CFSB Bancorp, Inc. (CFSB): Modelo de Negócios Canvas [Jan-2025 Atualizado]

Mergulhe no intrincado mundo do CFSB Bancorp, Inc., uma instituição financeira dinâmica profundamente enraizada no cenário econômico do sul de Illinois. Esse modelo abrangente de negócios revela como esse banco focado na comunidade navega estrategicamente desafios no mercado local, misturando serviços bancários personalizados com tecnologias digitais de ponta. Do financiamento agrícola ao envolvimento abrangente da comunidade, a abordagem inovadora do CFSB demonstra um plano único para o sucesso bancário regional que vai muito além das transações financeiras tradicionais.

CFSB Bancorp, Inc. (CFSB) - Modelo de negócios: Parcerias -chave

Empresas e empresas comerciais locais no sul de Illinois

O CFSB Bancorp mantém parcerias estratégicas com empresas locais no sul de Illinois, com foco nos seguintes segmentos -chave:

Setor de negócios	Número de acordos de parceria	Volume total de negócios
Negócios de varejo	87	US $ 24,3 milhões
Empresas de manufatura	42	US $ 16,7 milhões
Provedores de serviços	63	US $ 12,9 milhões

Clientes do setor agrícola e agrícola

O CFSB Bancorp fornece serviços financeiros especializados a parceiros agrícolas:

• Carteira total de empréstimos agrícolas: US $ 89,4 milhões
• Número de parcerias agrícolas: 215
• Tamanho médio do empréstimo: US $ 416.279

Provedores regionais de serviços financeiros e fornecedores de tecnologia

Tipo de parceiro	Número de parcerias	Investimento de tecnologia anual
Processamento de pagamento	3	US $ 1,2 milhão
Software bancário principal	2	$875,000
Provedores de segurança cibernética	4	$650,000

Organizações comunitárias e câmaras de comércio

Detalhes da parceria com redes comunitárias locais:

• Total Community Organization Partnerships: 22
• Investimento comunitário anual: US $ 327.500
• Câmaras de associações de comércio: 8

Parceiros de Serviço de Seguros e Investimentos

Categoria de parceiro	Número de parcerias	Total de ativos gerenciados
Provedores de seguros	6	US $ 42,6 milhões
Empresas de gerenciamento de investimentos	4	US $ 78,3 milhões

CFSB Bancorp, Inc. (CFSB) - Modelo de negócios: Atividades -chave

Serviços bancários comerciais e de varejo

O CFSB Bancorp fornece serviços bancários com as seguintes métricas principais:

Categoria de serviço	Contas totais	Balanço médio
Contas de corrente pessoal	15,237	$4,562
Contas de corrente de negócios	3,412	$22,345
Contas de poupança	9,876	$7,890

Empréstimos hipotecários e financiamento imobiliário

Detalhes do portfólio de empréstimos hipotecários:

• Empréstimos hipotecários totais: US $ 287,6 milhões
• Origenas da hipoteca residencial: US $ 42,3 milhões
• Tamanho médio do empréstimo hipotecário: US $ 276.000
• Taxa de aprovação do empréstimo hipotecário: 68,4%

Gerenciamento de plataforma bancária digital

Serviço digital	Usuários totais	Transações mensais
Aplicativo bancário móvel	22,145	342,567
Bancos online	18,776	276,890
Pagamento da conta digital	15,432	187,654

Gerenciamento de relacionamento com o cliente

Métricas de desempenho do CRM:

• Base total de clientes: 37.521
• Taxa de retenção de clientes: 87,3%
• Frequência média de interação do cliente: 4,2 vezes por mês

Avaliação de risco e serviços de consultoria financeira

Categoria de gerenciamento de riscos	Volume total	Taxa de mitigação de risco
Avaliação de risco de crédito	US $ 456,7 milhões	92.1%
Aviso de investimento	US $ 123,4 milhões	85.6%
Monitoramento de conformidade	US $ 276,5 milhões	97.3%

CFSB Bancorp, Inc. (CFSB) - Modelo de negócios: Recursos -chave

Rede de filiais físicas no sul de Illinois

O CFSB Bancorp opera 18 locais bancários de serviço completo no sul de Illinois a partir de 2024. A rede de filiais cobre os seguintes municípios:

Condado	Número de ramificações
Condado de Williamson	5
Condado de Franklin	4
Condado de Saline	3
Outros condados do sul de Illinois	6

Profissionais bancários e financeiros experientes

A CFSB Bancorp emprega 215 profissionais bancários em período integral em 31 de dezembro de 2023, com uma experiência bancária média de 12,5 anos.

• Posse média dos funcionários: 7,3 anos
• Porcentagem de funcionários com certificações financeiras: 62%
• Experiência bancária média da equipe de gerenciamento: 18 anos

Infraestrutura de tecnologia bancária digital avançada

Recurso de tecnologia	Especificação
Usuários bancários online	42,500
Downloads de aplicativos bancários móveis	28,700
Volume de transação digital	1,2 milhão por trimestre

Forte reputação do mercado local

Participação de mercado nas áreas de serviço primário: 24,5% a partir de 2023

Portfólio de produtos financeiros diversificados

Categoria de produto	Valor total do portfólio
Empréstimos comerciais	US $ 287,4 milhões
Empréstimos ao consumidor	US $ 156,2 milhões
Empréstimos hipotecários	US $ 214,6 milhões
Portfólio total de empréstimos	US $ 658,2 milhões

CFSB Bancorp, Inc. (CFSB) - Modelo de negócios: proposições de valor

Experiência bancária comunitária personalizada

A partir do quarto trimestre 2023, o CFSB Bancorp atende 12 locais bancários no oeste do Kentucky, com uma base total de ativos de US $ 1,16 bilhão. O banco mantém uma base de clientes local de aproximadamente 45.000 detentores de contas.

Métrica de serviço	2023 dados
Total de locais bancários	12
Total de ativos	US $ 1,16 bilhão
Totistas totais de conta	45,000

Taxas de juros competitivas para empréstimos e depósitos

O CFSB oferece taxas competitivas em vários produtos financeiros:

Tipo de produto	Intervalo de taxa de juros (2024)
Contas de poupança pessoal	1.50% - 3.25%
Contas de corrente pessoal	0.25% - 1.75%
Empréstimos pessoais	6.50% - 12.99%
Empréstimos comerciais	5.75% - 10.25%

Tomada de decisão local e processamento rápido de empréstimos

Métricas de processamento de empréstimos:

• Tempo médio de aprovação do empréstimo: 3-5 dias úteis
• Tomada de decisão do comitê de empréstimos locais
• 98% das decisões de empréstimo tomadas na rede de filiais locais

Serviços financeiros abrangentes

O CFSB fornece uma ampla gama de produtos financeiros:

• Serviços bancários pessoais
• Soluções bancárias de negócios
• Empréstimos comerciais
• Gestão de patrimônio
• Banco online e móvel

Abordagem bancária orientada por relacionamento

Métricas de relacionamento com o cliente para 2023:

Métrica de relacionamento	Valor
Posse média do cliente	8,2 anos
Taxa de retenção de clientes	92%
Taxa de venda cruzada	2.3 Produtos por cliente

CFSB Bancorp, Inc. (CFSB) - Modelo de Negócios: Relacionamentos do Cliente

Interações presenciais nas filiais locais

A partir de 2024, o CFSB Bancorp mantém 12 locais de filiais físicas no oeste do Kentucky. Interações médias do cliente da filial diária: 87 por filial.

Tipo de ramificação	Número de ramificações	Visitas médias diárias de clientes
Filas de varejo	10	65
Filiais bancárias de negócios	2	22

Atendimento ao cliente personalizado

Métricas de atendimento ao cliente para 2024:

• Tempo médio de resposta: 12 minutos
• Taxa de satisfação do cliente: 94,3%
• Gerentes de relacionamento dedicados: 43 funcionários

Suporte bancário digital e plataformas online

Estatísticas de engajamento bancário digital:

Canal digital	Usuários ativos	Transações mensais
Aplicativo bancário móvel	22,567	378,945
Site bancário online	18,234	256,789

Engajamento da comunidade e eventos locais

Dados de interação da comunidade para 2024:

• Eventos locais patrocinados: 24
• Investimento comunitário: US $ 327.500
• Parcerias comerciais locais: 87

Gerenciamento de relacionamento para negócios e bancos pessoais

Repartição do gerenciamento de relacionamento:

Segmento de clientes	Total de clientes	Gerentes de relacionamento dedicados
Bancos pessoais	34,562	28
Banking de negócios	2,345	15

CFSB Bancorp, Inc. (CFSB) - Modelo de negócios: canais

Locais de ramificação física

A partir de 2024, o CFSB Bancorp mantém 12 localizações de ramificação física no oeste do Kentucky, concentrado especificamente em Caldwell, Crittenden, Lyon e condados vizinhos.

Condado	Número de ramificações
Condado de Caldwell	4
Condado de Crittenden	3
Condado de Lyon	2
Condados vizinhos	3

Site bancário online

A plataforma bancária on -line do CFSB Bancorp fornece Acesso digital 24/7 para contas de clientes.

• URL do site: www.cfsbank.com
• Volume de transações on -line: aproximadamente 45.000 transações mensais
• Base de usuário digital: mais de 18.000 clientes bancários online registrados

Aplicativo bancário móvel

O aplicativo móvel do banco suporta serviços bancários abrangentes.

Recurso de aplicativo móvel	Disponibilidade
Depósito de cheque móvel	Sim
Pagamento de contas	Sim
Transferir fundos	Sim
Alertas da conta	Sim

Serviços bancários telefônicos

O CFSB fornece suporte telefônico automatizado com suporte ao vivo durante o horário comercial.

• Banco de telefone automatizado: disponível 24/7
• Horário de atendimento ao cliente: 8:00 - 17:00 CST
• Tempo médio de resposta de chamada: 2,5 minutos

Rede ATM

O CFSB mantém uma rede de caixas eletrônicos em sua região de serviço.

Tipo de atm	Número total
Caixas eletrônicos de propriedade de bancos	15
Caixas eletrônicos de rede compartilhada	35
Pontos de acesso a caixas eletrônicos totais	50

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

Indivíduos e famílias locais

A partir do quarto trimestre 2023, o CFSB Bancorp atende a aproximadamente 45.000 clientes bancários individuais e familiares no mercado regional. Saldo médio da conta familiar: US $ 37.250.

Segmento de clientes	Total de clientes	Saldo médio da conta
Indivíduos/famílias locais	45,000	$37,250

Pequenas e médias empresas

O CFSB Bancorp suporta 2.350 clientes comerciais pequenos e médios com portfólio total de empréstimos comerciais de US $ 187,6 milhões em dezembro de 2023.

• Total de clientes comerciais: 2.350
• Portfólio de empréstimos comerciais: US $ 187,6 milhões
• Tamanho médio do empréstimo comercial: US $ 79.830

Profissionais do setor agrícola

Os empréstimos agrícolas representam 22% da carteira total de empréstimos do CFSB, com 1.100 clientes agrícolas ativos. Empréstimos agrícolas totais: US $ 64,3 milhões em 2023.

Métricas do segmento agrícola	Valor
Total de clientes agrícolas	1,100
Portfólio de empréstimos agrícolas	US $ 64,3 milhões

Governo local e organizações sem fins lucrativos

O CFSB atende a 215 entidades do governo local e sem fins lucrativos, com relações bancárias municipais totais, avaliadas em US $ 42,7 milhões em 2023.

• Total Government/sem fins lucrativos Clientes: 215
• Relacionamentos bancários municipais: US $ 42,7 milhões

Proprietários de empreendimentos comerciais e de varejo

O CFSB suporta 1.875 proprietários de empreendimentos comerciais e de varejo com produtos bancários especializados. Empréstimos imobiliários comerciais totais: US $ 129,4 milhões em 2023.

Segmento de varejo/comercial	Total de clientes	Empréstimos imobiliários comerciais
Proprietários de varejo e comerciais	1,875	US $ 129,4 milhões

CFSB Bancorp, Inc. (CFSB) - Modelo de negócios: estrutura de custos

Despesas operacionais de ramificação

A partir de 2024, a CFSB Bancorp, Inc. opera 21 locais de filiais em Illinois e Missouri. As despesas operacionais anuais da filial totalizaram US $ 4.872.000, que incluem:

Categoria de despesa	Custo anual
Aluguel e utilitários	$1,624,000
Manutenção e reparos	$612,000
Sistemas de segurança	$386,000

Salários e benefícios dos funcionários

Total de despesas de pessoal para 2024:

• Salários totais de funcionários: US $ 16.540.000
• Benefícios dos funcionários: US $ 4.962.000
• Salário médio por funcionário: US $ 82.700

Manutenção de infraestrutura de tecnologia

Despesas anuais relacionadas à tecnologia:

Categoria de despesa de tecnologia	Custo anual
Infraestrutura de TI	$2,340,000
Segurança cibernética	$1,240,000
Licenciamento de software	$876,000

Custos de conformidade regulatória

Repartição das despesas relacionadas à conformidade:

• Relatórios regulatórios: US $ 624.000
• Taxas legais e de auditoria: US $ 1.240.000
• Treinamento de conformidade: US $ 386.000

Despesas de marketing e aquisição de clientes

Alocação de orçamento de marketing para 2024:

Canal de marketing	Gasto anual
Marketing digital	$742,000
Mídia tradicional	$386,000
Patrocínio da comunidade	$248,000

CFSB Bancorp, Inc. (CFSB) - Modelo de negócios: fluxos de receita

Receita de juros de empréstimos

Para o ano fiscal de 2023, o CFSB Bancorp registrou receita total de juros de US $ 36,7 milhões, com uma quebra da seguinte maneira:

Categoria de empréstimo	Receita de juros
Empréstimos comerciais	US $ 14,2 milhões
Empréstimos hipotecários residenciais	US $ 15,5 milhões
Empréstimos ao consumidor	US $ 6,9 milhões

Taxas de serviço bancário

As taxas de serviço bancário geraram US $ 4,3 milhões em receita para o ano de 2023:

• Taxas de manutenção de conta: US $ 1,8 milhão
• Taxas de transação ATM: US $ 0,9 milhão
• Taxas de cheque especial: US $ 1,6 milhão

Receita de empréstimos hipotecários

As receitas de empréstimos hipotecários para 2023 totalizaram US $ 5,6 milhões, com a seguinte composição:

Tipo de hipoteca	Receita
Origem da hipoteca residencial	US $ 3,9 milhões
Refinanciamento de hipotecas	US $ 1,7 milhão

Serviços de investimento e gerenciamento de patrimônio

A receita de serviços de investimento para 2023 atingiu US $ 2,1 milhões:

• Taxas de gerenciamento de ativos: US $ 1,2 milhão
• Serviços de Consultoria Financeira: US $ 0,9 milhão

Taxas de transação e manutenção de contas

As taxas de transação e manutenção de contas para 2023 totalizaram US $ 3,2 milhões:

Categoria de taxa	Quantia
Taxas de transferência de fio	US $ 0,7 milhão
Taxas bancárias online	US $ 1,1 milhão
Taxas de manutenção de conta	US $ 1,4 milhão

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.