CFSB Bancorp, Inc. (CFSB): Business Model Canvas [Jan-2025 Mise à jour]

Plongez dans le monde complexe de CFSB Bancorp, Inc., une institution financière dynamique profondément enracinée dans le paysage économique du sud de l'Illinois. Cette toile complète du modèle commercial révèle comment cette banque axée sur la communauté aborde stratégiquement les défis du marché local, mélangeant des services bancaires personnalisés avec des technologies numériques de pointe. Du financement agricole à l'engagement communautaire complet, l'approche innovante de CFSB démontre un plan unique pour le succès bancaire régional qui va bien au-delà des transactions financières traditionnelles.

CFSB Bancorp, Inc. (CFSB) - Modèle commercial: partenariats clés

Entreprises locales et entreprises commerciales dans le sud de l'Illinois

CFSB Bancorp maintient des partenariats stratégiques avec les entreprises locales du sud de l'Illinois, en se concentrant sur les segments clés suivants:

Secteur des affaires	Nombre d'accords de partenariat	Volume commercial total
Commerces de détail	87	24,3 millions de dollars
Entreprises manufacturières	42	16,7 millions de dollars
Fournisseurs de services	63	12,9 millions de dollars

Clients du secteur agricole et agricole

CFSB Bancorp fournit des services financiers spécialisés aux partenaires agricoles:

• Portfolio total de prêts agricoles: 89,4 millions de dollars
• Nombre de partenariats agricoles: 215
• Taille moyenne du prêt: 416 279 $

Fournisseurs de services financiers régionaux et vendeurs de technologies

Type de partenaire	Nombre de partenariats	Investissement technologique annuel
Traitement des paiements	3	1,2 million de dollars
Logiciel bancaire de base	2	$875,000
Fournisseurs de cybersécurité	4	$650,000

Organisations communautaires et chambres de commerce

Détails du partenariat avec les réseaux communautaires locaux:

• Partenariats totaux d'organisation communautaire: 22
• Investissement communautaire annuel: 327 500 $
• Adhésions aux chambres de commerce: 8

Partenaires de services d'assurance et d'investissement

Catégorie de partenaire	Nombre de partenariats	Actifs gérés totaux
Assureurs	6	42,6 millions de dollars
Sociétés de gestion des investissements	4	78,3 millions de dollars

CFSB Bancorp, Inc. (CFSB) - Modèle d'entreprise: activités clés

Services de vente au détail et commerciaux

CFSB Bancorp fournit des services bancaires avec les mesures clés suivantes:

Catégorie de service	Comptes totaux	Équilibre moyen
Comptes de chèques personnels	15,237	$4,562
Comptes de chèques d'entreprise	3,412	$22,345
Comptes d'épargne	9,876	$7,890

Prêts hypothécaires et financement immobilier

Détails du portefeuille de prêts hypothécaires:

• Prêts hypothécaires totaux: 287,6 millions de dollars
• Originations hypothécaires résidentielles: 42,3 millions de dollars
• Taille du prêt hypothécaire moyen: 276 000 $
• Taux d'approbation du prêt hypothécaire: 68,4%

Gestion de la plate-forme bancaire numérique

Service numérique	Total utilisateurs	Transactions mensuelles
Application bancaire mobile	22,145	342,567
Banque en ligne	18,776	276,890
Payage de facture numérique	15,432	187,654

Gestion de la relation client

CRM Performance Metrics:

• Base de clientèle totale: 37 521
• Taux de rétention de la clientèle: 87,3%
• Fréquence moyenne d'interaction du client: 4,2 fois par mois

Évaluation des risques et services de conseil financier

Catégorie de gestion des risques	Volume total	Taux d'atténuation des risques
Évaluation des risques de crédit	456,7 millions de dollars	92.1%
Avis d'investissement	123,4 millions de dollars	85.6%
Surveillance de la conformité	276,5 millions de dollars	97.3%

CFSB Bancorp, Inc. (CFSB) - Modèle d'entreprise: Ressources clés

Réseau de succursale physique dans le sud de l'Illinois

CFSB Bancorp exploite 18 emplacements bancaires à service complet dans le sud de l'Illinois à partir de 2024. Le réseau de succursale couvre les comtés suivants:

Comté	Nombre de branches
Comté de Williamson	5
Comté de Franklin	4
Comté de saline	3
Autres comtés du sud de l'Illinois	6

Professionnels bancaires et financiers expérimentés

CFSB Bancorp emploie 215 professionnels bancaires à temps plein au 31 décembre 2023, avec une expérience bancaire moyenne de 12,5 ans.

• Tenure moyenne des employés: 7,3 ans
• Pourcentage d'employés avec des certifications financières: 62%
• Équipe de gestion Expérience bancaire moyenne: 18 ans

Infrastructure de technologie bancaire numérique avancée

Ressource technologique	Spécification
Utilisateurs de la banque en ligne	42,500
Téléchargements d'applications bancaires mobiles	28,700
Volume de transaction numérique	1,2 million par trimestre

Solide réputation du marché local

Part de marché dans les zones de service primaires: 24,5% en 2023

Portefeuille de produits financiers diversifiés

Catégorie de produits	Valeur totale du portefeuille
Prêts commerciaux	287,4 millions de dollars
Prêts à la consommation	156,2 millions de dollars
Prêts hypothécaires	214,6 millions de dollars
Portefeuille de prêts totaux	658,2 millions de dollars

CFSB Bancorp, Inc. (CFSB) - Modèle d'entreprise: propositions de valeur

Expérience bancaire communautaire personnalisée

Au quatrième trimestre 2023, CFSB Bancorp dessert 12 emplacements bancaires dans l'ouest du Kentucky avec une base d'actifs totale de 1,16 milliard de dollars. La banque maintient une clientèle locale d'environ 45 000 titulaires de compte.

Métrique de service	2023 données
Emplacements bancaires totaux	12
Actif total	1,16 milliard de dollars
Total des titulaires de compte	45,000

Taux d'intérêt concurrentiels pour les prêts et les dépôts

CFSB offre des tarifs compétitifs sur plusieurs produits financiers:

Type de produit	Plage de taux d'intérêt (2024)
Comptes d'épargne personnels	1.50% - 3.25%
Comptes de chèques personnels	0.25% - 1.75%
Prêts personnels	6.50% - 12.99%
Prêts commerciaux	5.75% - 10.25%

Prise de décision locale et traitement rapide des prêts

Métriques de traitement des prêts:

• Temps d'approbation du prêt moyen: 3-5 jours ouvrables
• Prise de décision du comité de prêt local
• 98% des décisions de prêt prises dans le réseau de succursales locales

Services financiers complets

CFSB fournit une large gamme de produits financiers:

• Services bancaires personnels
• Solutions bancaires d'entreprise
• Prêts commerciaux
• Gestion de la richesse
• Banque en ligne et mobile

Approche bancaire axée sur les relations

Métriques de la relation client pour 2023:

Métrique relationnelle	Valeur
Mandat moyen des clients	8,2 ans
Taux de rétention de la clientèle	92%
Ratio de vente croisée	2.3 Produits par client

CFSB Bancorp, Inc. (CFSB) - Modèle d'entreprise: relations avec les clients

Interactions en face à face dans les succursales locales

En 2024, CFSB Bancorp maintient 12 emplacements de branche physiques dans l'ouest du Kentucky. Interactions moyennes du client de la branche quotidienne: 87 par succursale.

Type de succursale	Nombre de branches	Visites quotidiennes quotidiennes
Succursales de détail	10	65
Succursales commerciales	2	22

Service client personnalisé

Métriques du service client pour 2024:

• Temps de réponse moyen: 12 minutes
• Taux de satisfaction client: 94,3%
• Gestionnaires des relations dédiées: 43 membres du personnel

Support bancaire numérique et plateformes en ligne

Statistiques de l'engagement des banques numériques:

Canal numérique	Utilisateurs actifs	Transactions mensuelles
Application bancaire mobile	22,567	378,945
Site Web de banque en ligne	18,234	256,789

Engagement communautaire et événements locaux

Données d'interaction communautaire pour 2024:

• Événements locaux parrainés: 24
• Investissement communautaire: 327 500 $
• Partenariats commerciaux locaux: 87

Gestion des relations pour les affaires et les services bancaires personnels

Répartition de la gestion des relations:

Segment de clientèle	Total des clients	Gestionnaires de relations dédiées
Banque personnelle	34,562	28
Banque d'affaires	2,345	15

CFSB Bancorp, Inc. (CFSB) - Modèle d'entreprise: canaux

Emplacements de branche physiques

En 2024, CFSB Bancorp maintient 12 emplacements de branche physiques dans l'ouest du Kentucky, spécifiquement concentrés dans les comtés de Caldwell, Crittenden, Lyon et environnants.

Comté	Nombre de branches
Comté de Caldwell	4
Comté de Crittenden	3
Comté de Lyon	2
Comtés environnants	3

Site Web de banque en ligne

La plateforme bancaire en ligne de CFSB Bancorp fournit Accès numérique 24/7 aux comptes clients.

• URL du site Web: www.cfsbank.com
• Volume de transaction en ligne: environ 45 000 transactions mensuelles
• Base d'utilisateurs numériques: plus de 18 000 clients bancaires en ligne enregistrés

Application bancaire mobile

L'application mobile de la banque prend en charge des services bancaires complets.

Fonctionnalité d'application mobile	Disponibilité
Dépôt de chèques mobiles	Oui
Rémunération	Oui
Transférer des fonds	Oui
Alertes de compte	Oui

Services bancaires téléphoniques

CFSB fournit des services bancaires téléphoniques automatisés avec un soutien en direct pendant les heures d'ouverture.

• Banque de téléphone automatisé: disponible 24/7
• Heures de service à la clientèle: 8h00 - 17h00 CST
• Temps de réponse moyen de l'appel: 2,5 minutes

Réseau ATM

CFSB maintient un réseau de distributeurs automatiques de billets dans sa région de service.

Type de guichet automatique	Nombre total
ATM appartenant à des banques	15
ATM du réseau partagé	35
Points d'accès ATM total	50

CFSB Bancorp, Inc. (CFSB) - Modèle d'entreprise: segments de clientèle

Individus et familles locaux

Au quatrième trimestre 2023, CFSB Bancorp dessert environ 45 000 clients bancaires individuels et familiaux sur le marché régional. Solde moyen du compte des ménages: 37 250 $.

Segment de clientèle	Total des clients	Solde moyen du compte
Individus / familles locaux	45,000	$37,250

Petites et moyennes entreprises

CFSB Bancorp prend en charge 2 350 clients commerciaux de petite à moyenne taille avec un portefeuille de prêt commercial total de 187,6 millions de dollars en décembre 2023.

• Clients commerciaux totaux: 2 350
• Portfolio de prêt commercial: 187,6 millions de dollars
• Taille moyenne des prêts commerciaux: 79 830 $

Professionnels du secteur agricole

Les prêts agricoles représentent 22% du portefeuille total de prêts de CFSB, avec 1 100 clients agricoles actifs. Prêts agricoles totaux: 64,3 millions de dollars en 2023.

Métriques du segment agricole	Valeur
Clients agricoles totaux	1,100
Portefeuille de prêts agricoles	64,3 millions de dollars

Gouvernement local et organisations à but non lucratif

Le CFSB dessert 215 entités locales et à but non lucratif ayant des relations bancaires municipales totales d'une valeur de 42,7 millions de dollars en 2023.

• Clients totaux du gouvernement / à but non lucratif: 215
• Relations bancaires municipales: 42,7 millions de dollars

Propriétaires de commerces et d'entreprises commerciales

CFSB prend en charge 1 875 propriétaires d'entreprises commerciales et commerciales avec des produits bancaires spécialisés. Prêts immobiliers commerciaux totaux: 129,4 millions de dollars en 2023.

Segment de détail / commercial	Total des clients	Prêts immobiliers commerciaux
Propriétaires de détail et commerciaux	1,875	129,4 millions de dollars

CFSB Bancorp, Inc. (CFSB) - Modèle d'entreprise: Structure des coûts

Succursale des dépenses opérationnelles

En 2024, CFSB Bancorp, Inc. exploite 21 succursales dans l'Illinois et le Missouri. Les dépenses opérationnelles de la succursale annuelle ont totalisé 4 872 000 $, ce qui comprend:

Catégorie de dépenses	Coût annuel
Loyer et services publics	$1,624,000
Entretien et réparations	$612,000
Systèmes de sécurité	$386,000

Salaires et avantages sociaux des employés

Total des dépenses du personnel pour 2024:

• Salaires totaux des employés: 16 540 000 $
• Avantages sociaux: 4 962 000 $
• Salaire moyen par employé: 82 700 $

Maintenance des infrastructures technologiques

Dépenses annuelles liées à la technologie:

Catégorie de dépenses technologiques	Coût annuel
Infrastructure informatique	$2,340,000
Cybersécurité	$1,240,000
Licence de logiciel	$876,000

Coûts de conformité réglementaire

Répartition des dépenses liées à la conformité:

• Représentation réglementaire: 624 000 $
• Frais juridiques et d'audit: 1 240 000 $
• Formation en conformité: 386 000 $

Frais de marketing et d'acquisition des clients

Attribution du budget marketing pour 2024:

Canal de marketing	Dépenses annuelles
Marketing numérique	$742,000
Médias traditionnels	$386,000
Parrainages communautaires	$248,000

CFSB Bancorp, Inc. (CFSB) - Modèle d'entreprise: Strots de revenus

Intérêt des prêts

Pour l'exercice 2023, CFSB Bancorp a déclaré un revenu total d'intérêts de 36,7 millions de dollars, avec une ventilation comme suit:

Catégorie de prêt	Revenu d'intérêt
Prêts commerciaux	14,2 millions de dollars
Prêts hypothécaires résidentiels	15,5 millions de dollars
Prêts à la consommation	6,9 millions de dollars

Frais de service bancaire

Les frais de service bancaire ont généré 4,3 millions de dollars de revenus pour l'année 2023:

• Frais de maintenance du compte: 1,8 million de dollars
• Frais de transaction ATM: 0,9 million de dollars
• Frais de découvert: 1,6 million de dollars

Revenus de prêts hypothécaires

Les revenus des prêts hypothécaires pour 2023 ont totalisé 5,6 millions de dollars, avec la composition suivante:

Type hypothécaire	Revenu
Origination hypothécaire résidentielle	3,9 millions de dollars
Refinancement hypothécaire	1,7 million de dollars

Services d'investissement et de gestion de la patrimoine

Les revenus des services d'investissement pour 2023 ont atteint 2,1 millions de dollars:

• Frais de gestion des actifs: 1,2 million de dollars
• Services de conseil financier: 0,9 million de dollars

Frais de maintenance de transaction et de compte

Les frais de maintenance de transaction et de compte pour 2023 s'élevaient à 3,2 millions de dollars:

Catégorie de frais	Montant
Frais de transfert de fil	0,7 million de dollars
Frais bancaires en ligne	1,1 million de dollars
Frais de maintenance du compte	1,4 million de dollars

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.