Winchester Bancorp, Inc./MD/
For the period ended Mar 31, 2025. Filed May 12, 2025.
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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, 2025 · Filed May 12, 2025
WSBK$13.67+0.4%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
Consolidated Statements of Operations (unaudited)
| Three months ended · Nine months ended | ||||
|---|---|---|---|---|
| March 31, | March 31, | |||
| 2025 | 2024 | 2025 | 2024 | |
| (In thousands) | ||||
| Interest and dividend income: | ||||
| Interest and fees on loans | $9,479 | $7,886 | $27,739 | $22,420 |
| Interest and dividends on securities | 744 | 660 | 2,266 | 1,619 |
| Interest on federal funds sold and other interest-bearing deposits | 390 | 496 | 1,347 | 1,296 |
| Total interest and dividend income | 10,613 | 9,042 | 31,352 | 25,335 |
| Interest expense: | ||||
| Interest on deposits | 4,681 | 4,311 | 14,633 | 11,362 |
| Interest on Federal Home Loan Bank advances | 1,559 | 1,264 | 4,547 | 3,169 |
| Total interest expense | 6,240 | 5,575 | 19,180 | 14,531 |
| Net interest income | 4,373 | 3,467 | 12,172 | 10,804 |
| Provision (benefit) for credit losses | (21) | 100 | 1,379 | 239 |
| Net interest income, after provision (benefit) for credit losses | 4,394 | 3,367 | 10,793 | 10,565 |
| Other income: | ||||
| Customer service fees | 167 | 161 | 535 | 502 |
| Income on bank owned life insurance | 115 | 65 | 351 | 197 |
| Loss on available for sale securities, net | — | — | — | (33) |
| Gain (loss) on marketable equity securities, net | (71) | 219 | 152 | 292 |
| Gain on sale of fixed assets | — | — | — | 314 |
| Miscellaneous | 88 | 33 | 150 | 96 |
| Total other income | 299 | 478 | 1,188 | 1,368 |
| Operating expenses: | ||||
| Salaries and employee benefits | 2,531 | 2,134 | 6,967 | 6,701 |
| Occupancy and equipment, net | 409 | 395 | 1,199 | 1,130 |
| Data processing | 356 | 305 | 1,008 | 827 |
| Deposit insurance | 210 | 128 | 638 | 319 |
| Marketing and advertising | 120 | 96 | 312 | 280 |
| Other general and administrative | 695 | 614 | 1,901 | 1,917 |
| Total operating expenses | 4,321 | 3,672 | 12,025 | 11,174 |
| Income (loss) before income taxes | 372 | 173 | (44) | 759 |
| Provision (benefit) for income taxes | 67 | (19) | (90) | 81 |
| Net income | $305 | $192 | $46 | $678 |
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