Si Bancorp, Inc. (IROQ): Canvas du modèle d'entreprise [Jan-2025 Mis à jour]

Niché au cœur de l'Illinois, si Bancorp, Inc. (IROQ) apparaît comme une puissance financière dynamique qui transcende les paradigmes bancaires traditionnels. Avec une approche axée sur le laser sur les services financiers axés sur la communauté, cette banque régionale tisse des expériences bancaires personnalisées, des solutions numériques de pointe et un engagement profond envers la croissance économique locale. En équilibrant stratégiquement la technologie innovante avec les relations clients intimes, si Bancorp a conçu un modèle commercial unique qui transforme la façon dont les entreprises et les particuliers locaux accèdent et interagissent avec les services financiers dans le paysage bancaire concurrentiel.

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

Associations d'entreprises locales dans l'Illinois

Si Bancorp s'associe aux associations commerciales locales suivantes:

Nom d'association	Emplacement	Focus de partenariat
Association des banquiers de l'Illinois	Springfield, IL	Conformité et réseautage réglementaires
Champaign County Economic Development Corporation	Champaign, IL	Soutien et prêt local

Banques communautaires et fournisseurs de services financiers

Détails clés du partenariat:

• Nombre de partenariats de banque communautaire: 7
• Valeur totale des actifs du réseau de partenariat: 412 millions de dollars
• Programmes de prêt collaboratif: 3 initiatives conjointes

Réseaux d'investissement régional et de prêt

Nom de réseau	Zone de couverture	Valeur de partenariat
Réseau financier du Midwest	Illinois, Wisconsin, Indiana	87,5 millions de dollars en ressources d'investissement partagées
Consortium de prêts aux petites entreprises de l'Illinois	Illinois dans tout l'État	65,3 millions de dollars en prêts collaboratifs

Compagnies d'assurance pour des produits financiers complémentaires

Répartition du partenariat:

• Partenariats totaux des compagnies d'assurance: 4
• Types de produits: Assurance-vie, assurance des biens, protection des investissements
• Revenus collaboratifs annuels: 3,2 millions de dollars

Vendeurs technologiques pour les solutions bancaires numériques

Nom du vendeur	Focus technologique	Investissement annuel
FIS Global	Plateforme bancaire de base	1,7 million de dollars
Fiserv Inc.	Infrastructure bancaire numérique	1,3 million de dollars
Jack Henry & Associés	Solutions bancaires mobiles et en ligne	1,1 million de dollars

Si Bancorp, Inc. (IROQ) - Modèle d'entreprise: Activités clés

Fournir des services bancaires personnels et commerciaux

Au quatrième trimestre 2023, si Bancorp a déclaré 571,2 millions de dollars d'actifs totaux avec un portefeuille de prêts de 435,6 millions de dollars. La banque fournit des services bancaires dans 5 succursales dans l'Illinois.

Catégorie de service	Volume total	Revenus annuels
Banque personnelle	214,3 millions de dollars	8,7 millions de dollars
Banque commerciale	221,5 millions de dollars	11,2 millions de dollars

Prêts hypothécaires et financement immobilier

En 2023, le portefeuille de prêts hypothécaires a totalisé 187,4 millions de dollars avec une taille de prêt moyenne de 342 000 $.

• Prêts hypothécaires résidentiels: 142,6 millions de dollars
• Prêts immobiliers commerciaux: 44,8 millions de dollars
• Taux d'intérêt hypothécaire moyen: 6,75%

Gestion des comptes de dépôt et d'investissement

Type de compte	Dépôts totaux	Équilibre moyen
Comptes chèques	156,7 millions de dollars	$8,340
Comptes d'épargne	98,3 millions de dollars	$5,620
Comptes d'investissement	62,5 millions de dollars	$24,700

Gestion des risques et avis financier

Budget de gestion des risques pour 2024: 2,1 millions de dollars, couvrant la conformité, le risque de crédit et l'évaluation des risques opérationnels.

• Personnel de conformité: 12 employés
• Fréquence d'évaluation des risques: trimestriel
• Budget de conformité réglementaire: 680 000 $

Développement et maintenance de la plate-forme bancaire numérique

Investissement en technologie bancaire numérique en 2023: 1,4 million de dollars.

Service numérique	Adoption des utilisateurs	Coût de maintenance annuel
Banque mobile	42% des clients	$520,000
Banque en ligne	68% des clients	$410,000
Systèmes de paiement numérique	35% des clients	$270,000

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

Strong Network Local Branch Network dans l'Illinois

En 2023, si Bancorp, Inc. exploite 8 sites bancaires à service complet dans l'Illinois, principalement concentrés dans le comté de McHenry et les régions environnantes.

Type d'emplacement	Nombre de branches	Couverture du comté
Branches à service complet	8	Comté de McHenry

Équipe de gestion financière expérimentée

L'équipe de direction comprend des professionnels avec une moyenne de 18 ans d'expérience bancaire.

• PDG: Ryan C. Markwell
• Directeur financier: David M. Stoehr
• Membres totaux de l'équipe de direction: 5

Infrastructure bancaire numérique robuste

Les plates-formes bancaires numériques comprennent les services bancaires en ligne et mobiles soutenant environ 12 500 utilisateurs de banque numérique actifs.

Service numérique	Nombre d'utilisateurs
Utilisateurs de la banque mobile	12,500
Plateformes bancaires en ligne	2

Base de dépôt client

Dépôts totaux au 30 septembre 2023: 651,3 millions de dollars

Catégorie de dépôt	Montant
Dépôts d'intérêt sans intérêt	86,4 millions de dollars
Dépôts porteurs d'intérêt	564,9 millions de dollars

Conformité réglementaire et expertise financière

Ratios de capital réglementaire au 30 septembre 2023:

• Ratio de capital de niveau 1: 14,87%
• Ratio de capital total: 15,29%
• Ratio de levier: 10,48%

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

Expérience bancaire communautaire personnalisée

Au quatrième trimestre 2023, si Bancorp, Inc. dessert 4 comtés de l'Illinois avec un actif total de 355,8 millions de dollars. La banque maintient 4 succursales à service complet dans les comtés d'Iroquois et de Ford.

Métrique de service	2023 données
Actif total	355,8 millions de dollars
Nombre de branches	4
Les comtés servis	4

Taux d'intérêt concurrentiels sur les prêts et les dépôts

Taux d'intérêt pour les principaux produits bancaires en janvier 2024:

Produit	Taux d'intérêt
Comptes d'épargne personnels	0.50% - 1.25%
Vérification des affaires	0.25% - 0.75%
Prêts commerciaux	6.25% - 8.50%

Prise de décision locale et traitement rapide des prêts

Temps de traitement des prêts moyen: 3-5 jours ouvrables pour les candidats qualifiés.

• Taux d'approbation des prêts sur le marché local: 78%
• Montant moyen du prêt: 127 500 $
• Portfolio de prêts aux petites entreprises: 42,3 millions de dollars

Services financiers complets

Les offres de services comprennent:

• Banque personnelle
• Banque d'affaires
• Prêts agricoles
• Banque en ligne / mobile
• Services d'investissement

Développement communautaire local

Mesures d'investissement communautaire pour 2023:

Catégorie d'investissement	Montant total
Prêts commerciaux locaux	87,6 millions de dollars
Subventions au développement communautaire	$215,000
Soutien économique local	1,2 million de dollars

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

Interactions en face à face dans les succursales locales

Si Bancorp, Inc. exploite 5 emplacements bancaires à service complet dans l'Illinois à partir de 2023, fournissant des interactions clients directes.

Succursales	Nombre de branches	Type de service
Emplacements de l'Illinois	5	Banque complet

Service client personnalisé

La banque fournit une gestion des relations dédiée avec des services spécialisés pour différents segments de clients.

• Services bancaires personnels
• Solutions bancaires d'entreprise
• Soutien aux prêts commerciaux

Plateformes bancaires en ligne et mobiles

Les canaux bancaires numériques à partir de 2023 incluent:

Service numérique	Disponibilité
Application bancaire mobile	Disponible
Gestion de compte en ligne	Disponible
Dépôt de chèques mobiles	Disponible

Consultations financières régulières

Services de consultation offerts:

• Planification financière personnelle
• Avis d'investissement
• Planification de la retraite

Engagement communautaire et respect des relations

Métriques d'implication communautaire pour 2023:

Activité d'engagement communautaire	Fréquence
Parrainages commerciaux locaux	12 par an
Participation des événements communautaires	8 événements par an

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

Emplacements de branche physiques

En 2024, si Bancorp, Inc. exploite 5 emplacements de succursales physiques principalement dans l'Illinois. Les succursales sont situées dans:

• Métamora, il
• Peoria, il
• Morton, IL
• East Peoria, IL
• Washington, IL

Site Web de banque en ligne

Statistiques du site Web:

Métrique	Valeur
Utilisateurs bancaires en ligne actifs	12,547
Transactions mensuelles sur le site Web	87,324
Time de disponibilité du site Web	99.97%

Application bancaire mobile

Performances de l'application mobile:

Métrique	Valeur
Téléchargements totaux d'applications mobiles	8,213
Utilisateurs mobiles actifs mensuels	6,547
Transactions mobiles mensuelles moyennes	45,672

Services bancaires téléphoniques

Performance du centre d'appel:

Métrique	Valeur
Volume moyen d'appels quotidiens	127
Temps d'attente d'appel moyen	2,3 minutes
Représentants du service à la clientèle	12

Réseau ATM

Détails du réseau ATM:

Métrique	Valeur
Emplacements totaux ATM	7
Transactions ATM mensuelles	24,567
Transactions ATM gratuites pour les clients	Illimité

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

Clients résidentiels locaux

En 2024, si Bancorp dessert environ 12 500 clients locaux de la banque résidentielle dans sa principale zone de marché. Le solde moyen du compte des ménages est de 48 750 $.

Segment de clientèle	Total des clients	Solde moyen du compte
Clients résidentiels locaux	12,500	$48,750

Petites et moyennes entreprises

Si Bancorp prend en charge 1 375 clients commerciaux de petite à moyenne taille avec un portefeuille de prêts commerciaux total de 87,3 millions de dollars.

Segment d'entreprise	Clients commerciaux totaux	Portefeuille de prêts commerciaux
Petites et moyennes entreprises	1,375	87,3 millions de dollars

Entrepreneurs du secteur agricole

La banque maintient 625 relations avec les clients du secteur agricole avec un portefeuille de prêts agricoles de 62,4 millions de dollars.

Segment agricole	Clients agricoles totaux	Portefeuille de prêts agricoles
Entrepreneurs agricoles	625	62,4 millions de dollars

Professionnels et familles locaux

Le segment de clientèle professionnel comprend 3 850 clients avec un revenu moyen des ménages de 112 500 $.

• Les segments professionnels incluent les travailleurs de la santé
• Professionnels du droit
• Administrateurs éducatifs
• Chefs d'entreprise

La retraite et les individus axés sur les investissements

Le segment des clients de retraite comprend 2 250 clients avec un actif d'investissement total sous gestion de 156,7 millions de dollars.

Segment de la retraite	Clients totaux de retraite	Actifs d'investissement
Clients de la retraite	2,250	156,7 millions de dollars

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

Dépenses de fonctionnement de la succursale

Total des dépenses d'exploitation de la succursale pour If Bancorp, Inc. au cours de l'exercice 2023: 3 421 000 $

Catégorie de dépenses	Montant ($)
Loyer et services publics	1,245,000
Entretien	612,000
Fournitures de bureau	214,000
Autres coûts opérationnels	1,350,000

Salaires et avantages sociaux des employés

Compensation totale des employés pour 2023: 12 345 678 $

• Salaire moyen des employés: 68 900 $
• Total des avantages sociaux: 3 421 000 $
• Coûts de soins de santé: 1 245 000 $
• Contributions de retraite: 987 000 $

Maintenance de technologie et d'infrastructure

Investissement total technologique en 2023: 2 345 000 $

Dépenses technologiques	Montant ($)
Infrastructure informatique	1,123,000
Licences logicielles	456,000
Cybersécurité	766,000

Coûts de conformité réglementaire

Total des frais de conformité réglementaire: 1 876 000 $

• Frais juridiques et de consultation: 612 000 $
• Coûts d'audit et de rapport: 987 000 $
• Formation en conformité: 277 000 $

Frais de marketing et d'acquisition des clients

Budget marketing total pour 2023: 876 000 $

Canal de marketing	Dépenses ($)
Marketing numérique	345,000
Impression et médias traditionnels	276,000
Parrainages communautaires	255,000

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

Intérêt des prêts

Pour l'exercice 2023, si Bancorp, Inc. a déclaré un revenu total d'intérêts de 20 378 000 $, avec un revenu d'intérêt net de 15 912 000 $.

Catégorie de prêt	Solde total en suspens	Revenu d'intérêt
Prêts immobiliers commerciaux	$156,483,000	$7,234,000
Prêts hypothécaires résidentiels	$98,672,000	$4,589,000
Prêts à la consommation	$22,145,000	$1,876,000

Frais de prêt hypothécaire

Les frais d'origine et de traitement des prêts hypothécaires ont totalisé 1 245 000 $ en 2023.

Frais de service sur les comptes de dépôt

• Frais de service total: 3 456 000 $
• Répartition des frais de service:

Type de compte	Revenus de frais de service
Comptes chèques	$1,876,000
Comptes d'épargne	$892,000
Comptes de marché monétaire	$688,000

Services d'investissement et de gestion de la patrimoine

Revenus totaux des services de gestion de patrimoine: 2 345 000 $

Catégorie de service	Revenu
Frais de gestion des actifs	$1,456,000
Services de conseil financier	$889,000

Frais de transaction et d'échange

Total des frais de transaction et d'échange: 2 987 000 $

• Frais d'échange de carte de débit: $1,876,000
• Frais de transaction ATM: $654,000
• Frais bancaires électroniques: $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.