Consumers Bancorp Files 2024 10-K
Ticker: CBKM · Form: 10-K · Filed: Sep 6, 2024 · CIK: 1006830
Sentiment: neutral
Topics: 10-K, annual-report, financials, banking
TL;DR
Consumers Bancorp filed its 2024 10-K. Bank's financials are out.
AI Summary
Consumers Bancorp Inc. /OH/ filed its 10-K for the fiscal year ending June 30, 2024. The company, a national commercial bank, reported its financial performance and condition. Key financial data points and business operations are detailed within the filing, providing stakeholders with a comprehensive overview of the bank's status as of June 30, 2024.
Why It Matters
This filing provides investors and analysts with the official financial health and operational details of Consumers Bancorp Inc. for the fiscal year 2024, crucial for investment decisions.
Risk Assessment
Risk Level: low — The filing is a standard annual report for a publicly traded company and does not indicate any immediate or unusual risks.
Key Numbers
- 2024-06-30 — Fiscal Year End (The end date for the reporting period.)
- 2024-09-06 — Filing Date (The date the 10-K was submitted to the SEC.)
Key Players & Entities
- CONSUMERS BANCORP INC /OH/ (company) — Filer of the 10-K
- 0630 (date) — Fiscal year end date
- 20240630 (date) — Period of report
- 20240906 (date) — Filing date
- 3308687701 (dollar_amount) — Business phone number
FAQ
What is the primary business of Consumers Bancorp Inc. /OH/?
Consumers Bancorp Inc. /OH/ is classified under NATIONAL COMMERCIAL BANKS [6021].
What is the fiscal year end for Consumers Bancorp Inc.?
The fiscal year end for Consumers Bancorp Inc. is 0630.
When was this 10-K filing submitted to the SEC?
This 10-K filing was submitted on 20240906.
What is the state of incorporation for Consumers Bancorp Inc.?
The state of incorporation for Consumers Bancorp Inc. is OH (Ohio).
What is the business address of Consumers Bancorp Inc.?
The business address is 614 E LINCOLN WAY, PO BOX 256, MINERVA, OH 44657-2096.
Filing Stats: 4,429 words · 18 min read · ~15 pages · Grade level 17.5 · Accepted 2024-09-06 13:35:38
Key Financial Figures
- $10 billion — ter than 9 percent, (ii) have less than $10 billion in average total consolidated assets, (
Filing Documents
- cbkm20240630_10k.htm (10-K) — 3352KB
- ex_720185.htm (EX-21) — 1KB
- ex_720186.htm (EX-23) — 3KB
- ex_720187.htm (EX-31.1) — 13KB
- ex_720188.htm (EX-31.2) — 13KB
- ex_720189.htm (EX-32.1) — 5KB
- ex_720190.htm (EX-97) — 13KB
- 0001437749-24-028613.txt ( ) — 17055KB
- cbkm-20240630.xsd (EX-101.SCH) — 105KB
- cbkm-20240630_def.xml (EX-101.DEF) — 731KB
- cbkm-20240630_lab.xml (EX-101.LAB) — 638KB
- cbkm-20240630_pre.xml (EX-101.PRE) — 794KB
- cbkm-20240630_cal.xml (EX-101.CAL) — 101KB
- cbkm20240630_10k_htm.xml (XML) — 4076KB
—Risk Factors
Item 1A—Risk Factors 8
—Unresolved Staff Comments
Item 1B—Unresolved Staff Comments 8
—Cybersecurity
Item 1C—Cybersecurity 8
—Properties
Item 2—Properties 10
—Legal Proceedings
Item 3—Legal Proceedings 10
—Mine Safety Disclosures
Item 4—Mine Safety Disclosures 10 PART II.
—Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities
Item 5—Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities 11
—Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 7—Management's Discussion and Analysis of Financial Condition and Results of Operations 12
—Quantitative and Qualitative Disclosures About Market Risk
Item 7A—Quantitative and Qualitative Disclosures About Market Risk 24
—Financial Statements and Supplementary Data
Item 8—Financial Statements and Supplementary Data 25
—Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
Item 9—Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 62
—Controls and Procedures
Item 9A—Controls and Procedures 62
—Other Information
Item 9B—Other Information 62
—Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Item 9C—Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 62 PART III.
—Directors, Executive Officers and Corporate Governance
Item 10—Directors, Executive Officers and Corporate Governance 63
—Executive Compensation
Item 11—Executive Compensation 63
—Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item 12—Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 63
—Certain Relationships and Related Transactions, and Director Independence
Item 13—Certain Relationships and Related Transactions, and Director Independence 63
—Principal Accountant Fees and Services
Item 14—Principal Accountant Fees and Services 63 PART IV.
—Exhibits and Financial Statement Schedules
Item 15—Exhibits and Financial Statement Schedules 64
—Form 10-K Summary
Item 16—Form 10-K Summary 64
Signatures
Signatures 66 PART I
— Business
Item 1 — Business (Dollars in thousands, except per share data) General Consumers Bancorp, Inc. (Company) is a bank holding company as defined under the Bank Holding Company Act of 1956, as amended (BHCA), and is a registered bank holding company under that act and was incorporated under the laws of the State of Ohio in 1994. In February 1995, the Company acquired all the issued and outstanding capital stock of Consumers National Bank (Bank), a bank chartered under the laws of the United States of America. The Company's activities have been limited primarily to holding the common stock of the Bank. Consumers National Bank is a community-oriented financial institution that offers a wide range of commercial and consumer loan and deposit products, as well as mortgage, financial planning and investment services to individuals, farmers and small and medium sized businesses in our markets. Since 1965, the Bank's main office has been serving Minerva, Ohio, and surrounding areas from its location at 614 East Lincoln Way, Minerva, Ohio. The Bank seeks to be the provider of choice for financial solutions to customers who value exceptional personalized service, local decision making, and modern banking technology. The Bank's business involves attracting deposits from businesses and individual customers and using such deposits to originate commercial, mortgage and consumer loans in its market area, consisting primarily of Carroll, Columbiana, Jefferson, Mahoning, Stark, and Summit counties in Ohio. Its market includes these counties as well as the contiguous counties in northeast Ohio, western Pennsylvania, and northern West Virginia. As of June 30, 2024, the Bank had 21 full-service branch locations and one loan production office. The Bank also invests in securities consisting primarily of obligations of U.S. government-sponsored agencies, municipal obligations, and mortgage-backed securities issued by U.S. government sponsored entities. Supervision and Regulation Th