Consumers Bancorp Inc. Files Q2 FY25 10-Q
Ticker: CBKM · Form: 10-Q · Filed: Feb 7, 2025 · CIK: 1006830
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report, banking
Related Tickers: CBKM
TL;DR
CBKM filed its Q2 2025 10-Q, check financials for latest bank performance.
AI Summary
Consumers Bancorp Inc. (OH) filed its 10-Q for the period ending December 31, 2024. The filing covers the second quarter of fiscal year 2025. Key financial data and business operations for the period are detailed, though specific dollar amounts for revenue, net income, or assets are not immediately available in this excerpt.
Why It Matters
This filing provides investors and analysts with an update on Consumers Bancorp's financial performance and position as of the end of 2024, crucial for understanding the bank's stability and growth trajectory.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures for a publicly traded company.
Key Numbers
- 2024-12-31 — Reporting Period End Date (Indicates the end of the fiscal quarter being reported.)
- 20250207 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- CONSUMERS BANCORP INC /OH/ (company) — Filer of the 10-Q
- 20241231 (date) — End of the reporting period
- 20250207 (date) — Filing date
- 033-79130 (dollar_amount) — SEC File Number
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is December 31, 2024, covering the second quarter of fiscal year 2025.
When was this 10-Q filed with the SEC?
This 10-Q was filed on February 7, 2025.
What is the company's full name and state of incorporation?
The company's full name is CONSUMERS BANCORP INC /OH/, and it is incorporated in Ohio (OH).
What is the Standard Industrial Classification (SIC) code for Consumers Bancorp Inc.?
The SIC code for Consumers Bancorp Inc. is 6021, which corresponds to NATIONAL COMMERCIAL BANKS.
What is the SEC file number associated with this filing?
The SEC file number associated with this filing is 033-79130.
Filing Stats: 4,475 words · 18 min read · ~15 pages · Grade level 18.4 · Accepted 2025-02-07 12:45:44
Filing Documents
- cbkm20241231_10q.htm (10-Q) — 3059KB
- ex_773422.htm (EX-31.1) — 13KB
- ex_773423.htm (EX-31.2) — 13KB
- ex_773424.htm (EX-32.1) — 8KB
- 0001437749-25-003134.txt ( ) — 13875KB
- cbkm-20241231.xsd (EX-101.SCH) — 55KB
- cbkm-20241231_def.xml (EX-101.DEF) — 371KB
- cbkm-20241231_lab.xml (EX-101.LAB) — 335KB
- cbkm-20241231_pre.xml (EX-101.PRE) — 404KB
- cbkm-20241231_cal.xml (EX-101.CAL) — 62KB
- cbkm20241231_10q_htm.xml (XML) — 4111KB
– Financial Information
Part I – Financial Information
– Financial Statements
Item 1 – Financial Statements Consolidated Balance Sheets at December 31, 2024 and June 30, 2024 1 Consolidated Statements of Income for the three and six months ended December 31, 2024 and 2023 (unaudited) 2 Consolidated Statements of Comprehensive Income for the three and six months ended December 31, 2024 and 2023 (unaudited) 3 4-5 Condensed Consolidated Statements of Cash Flows for the three and six months ended December 31, 2024 and 2023 (unaudited) 6 Notes to the Consolidated Financial Statements (unaudited) 7-24
– Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2 – Management's Discussion and Analysis of Financial Condition and Results of Operations 25-33
– Not Applicable for Smaller Reporting Companies
Item 3 – Not Applicable for Smaller Reporting Companies
– Controls and Procedures
Item 4 – Controls and Procedures 34
– Other Information
Part II – Other Information
– Legal Proceedings
Item 1 – Legal Proceedings 35
– Not Applicable for Smaller Reporting Companies
Item 1A – Not Applicable for Smaller Reporting Companies 35
– Unregistered Sales of Equity Securities and Use of Proceeds
Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds 35
– Defaults Upon Senior Securities
Item 3 – Defaults Upon Senior Securities 35 ,
– Mine Safety Disclosure
Item 4 – Mine Safety Disclosure 35
– Other Information
Item 5 – Other Information 35
– Exhibits
Item 6 – Exhibits 35
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
– Financial Statements
Item 1 – Financial Statements CONSUMERS BANCORP, INC. CONSOLIDATED BALANCE SHEETS (Dollars in thousands, except per share data) December 31, 2024 (unaudited) June 30, 2024 ASSETS Cash on hand and noninterest-bearing deposits in financial institutions $ 20,354 $ 17,709 Federal funds sold and interest-bearing deposits in financial institutions 28 14 Total cash and cash equivalents 20,382 17,723 Securities, available-for-sale 269,905 264,802 Securities, held-to-maturity (fair value of $ 5,294 at December 31, 2024 and $ 5,530 at June 30, 2024) 5,504 6,054 Equity securities, at fair value 381 381 Federal bank and other restricted stocks, at cost 2,072 2,186 Loans held for sale 718 908 Total loans 762,795 759,114 Less allowance for credit losses ( 7,844 ) ( 7,930 ) Net loans 754,951 751,184 Cash surrender value of life insurance 13,067 10,500 Premises and equipment, net 18,625 16,927 Goodwill 2,452 2,452 Core deposit intangible, net 329 357 Accrued interest receivable and other assets 22,807 23,615 Total assets $ 1,111,193 $ 1,097,089 LIABILITIES Deposits Noninterest-bearing demand $ 231,345 $ 225,087 Interest bearing demand 150,078 142,261 Savings 352,480 351,305 Time 263,755 254,327 Total deposits 997,658 972,980 Short-term borrowings 20,868 30,007 Federal Home Loan Bank advances 8,076 13,709 Accrued interest and other liabilities 15,051 16,708 Total liabilities 1,041,653 1,033,404 Commitments and contingent liabilities — — SHAREHOLDERS' EQUITY Preferred stock ( no par value, 350,000 shares authorized, none outstanding) — — Common stock ( no par value, 8,500,000 shares authorized; 3,180,572 and 3,172,227 shares issued as of December 31, 2024 and June 30, 2024, respectively) 21,521 21,178 Retained earnings 74,867 71,534 Treasury stock, at cost ( 48,639 common shares as of December 31, 2024 and Jun