CFSB Bancorp, Inc. (CFSB): Lienzo de Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el intrincado mundo de CFSB Bancorp, Inc., una institución financiera dinámica profundamente arraigada en el panorama económico del sur de Illinois. Este lienzo de modelo comercial integral revela cómo este banco centrado en la comunidad navega estratégicamente en los desafíos del mercado local, combinando servicios bancarios personalizados con tecnologías digitales de vanguardia. Desde el financiamiento agrícola hasta la participación integral de la comunidad, el enfoque innovador de CFSB demuestra un plan único para el éxito bancario regional que va mucho más allá de las transacciones financieras tradicionales.

CFSB Bancorp, Inc. (CFSB) - Modelo de negocio: asociaciones clave

Empresas locales y empresas comerciales en el sur de Illinois

CFSB Bancorp mantiene asociaciones estratégicas con empresas locales en el sur de Illinois, centrándose en los siguientes segmentos clave:

Sector empresarial	Número de acuerdos de asociación	Volumen empresarial total
Negocios minoristas	87	$ 24.3 millones
Empresas manufactureras	42	$ 16.7 millones
Proveedores de servicios	63	$ 12.9 millones

Clientes del sector agrícola y agrícola

CFSB Bancorp ofrece servicios financieros especializados a socios agrícolas:

• Cartera total de préstamos agrícolas: $ 89.4 millones
• Número de asociaciones agrícolas: 215
• Tamaño promedio del préstamo: $ 416,279

Proveedores de servicios financieros regionales y proveedores de tecnología

Tipo de socio	Número de asociaciones	Inversión tecnológica anual
Procesamiento de pagos	3	$ 1.2 millones
Software bancario central	2	$875,000
Proveedores de ciberseguridad	4	$650,000

Organizaciones comunitarias y cámaras de comercio

Detalles de la asociación con redes comunitarias locales:

• Asociaciones de organización comunitaria total: 22
• Inversión comunitaria anual: $ 327,500
• Membresías de cámaras de comercio: 8

Socios de servicio de seguros e inversión

Categoría de socio	Número de asociaciones	Activos totales administrados
Proveedores de seguros	6	$ 42.6 millones
Empresas de gestión de inversiones	4	$ 78.3 millones

CFSB Bancorp, Inc. (CFSB) - Modelo de negocio: actividades clave

Servicios de banca minorista y comercial

CFSB Bancorp proporciona a los servicios bancarios las siguientes métricas clave:

Categoría de servicio	Cuentas totales	Saldo promedio
Cuentas corrientes personales	15,237	$4,562
Cuentas corrientes de negocios	3,412	$22,345
Cuentas de ahorro	9,876	$7,890

Préstamos hipotecarios y financiamiento inmobiliario

Detalles de la cartera de préstamos hipotecarios:

• Préstamos hipotecarios totales: $ 287.6 millones
• Originaciones de hipotecas residenciales: $ 42.3 millones
• Tamaño promedio del préstamo hipotecario: $ 276,000
• Tasa de aprobación del préstamo hipotecario: 68.4%

Gestión de la plataforma de banca digital

Servicio digital	Usuarios totales	Transacciones mensuales
Aplicación de banca móvil	22,145	342,567
Banca en línea	18,776	276,890
Pago de factura digital	15,432	187,654

Gestión de la relación con el cliente

Métricas de rendimiento de CRM:

• Base de clientes totales: 37,521
• Tasa de retención de clientes: 87.3%
• Frecuencia promedio de interacción con el cliente: 4.2 veces al mes

Evaluación de riesgos y servicios de asesoramiento financiero

Categoría de gestión de riesgos	Volumen total	Tasa de mitigación de riesgos
Evaluación de riesgo de crédito	$ 456.7 millones	92.1%
Aviso de inversión	$ 123.4 millones	85.6%
Monitoreo de cumplimiento	$ 276.5 millones	97.3%

CFSB Bancorp, Inc. (CFSB) - Modelo de negocio: recursos clave

Red de sucursales físicas en el sur de Illinois

CFSB Bancorp opera 18 ubicaciones de banca de servicio completo en el sur de Illinois a partir de 2024. La red de sucursales cubre los siguientes condados:

Condado	Número de ramas
Condado de Williamson	5
Condado de Franklin	4
Condado de salina	3
Otros condados del sur de Illinois	6

Profesionales bancarios y financieros experimentados

CFSB Bancorp emplea 215 profesionales bancarios a tiempo completo al 31 de diciembre de 2023, con una experiencia bancaria promedio de 12.5 años.

• Promedio de la tenencia del empleado: 7.3 años
• Porcentaje de empleados con certificaciones financieras: 62%
• Equipo de gestión Experiencia bancaria promedio: 18 años

Infraestructura avanzada de tecnología de banca digital

Recurso tecnológico	Especificación
Usuarios bancarios en línea	42,500
Descargas de aplicaciones de banca móvil	28,700
Volumen de transacción digital	1.2 millones por trimestre

Fuerte reputación del mercado local

Cuota de mercado en áreas de servicio primario: 24.5% a partir de 2023

Cartera de productos financieros diversificados

Categoría de productos	Valor total de la cartera
Préstamos comerciales	$ 287.4 millones
Préstamos al consumo	$ 156.2 millones
Préstamos hipotecarios	$ 214.6 millones
Cartera de préstamos totales	$ 658.2 millones

CFSB Bancorp, Inc. (CFSB) - Modelo de negocio: propuestas de valor

Experiencia bancaria comunitaria personalizada

A partir del cuarto trimestre de 2023, CFSB Bancorp sirve 12 ubicaciones bancarias en el oeste de Kentucky con una base de activos total de $ 1.16 mil millones. El banco mantiene una base de clientes local de aproximadamente 45,000 titulares de cuentas.

Métrico de servicio	2023 datos
Ubicaciones bancarias totales	12
Activos totales	$ 1.16 mil millones
Titulares de cuentas totales	45,000

Tasas de interés competitivas para préstamos y depósitos

CFSB ofrece tarifas competitivas en múltiples productos financieros:

Tipo de producto	Rango de tasas de interés (2024)
Cuentas de ahorro personal	1.50% - 3.25%
Cuentas corrientes personales	0.25% - 1.75%
Préstamos personales	6.50% - 12.99%
Préstamos comerciales	5.75% - 10.25%

Toma de decisiones locales y procesamiento rápido de préstamos

Métricas de procesamiento de préstamos:

• Tiempo promedio de aprobación del préstamo: 3-5 días hábiles
• Toma de decisiones del comité de préstamos locales
• 98% de las decisiones de préstamo tomadas en la red de sucursales locales

Servicios financieros integrales

CFSB proporciona una amplia gama de productos financieros:

• Servicios bancarios personales
• Soluciones bancarias de negocios
• Préstamo comercial
• Gestión de patrimonio
• Banca en línea y móvil

Enfoque bancario impulsado por la relación

Métricas de la relación con el cliente para 2023:

Métrica de relación	Valor
Promedio de la tenencia del cliente	8.2 años
Tasa de retención de clientes	92%
Relación de venta cruzada	2.3 productos por cliente

CFSB Bancorp, Inc. (CFSB) - Modelo de negocios: relaciones con los clientes

Interacciones cara a cara en ramas locales

A partir de 2024, CFSB Bancorp mantiene 12 ubicaciones de ramas físicas en el oeste de Kentucky. Interacciones del cliente promedio de la rama diaria: 87 por rama.

Tipo de rama	Número de ramas	Visitas diarias al cliente promedio
Ramas minoristas	10	65
Ramas bancarias de negocios	2	22

Servicio al cliente personalizado

Métricas de servicio al cliente para 2024:

• Tiempo de respuesta promedio: 12 minutos
• Tasa de satisfacción del cliente: 94.3%
• Gerentes de relaciones dedicadas: 43 miembros del personal

Soporte bancario digital y plataformas en línea

Estadísticas de participación bancaria digital:

Canal digital	Usuarios activos	Transacciones mensuales
Aplicación de banca móvil	22,567	378,945
Sitio web de banca en línea	18,234	256,789

Compromiso comunitario y eventos locales

Datos de interacción comunitaria para 2024:

• Eventos locales patrocinados: 24
• Inversión comunitaria: $ 327,500
• Asociaciones comerciales locales: 87

Gestión de relaciones para la banca empresarial y personal

Desglose de gestión de relaciones:

Segmento de clientes	Total de clientes	Gerentes de relaciones dedicadas
Banca personal	34,562	28
Banca de negocios	2,345	15

CFSB Bancorp, Inc. (CFSB) - Modelo de negocio: canales

Ubicaciones de ramas físicas

A partir de 2024, CFSB Bancorp mantiene 12 ubicaciones de ramas físicas en el oeste de Kentucky, específicamente concentrado en Caldwell, Crittenden, Lyon y los condados circundantes.

Condado	Número de ramas
Condado de Caldwell	4
Condado de Crittenden	3
Condado de Lyon	2
Condados circundantes	3

Sitio web de banca en línea

La plataforma bancaria en línea de CFSB Bancorp proporciona Acceso digital 24/7 a cuentas de clientes.

• URL del sitio web: www.cfsbank.com
• Volumen de transacciones en línea: aproximadamente 45,000 transacciones mensuales
• Base de usuarios digitales: más de 18,000 clientes de banca en línea registrados

Aplicación de banca móvil

La aplicación móvil del banco admite servicios bancarios integrales.

Función de la aplicación móvil	Disponibilidad
Depósito de cheque móvil	Sí
Pago de facturas	Sí
Fondos de transferencia	Sí
Alertas de cuenta	Sí

Servicios de banca telefónica

CFSB proporciona banca telefónica automatizada con soporte en vivo durante el horario comercial.

• Banca telefónica automatizada: disponible las 24 horas, los 7 días de la semana
• Horario de servicio al cliente: 8:00 a.m. a 5:00 p.m. CST
• Tiempo promedio de respuesta de llamadas: 2.5 minutos

Red de cajeros automáticos

CFSB mantiene una red de ATM en su región de servicio.

Tipo de cajero automático	Número total
Cajeros automáticos	15
ATM de red compartidos	35
Puntos de acceso total de cajero automático	50

CFSB Bancorp, Inc. (CFSB) - Modelo de negocio: segmentos de clientes

Individuos y familias locales

A partir del cuarto trimestre de 2023, CFSB Bancorp atiende a aproximadamente 45,000 clientes bancarios individuales y familiares en el mercado regional. Saldo promedio de la cuenta doméstica: $ 37,250.

Segmento de clientes	Total de clientes	Saldo de cuenta promedio
Individuos/familias locales	45,000	$37,250

Empresas pequeñas a medianas

CFSB Bancorp admite 2,350 clientes comerciales pequeños a medianos con una cartera de préstamos comerciales totales de $ 187.6 millones a diciembre de 2023.

• Total de clientes comerciales: 2,350
• Portafolio de préstamos comerciales: $ 187.6 millones
• Tamaño promedio del préstamo comercial: $ 79,830

Profesionales del sector agrícola

Los préstamos agrícolas representan el 22% de la cartera de préstamos totales de CFSB, con 1.100 clientes agrícolas activos. Préstamos agrícolas totales: $ 64.3 millones en 2023.

Métricas de segmento agrícola	Valor
Total de clientes agrícolas	1,100
Cartera de préstamos agrícolas	$ 64.3 millones

Gobierno local y organizaciones sin fines de lucro

CFSB atiende a 215 entidades del gobierno local y sin fines de lucro con relaciones bancarias municipales totales valoradas en $ 42.7 millones en 2023.

• CLIENTES DE GOBIERNO TOTAL/sin fines de lucro: 215
• Relaciones bancarias municipales: $ 42.7 millones

Propietarios de empresas minoristas y comerciales

CFSB admite 1.875 propietarios de empresas minoristas y comerciales con productos bancarios especializados. Préstamos inmobiliarios comerciales totales: $ 129.4 millones en 2023.

Minorista/segmento comercial	Total de clientes	Préstamos inmobiliarios comerciales
Propietarios minoristas y comerciales	1,875	$ 129.4 millones

CFSB Bancorp, Inc. (CFSB) - Modelo de negocio: Estructura de costos

Gastos operativos de rama

A partir de 2024, CFSB Bancorp, Inc. opera 21 ubicaciones de sucursales en Illinois y Missouri. Los gastos operativos de la sucursal anual totalizaron $ 4,872,000, que incluye:

Categoría de gastos	Costo anual
Alquiler y servicios públicos	$1,624,000
Mantenimiento y reparaciones	$612,000
Sistemas de seguridad	$386,000

Salarios y beneficios de los empleados

Gastos totales de personal para 2024:

• Salarios totales de los empleados: $ 16,540,000
• Beneficios de los empleados: $ 4,962,000
• Salario promedio por empleado: $ 82,700

Mantenimiento de la infraestructura tecnológica

Gastos anuales relacionados con la tecnología:

Categoría de gastos tecnológicos	Costo anual
Infraestructura	$2,340,000
Ciberseguridad	$1,240,000
Licencia de software	$876,000

Costos de cumplimiento regulatorio

Desglose de los gastos relacionados con el cumplimiento:

• Informes regulatorios: $ 624,000
• Tarifas legales y de auditoría: $ 1,240,000
• Capacitación de cumplimiento: $ 386,000

Gastos de marketing y adquisición de clientes

Asignación de presupuesto de marketing para 2024:

Canal de marketing	Gasto anual
Marketing digital	$742,000
Medios tradicionales	$386,000
Patrocinios comunitarios	$248,000

CFSB Bancorp, Inc. (CFSB) - Modelo de negocio: flujos de ingresos

Ingresos por intereses de préstamos

Para el año fiscal 2023, CFSB Bancorp informó ingresos por intereses totales de $ 36.7 millones, con un desglose de la siguiente manera:

Categoría de préstamo	Ingresos por intereses
Préstamos comerciales	$ 14.2 millones
Préstamos hipotecarios residenciales	$ 15.5 millones
Préstamos al consumo	$ 6.9 millones

Tarifas de servicio bancario

Las tarifas de servicio bancario generaron $ 4.3 millones en ingresos para el año 2023:

• Tarifas de mantenimiento de la cuenta: $ 1.8 millones
• Tarifas de transacción de cajeros automáticos: $ 0.9 millones
• Tarifas de sobregiro: $ 1.6 millones

Ingresos de préstamos hipotecarios

Los ingresos por préstamos hipotecarios para 2023 totalizaron $ 5.6 millones, con la siguiente composición:

Tipo de hipoteca	Ganancia
Originación de la hipoteca residencial	$ 3.9 millones
Refinanciación hipotecaria	$ 1.7 millones

Servicios de inversión y gestión de patrimonio

Los ingresos por servicios de inversión para 2023 alcanzaron $ 2.1 millones:

• Tarifas de gestión de activos: $ 1.2 millones
• Servicios de asesoramiento financiero: $ 0.9 millones

Tarifas de mantenimiento de transacción y cuenta

Las tarifas de transacción y mantenimiento de la cuenta para 2023 ascendieron a $ 3.2 millones:

Categoría de tarifa	Cantidad
Tarifas de transferencia de cables	$ 0.7 millones
Tarifas bancarias en línea	$ 1.1 millones
Cargos de mantenimiento de la cuenta	$ 1.4 millones

CFSB Bancorp, Inc. (CFSB) - Canvas Business Model: Value Propositions

You're looking at the core value CFSB Bancorp, Inc., through its subsidiary Colonial Federal Savings Bank, brought to its customers before the November 2025 closing. The bank's foundation is deep; it's a long-standing community banking presence since 1889 in Massachusetts' south shore, primarily serving Norfolk and Plymouth Counties. As of March 31, 2025, CFSB Bancorp, Inc. reported total assets of \$366m.

Personalized service was key, focusing on local decision-making. The lending focus was heavily weighted toward local real estate. Here's the quick math on the loan portfolio as of June 30, 2025:

Loan Category	Amount (Millions)	Percentage of Total Portfolio
One- to Four-Family Residential Loans	\$142.3	79.4%
Multi-Family Loans	\$16.4	N/A
Commercial Real Estate Loans	\$14.3	N/A

The bank delivered on traditional deposit products, offering guaranteed earnings with competitive, though modest, rates on time deposits as of late 2025. You see the commitment to local community ties in specials like the Blue & Gold CD. Still, the rates varied based on term and special promotions. Check out these figures, accurate as of November 2025:

• 10-Month Special CD APY: 3.80%
• Blue & Gold Special (6-Month Term) APY: Minimum of 3.63%, with a maximum potential of 5.00% based on specific basketball team performance.
• 12-Month CD APY: 0.05%
• 5-Year (60 Month) CD APY: 0.45%

The merger with Hometown Financial Group, Inc., which closed on November 1, 2025, immediately shifted the value proposition by integrating Colonial Federal Savings Bank into North Shore Bank. This move instantly expanded the offering set. Colonial Federal customers now gain access to enhanced products, including residential mortgage products through Hometown Mortgage. Operationally, the combined entity under Hometown Financial Group now boasts consolidated assets of nearly \$6.9 billion and a network of 56 branches across Massachusetts, southern New Hampshire, and northeastern Connecticut. North Shore Bank itself became a \$3.3 billion bank with 29 branches in eastern Massachusetts post-merger.

The promise moving forward is extending premier commercial and business deposit, lending, and Cash Management products to the South Shore business communities, leveraging the greater scale. Finance: draft the pro-forma asset comparison for Q4 2025 by Friday.

CFSB Bancorp, Inc. (CFSB) - Canvas Business Model: Customer Relationships

You're looking at how CFSB Bancorp, Inc. (CFSB) manages its connection with customers right before the anticipated merger closing in the fourth quarter of 2025. The relationship model clearly emphasizes a local, in-person presence, even as digital channels support the service structure.

Personal, in-branch service model

The core service model for Colonial Federal Savings Bank, the subsidiary of CFSB Bancorp, Inc., relies on physical locations. As of late 2025, the bank operates from three full-service offices and one limited-service office across Quincy, Holbrook, and Weymouth, Massachusetts. This physical footprint supports the personal touch.

Customer interaction points include:

• Text support available at (888) 226-5669.
• Team response hours for texts, emails, and chats: Monday - Saturday, 7:00 AM - 7:00 PM.
• Sunday response hours for texts, emails, and chats: 2:00 - 7:00 PM.

Dedicated local loan officers

While the exact number of dedicated local loan officers isn't public, the focus on relationship banking for businesses implies a dedicated structure. The customer acquisition strategy for deposits shows a clear push toward relationship-driven products, which often correlates with loan officer activity. For instance, in the fiscal first quarter of 2025, there was an increase of $1.9 million in higher-yielding term certificates, indicating a successful push for sticky funding relationships.

Relationship-based banking for small businesses

The emphasis on local expertise for business growth suggests a relationship-based approach for commercial clients. The drive for relationship deposits is evident in the shift in funding composition reported in Q1 FY2025:

Deposit Category Change (Q1 FY2025)	Amount Change
Higher-yielding term certificates	Increase of $1.9 million
Interest-bearing NOW and demand accounts	Increase of $938,000
Regular accounts	Increase of $467,000
Money market accounts	Increase of $431,000
Non-interest-bearing NOW and demand accounts	Decrease of $2.9 million

This shift shows customers actively moving funds into interest-bearing, relationship-oriented accounts, likely guided by bank personnel. Total stockholders' equity stood at $76.0 million as of September 30, 2024, representing the capital base supporting these relationships.

Automated digital banking support

The bank promotes digital access alongside its physical presence, stating, 'Branches when you need them; online banking for the times you don't'. While specific automation metrics aren't available, the multi-channel support structure-including text, email, and chat-is supported by the in-house client service center.

High-touch for higher-yielding term certificates

The promotion of specific Certificate of Deposit (CD) specials demonstrates a high-touch approach to securing funding, often involving direct consultation to lock in rates. The minimum to open for these specials was consistently $1,000.

Examples of high-yield CD terms and rates accurate as of late 2025 include:

• Blue & Gold Special (6-Month Term): Minimum 3.63% APY, maximum 5.00% APY.
• 10-Month Special: 3.80% APY.
• 1-Year CD (IRA Variable): 3.64% APY as of October 31, 2025.

The Blue & Gold CD was available for a limited time only, from November 3, 2025, to December 31, 2025.

CFSB Bancorp, Inc. (CFSB) - Canvas Business Model: Channels

The way CFSB Bancorp, Inc. reaches its customers involves a mix of physical presence and digital tools, which is evolving, especially given the announced merger with Hometown Financial Group, Inc.

Branch Network Footprint

CFSB Bancorp, Inc., through its subsidiary Colonial Federal Savings Bank, maintains a localized physical presence in Massachusetts to serve its core market in Norfolk and Plymouth Counties. As of March 31, 2025, the physical channel structure was:

Channel Type	Count	Location Context
Full-Service Branch Offices	3	Quincy, Holbrook, and Weymouth, Massachusetts
Limited-Service Branch Offices	1	Massachusetts

The merger with Hometown Financial Group, Inc. is anticipated to result in a combined entity with a branch network of 56 offices across Massachusetts, southern New Hampshire, and northeastern Connecticut following the transaction's close in the fourth quarter of 2025. This move is intended to leverage size, scale, and efficiencies.

Online and Mobile Banking Platforms

CFSB Bancorp, Inc. offers online and mobile banking platforms to support customer convenience. While CFSB-specific adoption rates for late 2025 aren't public, the general market trend shows a strong reliance on these digital channels:

• A significant majority of consumers, 77 percent, prefer to manage their bank accounts through a mobile app or a computer.
• 42 percent of consumers prefer using a mobile app to manage their finances as their go-to method.
• 36 percent of consumers prefer online banking via a website.
• 34 percent of consumers use a mobile banking app daily.

The company also provides complementary services such as remote deposit capture.

Local Advertising and Community Engagement

The distribution channel for relationship-building and brand presence relies heavily on local engagement, reflecting the community banking mission. CFSB Bancorp, Inc. has dedicated sections on its public-facing materials for 'IN THE COMMUNITY,' which includes a Scholarship Program, Community Rooms, and Community Giving. The bank's leadership team and board are composed of professionals drawn from the communities it serves.

ATMs and Debit Card Networks

While specific ATM transaction volumes or debit card network statistics for CFSB Bancorp, Inc. are not detailed in the latest reports, the availability of checking and savings products implies the use of standard debit card and ATM networks for customer access. The bank offers checking and savings accounts, including various types like Community Classic Checking and Premier Advantage Savings.

Direct Sales Force for Commercial Lending

The direct sales channel is executed through a dedicated commercial team. CFSB Bancorp, Inc. had a total of 22 Professionals listed in its profile. This team is responsible for driving lending activities, which as of June 30, 2025, included a commercial real estate component of $14.3 million in the total loan portfolio. The team structure includes roles such as Commercial Lender and Commercial Portfolio Manager.

The composition of the total loan portfolio as of June 30, 2025, shows the focus areas supported by this direct sales channel:

Loan Category	Balance as of June 30, 2025
One- to Four-Family Residential Loans	$142.3 million
Multi-Family Loans	$16.4 million
Commercial Real Estate Loans	$14.3 million

CFSB Bancorp, Inc. (CFSB) - Canvas Business Model: Customer Segments

You're looking at the customer base of CFSB Bancorp, Inc. right before the finalization of the Hometown Financial Group merger in late 2025. The segments were quite distinct, centered on a specific geographic footprint and the resulting shareholder event.

The core market for Colonial Federal Savings Bank, CFSB Bancorp, Inc.'s subsidiary, was concentrated in the high-median-income residential suburbs of Boston, specifically operating in Norfolk and Plymouth Counties, Massachusetts. This local focus defined the retail and business segments.

The key customer groups CFSB Bancorp, Inc. served included:

• Retail customers on the South Shore of Massachusetts.
• Local small to mid-sized businesses.
• Residential real estate borrowers (mortgages).
• Depositors seeking higher-yielding certificates of deposit.
• Shareholders receiving $14.25 per share in cash from the merger.

For the residential real estate borrowers, the focus was heavily weighted toward primary residences. As of the fiscal year-end June 30, 2025, one- to four-family residential loans made up 79.4% of the entire loan portfolio. This segment represented $142.3 million of the total loans on that date.

Here's the quick math on the loan portfolio composition as of June 30, 2025, which shows where the lending focus was:

Loan Category	Amount (Millions USD)	Percentage of Total Portfolio
One- to Four-Family Residential	$142.3	79.4%
Multi-family	$16.4	N/A
Commercial Real Estate	$14.3	N/A

Regarding depositors, the pressure from the interest rate environment was clear. For the three months ended September 30, 2024, the interest expense on interest-bearing deposits rose significantly, partly due to an increased percentage of higher costing certificates of deposit in the portfolio. This coincided with an $8.9 million increase in the average balance of interest-bearing deposits during that same period.

The merger with Hometown Financial Group, which closed on October 31, 2025, created a specific segment of cash recipients. The total transaction value was approximately $44 million, with CFSB Bancorp shareholders receiving $14.25 in cash for every share they held. This event effectively converted the equity holders into a final cash distribution segment.

To give you a sense of the scale before the merger, the total assets stood at $364.5 million as of September 30, 2024, and the annual revenue for the fiscal year ending June 30, 2025, was reported at $7.61 million. Also, the company repurchased $495,000 of its own stock during the year ended June 30, 2025.

Post-merger, the subsidiary, Colonial Federal Savings Bank, was set to merge into North Shore Bank, forming a new entity with $3.3 billion in assets and 29 retail locations across the North Shore and South Shores of Massachusetts and southern New Hampshire.

Finance: draft the pro-forma balance sheet impact of the $44 million cash payout by Friday.

CFSB Bancorp, Inc. (CFSB) - Canvas Business Model: Cost Structure

You're looking at the expenses that keep Colonial Federal Savings Bank, the main asset of CFSB Bancorp, Inc., running through late 2025, right before the acquisition by Hometown Financial Group was set to finalize in the fourth quarter. Honestly, for a community bank, the cost structure is heavily weighted toward personnel and the cost of money.

The largest recurring cost component is definitely the Interest expense on customer deposits and borrowings. This reflects the competitive environment where customers are chasing higher yields. For the Fiscal Year 2025, which ended June 30, 2025, the Total Interest Expense hit $6.11 million. Breaking that down, Interest Paid on Deposits was $5.64 million, while Interest Paid on Borrowings, which includes Federal Home Loan Bank (FHLB) advances, accounted for $0.47 million. To be fair, this was a significant jump from the prior year, as evidenced by the Q1 FY2025 results where total interest expense had already increased by 70.2% year-over-year, driven by a $581,000 rise in interest expense on interest-bearing deposits alone.

Next up, you have the people costs. Salaries and employee benefits, including pension costs, were reported at $3.92 million for FY 2025. Personnel costs showed some fluctuation; for instance, in the quarter ending September 30, 2024, salaries and employee benefits rose by $66,000 sequentially, largely due to the increased cost of the pension plan. Conversely, in the quarter ending March 31, 2025, there was a sequential decrease of $180,000 following prior merit increases, and a year-over-year decrease of $79,000 primarily due to a reduction in pension costs. That's the quick math on managing a team through a transition period.

The physical footprint is relatively small, which keeps Occupancy and equipment costs manageable. For FY 2025, Occupancy Expenses were $0.97 million. CFSB Bancorp, Inc.'s subsidiary, Colonial Federal Savings Bank, operated from four locations: three full-service offices and one limited-service office in Quincy, Holbrook, and Weymouth, Massachusetts, before the merger. These costs saw minor quarterly bumps, such as a $26,000 increase in the quarter ending September 30, 2024, attributed to service contracts expense.

Keeping the lights on digitally requires investment in Data processing and technology expenses. While the FY 2025 annual total isn't isolated, quarterly trends show minor increases. For the three months ending September 30, 2024, data processing costs increased by $12,000 sequentially. For the six months ending December 31, 2024, there was a $12,000 increase in data processing fees compared to the prior year period.

Finally, you have the one-time, transaction-related costs. The definitive merger agreement with Hometown Financial Group was announced in May 2025, with an expected close in the fourth quarter of 2025. CFSB Bancorp, Inc. retained Luse Gorman, PC as legal counsel and Piper Sandler as its financial advisor for this deal. While the specific dollar amount for CFSB Bancorp, Inc.'s professional fees related to this merger for FY 2025 isn't explicitly itemized in the available reports, these advisory and legal costs represent a significant, non-recurring drain on non-interest expense leading up to the closing date.

Here is a snapshot of the key annual cost figures for CFSB Bancorp, Inc. for the fiscal year ending June 30, 2025 (all figures in millions USD):

Cost Component	FY 2025 Amount (Millions USD)	Notes
Total Interest Expense	$6.11	Primary cost driver, reflecting deposit competition.
Salaries and Employee Benefits	$3.92	Includes pension costs; subject to headcount changes.
Occupancy Expenses	$0.97	Covers four branch locations.
Interest Paid on Deposits	$5.64	The largest component of interest expense.
Interest Paid on Borrowings	$0.47	Includes FHLB advances.

You should keep an eye on how the integration costs-like those professional fees-will hit the final numbers for the period covering the merger close. Finance: draft the pro-forma expense model incorporating the Hometown Financial Group cost synergies by next Wednesday.

CFSB Bancorp, Inc. (CFSB) - Canvas Business Model: Revenue Streams

CFSB Bancorp, Inc.'s revenue streams are fundamentally anchored in traditional banking operations, primarily revolving around interest earned from its asset base, supplemented by non-interest fee income. For the fiscal year ending June 30, 2025, CFSB Bancorp, Inc. reported an annual revenue of $7.61 million.

The core of the revenue generation comes from net interest income from loans and securities. For the three months ended September 30, 2024 (part of FY2025), the net interest income, calculated on a fully tax-equivalent basis, was $1.7 million. This figure represented a decrease of 9.2% compared to the same period in the prior year, reflecting the pressure from elevated deposit costs.

Total interest income is derived from several sources. In the first quarter of fiscal year 2025 (three months ended September 30, 2024), total interest and dividend income saw a year-over-year increase of 17.4%, or $481,000. This growth was driven by higher yields across earning assets and changes in average balances. Here is a breakdown of the year-over-year dollar increases contributing to that total interest income growth for the quarter:

Revenue Component	Increase (Three Months Ended Sep 30, 2024 vs. Sep 30, 2023)
Interest and dividends on securities	$134,000
Interest on cash and short-term investments	$285,000
Interest and fees on loans	$62,000

The increase in interest on cash and short-term investments was supported by an increase in the average balance of cash and short-term investments by $23.0 million during the quarter. Specifically, the interest earned on cash and short-term investments rose to $330,000 for the three months ended September 30, 2024, up from $282,000 for the three months ended June 30, 2024. Conversely, the average balance of total loans decreased by $5.2 million over the same comparative periods.

Non-interest income, which includes service charges and fees, is a smaller component of the overall revenue picture for CFSB Bancorp, Inc. The company's revenue streams are heavily weighted toward the net interest margin, making fee income a secondary, though important, source of diversification. The financial reports available for the first quarter of fiscal year 2025 do not explicitly detail the total non-interest income amount, but they do highlight the components driving interest income changes.

You should note that the specific figure of $177.2 million for interest income from total loans was not substantiated in the latest available 2025 filings; instead, we see quarterly changes like the $62,000 increase in interest and fees on loans for Q1 FY2025.

The revenue streams for CFSB Bancorp, Inc. can be summarized by the primary drivers:

• Net Interest Income: The primary driver, though facing NIM compression.
• Interest on Cash: A growing contributor due to higher average balances.
• Interest on Securities: A component showing positive growth in yield.
• Interest and Fees on Loans: A smaller, but positive, contributor to interest income growth in Q1 FY2025.