Here are the 10-K annual reports from IF Bancorp, Inc. (IROQ) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow IROQ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IROQ filings page.
IF Bancorp, Inc. (IROQ) filed Amendment No. 1 to its annual report to present Part III information, as it will not file a definitive proxy within 120 days of June 30, 2025. The amendment includes new Section 302 officer certifications; it does not update financial statements.
The Board has nine directors in staggered three-year terms and has a Lead Independent Director. Audit, Compensation, and Nominating committees are composed solely of independent directors. As of September 4, 2025, shares outstanding were 3,351,526. The aggregate market value of non‑affiliate equity was $56,138,000 as of December 31, 2024.
Named executive officers for 2025 were Walter H. Hasselbring, III (CEO), Pamela J. Verkler (CFO), and Thomas J. Chamberlain (President). 2025 total compensation was $846,225 for the CEO (including non‑equity incentive $282,064), $606,344 for the CFO, and $512,019 for the President. The pay-versus-performance table shows a year-end value of a $100 investment of $134 for 2025 and net income of $4,304 thousand.
IF Bancorp, Inc. (IROQ) filed a Form 10-K presenting consolidated audited financial statements for the years ended June 30, 2025 and 2024. The filing includes audited balance sheets and statements of income showing total assets of 887,659, loans reported net of allowances with an allowance for credit losses of 6,627 at June 30, 2025 (compared with 7,499 at June 30, 2024), and interest income on loans of 37,628 for the year ended June 30, 2025 (versus 34,826 the prior year). The independent auditor Forvis Mazars, LLP expressed an unqualified opinion.
The report discloses non-performing assets of 211,000 at June 30, 2025 and describes the Companys credit loss methodology under CECL. It notes available-for-sale securities and unrealized losses on certain securities, bank-owned life insurance of 15.3 million, and mortgage-backed GSE and SBA security balances disclosed by amortized cost and fair value. Share-related disclosures include closing share prices of 24.35 (June 30, 2025) and 16.18 (June 30, 2024) and 3,351,526 common shares outstanding as of September 4, 2025. Management concluded internal control over financial reporting was effective as of June 30, 2025.