2018 Q3 Form 10-Q Financial Statement

#000119312518323483 Filed on November 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $6.419M $5.468M
YoY Change 17.39% 0.92%
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 $149.0K $119.0K
YoY Change 25.21% 12.26%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.957M $1.057M
YoY Change 85.15% 16.54%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.279M $1.513M
YoY Change -15.47% -27.08%
Income Tax $345.0K $538.0K
% Of Pretax Income 26.97% 35.56%
Net Earnings $934.0K $975.0K
YoY Change -4.21% -25.17%
Net Earnings / Revenue 14.55% 17.83%
Basic Earnings Per Share $0.26 $0.27
Diluted Earnings Per Share $0.25 $0.26
COMMON SHARES
Basic Shares Outstanding 3.624M 3.673M shares
Diluted Shares Outstanding 3.693M 3.708M shares

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $7.130M $5.451M
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 $10.55M $9.162M
YoY Change 15.14% 105.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.100M $4.100M
YoY Change 0.0% 105.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $655.5M $612.0M
YoY Change 7.1% 3.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.100M $600.0K
YoY Change 83.33% -14.29%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.100M $2.900M
YoY Change -27.59% -35.56%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.100M $600.0K
YoY Change 83.33% -14.29%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.600M $6.000M
YoY Change -6.67% 7.14%
Total Long-Term Liabilities $5.600M $6.000M
YoY Change -6.67% 7.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.100M $600.0K
Total Long-Term Liabilities $5.600M $6.000M
Total Liabilities $574.4M $527.3M
YoY Change 8.93% 4.43%
SHAREHOLDERS EQUITY
Retained Earnings $39.34M $39.63M
YoY Change -0.75% 6.57%
Common Stock $48.53M $48.08M
YoY Change 0.92% 0.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $81.08M $84.74M
YoY Change
Total Liabilities & Shareholders Equity $655.5M $612.0M
YoY Change 7.1% 3.96%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $934.0K $975.0K
YoY Change -4.21% -25.17%
Depreciation, Depletion And Amortization $149.0K $119.0K
YoY Change 25.21% 12.26%
Cash From Operating Activities $6.000K $270.0K
YoY Change -97.78% -83.54%
INVESTING ACTIVITIES
Capital Expenditures $472.0K $3.441M
YoY Change -86.28% 3640.22%
Acquisitions
YoY Change
Other Investing Activities -$14.99M -$24.75M
YoY Change -39.43% -319.22%
Cash From Investing Activities -$15.46M -$28.19M
YoY Change -45.15% -351.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 17.83M 25.61M
YoY Change -30.36% -433.42%
NET CHANGE
Cash From Operating Activities 6.000K 270.0K
Cash From Investing Activities -15.46M -28.19M
Cash From Financing Activities 17.83M 25.61M
Net Change In Cash 2.376M -2.315M
YoY Change -202.63% -144.86%
FREE CASH FLOW
Cash From Operating Activities $6.000K $270.0K
Capital Expenditures $472.0K $3.441M
Free Cash Flow -$466.0K -$3.171M
YoY Change -85.3% -304.84%

Facts In Submission

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CY2018Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
8935000
CY2018Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
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CY2018Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
9342000
CY2018Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
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CY2018Q2 us-gaap Interest Bearing Domestic Deposit Certificates Of Deposits
InterestBearingDomesticDepositCertificatesOfDeposits
229236000
CY2018Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
188000
CY2018Q2 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
514000
CY2018Q2 us-gaap Interest Receivable
InterestReceivable
1821000
CY2018Q2 us-gaap Line Of Credit
LineOfCredit
0
CY2018Q2 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
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CY2018Q2 us-gaap Loans And Leases Receivable Net Reported Amount
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476480000
CY2018Q2 us-gaap Liabilities
Liabilities
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CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
638923000
CY2018Q2 us-gaap Loans Receivable Commercial Financial And Agricultural
LoansReceivableCommercialFinancialAndAgricultural
68720000
CY2018Q2 us-gaap Loans And Leases Receivable Consumer Installment Durable Goods
LoansAndLeasesReceivableConsumerInstallmentDurableGoods
7366000
CY2018Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
482264000
CY2018Q2 us-gaap Loans Receivable Commercial Real Estate
LoansReceivableCommercialRealEstate
140944000
CY2018Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5945000
CY2018Q2 us-gaap Loans And Leases Receivable Consumer Home Equity
LoansAndLeasesReceivableConsumerHomeEquity
9058000
CY2018Q2 us-gaap Other Assets
OtherAssets
720000
CY2018Q2 us-gaap Other Liabilities
OtherLiabilities
3779000
CY2018Q2 us-gaap Other Postretirement Defined Benefit Plan Liabilities Current And Noncurrent
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2770000
CY2018Q2 us-gaap Property Plant And Equipment Net
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10226000
CY2018Q2 us-gaap Pledged Assets Separately Reported Securities Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedSecuritiesPledgedAsCollateralAtFairValue
64625000
CY2018Q2 us-gaap Real Estate Acquired Through Foreclosure
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219000
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
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38885000
CY2018Q2 us-gaap Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
2281000
CY2018Q2 us-gaap Servicing Asset At Fair Value Amount
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866000
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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16.63
CY2018Q2 us-gaap Unearned Esop Shares
UnearnedESOPShares
2502000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
81675000
CY2018Q2 iroq Interest Bearing Time Deposits In Banks
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1750000
CY2018Q2 iroq Maximum Amount Of Other Secured Loans Residential Mortgage Loans Can Be Approved By Managing Officer
MaximumAmountOfOtherSecuredLoansResidentialMortgageLoansCanBeApprovedByManagingOfficer
375000
CY2018Q2 iroq Maximum Amount Of One To Four Family Residential Mortgage Loans Can Be Approved By Loan Officer
MaximumAmountOfOneToFourFamilyResidentialMortgageLoansCanBeApprovedByLoanOfficer
100000
CY2018Q2 iroq Loans Receivable Gross One To Four Family Including Home Equity Loans
LoansReceivableGrossOneToFourFamilyIncludingHomeEquityLoans
134977000
CY2018Q2 iroq Maximum Amount Of One To Four Family Residential Mortgage Loans Can Be Approved By Managing Officer
MaximumAmountOfOneToFourFamilyResidentialMortgageLoansCanBeApprovedByManagingOfficer
375000
CY2018Q2 iroq Maximum Amount Of Unsecured Loans Residential Mortgage Loans Can Be Approved By Managing Officer
MaximumAmountOfUnsecuredLoansResidentialMortgageLoansCanBeApprovedByManagingOfficer
100000
CY2018Q2 iroq Maximum Amount Of Other Secured Loans Residential Mortgage Loans Can Be Approved By Loan Officer
MaximumAmountOfOtherSecuredLoansResidentialMortgageLoansCanBeApprovedByLoanOfficer
50000
CY2018Q2 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
2000000
CY2018Q2 iroq Deposits Savings Negotiable Order Of Withdrawal Now And Money Market Deposits
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195491000
CY2018Q2 iroq Real Estate Construction Loans
RealEstateConstructionLoans
13763000
CY2018Q2 iroq Maximum Amount Of Unsecured Loans Residential Mortgage Loans Can Be Approved By Loan Committee
MaximumAmountOfUnsecuredLoansResidentialMortgageLoansCanBeApprovedByLoanCommittee
500000
CY2018Q2 iroq Brokered Certificates Of Deposit
BrokeredCertificatesOfDeposit
34344000
CY2018Q2 iroq Commitments To Originate Loans
CommitmentsToOriginateLoans
0
CY2018Q2 iroq Loans Receivable Gross Multi Family
LoansReceivableGrossMultiFamily
107436000
CY2018Q2 iroq Temporarily Impaired Debt Securities Percentage Of Investment Securities Portfolio
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0.95 pure
CY2018Q2 iroq Maximum Amount Of Unsecured Loans Residential Mortgage Loans Can Be Approved By Loan Officer
MaximumAmountOfUnsecuredLoansResidentialMortgageLoansCanBeApprovedByLoanOfficer
10000
CY2011Q3 us-gaap Employee Stock Ownership Plan Esop Shares Contributed To Esop
EmployeeStockOwnershipPlanESOPSharesContributedToESOP
384900 shares
CY2016Q1 iroq Tier One Risk Based Capital To Risk Weighted Assets Conservation Buffer
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0.00625 pure
CY2018 us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
-777000
CY2018 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
9000
CY2018 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1676000
CY2018 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
10278000
CY2018 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
144000
CY2018 iroq Impaired Financing Receivable Interest Income Loss Accrual Method
ImpairedFinancingReceivableInterestIncomeLossAccrualMethod
142000
CY2017Q3 us-gaap Advertising Expense
AdvertisingExpense
84000
CY2017Q3 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-41000
CY2017Q3 us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
-408000
CY2017Q3 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
20000
CY2017Q3 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
7000
CY2017Q3 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
13000
CY2017Q3 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
177000
CY2017Q3 us-gaap Brokerage Commissions Revenue
BrokerageCommissionsRevenue
177000
CY2017Q3 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2315000
CY2017Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2017Q3 us-gaap Comprehensive Income Net Of Tax
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1015000
CY2017Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2017Q3 us-gaap Depreciation
Depreciation
119000
CY2017Q3 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
393000
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2017Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.34 pure
CY2017Q3 us-gaap Equipment Expense
EquipmentExpense
310000
CY2017Q3 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
95000
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2017Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
43000
CY2017Q3 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
70000
CY2017Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1000
CY2017Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
4000
CY2017Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
100000
CY2017Q3 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
100000
CY2017Q3 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0 Modification
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1513000
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
538000
CY2017Q3 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
1056000
CY2017Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
509000
CY2017Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
514000
CY2017Q3 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
79000
CY2017Q3 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
12000
CY2017Q3 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
291000
CY2017Q3 us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
-232000
CY2017Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
11510000
CY2017Q3 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
36000
CY2017Q3 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
17000
CY2017Q3 us-gaap Interest Expense
InterestExpense
1057000
CY2017Q3 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
646000
CY2017Q3 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
35000
CY2017Q3 us-gaap Increase Decrease In Postretirement Obligations
IncreaseDecreaseInPostretirementObligations
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CY2017Q3 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
173000
CY2017Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
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CY2017Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
885000
CY2017Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
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CY2017Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4411000
CY2017Q3 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
25000
CY2017Q3 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
27000
CY2017Q3 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
455000
CY2017Q3 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-271000
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2017Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
4740000
CY2017Q3 us-gaap Interest Paid Net
InterestPaidNet
1030000
CY2017Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2339000
CY2017Q3 us-gaap Noninterest Expense
NoninterestExpense
3658000
CY2017Q3 us-gaap Noninterest Income
NoninterestIncome
1168000
CY2017Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2017Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
25607000
CY2017Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
270000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
975000
CY2017Q3 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
31000
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
40000
CY2017Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
0
CY2017Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
39000
CY2017Q3 us-gaap Noninterest Expense Printing And Fulfillment
NoninterestExpensePrintingAndFulfillment
40000
CY2017Q3 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
231000
CY2017Q3 us-gaap Occupancy Net
OccupancyNet
169000
CY2017Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-1000
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
8000
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
5000
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
47000
CY2017Q3 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
9130000
CY2017Q3 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
810000
CY2017Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3441000
CY2017Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
371000
CY2017Q3 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
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CY2017Q3 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
670000
CY2017Q3 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
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CY2017Q3 us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
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CY2017Q3 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
395000
CY2017Q3 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
46000000
CY2017Q3 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
4756000
CY2017Q3 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
203000
CY2017Q3 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
9000
CY2017Q3 us-gaap Professional Fees
ProfessionalFees
79000
CY2017Q3 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
34500000
CY2017Q3 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
5827000
CY2017Q3 us-gaap Profit Loss
ProfitLoss
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CY2017Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
408000
CY2017Q3 us-gaap Share Based Compensation
ShareBasedCompensation
56000
CY2017Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
56000
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2017Q3 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
267024 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2017Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
3940408 shares
CY2017Q3 iroq Organizational Dues And Subscriptions
OrganizationalDuesAndSubscriptions
17000
CY2017Q3 iroq Insurance Bond Premiums
InsuranceBondPremiums
35000
CY2017Q3 iroq Net Increase Decrease In Demand Deposits Money Market Now And Savings Accounts
NetIncreaseDecreaseInDemandDepositsMoneyMarketNowAndSavingsAccounts
12613000
CY2017Q3 iroq Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvances
172000
CY2017Q3 iroq Federal Home Loan Bank Dividends
FederalHomeLoanBankDividends
22000
CY2017Q3 iroq Esop Shares Earned
EsopSharesEarned
95000
CY2017Q3 iroq Income Tax Reconciliation Cash Surrender Value Life Insurance
IncomeTaxReconciliationCashSurrenderValueLifeInsurance
60000
CY2017Q3 iroq Impaired Financing Receivable Interest Income Loss Accrual Method
ImpairedFinancingReceivableInterestIncomeLossAccrualMethod
35000
CY2017Q3 iroq Audit And Accounting Services
AuditAndAccountingServices
64000
CY2017Q3 iroq Telephone And Postage
TelephoneAndPostage
67000
CY2017Q3 iroq Esop Shares Earned Shares
ESOPSharesEarnedShares
4811 shares
CY2017Q3 iroq Supervisory Examinations
SupervisoryExaminations
40000
CY2018Q3 us-gaap Advertising Expense
AdvertisingExpense
142000
CY2018Q3 dei Amendment Flag
AmendmentFlag
false
CY2018Q3 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-7000
CY2018Q3 us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
-237000
CY2018Q3 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
0
CY2018Q3 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
67000
CY2018Q3 us-gaap Brokerage Commissions Revenue
BrokerageCommissionsRevenue
276000
CY2018Q3 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2376000
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-284000
CY2018Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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CY2018Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-14000
CY2018Q3 us-gaap Depreciation
Depreciation
149000
CY2018Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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CY2018Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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CY2018Q3 dei Document Type
DocumentType
10-Q
CY2018Q3 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
484000
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2018Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2018Q3 dei Entity Central Index Key
EntityCentralIndexKey
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CY2018Q3 us-gaap Equipment Expense
EquipmentExpense
331000
CY2018Q3 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
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CY2018Q3 dei Entity Registrant Name
EntityRegistrantName
IF Bancorp, Inc.
CY2018Q3 dei Entity Small Business
EntitySmallBusiness
true
CY2018Q3 dei Document Period End Date
DocumentPeriodEndDate
2018-09-30
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2018Q3 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2018Q3 dei Entity Filer Category
EntityFilerCategory
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CY2018Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
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CY2018Q3 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
86000
CY2018Q3 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
120000
CY2018Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1000
CY2018Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2000
CY2018Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
93000
CY2018Q3 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
93000
CY2018Q3 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0 Modification
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1279000
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
345000
CY2018Q3 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
16754000
CY2018Q3 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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CY2018Q3 us-gaap Interest Expense
InterestExpense
1957000
CY2018Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
269000
CY2018Q3 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
86000
CY2018Q3 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
7000
CY2018Q3 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
474000
CY2018Q3 us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
348000
CY2018Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
2842000
CY2018Q3 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
39000
CY2018Q3 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
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CY2018Q3 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
33000
CY2018Q3 us-gaap Increase Decrease In Postretirement Obligations
IncreaseDecreaseInPostretirementObligations
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CY2018Q3 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
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CY2018Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
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CY2018Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
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CY2018Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
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CY2018Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4462000
CY2018Q3 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
25000
CY2018Q3 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
205000
CY2018Q3 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-190000
CY2018Q3 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1405000
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
69853 shares
CY2018Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
5505000
CY2018Q3 us-gaap Interest Paid Net
InterestPaidNet
1752000
CY2018Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2503000
CY2018Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
626000
CY2018Q3 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
14759000
CY2018Q3 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
5457000
CY2018Q3 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
-147000
CY2018Q3 us-gaap Noninterest Expense
NoninterestExpense
4224000
CY2018Q3 us-gaap Noninterest Income
NoninterestIncome
1278000
CY2018Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15463000
CY2018Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17833000
CY2018Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
934000
CY2018Q3 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
-120000
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1218000
CY2018Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
31000
CY2018Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1191000
CY2018Q3 us-gaap Noninterest Expense Printing And Fulfillment
NoninterestExpensePrintingAndFulfillment
36000
CY2018Q3 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
262000
CY2018Q3 us-gaap Occupancy Net
OccupancyNet
211000
CY2018Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
27000
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1191000
CY2018Q3 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
754000
CY2018Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
472000
CY2018Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y2M12D
CY2018Q3 us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
4629000
CY2018Q3 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
72250000
CY2018Q3 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
3894000
CY2018Q3 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
450000
CY2018Q3 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
1635000
CY2018Q3 us-gaap Professional Fees
ProfessionalFees
120000
CY2018Q3 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
65000000
CY2018Q3 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
4900000
CY2018Q3 us-gaap Profit Loss
ProfitLoss
934000
CY2018Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
237000
CY2018Q3 us-gaap Share Based Compensation
ShareBasedCompensation
56000
CY2018Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2018Q3 iroq Esop Shares Earned
EsopSharesEarned
118000
CY2018Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y2M12D
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2018Q3 dei Trading Symbol
TradingSymbol
IROQ
CY2018Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2018Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2018Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2018Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
56000
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3693482 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
247779 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3623629 shares
CY2018Q3 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0
CY2018Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
3871408 shares
CY2018Q3 iroq Organizational Dues And Subscriptions
OrganizationalDuesAndSubscriptions
19000
CY2018Q3 iroq Insurance Bond Premiums
InsuranceBondPremiums
42000
CY2018Q3 iroq Net Increase Decrease In Demand Deposits Money Market Now And Savings Accounts
NetIncreaseDecreaseInDemandDepositsMoneyMarketNowAndSavingsAccounts
-6372000
CY2018Q3 iroq Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvances
418000
CY2018Q3 iroq Federal Home Loan Bank Dividends
FederalHomeLoanBankDividends
29000
CY2018Q3 iroq Income Tax Reconciliation Cash Surrender Value Life Insurance
IncomeTaxReconciliationCashSurrenderValueLifeInsurance
14000
CY2018Q3 iroq Impaired Financing Receivable Interest Income Loss Accrual Method
ImpairedFinancingReceivableInterestIncomeLossAccrualMethod
38000
CY2018Q3 iroq Audit And Accounting Services
AuditAndAccountingServices
40000
CY2018Q3 iroq Telephone And Postage
TelephoneAndPostage
67000
CY2018Q3 iroq Esop Shares Earned Shares
ESOPSharesEarnedShares
4811 shares
CY2018Q3 iroq Stock Repurchase Program Authorization Date
StockRepurchaseProgramAuthorizationDate
2016-02-05
CY2018Q3 iroq Minimum Number Of Period To Be Considered Past Due
MinimumNumberOfPeriodToBeConsideredPastDue
P90D
CY2018Q3 iroq Tier One Risk Based Capital To Risk Weighted Assets Conservation Buffer
TierOneRiskBasedCapitalToRiskWeightedAssetsConservationBuffer
0.01875 pure
CY2018Q3 iroq Tier One Capital Conservation Buffer To Risk Weighted Assets Required Under Regulatory
TierOneCapitalConservationBufferToRiskWeightedAssetsRequiredUnderRegulatory
0.025 pure
CY2018Q3 iroq Supervisory Examinations
SupervisoryExaminations
44000

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