SR Bancorp Inc

For the period ended Dec 31, 2023. Filed Feb 14, 2024.

About 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.

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Contents

Condensed Consolidated Statements of (Loss) Income

Consolidated Statements of Income (Loss)

Three Months Ended December 31, · Six Months Ended December 31,
2023 · 2022 · 2023 · 2022
(Unaudited) · (Unaudited)
Interest Income
Loans, including fees	$10,186	$2,739		$13,941	$5,338
Securities:			—
Taxable	852	934		1,710	1,882
Non-taxable	—	—		—	—
Federal funds sold	71	—		81	—
Interest bearing deposits at other banks	1,177	220		2,097	390
Total interest income	12,286	3,893		17,829	7,610
Interest Expense
Deposits:
Demand	335	25		382	48
Savings and time	2,692	417		3,803	684
Borrowings	240	—		480	—
Total interest expense	3,267	442		4,665	732
Net Interest Income	9,019	3,451		13,164	6,878
Provision Expense (Credit) for Credit Losses	(107)	—		4,055	—
Net Interest (Expense) Income After Provision (Credit) For Credit Losses	9,126	3,451		9,109	6,878
Noninterest Income
Service charges and fees	212	182		383	345
Increase in cash surrender value of bank owned life insurance	233	162		408	328
Fees and service charges on loans	6	6		11	11
Unrealized gain on equity securities	5	2		2	2
Realized gain on sale of investments	31	—		14	—
Other	(122)	1		60	15
Total noninterest income	365	353		878	701
Noninterest Expense
Salaries and employee benefits	3,875	2,022		8,419	4,006
Occupancy	665	175		902	362
Furniture and equipment	228	132		389	270
Data Processing	634	297		1,441	598
Advertising	72	57		129	108
FDIC premiums	145	39		228	78
Directors fees	97	76		185	177
Professional fees	564	253		1,418	556
Insurance	108	43		224	85
Telephone, postage and supplies	97	80		181	156
Other	991	155		6,897	309
Total noninterest expense	7,476	3,329		20,413	6,705
Income (Loss) Before Income Tax Expense	2,015	475		(10,426)	874
Income Tax Expense (Benefit)	408	76		(1,535)	121
Net Income (Loss)	1,607	399		(8,891)	753
Basic earnings per share	$0.18	$—		$(1.81)	$—
Diluted earnings per share	$0.18	$—		$(1.81)	$—
Weighted average number of common shares outstanding - basic	8,767,897	—		4,907,229	—
Weighted average number of common shares outstanding - diluted	8,767,897	—		4,907,229	—

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.