2019 Q4 Form 10-Q Financial Statement

#000119312520027719 Filed on February 07, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018 Q3
Revenue $6.789M $6.658M $6.419M
YoY Change 1.97% 17.43% 17.39%
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 $180.0K $180.0K $149.0K
YoY Change 0.0% 50.0% 25.21%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.448M $2.167M $1.957M
YoY Change 12.97% 77.19% 85.15%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.336M $1.066M $1.279M
YoY Change 25.33% 12.09% -15.47%
Income Tax $372.0K $279.0K $345.0K
% Of Pretax Income 27.84% 26.17% 26.97%
Net Earnings $964.0K $787.0K $934.0K
YoY Change 22.49% -208.1% -4.21%
Net Earnings / Revenue 14.2% 11.82% 14.55%
Basic Earnings Per Share $0.32 $0.22 $0.26
Diluted Earnings Per Share $0.31 $0.22 $0.25
COMMON SHARES
Basic Shares Outstanding 3.043M 3.571M 3.624M
Diluted Shares Outstanding 3.100M 3.624M 3.693M

Balance Sheet

Concept 2019 Q4 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $10.84M $7.018M $7.130M
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 $10.47M $10.82M $10.55M
YoY Change -3.27% 14.99% 15.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.600M $3.300M $4.100M
YoY Change -51.52% 3.13% 0.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $678.2M $664.3M $655.5M
YoY Change 2.1% 8.63% 7.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.800M $1.600M $1.100M
YoY Change 75.0% 45.45% 83.33%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $3.300M $2.800M $2.100M
YoY Change 17.86% -6.67% -27.59%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.800M $1.600M $1.100M
YoY Change 75.0% 45.45% 83.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.500M $6.100M $5.600M
YoY Change 6.56% 15.09% -6.67%
Total Long-Term Liabilities $6.500M $6.100M $5.600M
YoY Change 6.56% 15.09% -6.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.800M $1.600M $1.100M
Total Long-Term Liabilities $6.500M $6.100M $5.600M
Total Liabilities $600.5M $585.8M $574.4M
YoY Change 2.52% 10.93% 8.93%
SHAREHOLDERS EQUITY
Retained Earnings $29.92M $34.73M $39.34M
YoY Change -13.84% -10.8% -0.75%
Common Stock $49.07M $48.64M $48.53M
YoY Change 0.9% 0.94% 0.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $77.73M $78.52M $81.08M
YoY Change
Total Liabilities & Shareholders Equity $678.2M $664.3M $655.5M
YoY Change 2.1% 8.63% 7.1%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $964.0K $787.0K $934.0K
YoY Change 22.49% -208.1% -4.21%
Depreciation, Depletion And Amortization $180.0K $180.0K $149.0K
YoY Change 0.0% 50.0% 25.21%
Cash From Operating Activities $1.700M $2.710M $6.000K
YoY Change -37.27% 165.69% -97.78%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$450.0K $472.0K
YoY Change -97.78% 18.42% -86.28%
Acquisitions
YoY Change
Other Investing Activities $660.0K -$7.350M -$14.99M
YoY Change -108.98% 1784.62% -39.43%
Cash From Investing Activities $650.0K -$7.800M -$15.46M
YoY Change -108.33% 912.99% -45.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -890.0K 4.980M 17.83M
YoY Change -117.87% 403.03% -30.36%
NET CHANGE
Cash From Operating Activities 1.700M 2.710M 6.000K
Cash From Investing Activities 650.0K -7.800M -15.46M
Cash From Financing Activities -890.0K 4.980M 17.83M
Net Change In Cash 1.460M -110.0K 2.376M
YoY Change -1427.27% -108.87% -202.63%
FREE CASH FLOW
Cash From Operating Activities $1.700M $2.710M $6.000K
Capital Expenditures -$10.00K -$450.0K $472.0K
Free Cash Flow $1.710M $3.160M -$466.0K
YoY Change -45.89% 125.71% -85.3%

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PaymentsToAcquireFederalHomeLoanBankStock
424000
us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
1440000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3296000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-23263000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-48756000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
2264000
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4754000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7018000
us-gaap Interest Paid Net
InterestPaidNet
3965000
us-gaap Interest Paid Net
InterestPaidNet
3845000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
513000
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
230000
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
6332000
CY2019Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
127102
CY2019Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
109018
CY2019Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
9622
CY2019Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
19245
CY2019Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
221318
CY2019Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
230940
CY2019Q4 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
358042
CY2019Q2 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
359203
CY2019Q4 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
5095000
CY2019Q2 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
4829000
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
153143
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.63
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
153143
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.63
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y10M24D
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
979000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
130857
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
16.63
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y10M24D
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
836000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
964000
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
787000
CY2019Q4 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
3266353
CY2018Q4 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
3813636
CY2019Q4 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
223723
CY2018Q4 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
242968
CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3042630
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3570668
CY2019Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
57282
CY2018Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
53475
CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3099912
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3624143
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
6024000
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
6248000
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
7848000
CY2019Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
47146000
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
2040000
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
2000000
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
28100000
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
256000
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
9452000
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
149000
CY2019Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
37552000
CY2019Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
16097000
CY2019Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
73000
CY2019Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
31049000
CY2019Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
264000
CY2019Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
144905000
CY2019Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1723000
CY2019Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
337000
CY2019Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
146291000
CY2019Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
496397000
CY2019Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
493753000
CY2019Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
-306000
CY2019Q2 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
-349000
CY2019Q4 iroq Maximum Amount Of One To Four Family Residential Mortgage Loans Can Be Approved By Loan Officer
MaximumAmountOfOneToFourFamilyResidentialMortgageLoansCanBeApprovedByLoanOfficer
100000
CY2019Q4 iroq Maximum Amount Of Other Secured Loans Residential Mortgage Loans Can Be Approved By Loan Officer
MaximumAmountOfOtherSecuredLoansResidentialMortgageLoansCanBeApprovedByLoanOfficer
50000
CY2019Q4 iroq Maximum Amount Of Unsecured Loans Residential Mortgage Loans Can Be Approved By Loan Officer
MaximumAmountOfUnsecuredLoansResidentialMortgageLoansCanBeApprovedByLoanOfficer
10000
CY2019Q4 iroq Maximum Amount Of One To Four Family Residential Mortgage Loans Can Be Approved By Managing Officer
MaximumAmountOfOneToFourFamilyResidentialMortgageLoansCanBeApprovedByManagingOfficer
375000
CY2019Q4 iroq Maximum Amount Of Other Secured Loans Residential Mortgage Loans Can Be Approved By Managing Officer
MaximumAmountOfOtherSecuredLoansResidentialMortgageLoansCanBeApprovedByManagingOfficer
375000
CY2019Q4 iroq Maximum Amount Of Unsecured Loans Residential Mortgage Loans Can Be Approved By Managing Officer
MaximumAmountOfUnsecuredLoansResidentialMortgageLoansCanBeApprovedByManagingOfficer
100000
CY2019Q4 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
CY2019Q4 iroq Maximum Amount Of Unsecured Loans Residential Mortgage Loans Can Be Approved By Loan Committee
MaximumAmountOfUnsecuredLoansResidentialMortgageLoansCanBeApprovedByLoanCommittee
500000
CY2019Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
33000
CY2019Q4 us-gaap Line Of Credit
LineOfCredit
5000000
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
5000000
CY2019Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
4108000
CY2019Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
492289000
CY2019Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
326000
CY2019Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
3290000
CY2019Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
490463000
CY2019Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
226000
CY2019Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
1550000
CY2019Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
1550000
CY2019Q4 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
1577000
CY2019Q4 iroq Impaired Financing Receivable Interest Income Loss Accrual Method
ImpairedFinancingReceivableInterestIncomeLossAccrualMethod
15000
CY2019Q4 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
15000
CY2019Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
1851000
CY2019Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
1851000
CY2019Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
23000
CY2019 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
1922000
CY2019 iroq Impaired Financing Receivable Interest Income Loss Accrual Method
ImpairedFinancingReceivableInterestIncomeLossAccrualMethod
74000
CY2019 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
83000
CY2018Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
2743000
CY2018Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
2743000
CY2018Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
23000
CY2018Q4 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
2763000
CY2018Q4 iroq Impaired Financing Receivable Interest Income Loss Accrual Method
ImpairedFinancingReceivableInterestIncomeLossAccrualMethod
38000
CY2018Q4 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
37000
CY2019Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
270000
CY2019Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
541000
CY2019Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
1457000
CY2019Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
1505000
CY2019Q4 us-gaap Aoci Before Tax Attributable To Parent
AociBeforeTaxAttributableToParent
1325000
CY2019Q2 us-gaap Aoci Before Tax Attributable To Parent
AociBeforeTaxAttributableToParent
790000
CY2019Q4 us-gaap Aoci Tax Attributable To Parent
AociTaxAttributableToParent
378000
CY2019Q2 us-gaap Aoci Tax Attributable To Parent
AociTaxAttributableToParent
225000
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
947000
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
565000
CY2019Q4 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
281000
CY2018Q4 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
224000
CY2019Q4 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
5000
CY2018Q4 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
6000
CY2019Q4 iroq Income Tax Reconciliation Cash Surrender Value Life Insurance
IncomeTaxReconciliationCashSurrenderValueLifeInsurance
14000
CY2018Q4 iroq Income Tax Reconciliation Cash Surrender Value Life Insurance
IncomeTaxReconciliationCashSurrenderValueLifeInsurance
14000
CY2019Q4 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
103000
CY2018Q4 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
72000
CY2019Q4 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
7000
CY2018Q4 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
3000
CY2019Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
372000
CY2018Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
279000
CY2019Q4 iroq Maximum Asset Value Required To Be Maintained Leverage Ratio
MaximumAssetValueRequiredToBeMaintainedLeverageRatio
10000000000
CY2019Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.09
CY2019Q1 iroq Tier One Risk Based Capital To Risk Weighted Assets Conservation Buffer
TierOneRiskBasedCapitalToRiskWeightedAssetsConservationBuffer
0.025
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6222000
CY2019Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6328000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7672000
CY2019Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7345000
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2019Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3263171
CY2019Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3578252
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3263171
CY2019Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3578252
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
11691000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
11226000
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
1830000
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
1653000
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
53000
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
63000
iroq Federal Home Loan Bank Dividends
FederalHomeLoanBankDividends
36000
iroq Federal Home Loan Bank Dividends
FederalHomeLoanBankDividends
69000
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
187000
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
66000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
13797000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
13077000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
4502000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
3277000
iroq Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvances
368000
iroq Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvances
847000
us-gaap Interest Expense
InterestExpense
4870000
us-gaap Interest Expense
InterestExpense
4124000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8927000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8953000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
9011000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
8578000
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
354000
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
337000
us-gaap Brokerage Commissions Revenue
BrokerageCommissionsRevenue
469000
us-gaap Brokerage Commissions Revenue
BrokerageCommissionsRevenue
523000
us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
161000
us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
152000
us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
284000
us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
179000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-2000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
98000
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
139000
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
135000
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
542000
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
536000
us-gaap Noninterest Income
NoninterestIncome
2296000
us-gaap Noninterest Income
NoninterestIncome
2321000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
5371000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
5214000
us-gaap Occupancy Net
OccupancyNet
497000
us-gaap Occupancy Net
OccupancyNet
440000
us-gaap Equipment Expense
EquipmentExpense
773000
us-gaap Equipment Expense
EquipmentExpense
671000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
28000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
86000
us-gaap Noninterest Expense Printing And Fulfillment
NoninterestExpensePrintingAndFulfillment
56000
us-gaap Noninterest Expense Printing And Fulfillment
NoninterestExpensePrintingAndFulfillment
63000
us-gaap Advertising Expense
AdvertisingExpense
218000
us-gaap Advertising Expense
AdvertisingExpense
255000
us-gaap Professional Fees
ProfessionalFees
271000
us-gaap Professional Fees
ProfessionalFees
214000
iroq Supervisory Examinations
SupervisoryExaminations
85000
iroq Supervisory Examinations
SupervisoryExaminations
88000
iroq Audit And Accounting Services
AuditAndAccountingServices
87000
iroq Audit And Accounting Services
AuditAndAccountingServices
85000
iroq Organizational Dues And Subscriptions
OrganizationalDuesAndSubscriptions
38000
iroq Organizational Dues And Subscriptions
OrganizationalDuesAndSubscriptions
34000
iroq Insurance Bond Premiums
InsuranceBondPremiums
78000
iroq Insurance Bond Premiums
InsuranceBondPremiums
78000
iroq Telephone And Postage
TelephoneAndPostage
98000
iroq Telephone And Postage
TelephoneAndPostage
133000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
849000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
1193000
us-gaap Noninterest Expense
NoninterestExpense
8456000
us-gaap Noninterest Expense
NoninterestExpense
8554000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2851000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2345000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.65
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5430000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
30000
CY2019Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
233000
CY2018Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5430000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
82461000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
382000
us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
487000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
111000
CY2019Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
10900
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
7016000
iroq Esop Shares Earned
EsopSharesEarned
213000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
81675000
us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
453000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
113000
us-gaap Stock Repurchased During Period Value
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dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
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2019-12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Trading Symbol
TradingSymbol
IROQ
dei Entity Registrant Name
EntityRegistrantName
IF Bancorp, Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0001514743
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
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Non-accelerated Filer
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-6000
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-492000
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1889000
CY2019Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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-2000
us-gaap Earnings Per Share Basic
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0.48
CY2018Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0
CY2020Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
3260171
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Shell Company
EntityShellCompany
false
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
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dei Security12b Title
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Common Stock
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Address State Or Province
EntityAddressStateOrProvince
IL
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us-gaap Earnings Per Share Diluted
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0
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CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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us-gaap Stock Issued During Period Shares Stock Options Exercised
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