secured Loans Residential Mortgage Loans Can Be Approved By Loan Officer
MaximumAmountOfOtherSecuredLoansResidentialMortgageLoansCanBeApprovedByLoanOfficer
50000
CY2017Q1 iroq Interest Bearing Time Deposits In Banks
InterestBearingTimeDepositsInBanks
250000
CY2017Q1 iroq Real Estate Construction Loans
RealEstateConstructionLoans
25647000
CY2017Q1 iroq Maximum Amount Of One To Four Family Residential Mortgage Loans Can Be Approved By Loan Officer
MaximumAmountOfOneToFourFamilyResidentialMortgageLoansCanBeApprovedByLoanOfficer
100000
CY2017Q1 iroq Fair Value Of Unearned Esop Shares
FairValueOfUnearnedEsopShares
5457000
CY2017Q1 iroq Maximum Amount Other Secured Loans Residential Mortgage Loans Can Be Approved By Managing Officer
MaximumAmountOtherSecuredLoansResidentialMortgageLoansCanBeApprovedByManagingOfficer
300000
CY2017Q1 iroq Share Based Compensation Arrangement By Share Based Payment Award Options Closing Price Per Share
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsClosingPricePerShare
19.90
CY2017Q1 iroq Deposits Savings Negotiable Order Of Withdrawal Now And Money Market Deposits
DepositsSavingsNegotiableOrderOfWithdrawalNowAndMoneyMarketDeposits
166456000
CY2017Q1 iroq Maximum Amount Of Unsecured Loans Residential Mortgage Loans Can Be Approved By Loan Committee
MaximumAmountOfUnsecuredLoansResidentialMortgageLoansCanBeApprovedByLoanCommittee
300000
CY2017Q1 iroq Loans Receivable Gross Multi Family
LoansReceivableGrossMultiFamily
78288000
CY2017Q1 iroq Commitments Outstanding Amount
CommitmentsOutstandingAmount
25020000
CY2017Q1 iroq Maximum Asset Value Required To Be Exempted From Consolidated Capital Requirements
MaximumAssetValueRequiredToBeExemptedFromConsolidatedCapitalRequirements
1000000000
CY2017Q1 iroq Maximum Amount Of One To Four Family Residential Mortgage Loans Can Be Approved By Managing Officer
MaximumAmountOfOneToFourFamilyResidentialMortgageLoansCanBeApprovedByManagingOfficer
300000
CY2017Q1 iroq Maximum Aggregate Loan Amount Of One To Four Family Residential Mortgage Loans Commercial Real Estate Loans Multi Family Real Estate Loans And Land Loans Can Be Approved By Loan Committee
MaximumAggregateLoanAmountOfOneToFourFamilyResidentialMortgageLoansCommercialRealEstateLoansMultiFamilyRealEstateLoansAndLandLoansCanBeApprovedByLoanCommittee
1000000
CY2017Q1 iroq Accumulated Other Comprehensive Income Loss Tax Effect
AccumulatedOtherComprehensiveIncomeLossTaxEffect
230000
CY2017Q1 iroq Loans Receivable Gross One To Four Family Including Home Equity Loans
LoansReceivableGrossOneToFourFamilyIncludingHomeEquityLoans
144718000
CY2017Q1 iroq Maximum Amount Of Unsecured Loans Residential Mortgage Loans Can Be Approved By Loan Officer
MaximumAmountOfUnsecuredLoansResidentialMortgageLoansCanBeApprovedByLoanOfficer
10000
CY2017Q1 iroq Temporarily Impaired Debt Securities Percentage Of Investment Securities Portfolio
TemporarilyImpairedDebtSecuritiesPercentageOfInvestmentSecuritiesPortfolio
0.413 pure
CY2017Q1 iroq Maximum Amount Of Unsecured Loans Residential Mortgage Loans Can Be Approved By Managing Officer
MaximumAmountOfUnsecuredLoansResidentialMortgageLoansCanBeApprovedByManagingOfficer
100000
CY2017Q1 iroq Debt Securities Greater Than Stated Percentage Of Equity Securities
DebtSecuritiesGreaterThanStatedPercentageOfEquitySecurities
0.10 pure
CY2017Q1 iroq Credit Conversion Factor
CreditConversionFactor
0.00 pure
CY2017Q1 iroq Brokered Certificates Of Deposit
BrokeredCertificatesOfDeposit
38773000
CY2017Q1 iroq Commitments To Originate Loans
CommitmentsToOriginateLoans
0
CY2017Q1 iroq Loans And Leases Payable And Receivable Deferred Income
LoansAndLeasesPayableAndReceivableDeferredIncome
-169000
CY2017Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
3940408 shares
CY2011Q3 us-gaap Employee Stock Ownership Plan Esop Shares Contributed To Esop
EmployeeStockOwnershipPlanESOPSharesContributedToESOP
384900 shares
CY2011Q3 iroq Number Of Donated Shares Of Common Stock
NumberOfDonatedSharesOfCommonStock
314755 shares
CY2011Q3 iroq Cash Donation
CashDonation
450000
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
115000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-195000
dei Entity Registrant Name
EntityRegistrantName
IF Bancorp, Inc.
us-gaap Advertising Expense
AdvertisingExpense
263000
us-gaap Equipment Expense
EquipmentExpense
872000
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001514743
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
395000
dei Document Period End Date
DocumentPeriodEndDate
2017-03-31
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
10336000
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0
dei Document Fiscal Year Focus
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2017
dei Amendment Flag
AmendmentFlag
false
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.16
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.90
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
32000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
242000
us-gaap Depreciation
Depreciation
309000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.89
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
771000
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
201000
us-gaap Brokerage Commissions Revenue
BrokerageCommissionsRevenue
420000
us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
277000
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
117000
us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
612000
us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
349000
us-gaap Employee Stock Ownership Plan Esop Shares Contributed To Esop
EmployeeStockOwnershipPlanESOPSharesContributedToESOP
384900 shares
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
117000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
134000
us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
-225000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y8M12D
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
151000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
552000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
13846000
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-5222000
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
104000
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
44000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
71000
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
-1952000
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
77000000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
542000
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1788000
us-gaap Increase Decrease In Postretirement Obligations
IncreaseDecreaseInPostretirementObligations
26000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
7089000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
3895000
us-gaap Net Income Loss
NetIncomeLoss
3317000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5259000
us-gaap Interest Expense
InterestExpense
2682000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
11164000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
13104000
us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
203000
us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
14927000
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
548000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-2540000
us-gaap Occupancy Net
OccupancyNet
444000
us-gaap Fees And Commissions Other
FeesAndCommissionsOther
186000
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
30000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1375000
us-gaap Noninterest Expense
NoninterestExpense
10823000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2546000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-9000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-486000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
27566 shares
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
46000
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
22680000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
13329000
us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
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us-gaap Payments Of Dividends
PaymentsOfDividends
612000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-5879000
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
6000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Other Noninterest Expense
OtherNoninterestExpense
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us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
36000
us-gaap Noninterest Expense Printing And Fulfillment
NoninterestExpensePrintingAndFulfillment
130000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2037000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
2095000
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0
us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
214000
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
214000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
16011000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1942000
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
107000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
5051000
us-gaap Noninterest Income
NoninterestIncome
2978000
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
214000
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IncreaseDecreaseInAccruedInterestReceivableNet
118000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
713000
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ProceedsFromFederalHomeLoanBankBorrowings
72500000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
14000
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IncreaseDecreaseInTimeDeposits
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InterestIncomeSecuritiesTaxable
1949000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
0
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
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StockIssuedDuringPeriodSharesStockOptionsExercised
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StockIssuedDuringPeriodValueShareBasedCompensation
169000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3714701 shares
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ProceedsFromSaleOfLoansHeldForSale
14954000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P6Y
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y8M12D
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WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
281458 shares
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
22286 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
10062 shares
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
355000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
0 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y8M12D
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
16.63
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26169000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
16.79
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1375000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3687135 shares
dei Trading Symbol
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IROQ
us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
2815000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
0 shares
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
225000
us-gaap Professional Fees
ProfessionalFees
400000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
11000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
3968593 shares
us-gaap Share Based Compensation
ShareBasedCompensation
169000
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2691000
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NoninterestIncomeOtherOperatingIncome
548000
iroq Tier One Capital Conservation Buffer To Risk Weighted Assets Required Under Regulatory
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0.025 pure
iroq Audit And Accounting Services
AuditAndAccountingServices
114000
iroq Esop Shares Earned Shares
ESOPSharesEarnedShares
14434 shares
iroq Net Change In Interest Bearing Time Deposits
NetChangeInInterestBearingTimeDeposits
2000
iroq Minimum Age To Be Attained By Employee To Avail Benefits Under Esop
MinimumAgeToBeAttainedByEmployeeToAvailBenefitsUnderEsop
P21Y
iroq Supervisory Examinations
SupervisoryExaminations
121000
iroq Term Period On Residential Mortgage Loan
TermPeriodOnResidentialMortgageLoan
P15Y
iroq Expected Loan Repayment Period
ExpectedLoanRepaymentPeriod
P20Y
iroq Unsecured Loans Limited To Period
UnsecuredLoansLimitedToPeriod
P12M
iroq Telephone And Postage
TelephoneAndPostage
153000
iroq Minimum Period To Consider As Defaults
MinimumPeriodToConsiderAsDefaults
P90D
iroq Tier One Risk Based Capital To Risk Weighted Assets Conservation Buffer
TierOneRiskBasedCapitalToRiskWeightedAssetsConservationBuffer
0.00625 pure
iroq Minimum Number Of Period To Be Considered Past Due
MinimumNumberOfPeriodToBeConsideredPastDue
P90D
iroq Insurance Bond Premiums
InsuranceBondPremiums
110000
iroq Charitable Contribution Carryforward Period
CharitableContributionCarryforwardPeriod
P5Y
iroq Esop Shares Earned
EsopSharesEarned
277000
iroq Federal Home Loan Bank Dividends
FederalHomeLoanBankDividends
79000
iroq Stock Repurchase Program Authorization Date
StockRepurchaseProgramAuthorizationDate
2016-02-05
iroq Consumer Loan Term In Year
ConsumerLoanTermInYear
P7Y
iroq Organizational Dues And Subscriptions
OrganizationalDuesAndSubscriptions
52000
iroq Percentage Of Shares Purchased Under Employee Stock Ownership Plan
PercentageOfSharesPurchasedUnderEmployeeStockOwnershipPlan
0.08 pure
iroq Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvances
587000
iroq Impaired Financing Receivable Interest Income Loss Accrual Method
ImpairedFinancingReceivableInterestIncomeLossAccrualMethod
80000
iroq Net Increase Decrease In Demand Deposits Money Market Now And Savings Accounts
NetIncreaseDecreaseInDemandDepositsMoneyMarketNowAndSavingsAccounts
12719000
iroq Stock Repurchased During Period Average Cost Per Share
StockRepurchasedDuringPeriodAverageCostPerShare
18.65
iroq Closing Price Of Share To Calculate Unearned Esop Shares
ClosingPriceOfShareToCalculateUnearnedEsopShares
19.90
iroq Income Tax Reconciliation Cash Surrender Value Life Insurance
IncomeTaxReconciliationCashSurrenderValueLifeInsurance
68000
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
217000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-239000
us-gaap Advertising Expense
AdvertisingExpense
253000
us-gaap Equipment Expense
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IncomeTaxReconciliationTaxExemptIncome
13000
CY2016Q1 us-gaap Noninterest Expense Printing And Fulfillment
NoninterestExpensePrintingAndFulfillment
42000
CY2016Q1 us-gaap Interest Expense Deposits
InterestExpenseDeposits
585000
CY2016Q1 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
31000
CY2016Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
5148000
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
542000
CY2016Q1 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
37000
CY2016Q1 us-gaap Noninterest Income
NoninterestIncome
926000
CY2016Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
59000
CY2016Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
1000
CY2016Q1 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
704000
CY2016Q1 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
678000
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3722605 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
295892 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3718169 shares
CY2016Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
254000
CY2016Q1 us-gaap Professional Fees
ProfessionalFees
106000
CY2016Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
4014061 shares
CY2016Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
161000
CY2016Q1 iroq Audit And Accounting Services
AuditAndAccountingServices
17000
CY2016Q1 iroq Supervisory Examinations
SupervisoryExaminations
38000
CY2016Q1 iroq Telephone And Postage
TelephoneAndPostage
80000
CY2016Q1 iroq Insurance Bond Premiums
InsuranceBondPremiums
29000
CY2016Q1 iroq Federal Home Loan Bank Dividends
FederalHomeLoanBankDividends
20000
CY2016Q1 iroq Organizational Dues And Subscriptions
OrganizationalDuesAndSubscriptions
2000
CY2016Q1 iroq Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvances
249000
CY2016Q1 iroq Impaired Financing Receivable Interest Income Loss Accrual Method
ImpairedFinancingReceivableInterestIncomeLossAccrualMethod
33000
CY2016Q1 iroq Income Tax Reconciliation Cash Surrender Value Life Insurance
IncomeTaxReconciliationCashSurrenderValueLifeInsurance
22000

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