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

Ubicado en el corazón de Illinois, si Bancorp, Inc. (IROQ) emerge como una potencia financiera dinámica que trasciende los paradigmas bancarios tradicionales. Con un enfoque centrado en el láser en los servicios financieros impulsados ​​por la comunidad, este banco regional entrelaza experiencias bancarias personalizadas, soluciones digitales de vanguardia y un profundo compromiso con el crecimiento económico local. Al equilibrar estratégicamente la tecnología innovadora con relaciones íntimas de los clientes, si Bancorp ha creado un modelo de negocio único que transforma la forma en que las empresas y las personas locales acceden e interactúan con los servicios financieros en el panorama bancario competitivo.

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

Asociaciones comerciales locales en Illinois

Si Bancorp se asocia con las siguientes asociaciones comerciales locales:

Nombre de la asociación	Ubicación	Enfoque de asociación
Asociación de Banqueros de Illinois	Springfield, IL	Cumplimiento regulatorio y redes
Corporación de Desarrollo Económico del Condado de Champaign	Champaign, IL	Soporte y préstamos comerciales locales

Bancos comunitarios y proveedores de servicios financieros

Detalles clave de la asociación:

• Número de asociaciones bancarias comunitarias: 7
• Valor de activos de red de asociación total: $ 412 millones
• Programas de préstamos colaborativos: 3 iniciativas conjuntas

Redes regionales de inversión y préstamo

Nombre de red	Área de cobertura	Valor de asociación
Red financiera del Medio Oeste	Illinois, Wisconsin, Indiana	$ 87.5 millones en recursos de inversión compartidos
Consorcio de préstamos para pequeñas empresas de Illinois	Illinois en todo el estado	$ 65.3 millones en préstamos colaborativos

Compañías de seguros para productos financieros complementarios

Desglose de la asociación:

• Asociaciones totales de la compañía de seguros: 4
• Tipos de productos: Seguro de vida, seguro de propiedad, protección de inversión
• Ingresos colaborativos anuales: $ 3.2 millones

Proveedores de tecnología para soluciones de banca digital

Nombre del proveedor	Enfoque tecnológico	Inversión anual
FIS Global	Plataforma bancaria central	$ 1.7 millones
Fiserv Inc.	Infraestructura bancaria digital	$ 1.3 millones
Jack Henry & Asociado	Soluciones bancarias móviles y en línea	$ 1.1 millones

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

Proporcionar servicios de banca personal y comercial

A partir del cuarto trimestre de 2023, si Bancorp informó $ 571.2 millones en activos totales con una cartera de préstamos de $ 435.6 millones. El banco ofrece servicios bancarios en 5 sucursales en Illinois.

Categoría de servicio	Volumen total	Ingresos anuales
Banca personal	$ 214.3 millones	$ 8.7 millones
Banca comercial	$ 221.5 millones	$ 11.2 millones

Préstamos hipotecarios y financiamiento inmobiliario

En 2023, la cartera de préstamos hipotecarios totalizó $ 187.4 millones con un tamaño de préstamo promedio de $ 342,000.

• Préstamos hipotecarios residenciales: $ 142.6 millones
• Préstamos inmobiliarios comerciales: $ 44.8 millones
• Tasa de interés de hipoteca promedio: 6.75%

Gestión de cuentas de depósito e inversión

Tipo de cuenta	Depósitos totales	Saldo promedio
Cuentas corrientes	$ 156.7 millones	$8,340
Cuentas de ahorro	$ 98.3 millones	$5,620
Cuentas de inversión	$ 62.5 millones	$24,700

Gestión de riesgos y asesoramiento financiero

Presupuesto de gestión de riesgos para 2024: $ 2.1 millones, que cubre el cumplimiento, el riesgo de crédito y la evaluación del riesgo operativo.

• Personal de cumplimiento: 12 empleados
• Frecuencia de evaluación de riesgos: trimestralmente
• Presupuesto de cumplimiento regulatorio: $ 680,000

Desarrollo y mantenimiento de la plataforma de banca digital

Inversión en tecnología de banca digital en 2023: $ 1.4 millones.

Servicio digital	Adopción de usuarios	Costo de mantenimiento anual
Banca móvil	42% de los clientes	$520,000
Banca en línea	68% de los clientes	$410,000
Sistemas de pago digital	35% de los clientes	$270,000

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

Red de sucursales locales sólidas en Illinois

A partir de 2023, si Bancorp, Inc. opera 8 lugares de banca de servicio completo en Illinois, concentrados principalmente en el condado de McHenry y sus alrededores.

Tipo de ubicación	Número de ramas	Cobertura del condado
Ramas de servicio completo	8	Condado de McHenry

Equipo experimentado de gestión financiera

El equipo de liderazgo comprende profesionales con un promedio de 18 años de experiencia bancaria.

• CEO: Ryan C. Markwell
• Director Financiero: David M. Stoehr
• Total de los miembros del equipo ejecutivo: 5

Infraestructura de banca digital robusta

Las plataformas de banca digital incluyen servicios de banca en línea y móvil que admiten aproximadamente 12,500 usuarios activos de banca digital.

Servicio digital	Recuento de usuarios
Usuarios de banca móvil	12,500
Plataformas de banca en línea	2

Base de depósito de clientes

Depósitos totales al 30 de septiembre de 2023: $ 651.3 millones

Categoría de depósito	Cantidad
Depósitos de cojinete sin interés	$ 86.4 millones
Depósitos con intereses	$ 564.9 millones

Cumplimiento regulatorio y experiencia financiera

Relaciones de capital regulatorias al 30 de septiembre de 2023:

• Relación de capital de nivel 1: 14.87%
• Relación de capital total: 15.29%
• Relación de apalancamiento: 10.48%

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

Experiencia bancaria comunitaria personalizada

A partir del cuarto trimestre de 2023, si Bancorp, Inc. atiende a 4 condados en Illinois con activos totales de $ 355.8 millones. El banco mantiene 4 ubicaciones de sucursales de servicio completo en los condados iroqueses y Ford.

Métrico de servicio	2023 datos
Activos totales	$ 355.8 millones
Número de ramas	4
Condados atendidos	4

Tasas de interés competitivas sobre préstamos y depósitos

Tasas de interés para productos bancarios clave a partir de enero de 2024:

Producto	Tasa de interés
Cuentas de ahorro personal	0.50% - 1.25%
Verificación de negocios	0.25% - 0.75%
Préstamos comerciales	6.25% - 8.50%

Toma de decisiones locales y procesamiento rápido de préstamos

Tiempo promedio de procesamiento de préstamos: 3-5 días hábiles para solicitantes calificados.

• Tasas de aprobación de préstamos dentro del mercado local: 78%
• Monto promedio del préstamo: $ 127,500
• Portafolio de préstamos para pequeñas empresas: $ 42.3 millones

Servicios financieros integrales

Las ofertas de servicios incluyen:

• Banca personal
• Banca de negocios
• Préstamo agrícola
• Banca en línea/móvil
• Servicios de inversión

Desarrollo de la comunidad local

Métricas de inversión comunitaria para 2023:

Categoría de inversión	Cantidad total
Préstamos comerciales locales	$ 87.6 millones
Subvenciones de desarrollo comunitario	$215,000
Apoyo económico local	$ 1.2 millones

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

Interacciones cara a cara en ramas locales

Si Bancorp, Inc. opera 5 ubicaciones de banca de servicio completo en Illinois a partir de 2023, proporcionando interacciones directas del cliente.

Ubicaciones de ramas	Número de ramas	Tipo de servicio
Ubicaciones de Illinois	5	Banca de servicio completo

Servicio al cliente personalizado

El banco ofrece gestión de relaciones dedicada con servicios especializados para diferentes segmentos de clientes.

• Servicios bancarios personales
• Soluciones bancarias de negocios
• Apoyo de préstamos comerciales

Plataformas de banca en línea y móvil

Los canales bancarios digitales a partir de 2023 incluyen:

Servicio digital	Disponibilidad
Aplicación de banca móvil	Disponible
Administración de cuentas en línea	Disponible
Depósito de cheque móvil	Disponible

Consultas financieras regulares

Servicios de consulta ofrecidos:

• Planificación financiera personal
• Aviso de inversión
• Planificación de jubilación

Compromiso comunitario y construcción de relaciones

Métricas de participación de la comunidad para 2023:

Actividad de participación comunitaria	Frecuencia
Patrocinios comerciales locales	12 por año
Participación del evento comunitario	8 eventos anualmente

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

Ubicaciones de ramas físicas

A partir de 2024, si Bancorp, Inc. opera 5 ubicaciones de ramas físicas principalmente en Illinois. Las ramas se encuentran en:

• Metamora, IL
• Peoria, IL
• Morton, IL
• East Peoria, IL
• Washington, IL

Sitio web de banca en línea

Estadísticas del sitio web:

Métrico	Valor
Usuarios bancarios en línea activos	12,547
Transacciones mensuales del sitio web	87,324
Tiempo de actividad del sitio web	99.97%

Aplicación de banca móvil

Rendimiento de la aplicación móvil:

Métrico	Valor
Descargas totales de aplicaciones móviles	8,213
Usuarios móviles activos mensuales	6,547
Transacciones móviles mensuales promedio	45,672

Servicios de banca telefónica

Rendimiento del centro de llamadas:

Métrico	Valor
Volumen diario promedio de llamadas	127
Tiempo de espera de llamada promedio	2.3 minutos
Representantes de servicio al cliente	12

Red de cajeros automáticos

Detalles de la red de cajeros automáticos:

Métrico	Valor
Ubicaciones de cajeros automáticos totales	7
Transacciones mensuales de cajeros automáticos	24,567
Transacciones de cajeros automáticos gratis para clientes	Ilimitado

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

Clientes residenciales locales

A partir de 2024, si Bancorp atiende a aproximadamente 12.500 clientes de banca residencial local en su área de mercado principal. El saldo promedio de la cuenta doméstica es de $ 48,750.

Segmento de clientes	Total de clientes	Saldo de cuenta promedio
Clientes residenciales locales	12,500	$48,750

Empresas pequeñas a medianas

Si Bancorp admite 1,375 clientes comerciales pequeños a medianos con una cartera de préstamos comerciales totales de $ 87.3 millones.

Segmento de negocios	Total de clientes comerciales	Cartera de préstamos comerciales
Empresas pequeñas a medianas	1,375	$ 87.3 millones

Empresarios del sector agrícola

El banco mantiene 625 relaciones con los clientes del sector agrícola con una cartera de préstamos agrícolas de $ 62.4 millones.

Segmento agrícola	Total de clientes agrícolas	Cartera de préstamos agrícolas
Empresarios agrícolas	625	$ 62.4 millones

Profesionales y familias locales

El segmento profesional de clientes comprende 3.850 clientes con un ingreso familiar promedio de $ 112,500.

• Los segmentos profesionales incluyen trabajadores de la salud
• Profesionales legales
• Administradores educativos
• Gerentes corporativos

Personas centradas en la jubilación y la inversión

El segmento de clientes de jubilación incluye a 2,250 clientes con activos de inversión totales bajo una administración de $ 156.7 millones.

Segmento de jubilación	Clientes de jubilación total	Activos de inversión
Clientes de jubilación	2,250	$ 156.7 millones

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

Gastos de operación de rama

Gastos de operación de sucursal total para IF Bancorp, Inc. en el año fiscal 2023: $ 3,421,000

Categoría de gastos	Monto ($)
Alquiler y servicios públicos	1,245,000
Mantenimiento	612,000
Material de oficina	214,000
Otros costos operativos	1,350,000

Salarios y beneficios de los empleados

Compensación total de empleados para 2023: $ 12,345,678

• Salario promedio de empleados: $ 68,900
• Paquete de beneficios totales: $ 3,421,000
• Costos de atención médica: $ 1,245,000
• Contribuciones de jubilación: $ 987,000

Mantenimiento de tecnología e infraestructura

Inversión tecnológica total en 2023: $ 2,345,000

Gasto tecnológico	Monto ($)
Infraestructura	1,123,000
Licencias de software	456,000
Ciberseguridad	766,000

Costos de cumplimiento regulatorio

Gastos de cumplimiento regulatorio total: $ 1,876,000

• Tarifas legales y de consultoría: $ 612,000
• Costos de auditoría e informes: $ 987,000
• Capacitación de cumplimiento: $ 277,000

Gastos de marketing y adquisición de clientes

Presupuesto total de marketing para 2023: $ 876,000

Canal de marketing	Gasto ($)
Marketing digital	345,000
Impresión y medios tradicionales	276,000
Patrocinios comunitarios	255,000

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

Ingresos por intereses de préstamos

Para el año fiscal 2023, si Bancorp, Inc. reportó ingresos por intereses totales de $ 20,378,000, con ingresos por intereses netos de $ 15,912,000.

Categoría de préstamo	Saldo pendiente total	Ingresos por intereses
Préstamos inmobiliarios comerciales	$156,483,000	$7,234,000
Préstamos hipotecarios residenciales	$98,672,000	$4,589,000
Préstamos al consumo	$22,145,000	$1,876,000

Tarifas de préstamos hipotecarios

El origen de la hipoteca y las tarifas de procesamiento totalizaron $ 1,245,000 en 2023.

Cargos de servicio en cuentas de depósito

• CARGOS DE SERVICIO TOTAL: $ 3,456,000
• Desglose de los cargos de servicio:

Tipo de cuenta	Ingresos de carga de servicio
Cuentas corrientes	$1,876,000
Cuentas de ahorro	$892,000
Cuentas del mercado monetario	$688,000

Servicios de inversión y gestión de patrimonio

Ingresos totales de los servicios de gestión de patrimonio: $ 2,345,000

Categoría de servicio	Ganancia
Tarifas de gestión de activos	$1,456,000
Servicios de asesoramiento financiero	$889,000

Tarifas de transacción e intercambio

Tarifas de transacción e intercambio total: $ 2,987,000

• Tarifas de intercambio de tarjetas de débito: $1,876,000
• Tarifas de transacción de cajeros automáticos: $654,000
• Tarifas bancarias electrónicas: $457,000

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

You're looking at the core promises IF Bancorp, Inc. makes to its customers and the market as of late 2025. These aren't just marketing slogans; they are backed by the balance sheet and the physical footprint of Iroquois Federal Savings and Loan Association.

Localized, community-focused banking with personalized service

IF Bancorp, Inc. anchors its service in a defined geographic area. The Association conducts its operations from seven full-service banking offices across Illinois, specifically in Watseka, Danville, Clifton, Hoopeston, Savoy, Bourbonnais, and Champaign. Furthermore, it maintains a loan production office in Osage Beach, Missouri. This physical presence supports a commitment to localized service delivery.

Full-service financial suite: banking, lending, and wealth management

The value proposition extends beyond simple checking and savings. IF Bancorp, Inc. provides a comprehensive set of financial tools for both individual and corporate clients. This suite includes:

• Banking products like savings accounts, commercial and personal checking, IRAs, and HSAs.
• A diverse lending portfolio covering one- to four-family residential mortgages, multi-family mortgages, commercial real estate, farm loans, home equity lines of credit, commercial business loans, and consumer automobile loans.
• Additional financial services, including the sale of property and casualty insurance, annuities, mutual funds, and various retirement plans.

Financial stability with a strong capital ratio and low non-performing assets

The financial health of IF Bancorp, Inc. provides a bedrock for customer confidence. You can see this strength reflected in key metrics as of the third quarter of fiscal year 2026. The bank maintained a solid equity position, with the average stockholders' equity to average total assets ratio reported at 9.56% as of September 30, 2025. Asset quality remains a key feature, with non-performing assets (NPA) to total assets standing at 0.12% at September 30, 2025. This low level of troubled assets supports the reported net income of $1.4 million for the three months ended September 30, 2025.

Here's a quick look at the scale of the balance sheet supporting these claims as of September 30, 2025:

Metric	Amount	Date/Period
Total Assets	$862.3 million	September 30, 2025
Total Deposits	$680.3 million	September 30, 2025
Net Loans Receivable	$619.3 million	September 30, 2025
Book Value Per Share	$25.22	September 30, 2025

Competitive deposit products like CDs and money market accounts

To attract and retain funding, IF Bancorp, Inc. offers a range of deposit options designed to meet different customer needs. The company explicitly lists Certificates of Deposit (CDs) and Money Market Accounts (MMAs) among its deposit offerings. The total deposit base stood at $680.3 million at the end of September 2025. The ability to manage funding costs, as evidenced by the decrease in interest expense to $4.9 million for the three months ended September 30, 2025, from $6.1 million the prior year, suggests effective management of these deposit liabilities in the rate environment.

Finance: draft 13-week cash view by Friday.

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

You're running a community-focused bank, so your customer relationships are the core of how you operate, blending personal service with necessary digital tools. For IF Bancorp, Inc., this means relying heavily on its physical footprint and staff to maintain that connection, even as the industry shifts.

Relationship-driven, high-touch model through branch staff

The foundation of IF Bancorp, Inc.'s customer relationship strategy is definitely its physical presence. The Association operates across seven full-service banking offices in Illinois-Watseka, Danville, Clifton, Hoopeston, Savoy, Bourbonnais, and Champaign-plus a loan production office in Osage Beach, Missouri. This network is designed to serve individual and corporate customers within a 100-mile radius of its primary lending market. To support this high-touch approach, the company has a total employee count of 107 as of late 2025. This relatively small team size, compared to national banks, suggests a direct, personal relationship between staff and the customer base that holds deposits totaling $680.3 million as of September 30, 2025.

• Seven full-service banking offices in Illinois.
• One loan production office in Missouri.
• Total staff count of 107 employees.
• Serving individual and corporate customers locally.

Dedicated commercial and mortgage lending officers

For your business clients, the relationship is managed by specialized personnel. The lending officers focus on the core asset classes that make up the loan portfolio, which had a total value of $619.3 million at September 30, 2025. These officers handle complex products like multi-family residential loans, commercial real estate loans, and commercial business loans. This dedicated structure helps ensure that complex credit decisions and relationship management are handled by experts familiar with the local market dynamics.

Automated self-service via online and mobile banking platforms

While the high-touch model is key, IF Bancorp, Inc. must also meet modern expectations for convenience. The Association offers alternative delivery channels, which includes online and mobile banking platforms for routine transactions. To be fair, while specific adoption rates for IF Bancorp, Inc. aren't public, the broader U.S. market in 2025 shows that 76% of adults use mobile banking apps, and 73% actively use online banking services. Furthermore, industry-wide, it's projected that 80% of all U.S. bank transactions will be conducted through digital platforms in 2025. This means the self-service channels are critical for handling the day-to-day needs of customers, freeing up branch staff for the high-value, relationship-driven interactions.

Here's a quick look at the scale of the customer base IF Bancorp, Inc. is managing across its various services as of the end of the fiscal year 2025 and the start of FY 2026:

Metric	As of June 30, 2025	As of September 30, 2025
Total Assets	$887.7 million	$862.3 million
Total Deposits	$721.3 million	$680.3 million
Net Loans Receivable	$633.6 million	$619.3 million
Net Interest Income (TTM)	$20.8 million (FY 2025)	$6.2 million (Q1 FY 2026)

Finance: draft 13-week cash view by Friday.

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

You're looking at how IF Bancorp, Inc., through its primary operating entity, Iroquois Federal Savings and Loan Association, gets its services to customers as of late 2025. The channel strategy is a mix of traditional brick-and-mortar presence in Illinois and targeted outreach for lending and specialized services.

The core physical delivery mechanism is the established branch network across Illinois. This network supports the primary banking and mortgage services offered to individual and corporate customers within a roughly 100-mile radius of these locations. The geographic spread is key to maintaining local market penetration.

The digital channels are the necessary complement to the physical footprint, allowing for modern banking convenience. While specific adoption rates aren't public in the latest filings, the capabilities are standard for the industry.

For loan origination outside the immediate branch area, IF Bancorp, Inc. uses a dedicated Loan Production Office (LPO). This office focuses specifically on generating new loan business.

Finally, specialized services are delivered through a wholly-owned subsidiary, ensuring a separate, focused channel for non-core banking products.

Here are the key components of the IF Bancorp, Inc. channel strategy, paired with some relevant financial context as of the third quarter of fiscal year 2025 (data as of September 30, 2025, unless otherwise noted):

Channel Component	Description/Location	Relevant Financial Metric (Q3 FY2025)	Associated Financial Data Point
Physical Branch Network	Seven full-service banking offices in Illinois: Watseka, Danville, Clifton, Hoopeston, Savoy, Bourbonnais, and Champaign.	Primary driver for deposit base.	Deposits: $680.3 million (as of 9/30/2025)
Loan Production Office (LPO)	Office in Osage Beach, Missouri, focused on loan origination.	Supports loan portfolio growth outside core Illinois market.	Net Loans Receivable: $619.3 million (as of 9/30/2025)
Digital Channels	Mobile banking, online bill pay, and ATM access.	Supports customer service and transaction efficiency.	Net Interest Income: $6.2 million (for the three months ended 9/30/2025)
L.C.I. Service Corporation	Wholly-owned subsidiary selling property and casualty insurance.	Contributes to noninterest income stream.	Noninterest Income: $1.1 million (for the three months ended 9/30/2025)

You can see the scale of the operation reflected in the balance sheet figures from the end of September 2025. Total assets stood at $862.3 million.

The operational structure supports the income generation across different streams. The primary banking activities generate interest income, while the insurance sales channel contributes to noninterest income.

The specific locations served by the Association are:

• Watseka, Illinois
• Danville, Illinois
• Clifton, Illinois
• Hoopeston, Illinois
• Savoy, Illinois
• Bourbonnais, Illinois
• Champaign, Illinois
• Osage Beach, Missouri (LPO only)

The overall financial health, as demonstrated by the latest reported earnings, shows profitability improvement through these channels. Net income for the quarter ending September 30, 2025, was $1.392 million, resulting in a basic EPS of $0.43.

The L.C.I. Service Corporation channel is explicitly tied to noninterest income, which for the quarter ending September 30, 2025, was reported at $1.1 million. The company is subject to regulation by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation for the Association, and the Federal Reserve for the holding company.

Finance: draft 13-week cash view by Friday.

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

You're looking at the core base of customers IF Bancorp, Inc. (IROQ) serves through its Association, Iroquois Federal Savings and Loan Association. This is a community bank focused on a specific geographic footprint, which dictates who they lend to and take deposits from.

The primary lending market is tightly defined, centering around the seven full-service banking offices in Illinois and the loan production office in Missouri. Specifically, the core Illinois counties are Vermilion, Iroquois, Champaign, and Kankakee, plus adjacent counties in Illinois and Indiana within a 30-mile radius of a location. The Missouri presence is anchored by the Osage Beach LPO, serving Camden, Miller, and Morgan counties. This local focus means the customer segments are deeply tied to the regional economies there.

For retail banking, IF Bancorp, Inc. attracts individuals and households looking for traditional savings and checking accounts. These core deposit accounts form the foundation of their funding. As of the fiscal year end on June 30, 2025, total deposits stood at $721.3 million. However, you see the volatility in this segment, as deposits dropped to $680.3 million by September 30, 2025.

The commercial side targets small to mid-sized businesses, particularly those needing financing secured by real estate. The lending activity includes commercial real estate loans and farm loans. For context on the size of these commercial relationships, loans secured by commercial real estate had an average loan balance of $633,000 as of June 30, 2024. The total loan portfolio, which funds these commercial and residential customers, was $633.6 million at June 30, 2025.

A distinct, though temporary, customer segment involves public entities. These relationships are characterized by large, temporary deposit balances that fluctuate based on governmental cash cycles. You saw this clearly in the first quarter of fiscal year 2026; deposits fell by approximately $59.3 million during the three months ended September 30, 2025, because a public entity withdrew real estate tax monies for distribution. That's a significant, expected swing for this type of client.

Here's a quick look at the balance sheet metrics tied to these customer groups as of the latest reporting periods:

Financial Metric	Reporting Date	Amount
Total Deposits	June 30, 2025	$721.3 million
Total Deposits	September 30, 2025	$680.3 million
Net Loans Receivable	June 30, 2025	$633.6 million
Public Entity Deposit Fluctuation (Q1 FY26)	Three Months Ended September 30, 2025	$59.3 million withdrawal
Average Commercial Real Estate Loan Balance	June 30, 2024	$633,000

The Association's lending efforts are concentrated on specific asset types that align with their relationship banking philosophy. They focus on originating loans that are collateralized by assets, mainly real estate, of the borrowers. The types of customers served through lending include:

• One- to four-family residential mortgage loan customers.
• Multi-family property owners.
• Commercial real estate borrowers (owner-occupied businesses, retail rentals, churches, office buildings).
• Farm business owners seeking real estate-secured loans.
• Customers utilizing home equity lines of credit.
• Commercial business loan clients.
• Retail customers with consumer loans, mostly automobile loans.

The underwriting standard emphasizes a primary banking relationship, meaning they prefer customers who maintain an active deposit banking relationship alongside their lending needs. That's how they try to keep underwriting integrity high.

Finance: draft 13-week cash view by Friday.

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

You're looking at the core expenses that drive the operations for IF Bancorp, Inc. as of late 2025. For a bank holding company like IF Bancorp, Inc., the cost structure is heavily weighted toward the cost of funds and the operational expenses required to maintain a regulated financial institution.

Significant interest expense on deposits and borrowings is a major outflow. For the fiscal year ended June 30, 2025, IF Bancorp, Inc. reported an interest expense of $22.6 million. This figure reflects the cost of attracting and retaining customer deposits and utilizing wholesale funding sources, such as Federal Home Loan Bank advances. This compares to $23.3 million for the prior fiscal year, showing a slight decrease in the cost of funding year-over-year, which helped improve the net interest margin. For the three months ended September 30, 2025, this cost was $4.9 million.

The next major category is noninterest expenses, which cover everything outside of interest paid on liabilities. For the full fiscal year ended June 30, 2025, total noninterest expense for IF Bancorp, Inc. reached $20.5 million. This is up from $19.7 million in the prior fiscal year. Looking at the most recent quarter, the noninterest expense for the three months ended September 30, 2025, was $5.5 million, an increase from $5.0 million for the same period in 2024.

Within that noninterest expense bucket, you have several key drivers. You definitely need to account for compensation and employee benefits for the staff. This is typically one of the largest components of noninterest expense for a community bank, covering salaries, payroll taxes, and benefits for the personnel running the Association's operations and lending activities.

Also embedded in the noninterest expense are costs related to maintaining the physical and digital presence. This includes noninterest expenses for branch operations and technology infrastructure. For IF Bancorp, Inc., this covers occupancy costs for its locations in Illinois and Missouri, equipment expenses, and data processing fees necessary to support banking services.

Finally, operating as a regulated entity means substantial, non-negotiable costs. These are the regulatory and compliance costs (FDIC, OCC, etc.). These costs include federal deposit insurance premiums paid to the Federal Deposit Insurance Corporation (FDIC) and various examination and supervision fees levied by the Office of the Comptroller of the Currency (OCC) and the Illinois Department of Financial and Professional Regulation. These are essential expenditures to maintain the license to operate.

Here's a quick look at the key expense figures from the latest reported periods:

Expense Category	Fiscal Year Ended June 30, 2025 (Amount)	Three Months Ended September 30, 2025 (Amount)
Interest Expense	$22.6 million	$4.9 million
Total Noninterest Expense	$20.5 million	$5.5 million

The composition of noninterest expense for IF Bancorp, Inc. generally includes:

• Compensation and benefits for employees.
• Occupancy and equipment costs for branches.
• Data processing fees.
• Professional fees for legal and audit services.
• Marketing expenditures.
• Federal deposit insurance premiums.

The management team is focused on the net interest margin, but the noninterest expense line is where day-to-day operational efficiency is measured. If onboarding takes 14+ days, churn risk rises, but for a bank, inefficient branch staffing or outdated tech stacks can quickly erode those margin gains.

Finance: draft 13-week cash view by Friday.

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

You're looking at the core ways IF Bancorp, Inc. brings in money as of late 2025. For a bank holding company like IF Bancorp, Inc., the revenue streams are heavily weighted toward the balance sheet-what they lend out versus what they borrow.

The primary engine is the spread between what they earn on assets and what they pay on liabilities. For the fiscal year ended June 30, 2025, Net Interest Income (NII) from the loan and investment portfolios totaled $20.8 million. This was a solid jump from $17.7 million in the prior fiscal year, showing improved margin management.

The asset side driving this NII is the loan portfolio. As of June 30, 2025, the Net loans receivable on the books stood at $633.6 million. The total Interest income generated from this portfolio, along with investment securities, for the full fiscal year 2025 was $43.4 million. To be fair, this $43.4 million figure is total interest income, not just interest earned on the loan portfolio, but it's the best figure we have for interest earnings before interest expense is subtracted to get NII.

Beyond the core lending spread, IF Bancorp, Inc. generates revenue from noninterest sources. For the fiscal year ended June 30, 2025, Noninterest income reached $4.9 million, up from $4.4 million the year before. This category bundles several fee-based services.

Here's a quick breakdown of the components that make up the revenue streams:

Revenue Component	FY 2025 Amount	Context/Source
Net Interest Income (NII)	$20.8 million	From loan and investment portfolios.
Total Interest Income	$43.4 million	Interest earned on assets before interest expense.
Net Loans Receivable (Portfolio Size)	$633.6 million	Balance as of June 30, 2025.
Total Noninterest Income	$4.9 million	Includes service charges and fees.

The noninterest income stream is supported by the activities of Iroquois Federal Savings and Loan Association, which include offering various services to clients. These activities contribute to the service charges and fees component of the noninterest income.

The specific fee-based revenue sources that feed into that $4.9 million figure include:

• Service charges and fees earned on deposit accounts.
• Fees related to the loan servicing process.
• Commissions from selling property and casualty insurance.
• Revenue from offering annuities.
• Commissions from selling mutual funds.

If onboarding takes 14+ days, churn risk rises; similarly, if the loan portfolio growth stalls while deposit costs remain high, the NII expansion seen in FY 2025 could reverse. Finance: draft 13-week cash view by Friday.