SR Bancorp Inc
For the period ended Mar 31, 2024. Filed May 15, 2024.
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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.
Mar 31, 2024 · Filed May 15, 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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Condensed Consolidated Statements of (Loss) Income
Consolidated Statements of Income (Loss)
| Three Months Ended March 31, | Nine Months Ended March 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (Unaudited) · (Unaudited) | ||||
| Interest Income | ||||
| Loans, including fees | $9,819 | $2,918 | $23,760 | $8,256 |
| Securities: | ||||
| Taxable | 779 | 933 | 2,489 | 2,815 |
| Federal funds sold | 76 | — | 157 | — |
| Interest bearing deposits at other banks | 974 | 235 | 3,071 | 625 |
| Total interest income | 11,648 | 4,086 | 29,477 | 11,696 |
| Interest Expense | ||||
| Deposits: | ||||
| Demand | 122 | 25 | 504 | 73 |
| Savings and time | 3,031 | 588 | 6,834 | 1,272 |
| Borrowings | 227 | — | 707 | — |
| Total interest expense | 3,380 | 613 | 8,045 | 1,345 |
| Net Interest Income | 8,268 | 3,473 | 21,432 | 10,351 |
| (Credit) Provision for Credit Losses | (142) | — | 3,913 | — |
| Net Interest Income After (Credit) Provision for Credit Losses | 8,410 | 3,473 | 17,519 | 10,351 |
| Noninterest Income | ||||
| Service charges and fees | 193 | 157 | 576 | 502 |
| Increase in cash surrender value of bank owned life insurance | 247 | 155 | 655 | 483 |
| Fees and service charges on loans | 36 | 5 | 47 | 16 |
| Unrealized gain (loss) on equity securities | 1 | (3) | 3 | (1) |
| Realized gain (loss) on sale of investments | 19 | (119) | 33 | (119) |
| Other | 20 | 15 | 80 | 30 |
| Total noninterest income | 516 | 210 | 1,394 | 911 |
| Noninterest Expense | ||||
| Salaries and employee benefits | 3,631 | 2,024 | 12,050 | 6,030 |
| Occupancy | 772 | 186 | 1,674 | 548 |
| Furniture and equipment | 285 | 136 | 674 | 406 |
| Data Processing | 951 | 302 | 2,392 | 900 |
| Advertising | 75 | 47 | 204 | 155 |
| FDIC premiums | 120 | 39 | 348 | 117 |
| Directors fees | 103 | 81 | 288 | 258 |
| Professional fees | 357 | 358 | 1,775 | 914 |
| Insurance | 165 | 37 | 389 | 122 |
| Telephone, postage and supplies | 210 | 75 | 391 | 231 |
| Other | 902 | 124 | 7,799 | 433 |
| Total noninterest expense | 7,571 | 3,409 | 27,984 | 10,114 |
| Income (Loss) Before Income Tax Expense | 1,355 | 274 | (9,071) | 1,148 |
| Income Tax Expense (Benefit) | 292 | 14 | (1,243) | 135 |
| Net Income (Loss) | 1,063 | 260 | (7,828) | 1,013 |
| Basic earnings (loss) per share | $0.12 | $— | $(1.27) | $— |
| Diluted earnings (loss) per share | $0.12 | $— | $(1.27) | $— |
| Weighted average number of common shares outstanding - basic | 8,790,082 | — | 6,187,588 | — |
| Weighted average number of common shares outstanding - diluted | 8,790,082 | — | 6,187,588 | — |
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