Winchester Bancorp, Inc./MD/
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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, 2024 · Filed Mar 27, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Surplus
Consolidated Stat ements of Changes in Surplus (unaudited)
Three Months Ended December 31, 2024 and 2023
| Surplus | AccumulatedOtherComprehensiveIncome (Loss) | TotalSurplus | |
|---|---|---|---|
| (In thousands) | |||
| Balance at September 30, 2024 | $81,462 | $(1,229) | $80,233 |
| Comprehensive income (loss) | 373 | (281) | 92 |
| Balance at December 31, 2024 | $81,835 | $(1,510) | 80,325 |
| Balance at September 30, 2023 | $81,521 | $(3,491) | $78,030 |
| Comprehensive income | 272 | 820 | 1,092 |
| Balance at December 31, 2023 | $81,793 | $(2,671) | $79,122 |
The accompanying notes are an integral part of these consolidated financial statements.
Consolidated Statements of Changes in Surplus (unaudited)
Six Months Ended December 31, 2024 and 2023
| Surplus | AccumulatedOtherComprehensiveIncome (Loss) | TotalSurplus | |
|---|---|---|---|
| (In thousands) | |||
| Balance at June 30, 2024 | $82,094 | $(1,806) | $80,288 |
| Comprehensive income (loss) | (259) | 296 | 37 |
| Balance at December 31, 2024 | $81,835 | $(1,510) | $80,325 |
| Balance at June 30, 2023 | $80,304 | $(3,258) | $77,046 |
| Cumulative effect of change in accounting principle (1) | 1,004 | — | 1,004 |
| Comprehensive income | 485 | 587 | 1,072 |
| Balance at December 31, 2023 | $81,793 | $(2,671) | $79,122 |
(1)
Represents adjustment needed to reflect cumulative impact on surplus pursuant to the Bank’s adoption of Accounting Standard Update 2016-13. The adjustment presented includes a $2.8 million ($2.0 million, net of tax) reduction in the allowance for credit losses related to loans, and a $1.4 million ($1.0 million, net of tax) increase in the reserve for off-balance sheet credit exposures resulting from the Bank’s adoption of the standard.
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