Private company

IF Bancorp, Inc.

Savings institution company1

In its 2025 annual report the company says: “IF Bancorp, Inc. is a Maryland corporation formed in March 2011 to become the holding company for Iroquois Federal Savings and Loan Association. The Company is primarily engaged in the business of directing, planning, and coordinating the business activities of Iroquois Federal. The Company’s most significant asset is its investment in Iroquois Federal.”4 It is headquartered in Watseka, Illinois.1

Last updated Oct 21, 2026.

Overview

$4.3MNet income, fiscal 20252
  • IndustrySavings Institution, Federally Chartered1
  • HeadquartersWatseka, Illinois1
  • Business address201 E. Cherry St, Watseka, Il 609703
  • Filer categoryNon-accelerated filer, Smaller reporting company3

IF Bancorp, Inc. (“IF Bancorp” or the “Company”) is a Maryland corporation formed in March 2011 to become the holding company for Iroquois Federal Savings and Loan Association (“Iroquois Federal” or the “Association”).4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

5.3%Return on equity2
$6.5MFree cash flow2

Financial statements

Net income56789102$4.3M in 2025+148% since 2018
0$2.0M$4.0M$6.0M2018: $1.7M$1.7M20182019: $3.6M$3.6M2019+105%2020: $4.2M$4.2M2020+19%2021: $5.3M$5.3M2021+26%2022: $5.8M$5.8M2022+8%2023: $4.7M$4.7M2023−19%2024: $1.8M$1.8M2024−62%2025: $4.3M$4.3M2025+140%
Fiscal year20182019202020212022202320242025
Interest$5.3M5$8.9M6$8.7M7$4.2M8$2.5M9$10.1M10$23.3M10
Income before tax$7.8M9$6.3M10$2.4M2$5.9M2
Income tax$2.7M5$1.3M6$1.6M7$2.0M8$2.0M9$1.6M10$565.0K2$1.6M2
Net income$1.7M5$3.6M6$4.2M7$5.3M8$5.8M9$4.7M10$1.8M2$4.3M2
Earnings per share$0.475$1.026$1.377$1.768$1.889$1.5010$0.572$1.372
Earnings per share (diluted)$0.475$1.016$1.357$1.748$1.849$1.4610$0.572$1.372
Shares (weighted, basic)3.1M shares93.1M shares103.1M shares23.2M shares2
Shares (weighted, diluted)3.1M shares93.2M shares103.1M shares23.2M shares2

Compare IF Bancorp, Inc. with another company

Corporate structure

IF Bancorp, Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of IF Bancorp, Inc.

  • IF Bancorp, Inc. Watseka, Illinois

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What IF Bancorp, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$2.1M2 Jun 30, 2025$2.1M2 Jun 30, 20240%
Buildings and improvements$13.3M2 Jun 30, 2025$13.2M2 Jun 30, 2024+0.9%
Furniture and fixtures$4.3M2 Jun 30, 2025$4.4M2 Jun 30, 2024−4.4%
Property and equipment, before depreciation$19.7M2 Jun 30, 2025$19.8M2 Jun 30, 2024−0.4%
Accumulated depreciation$9.5M2 Jun 30, 2025$9.2M2 Jun 30, 2024+3.3%
Property and equipment, net$10.2M2 Jun 30, 2025$10.6M2 Jun 30, 2024−3.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$20.1M2 Jun 30, 2025$9.6M2 Jun 30, 2024+109.9%
Marketable securities, current$16.7M2 Jun 30, 2025$24.2M10 Jun 30, 2024−31.2%
Debt securities available for sale$187.8M2 Jun 30, 2025$190.5M2 Jun 30, 2024−1.4%
Loans, net of allowance$633.6M2 Jun 30, 2025$639.3M2 Jun 30, 2024−0.9%
Deposits held (banks)$721.3M2 Jun 30, 2025$727.2M2 Jun 30, 2024−0.8%

Properties, in its own words

We operate from our main office, six branch offices, an administrative office, and a data center located in Iroquois, Vermilion, Champaign and Kankakee Counties, Illinois, and a loan production office in Osage Beach, Missouri. The net book value of our premises, land and equipment was $10.2 million at June 30, 2025. The following tables set forth information with respect to our banking offices, including the expiration date of leases with respect to leased facilities.

Location · Year Opened · Owned/ Leased

The rest of Item 2

Main Office:

201 East Cherry Street Watseka, Illinois 60970 · 1964 · Owned

Branches:

619 North Gilbert Street Danville, Illinois 61832 · 1973 · Owned

175 East Fourth Avenue Clifton, Illinois 60927 · 1977 · Owned

655 South Dixie Highway Hoopeston, Illinois 60942 · 2023 · Owned

108 Arbours Drive Savoy, Illinois 61874 · 2014 · Owned

421 Brown Boulevard Bourbonnais, Illinois 60914 · 2017 · Owned

2411 Village Green Place Champaign, Illinois 61822 · 2018 · Owned

Loan Production Office:

3535 Highway 54 Osage Beach, Missouri 65065 · 2006 · Owned

Administrative Office:

204 East Cherry Street Watseka, Illinois 60970 · 2001 · Owned

Data Center:

183 Bethel Drive Bourbonnais, Illinois 60914 · 2019 · Leased (expires March 31, 2028)

Item 2 of the 10-K filed Sep 11, 2025.4

Leadership

Who has led IF Bancorp, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (14)

Timeline

  1. Mar 13, 20268-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights34
  2. Mar 10, 20268-K Other events35
  3. Feb 4, 20268-K Shareholder vote; Other events36
  4. Jan 30, 20268-K Results of operations37
  5. Jan 27, 20268-K Other events38
  6. Jan 14, 20268-K Other events39
  7. Oct 31, 20258-K Results of operations40
  8. Oct 30, 20258-K Entered a material agreement; Other events41
  9. Sep 26, 20258-K Executive or director change42
  10. Sep 16, 20258-K Entered a material agreement43
  11. Aug 29, 20258-K Results of operations44
  12. Aug 13, 20258-K Other events45
  13. Dec 14, 2015New chief executive Walter H. Hasselbring Iii. becomes CEO15
  14. Jul 6, 2011New chief executive Alan D. Martin becomes CEO16

Calendar

When it reported results

  1. Jan 30, 2026Reported quarterly or annual results37
  2. Oct 31, 2025Reported quarterly or annual results40
  3. Aug 29, 2025Reported quarterly or annual results44
  4. Apr 29, 2025Reported quarterly or annual results46
  5. Jan 30, 2025Reported quarterly or annual results47
  6. Nov 4, 2024Reported quarterly or annual results48
  7. Aug 29, 2024Reported quarterly or annual results49
  8. Apr 30, 2024Reported quarterly or annual results50

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

146 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 42 major events, 34 insider forms, 29 large holders, 22 other. The latest 20:

  1. May 15, 2026SCHEDULE 13G/A EDGAR
  2. Mar 23, 202615-12G FORM 15-12(G) EDGAR
  3. Mar 16, 2026SCHEDULE 13D/A EDGAR
  4. Mar 13, 20264 EDGAR
  5. Mar 13, 20264 EDGAR
  6. Mar 13, 20264 EDGAR
  7. Mar 13, 20264 EDGAR
  8. Mar 13, 20264 EDGAR
  9. Mar 13, 20264 EDGAR
  10. Mar 13, 20264 EDGAR
  11. Mar 13, 20264 EDGAR
  12. Mar 13, 20264 EDGAR
  13. Mar 13, 20264 EDGAR
  14. Mar 13, 20264 EDGAR
  15. Mar 13, 2026S-8 POS S-8 POS (REGISTRATION NO. 333-176222) EDGAR
  16. Mar 13, 2026S-8 POS S-8 POS (REGISTRATION NO. 333-185075) EDGAR
  17. Mar 13, 2026S-8 POS S-8 POS (REGISTRATION NO. 333-268599) EDGAR
  18. Mar 13, 20268-K EDGAR
  19. Mar 10, 20268-K EDGAR
  20. Feb 12, 202610-Q EDGAR

The 146 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

12 open-market trades by officers, directors and large owners since October 2021: 12 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 12, 2024CHAMBERLAIN THOMAS JPresidentBuy553$21.00$11.6KForm 4
May 3, 2024CHAMBERLAIN THOMAS JPresidentBuy982$16.49$16.2KForm 4
Nov 14, 2023CHAMBERLAIN THOMAS JPresidentBuy459$14.42$6.6KForm 4
Nov 13, 2023CHAMBERLAIN THOMAS JPresidentBuy45$14.30$644Form 4
Jun 12, 2023CHAMBERLAIN THOMAS JPresidentBuy871$13.89$12.1KForm 4
Jun 9, 2023CHAMBERLAIN THOMAS JPresidentBuy204$13.90$2.8KForm 4
May 4, 2023CHAMBERLAIN THOMAS JPresidentBuy1,500$15.07$22.6KForm 4
May 3, 2023CHAMBERLAIN THOMAS JPresidentBuy1,222$15.34$18.7KForm 4
May 2, 2023CHAMBERLAIN THOMAS JPresidentBuy212$14.90$3.2KForm 4
Nov 14, 2022CHAMBERLAIN THOMAS JPresidentBuy287$18.75$5.4KForm 4
Dec 1, 2021CHAMBERLAIN THOMAS JPresidentBuy23$23.20$534Form 4
Nov 30, 2021CHAMBERLAIN THOMAS JPresidentBuy195$23.09$4.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How IF Bancorp, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARIF Bancorp, Inc.1
  • CIK0001514743
  • Employer ID (EIN)45-18344494
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inMaryland4
  • Fiscal year endsJune 301
  • Industry code (SIC)6035 Savings Institution, Federally Chartered1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address201 E. Cherry St, Watseka, IL 609701
  • Phone(815) 432-24761
  • Shares outstanding3,351,526 as of Feb 4, 202612
  • Public float$56.1M as of Dec 31, 20244
  • AuditorForvis Mazars, LLP, Decatur, Illinois PCAOB ID 686; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMar 9, 20111
  • Filings438 in all: 8-K (124), 4 (94), SC 13G/A (49), 10-Q (45), 3 (16), 10-K (15), 11-K (14), DEF 14A (13)1
    All 36 form types

    SC 13D/A (11), SC 13G (8), CORRESP (4), SCHEDULE 13D/A (4), 4/A (3), S-8 (3), S-8 POS (3), SCHEDULE 13G/A (3), UPLOAD (3), 10-K/A (2), 424B3 (2), ARS (2), DEFA14A (2), DFAN14A (2), SC 13D (2), SCHEDULE 13G (2), 10-Q/A (1), 15-12G (1), 25-NSE (1), 5 (1), 8-A12B (1), CERTNAS (1), DEFM14A (1), EFFECT (1), PREM14A (1), S-1 (1), S-1/A (1), SE (1)

  • Latest filingsAnnual report (10-K) Sep 11, 2025
    Quarterly report (10-Q) Feb 12, 2026
    Proxy statement (DEF 14A) Oct 16, 2024
    Latest 8-K (8-K) Mar 13, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareIROQThe NASDAQ Stock Market, LLC

From the cover page of the 10-K filed Sep 11, 2025 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks IF Bancorp, Inc. names in Item 1A of its 10-K filed Sep 11, 2025: 21 risks under these headings, as written.4

  • Operational Risks
  • We intend to continue to grow our commercial real estate, multi-family and commercial business loans and increase these loans as a percentage of our total loan portfolio. As a result, our credit risk will continue to increase, and downturns in the local real estate market or economy could have a more severe adverse effect on our earnings.
  • Our funding sources may prove insufficient to replace deposits and support our future growth.
  • A portion of our loan portfolio consists of loan participations secured by properties outside of our primary market area. Loan participations may have a higher risk of loss than loans we originate because we are not the lead lender and we have limited control over credit monitoring.
  • If our non-performing loans and other non-performing assets increase, or the value of our foreclosed assets decreases our earnings will decrease.
  • If our allowance for credit losses is not sufficient to cover actual loan losses, our earnings will decrease.
  • We are subject to stringent capital requirements, which may adversely impact our return on equity, require us to raise additional capital, or limit our ability to pay dividends or repurchase shares.
  • We face significant operational risks because the financial services business involves a high volume of transactions.
  • Cyber-attacks or other security breaches could adversely affect our operations, net income or reputation.
  • Risks associated with system failures, interruptions, or breaches of security could negatively affect our earnings.
  • While our Board of Directors takes an active role in cybersecurity risk tolerance, we rely to a large degree on management and outside consultants in overseeing cybersecurity risk management.
  • Market and Industry Risks
The other 11 risks
  • Future changes in interest rates could reduce our profits.
  • Changes in economic conditions, in particular an economic slowdown in the markets we operate in, could materially and negatively affect our business.
  • Inflation has had and may continue to have a negative effect on our results of operations and financial condition.
  • Declines in the value of securities held in the investment portfolio may negatively affect the Company’s earnings, capital and liquidity.
  • Monetary policies and regulations of the Federal Reserve Board could adversely affect our business, financial condition and results of operations.
  • Interruption of our customers’ supply chains and federal funding could negatively impact their business and operations and impact their ability to repay their loans.
  • Strong traditional and non-traditional competition within our market areas may limit our growth and profitability.
  • Government responses to economic conditions may adversely affect our operations, financial condition and earnings.
  • We operate in a highly regulated environment and may be adversely affected by changes in laws and regulations.
  • Non-compliance with the USA PATRIOT Act, Bank Secrecy Act, or other laws and regulations could result in fines or sanctions.
  • Legal and regulatory proceedings and related matters could adversely affect us.

Legal proceedings

Periodically, there have been various claims and lawsuits against us, such as claims to enforce liens, condemnation proceedings on properties in which we hold security interests, claims involving the making and servicing of real property loans and other issues incident to our business. We are not a party to any pending legal proceedings that we believe would have a material adverse effect on our financial condition, results of operations or cash flows.

The opening of Item 3, Legal Proceedings.4

Sources

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