Winchester Bancorp, Inc./MD/
For the period ended Mar 31, 2025. Filed May 12, 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.
Mar 31, 2025 · Filed May 12, 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 March 31, 2025 and 2024
| Surplus | AccumulatedOtherComprehensiveIncome (Loss) | TotalSurplus | |
|---|---|---|---|
| (In thousands) | |||
| Balance at December 31, 2024 | $81,835 | $(1,510) | $80,325 |
| Comprehensive income | 305 | 284 | 589 |
| Balance at March 31, 2025 | $82,140 | $(1,226) | 80,914 |
| Balance at December 31, 2023 | $81,794 | $(2,671) | $79,123 |
| Comprehensive income (loss) | 192 | (7) | 185 |
| Balance at March 31, 2024 | $81,986 | $(2,678) | $79,308 |
The accompanying notes are an integral part of these consolidated financial statements.
Consolidated Statements of Changes in Surplus (unaudited)
Nine Months Ended March 31, 2025 and 2024
| Surplus | AccumulatedOtherComprehensiveIncome (Loss) | TotalSurplus | |
|---|---|---|---|
| (In thousands) | |||
| Balance at June 30, 2024 | $82,094 | $(1,806) | $80,288 |
| Comprehensive income | 46 | 580 | 626 |
| Balance at March 31, 2025 | $82,140 | $(1,226) | $80,914 |
| 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 | 678 | 580 | 1,258 |
| Balance at March 31, 2024 | $81,986 | $(2,678) | $79,308 |
(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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