SR Bancorp Inc
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 14, 2024
SRBK$18.90-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Financial Condition
Consolidated Statements of Financial Condition
December 31, 2023 (Unaudited) and June 30, 2023
| December 31, | June 30, | |
|---|---|---|
| 2023 | 2023 | |
| (Unaudited) | ||
| Assets | ||
| Cash and due from banks | $15,160 | $8,657 |
| Interest-bearing deposits at other banks | 68,737 | 33,792 |
| Federal funds sold | 6,341 | — |
| Total cash and cash equivalents | 90,238 | 42,449 |
| Securities available-for-sale, at fair value | 34,783 | 36,076 |
| Securities held-to-maturity, at amortized cost | 165,190 | 171,185 |
| Equity securities, at fair value | 26 | 24 |
| Loans receivable, net of allowance for credit losses of $5,218 and $1,116, respectively | 695,751 | 362,252 |
| Premises and equipment, net | 5,131 | 3,546 |
| Right-of-use asset | 3,057 | 19 |
| Restricted equity securities, at cost | 1,274 | 726 |
| Accrued interest receivable | 2,548 | 1,189 |
| Bank owned life insurance | 36,594 | 28,714 |
| Goodwill and intangible assets | 29,032 | — |
| Other assets | 11,316 | 5,306 |
| Total assets | $1,074,940 | $651,486 |
| Liabilities and Equity | ||
| Liabilities | ||
| Deposits: | ||
| Noninterest-bearing | $120,808 | $40,687 |
| Interest-bearing | 722,503 | 463,230 |
| Total deposits | 843,311 | 503,917 |
| Borrowings | 20,000 | 20,000 |
| Advance payments by borrowers for taxes and insurance | 4,161 | 4,313 |
| Accrued interest payable | 907 | — |
| Lease liability | 3,137 | 19 |
| Other liabilities | 5,443 | 1,153 |
| Total liabilities | 876,959 | 529,402 |
| Equity | ||
| Common stock, $0.01 par value, 55,000,000 authorized; 9,507,930 and — shares issued, respectively | 95 | — |
| Additional paid-in capital | 91,449 | — |
| Retained earnings | 118,174 | 127,099 |
| Unearned compensation ESOP | (7,226) | — |
| Accumulated other comprehensive loss | (4,511) | (5,015) |
| Total stockholders' equity | 197,981 | 122,084 |
| Total liabilities and stockholders' equity | $1,074,940 | $651,486 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.