SR Bancorp Inc
For the period ended Sep 30, 2024. Filed Nov 14, 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.
Sep 30, 2024 · Filed Nov 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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Consolidated Statements of Financial Condition
September 30, 2024 and June 30, 2024
| September 30, 2024 | June 30, 2024 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Cash and due from banks | $4,222 | $8,622 |
| Interest-bearing deposits at other banks | 43,076 | 37,287 |
| Total cash and cash equivalents | 47,298 | 45,909 |
| Securities held-to-maturity, at amortized cost | 152,516 | 156,144 |
| Equity securities, at fair value | 27 | 25 |
| Loans receivable, net of allowance for credit losses of $5,075 and $5,229, respectively | 767,717 | 731,859 |
| Premises and equipment, net | 5,204 | 5,419 |
| Right-of-use asset | 2,308 | 2,311 |
| Restricted equity securities, at cost | 2,131 | 1,231 |
| Accrued interest receivable | 2,800 | 2,695 |
| Bank owned life insurance | 37,353 | 37,093 |
| Goodwill and intangible assets | 27,755 | 28,141 |
| Other assets | 7,851 | 10,017 |
| Total assets | $1,052,960 | $1,020,844 |
| Liabilities and Equity | ||
| Liabilities | ||
| Deposits: | ||
| Noninterest-bearing | $102,476 | $108,026 |
| Interest-bearing | 716,908 | 699,074 |
| Total deposits | 819,384 | 807,100 |
| Borrowings | 20,000 | — |
| Advance payments by borrowers for taxes and insurance | 7,890 | 8,073 |
| Accrued interest payable | 292 | 149 |
| Lease liability | 2,405 | 2,403 |
| Other liabilities | 2,445 | 3,636 |
| Total liabilities | 852,416 | 821,361 |
| Equity | ||
| Common stock, $0.01 par value, 55,000,000 authorized; 9,441,642 and 9,507,930 shares issued and outstanding as of September 30, 2024, and June 30, 2024, respectively | 87 | 95 |
| Additional paid-in capital | 90,706 | 91,436 |
| Retained earnings | 117,572 | 116,205 |
| Unearned compensation ESOP | (6,941) | (7,036) |
| Accumulated other comprehensive loss | (880) | (1,217) |
| Total stockholders' equity | 200,544 | 199,483 |
| Total liabilities and stockholders' equity | $1,052,960 | $1,020,844 |
The accompanying notes are an integral part of the condensed consolidated financial statements
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