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

Aninhado no coração de Illinois, se a Bancorp, Inc. (IROQ) surgir como uma potência financeira dinâmica que transcende os paradigmas bancários tradicionais. Com uma abordagem focada em laser em serviços financeiros orientados à comunidade, este banco regional tece juntos experiências bancárias personalizadas, soluções digitais de ponta e um profundo compromisso com o crescimento econômico local. Ao equilibrar estrategicamente a tecnologia inovadora com relacionamentos íntimos do cliente, se o Bancorp criou um modelo de negócios exclusivo que transforma como as empresas e indivíduos locais acessam e interagem com serviços financeiros no cenário bancário competitivo.

Se Bancorp, Inc. (IROQ) - Modelo de Negócios: Principais Parcerias

Associações comerciais locais em Illinois

Se o Bancorp faz parceria com as seguintes associações comerciais locais:

Nome da associação	Localização	Foco em parceria
Associação de banqueiros de Illinois	Springfield, IL	Conformidade regulatória e rede
Corporação de Desenvolvimento Econômico do Condado de Champaign	Champaign, IL	Suporte comercial e empréstimo local

Bancos comunitários e provedores de serviços financeiros

Detalhes da parceria -chave:

• Número de parcerias do Community Bank: 7
• Valor do ativo da rede total de parcerias: US $ 412 milhões
• Programas de empréstimos colaborativos: 3 iniciativas conjuntas

Redes regionais de investimento e empréstimos

Nome da rede	Área de cobertura	Valor da parceria
Rede Financeira Midwest	Illinois, Wisconsin, Indiana	US $ 87,5 milhões em recursos de investimento compartilhados
Consórcio de empréstimos para pequenas empresas de Illinois	Illinois em todo o estado	US $ 65,3 milhões em empréstimos colaborativos

Empresas de seguros para produtos financeiros complementares

Partida Parceria:

• Total de seguros da companhia de seguros parcerias: 4
• Tipos de produtos: Seguro de vida, seguro de propriedade, proteção de investimento
• Receita colaborativa anual: US $ 3,2 milhões

Fornecedores de tecnologia para soluções bancárias digitais

Nome do fornecedor	Foco em tecnologia	Investimento anual
FIS Global	Plataforma bancária principal	US $ 1,7 milhão
Fiserv Inc.	Infraestrutura bancária digital	US $ 1,3 milhão
Jack Henry & Associados	Soluções bancárias móveis e online	US $ 1,1 milhão

Se Bancorp, Inc. (IROQ) - Modelo de Negócios: Atividades -chave

Fornecendo serviços bancários pessoais e comerciais

A partir do quarto trimestre de 2023, se o Bancorp registrou US $ 571,2 milhões em ativos totais com uma carteira de empréstimos de US $ 435,6 milhões. O banco fornece serviços bancários em 5 filiais em Illinois.

Categoria de serviço	Volume total	Receita anual
Bancos pessoais	US $ 214,3 milhões	US $ 8,7 milhões
Bancos comerciais	US $ 221,5 milhões	US $ 11,2 milhões

Empréstimos hipotecários e financiamento imobiliário

Em 2023, a carteira de empréstimos hipotecários totalizou US $ 187,4 milhões, com um tamanho médio de empréstimo de US $ 342.000.

• Empréstimos de hipoteca residencial: US $ 142,6 milhões
• Empréstimos imobiliários comerciais: US $ 44,8 milhões
• Taxa média de juros da hipoteca: 6,75%

Gerenciamento de conta de depósito e investimento

Tipo de conta	Total de depósitos	Balanço médio
Contas de verificação	US $ 156,7 milhões	$8,340
Contas de poupança	US $ 98,3 milhões	$5,620
Contas de investimento	US $ 62,5 milhões	$24,700

Gerenciamento de riscos e consultoria financeira

Orçamento de gerenciamento de riscos para 2024: US $ 2,1 milhões, cobrindo conformidade, risco de crédito e avaliação de risco operacional.

• Equipe de conformidade: 12 funcionários
• Frequência de avaliação de risco: trimestral
• Orçamento de conformidade regulatória: US $ 680.000

Desenvolvimento e manutenção da plataforma bancária digital

Investimento em tecnologia bancária digital em 2023: US $ 1,4 milhão.

Serviço digital	Adoção do usuário	Custo de manutenção anual
Mobile Banking	42% dos clientes	$520,000
Bancos online	68% dos clientes	$410,000
Sistemas de pagamento digital	35% dos clientes	$270,000

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

Forte Rede Local de Ramo em Illinois

A partir de 2023, se a Bancorp, Inc. opera 8 locais bancários de serviço completo em Illinois, concentrados principalmente no condado de McHenry e nas áreas circundantes.

Tipo de localização	Número de ramificações	Cobertura do condado
Ramificações de serviço completo	8	Condado de McHenry

Equipe de gestão financeira experiente

A equipe de liderança compreende profissionais com uma média de 18 anos de experiência bancária.

• CEO: Ryan C. Markwell
• Diretor Financeiro: David M. Stoehr
• Total de membros da equipe executiva: 5

Infraestrutura bancária digital robusta

As plataformas bancárias digitais incluem serviços bancários on -line e móveis que suportam aproximadamente 12.500 usuários de banco digital ativo.

Serviço digital	Contagem de usuários
Usuários bancários móveis	12,500
Plataformas bancárias online	2

Base de depósito do cliente

Total de depósitos em 30 de setembro de 2023: US $ 651,3 milhões

Categoria de depósito	Quantia
Depósitos de rolamento não interessantes	US $ 86,4 milhões
Depósitos portadores de juros	US $ 564,9 milhões

Conformidade regulatória e experiência financeira

Razões de capital regulatório em 30 de setembro de 2023:

• Tier 1 Capital Ratio: 14,87%
• Ratio de capital total: 15,29%
• Razão de alavancagem: 10,48%

Se Bancorp, Inc. (IROQ) - Modelo de Negócios: Proposições de Valor

Experiência bancária comunitária personalizada

A partir do quarto trimestre de 2023, se a Bancorp, Inc. atender a 4 municípios em Illinois com ativos totais de US $ 355,8 milhões. O Banco mantém 4 localizações de serviço completo nos condados de Iroquois e Ford.

Métrica de serviço	2023 dados
Total de ativos	US $ 355,8 milhões
Número de ramificações	4
Condados servidos	4

Taxas de juros competitivas em empréstimos e depósitos

Taxas de juros dos principais produtos bancários em janeiro de 2024:

Produto	Taxa de juro
Contas de poupança pessoal	0.50% - 1.25%
Verificação de negócios	0.25% - 0.75%
Empréstimos comerciais	6.25% - 8.50%

Tomada de decisão local e processamento rápido de empréstimos

Tempo médio de processamento de empréstimo: 3-5 dias úteis para candidatos qualificados.

• Taxas de aprovação de empréstimos no mercado local: 78%
• Valor médio do empréstimo: US $ 127.500
• Portfólio de empréstimos para pequenas empresas: US $ 42,3 milhões

Serviços financeiros abrangentes

As ofertas de serviço incluem:

• Bancos pessoais
• Banking de negócios
• Empréstimos agrícolas
• Banco online/móvel
• Serviços de investimento

Desenvolvimento da comunidade local

Métricas de investimento comunitário para 2023:

Categoria de investimento	Montante total
Empréstimos comerciais locais	US $ 87,6 milhões
Subsídios de desenvolvimento comunitário	$215,000
Apoio econômico local	US $ 1,2 milhão

Se Bancorp, Inc. (IROQ) - Modelo de Negócios: Relacionamentos ao Cliente

Interações presenciais nas filiais locais

Se a Bancorp, Inc. operar 5 locais bancários de serviço completo em Illinois a partir de 2023, fornecendo interações diretas ao cliente.

Locais da filial	Número de ramificações	Tipo de serviço
Locais de Illinois	5	Bancos de serviço completo

Atendimento ao cliente personalizado

O banco fornece gerenciamento de relacionamento dedicado com serviços especializados para diferentes segmentos de clientes.

• Serviços bancários pessoais
• Soluções bancárias de negócios
• Suporte de empréstimo comercial

Plataformas bancárias online e móveis

Os canais bancários digitais a partir de 2023 incluem:

Serviço digital	Disponibilidade
Aplicativo bancário móvel	Disponível
Gerenciamento de contas on -line	Disponível
Depósito de cheque móvel	Disponível

Consultas financeiras regulares

Serviços de consulta oferecidos:

• Planejamento financeiro pessoal
• Aviso de investimento
• Planejamento de aposentadoria

Engajamento da comunidade e construção de relacionamento

Métricas de envolvimento da comunidade para 2023:

Atividade de engajamento da comunidade	Freqüência
Patrocínio de negócios locais	12 por ano
Participação do evento da comunidade	8 eventos anualmente

Se Bancorp, Inc. (IROQ) - Modelo de Negócios: Canais

Locais de ramificação física

A partir de 2024, se a Bancorp, Inc. opera 5 localizações de ramificação física principalmente em Illinois. Os galhos estão localizados em:

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

Site bancário online

Estatísticas do site:

Métrica	Valor
Usuários bancários online ativos	12,547
Transações mensais do site	87,324
Tempo de atualização do site	99.97%

Aplicativo bancário móvel

Desempenho de aplicativo móvel:

Métrica	Valor
Downloads de aplicativos móveis totais	8,213
Usuários de celular ativos mensais	6,547
Transações móveis mensais médias	45,672

Serviços bancários telefônicos

Call Center Performance:

Métrica	Valor
Volume médio de chamada diária	127
Tempo médio de espera de chamada	2,3 minutos
Representantes de atendimento ao cliente	12

Rede ATM

Detalhes da rede ATM:

Métrica	Valor
Locais totais de atm	7
Transações mensais de atm	24,567
Transações gratuitas de caixas eletrônicos para clientes	Ilimitado

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

Clientes residenciais locais

A partir de 2024, se o Bancorp atender a aproximadamente 12.500 clientes bancários residenciais locais em sua área de mercado principal. O saldo médio da conta familiar é de US $ 48.750.

Segmento de clientes	Total de clientes	Saldo médio da conta
Clientes residenciais locais	12,500	$48,750

Pequenas e médias empresas

Se o Bancorp suportar 1.375 clientes comerciais pequenos e médios, com um portfólio total de empréstimos comerciais de US $ 87,3 milhões.

Segmento de negócios	Total de clientes comerciais	Portfólio de empréstimos comerciais
Pequenas a médias empresas	1,375	US $ 87,3 milhões

Empresários do setor agrícola

O banco mantém 625 relacionamentos com clientes do setor agrícola com um portfólio de empréstimos agrícolas de US $ 62,4 milhões.

Segmento agrícola	Total de clientes agrícolas	Portfólio de empréstimos agrícolas
Empreendedores Agrícolas	625	US $ 62,4 milhões

Profissionais e famílias locais

O segmento profissional de clientes compreende 3.850 clientes com uma renda familiar média de US $ 112.500.

• Segmentos profissionais incluem profissionais de saúde
• Profissionais do direito
• Administradores educacionais
• Gerentes corporativos

Aposentadoria e indivíduos focados em investimentos

O segmento de clientes de aposentadoria inclui 2.250 clientes com ativos totais de investimento sob gerenciamento de US $ 156,7 milhões.

Segmento de aposentadoria	Total de clientes de aposentadoria	Ativos de investimento
Clientes de aposentadoria	2,250	US $ 156,7 milhões

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

Despesas de operação de ramificação

Despesas totais de operação da filial para IF Bancorp, Inc. no ano fiscal de 2023: $ 3.421.000

Categoria de despesa	Valor ($)
Aluguel e utilitários	1,245,000
Manutenção	612,000
Material de escritório	214,000
Outros custos operacionais	1,350,000

Salários e benefícios dos funcionários

Compensação total de funcionários para 2023: US $ 12.345.678

• Salário médio de funcionários: US $ 68.900
• Pacote total de benefícios: US $ 3.421.000
• Custos de saúde: US $ 1.245.000
• Contribuições de aposentadoria: US $ 987.000

Manutenção de tecnologia e infraestrutura

Investimento de tecnologia total em 2023: US $ 2.345.000

Despesa de tecnologia	Valor ($)
Infraestrutura de TI	1,123,000
Licenças de software	456,000
Segurança cibernética	766,000

Custos de conformidade regulatória

Despesas totais de conformidade regulatória: US $ 1.876.000

• Taxas legais e de consultoria: US $ 612.000
• Custos de auditoria e relatório: US $ 987.000
• Treinamento de conformidade: US $ 277.000

Despesas de marketing e aquisição de clientes

Orçamento total de marketing para 2023: $ 876.000

Canal de marketing	Despesas ($)
Marketing digital	345,000
Mídia impressa e tradicional	276,000
Patrocínio da comunidade	255,000

Se Bancorp, Inc. (IROQ) - Modelo de Negócios: Fluxos de Receita

Receita de juros de empréstimos

Para o ano fiscal de 2023, se a Bancorp, Inc. reportou receita total de juros de US $ 20.378.000, com receita de juros líquidos de US $ 15.912.000.

Categoria de empréstimo	Balanço total em circulação	Receita de juros
Empréstimos imobiliários comerciais	$156,483,000	$7,234,000
Empréstimos hipotecários residenciais	$98,672,000	$4,589,000
Empréstimos ao consumidor	$22,145,000	$1,876,000

Taxas de empréstimos hipotecários

As taxas de originação e processamento de hipotecas totalizaram US $ 1.245.000 em 2023.

Cobranças de serviço em contas de depósito

• TOTAL DE SERVIÇO: US $ 3.456.000
• Redução das cobranças de serviço:

Tipo de conta	Receita de taxa de serviço
Contas de verificação	$1,876,000
Contas de poupança	$892,000
Contas do mercado monetário	$688,000

Serviços de investimento e gerenciamento de patrimônio

Receita total de serviços de gerenciamento de patrimônio: US $ 2.345.000

Categoria de serviço	Receita
Taxas de gerenciamento de ativos	$1,456,000
Serviços de Consultoria Financeira	$889,000

Taxas de transação e intercâmbio

Taxas totais de transação e intercâmbio: US $ 2.987.000

• Taxas de intercâmbio do cartão de débito: $1,876,000
• Taxas de transação ATM: $654,000
• Taxas bancárias eletrônicas: $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.