2021 Q3 Form 10-K Financial Statement

#000119312521273623 Filed on September 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2021
Revenue $6.251M $24.36M
YoY Change -0.22% -9.73%
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 $170.0K $170.0K $679.0K
YoY Change 0.59% 0.0% 1.19%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $679.0K $4.178M
YoY Change -50.69% -51.94%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.550M $1.340M $7.381M
YoY Change 38.36% -29.84% 25.44%
Income Tax $660.0K $350.0K $2.034M
% Of Pretax Income 25.88% 26.12% 27.56%
Net Earnings $1.890M $990.0K $5.347M
YoY Change 42.0% -27.74% 25.96%
Net Earnings / Revenue 30.24% 21.95%
Basic Earnings Per Share $0.62 $1.76
Diluted Earnings Per Share $607.7K $318.3K $1.74
COMMON SHARES
Basic Shares Outstanding 3.240M 3.240M 3.038M
Diluted Shares Outstanding 3.115M 3.079M

Balance Sheet

Concept 2021 Q3 2021 Q2 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $28.91M $62.74M
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 $9.700M $9.793M $9.800M
YoY Change -3.78% -3.92% -3.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.900M $1.700M $1.700M
YoY Change 171.43% 183.33% 183.33%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $767.1M $797.3M $797.3M
YoY Change 5.66% 8.41% 8.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.000M $1.100M $1.100M
YoY Change -16.67% 0.0% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $6.700M $6.200M $6.200M
YoY Change 52.27% 67.57% 67.57%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.000M $1.100M $1.100M
YoY Change -16.67% 0.0% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $3.000M $3.000M $3.000M
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities $8.000M $9.000M $9.000M
YoY Change -1.23% 0.0% 0.0%
Total Long-Term Liabilities $11.00M $12.00M $12.00M
YoY Change -0.9% 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.000M $1.100M $1.100M
Total Long-Term Liabilities $11.00M $12.00M $12.00M
Total Liabilities $681.0M $712.0M $712.0M
YoY Change 6.0% 9.05% 9.04%
SHAREHOLDERS EQUITY
Retained Earnings $35.65M
YoY Change 14.22%
Common Stock $49.65M
YoY Change 0.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $86.00M $85.30M $85.30M
YoY Change
Total Liabilities & Shareholders Equity $767.1M $797.3M $797.3M
YoY Change 5.66% 8.41% 8.4%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2021
OPERATING ACTIVITIES
Net Income $1.890M $990.0K $5.347M
YoY Change 42.0% -27.74% 25.96%
Depreciation, Depletion And Amortization $170.0K $170.0K $679.0K
YoY Change 0.59% 0.0% 1.19%
Cash From Operating Activities $190.0K $2.170M $6.867M
YoY Change -84.14% 1.88% -0.42%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K -$30.00K $279.0K
YoY Change -170.18% -25.0% 76.58%
Acquisitions
YoY Change
Other Investing Activities -$3.970M -$22.63M -$35.76M
YoY Change -57.68% 1.98% 4.71%
Cash From Investing Activities -$4.010M -$22.66M -$36.04M
YoY Change -57.49% 1.93% 5.06%
FINANCING ACTIVITIES
Cash Dividend Paid $909.0K
YoY Change -3.19%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -30.00M 49.97M 58.44M
YoY Change 214.56% 7.0% 4487.05%
NET CHANGE
Cash From Operating Activities 190.0K 2.170M 6.867M
Cash From Investing Activities -4.010M -22.66M -36.04M
Cash From Financing Activities -30.00M 49.97M 58.44M
Net Change In Cash -33.82M 29.48M 29.27M
YoY Change 90.31% 10.83% -212.0%
FREE CASH FLOW
Cash From Operating Activities $190.0K $2.170M $6.867M
Capital Expenditures -$40.00K -$30.00K $279.0K
Free Cash Flow $230.0K $2.200M $6.588M
YoY Change -79.84% 1.38% -2.23%

Facts In Submission

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100000
CY2020Q2 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
CY2020Q2 iroq Maximum Amount Of Unsecured Loans Residential Mortgage Loans Can Be Approved By Loan Committee
MaximumAmountOfUnsecuredLoansResidentialMortgageLoansCanBeApprovedByLoanCommittee
500000
CY2021 iroq Term Period On Residential Mortgage Loan
TermPeriodOnResidentialMortgageLoan
P15Y
CY2021 us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
-844000
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
513000
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
34000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
0
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
6599000
CY2021Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
1298000
CY2021Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
519228000
CY2019Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6328000
CY2020 us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
-128000
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
268000
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
46000
CY2021Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
520526000
CY2020Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
515887000
CY2021Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
680000
CY2021Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
519846000
CY2021Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
118000
CY2020Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
2226000
CY2020Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
513661000
CY2020Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
304000
CY2021Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
1298000
CY2021Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
1298000
CY2021Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
0
CY2021 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
1536000
CY2021 iroq Impaired Financing Receivable Interest Income Loss Accrual Method
ImpairedFinancingReceivableInterestIncomeLossAccrualMethod
86000
CY2021 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
73000
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.63
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y4M24D
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
945000
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
153143
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
16.63
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y4M24D
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
945000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
5347000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
4245000
CY2021 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
3240376
CY2020 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
3324657
CY2021 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
202073
CY2020 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
221318
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3038303
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3103339
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
40564
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
44693
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
153143
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.63
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
153143
CY2020Q2 us-gaap Escrow Deposit
EscrowDeposit
672000
CY2021Q2 us-gaap Escrow Deposit
EscrowDeposit
747000
CY2020 iroq Unpaid Principal Balances Of Mortgage Loans Serviced For Others
UnpaidPrincipalBalancesOfMortgageLoansServicedForOthers
116696000
CY2021 iroq Unpaid Principal Balances Of Mortgage Loans Serviced For Others
UnpaidPrincipalBalancesOfMortgageLoansServicedForOthers
138119000
CY2020Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
4895000
CY2021Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
5102000
CY2020Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
11338000
CY2021Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
11358000
CY2020Q2 us-gaap Land
Land
1976000
CY2021Q2 us-gaap Land
Land
2028000
CY2020Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
1330000
CY2021Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
1264000
CY2020Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
405000
CY2021Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
34000
CY2020 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
87000
CY2020 iroq Impaired Financing Receivable Interest Income Loss Accrual Method
ImpairedFinancingReceivableInterestIncomeLossAccrualMethod
84000
CY2020 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
1800000
CY2020Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
0
CY2020Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
1660000
CY2020Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
1660000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1639000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2034000
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
35000
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
39000
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
441000
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
540000
CY2020 iroq Income Tax Reconciliation Cash Surrender Value Life Insurance
IncomeTaxReconciliationCashSurrenderValueLifeInsurance
57000
CY2021 iroq Income Tax Reconciliation Cash Surrender Value Life Insurance
IncomeTaxReconciliationCashSurrenderValueLifeInsurance
87000
CY2020 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
16000
CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
8000
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1236000
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1550000
CY2020 iroq Securities Sold Under Repurchase Agreements Average Balance
SecuritiesSoldUnderRepurchaseAgreementsAverageBalance
3398000
CY2021 iroq Securities Sold Under Repurchase Agreements Average Balance
SecuritiesSoldUnderRepurchaseAgreementsAverageBalance
5421000
CY2020 iroq Securities Sold Under Repurchase Agreements Maximum Balance
SecuritiesSoldUnderRepurchaseAgreementsMaximumBalance
3939000
CY2021 iroq Securities Sold Under Repurchase Agreements Maximum Balance
SecuritiesSoldUnderRepurchaseAgreementsMaximumBalance
7142000
CY2021Q2 iroq Mortgage Loans Secured For Federal Home Loan Banks Advances
MortgageLoansSecuredForFederalHomeLoanBanksAdvances
286596000000
CY2021Q2 us-gaap Time Deposits
TimeDeposits
261968000
CY2021Q2 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
6620000
CY2021Q2 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
42516000
CY2021Q2 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
205243000
CY2020 iroq Interest Expense Deposit Type Brokered Certificates Of Deposit
InterestExpenseDepositTypeBrokeredCertificatesOfDeposit
543000
CY2021 iroq Interest Expense Deposit Type Brokered Certificates Of Deposit
InterestExpenseDepositTypeBrokeredCertificatesOfDeposit
71000
CY2020 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
5962000
CY2021 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
2880000
CY2020 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
1405000
CY2021 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
742000
CY2020Q2 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
276821000
CY2021Q2 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
333266000
CY2020 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-294000
CY2021 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
164000
CY2020 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-99000
CY2021 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-299000
CY2020 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
255000
CY2021 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
433000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3078867
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3148032
CY2021Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
1013000
CY2020Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
715000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
62735000
CY2021Q2 iroq Interest Bearing Time Deposits In Banks
InterestBearingTimeDepositsInBanks
2250000
CY2021Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
513371000
CY2021Q2 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
4198000
CY2021Q2 us-gaap Interest Receivable
InterestReceivable
1897000
CY2021Q2 us-gaap Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
6245000
CY2021Q2 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
3000000
CY2021Q2 us-gaap Advance Payments By Borrowers For Taxes And Insurance
AdvancePaymentsByBorrowersForTaxesAndInsurance
928000
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33467000
CY2020Q2 iroq Interest Bearing Time Deposits In Banks
InterestBearingTimeDepositsInBanks
3000000
CY2020Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
509817000
CY2020Q2 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
3028000
CY2020Q2 us-gaap Interest Receivable
InterestReceivable
1908000
CY2020Q2 us-gaap Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
3738000
CY2020Q2 us-gaap Advance Payments By Borrowers For Taxes And Insurance
AdvancePaymentsByBorrowersForTaxesAndInsurance
519000
CY2021Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6599000
CY2020Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6234000
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8695000
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8016000
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2021Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3240376
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2020Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3240376
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3240376
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3240376
CY2021 us-gaap Profit Loss
ProfitLoss
5347000
CY2020 us-gaap Profit Loss
ProfitLoss
4245000
CY2021 us-gaap Depreciation
Depreciation
679000
CY2020 us-gaap Depreciation
Depreciation
671000
CY2021 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
844000
CY2020 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
128000
CY2021 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-855000
CY2020 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-304000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-162000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-15000
CY2021 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
1573000
CY2020 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
801000
CY2021 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
320000
CY2020 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
267000
CY2021 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-30000
CY2020 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-27000
CY2021 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
411000
CY2020 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
273000
CY2021 us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
57465000
CY2020 us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
40615000
CY2021 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
58660000
CY2020 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
41318000
CY2021 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
379000
CY2020 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
395000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
193000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
223000
CY2021 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-11000
CY2020 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-234000
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
264000
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
219000
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-338000
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
76000
CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
92000
CY2020 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
1621000
CY2021 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
-907000
CY2021 iroq Esop Shares Earned Shares
ESOPSharesEarnedShares
19245
CY2020 iroq Esop Shares Earned Shares
ESOPSharesEarnedShares
19245
CY2020 iroq Stock Repurchased During Period Average Cost Per Share
StockRepurchasedDuringPeriodAverageCostPerShare
22.08
CY2020 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
337876
CY2020 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-264000
CY2021 us-gaap Increase Decrease In Postretirement Obligations
IncreaseDecreaseInPostretirementObligations
87000
CY2020 us-gaap Increase Decrease In Postretirement Obligations
IncreaseDecreaseInPostretirementObligations
57000
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
315000
CY2020 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1748000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6867000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6896000
CY2021 iroq Net Change In Interest Bearing Time Deposits
NetChangeInInterestBearingTimeDeposits
750000
CY2020 iroq Net Change In Interest Bearing Time Deposits
NetChangeInInterestBearingTimeDeposits
0
CY2021 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
79590000
CY2020 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
52052000
CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
12891000
CY2020 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
15712000
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
35164000
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
25619000
CY2021 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
4639000
CY2020 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
22165000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
279000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
158000
CY2021 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
418000
CY2020 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
595000
CY2021 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
1170000
CY2020 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
1854000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36038000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-34303000
CY2021 iroq Net Increase Decrease In Demand Deposits Money Market Now And Savings Accounts
NetIncreaseDecreaseInDemandDepositsMoneyMarketNowAndSavingsAccounts
85455000
CY2020 iroq Net Increase Decrease In Demand Deposits Money Market Now And Savings Accounts
NetIncreaseDecreaseInDemandDepositsMoneyMarketNowAndSavingsAccounts
43471000
CY2021 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
-19523000
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CY2020Q2 us-gaap Commitments And Contingencies
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CY2021Q2 iroq Maximum Asset Value Required To Be Maintained Leverage Ratio
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CY2021Q2 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2021 iroq Benefit Costs
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CY2021 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation1
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CY2023Q2 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
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CY2021Q2 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
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CY2021 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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CY2021Q2 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
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CY2021Q2 iroq Commitments Outstanding Amount
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CY2020Q2 iroq Commitments Outstanding Amount
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CY2021 us-gaap Loans And Leases Receivable Commitments Fixed Rates
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CY2020Q2 iroq Weighted Average Interest Rates For Fixedrate Loan Commitments
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CY2021 dei Document Type
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CY2021 dei Document Period End Date
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CY2021 dei Amendment Flag
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CY2021 dei Document Fiscal Period Focus
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CY2021 dei Entity Central Index Key
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CY2021 dei Current Fiscal Year End Date
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CY2021 dei Entity Well Known Seasoned Issuer
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CY2021 dei Entity Voluntary Filers
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No
CY2021 dei Entity Current Reporting Status
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CY2021 dei Entity Interactive Data Current
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CY2021 dei Entity Small Business
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true
CY2021 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
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CY2021 dei Security12b Title
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Common Stock
CY2021 dei Security Exchange Name
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NASDAQ
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CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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CY2021 us-gaap Proceeds From Other Debt
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CY2020 us-gaap Proceeds From Other Debt
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CY2021 us-gaap Repayments Of Other Debt
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CY2020 us-gaap Repayments Of Other Debt
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CY2021 us-gaap Proceeds From Life Insurance Policies
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CY2020 us-gaap Proceeds From Life Insurance Policies
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CY2021 us-gaap Use Of Estimates
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<div style="font-family: &quot;times new roman&quot;; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: 0px;"><div style="font-family: &quot;times new roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Use of Estimates </div></div></div></div><div style="font-family: &quot;times new roman&quot;; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt; margin-left: 4%; text-indent: 0px;"><div style="font-family: &quot;times new roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. </div></div><div style="font-family: &quot;times new roman&quot;; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt; margin-left: 4%; text-indent: 0px;"><div style="font-family: &quot;times new roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, fair value measurements of investment securities, loan servicing rights and income taxes. </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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