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Central Plains Bancshares, Inc.
CPBICIK 0001979332NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthSavings Institution, Federally CharteredMarylandFY ends Mar 31
Period
FY 2025
Revenue
—
Net Income
$3.65M
Total Assets
$508.70M
Equity
$83.33M
Shares Out
4.21M
Op. Cash Flow
$4.46M
Business
Central Plains Bancshares, Inc. is a savings and loan holding company that owns 100% of Home Federal Savings and conducts banking operations through that subsidiary. It offers deposit products and services and originates one- to four-family residential mortgage loans, commercial real estate and commercial non-real estate loans, agricultural and consumer loans, and provides electronic banking, bill pay and payment services; its subsidiary also provides insurance and securities services. Key business units include Home Federal Savings (operating as Home Federal Bank) and subsidiary First Service Corporation. The company serves a primary market in southcentral Nebraska through branch offices, a drive‑up facility and online/mobile channels.
Summary from filing dated 2025-06-26
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 |
|---|---|---|---|---|
| Loans-including fees | 22 | 19 | 15 | |
| Investment securities | 2 | 2 | 1 | |
| FHLB stock | 31,000 | 29,000 | 35,000 | |
| Federal funds sold | 282,000 | 251,000 | 87,000 | |
| Total interest and dividend income | 25 | 21 | 16 | |
| Deposits | 8 | 6 | 2 | |
| Borrowings under FHLB advances | 99,000 | 105,000 | 362,000 | |
| Total interest expense | 8 | 6 | 3 | |
| Net interest income before provision for credit losses | 16 | 14 | 13 | |
| Provision for credit losses | 200,000 | 88,000 | 3 | |
| Net interest income after provision for credit losses | 16 | 14 | 11 | |
| Servicing fees on loans | 132,000 | 129,000 | 303,000 | |
| Service charges on deposit accounts | 912,000 | 769,000 | 672,000 | |
| Interchange income | 1 | 1 | 1 | |
| Gain on sale of loans | 215,000 | 195,000 | 97,000 | |
| Gain (loss) from real estate owned and other repossessed assets, net | 2,000 | 4,000 | −2,000 | |
| Other | 78,000 | 463,000 | 167,000 | |
| Total non-interest income | 3 | 3 | 2 | |
| Salaries and employee benefits | 8 | 7 | 6 | |
| Occupancy and equipment | 1 | 1 | 1 | |
| Data processing | 2 | 2 | 2 | |
| Federal deposit insurance premiums | 192,000 | 241,000 | 171,000 | |
| Debit card processing | 261,000 | 252,000 | 223,000 | |
| Advertising | 387,000 | 308,000 | 321,000 | |
| Other general and administrative expenses | 3 | 2 | 2 | |
| Total non-interest expense | 14 | 13 | 11 | |
| Income before income tax expense | 5 | 5 | 2 | |
| Income tax expense | 869,000 | 877,000 | 317,000 | |
| Net income | 4 | 4 | 2 | |
| Earnings per share - basic | 0.96 | 2.19 | — | |
| Earnings per share - diluted | 0.96 | 2.19 | — | |
| Weighted average shares outstanding - basic | 4 | 2 | — | |
| Weighted average shares outstanding - diluted | 4 | 2 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|
| Cash and due from banks | 8 | 6 | 8 | — | |
| Interest-bearing deposits in other banks | 21 | 5 | 9 | — | |
| Total cash and cash equivalents | 29 | 11 | 17 | — | |
| Investment securities - available for sale | 59 | 60 | 58 | — | |
| Investment securities - held to maturity | 222,000 | 307,000 | 422,000 | — | |
| Loans, net of unearned income | 402 | 380 | — | — | |
| Allowance for credit losses on loans | −5 | −6 | −5 | 5 | |
| Loans, net | 397 | 374 | 348 | — | |
| Accrued interest receivable | 3 | 2 | 2 | — | |
| Federal Home Loan Bank (FHLB) stock - at cost | 612,000 | 584,000 | 563,000 | — | |
| Premises and equipment - net | 13 | 6 | 4 | — | |
| Deferred income taxes | 3 | 3 | 3 | — | |
| Mortgage servicing rights | 380,000 | 403,000 | 434,000 | 563,000 | |
| Other assets | 4 | 4 | 5 | — | |
| Total assets | 509 | 463 | 438 | — | |
| Noninterest bearing deposits | 64 | 67 | 73 | — | |
| Demand and NOW checking | 153 | 127 | 157 | — | |
| Money market | 31 | 24 | 25 | — | |
| Savings | 45 | 43 | 50 | — | |
| Time deposits over $250,000 | 29 | 34 | 31 | — | |
| Other time deposits | 94 | 79 | 54 | — | |
| Total deposits | 416 | 375 | 391 | — | |
| Pension liability | 1 | 2 | 2 | — | |
| Advances from borrowers for taxes and insurance | 2 | 2 | 2 | — | |
| Accrued interest payable | 2 | 2 | 668,000 | — | |
| Accounts payable, accrued expenses and other liabilities | 4 | 4 | 3 | — | |
| Total liabilities | 425 | 385 | 399 | — | |
| Common Stock ($0.01 par value, 10,000,000 shares authorized, 4,211,689 and 4,130,815 shares issued and outstanding at March 31, 2025 and March 31, 2024, respectively) | 41,000 | 41,000 | — | — | |
| Additional paid-in capital | 39 | 39 | — | — | |
| Retained earnings | 51 | 47 | 44 | — | |
| Unallocated common shares held by Employee Stock Ownership Plan (ESOP) | −3 | −3 | — | — | |
| Accumulated other comprehensive loss | −4 | −5 | −5 | — | |
| Total stockholders' equity | 83 | 78 | 39 | 38 | |
| Total liabilities and stockholders' equity | 509 | 463 | 438 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 |
|---|---|---|---|---|
| Net income | 4 | 4 | 2 | |
| Depreciation and amortization | 455,000 | 518,000 | 503,000 | |
| Amortization of premium and accretion of discount on securities, net | 71,000 | 160,000 | — | |
| Deferred income tax expense | 255,000 | 46,000 | 78,000 | |
| Origination of loans held for sale | −15 | −12 | −6 | |
| Proceeds from sales of loans held for sale | 15 | 12 | 6 | |
| Contributions to pension plan | 600,000 | 600,000 | 600,000 | |
| ESOP expense | 167,000 | 161,000 | — | |
| Stock based compensation | 193,000 | — | — | |
| Accrued interest receivable | −852,000 | −522,000 | −382,000 | |
| Mortgage servicing rights | 23,000 | 31,000 | 129,000 | |
| Other assets | 386,000 | 183,000 | −282,000 | |
| Accrued interest payable | −177,000 | 1 | 453,000 | |
| Accounts payable, accrued expenses and other liabilities | −516,000 | −541,000 | −1 | |
| Net cash provided by operating activities | 4 | 6 | 4 | |
| Net change in loans | −23 | −26 | −45 | |
| Purchase of investment securities available for sale | −6 | −12 | — | |
| Principal paydowns from investment securities available for sale | 8 | 9 | 12 | |
| Principal paydowns from investment securities held to maturity | 85,000 | 115,000 | 146,000 | |
| Purchase of FHLB stock | −28,000 | −21,000 | −63,000 | |
| Purchase of premises and equipment | −8 | −2 | −303,000 | |
| Net cash used in investing activities | −28 | −31 | −33 | |
| Net change in deposits | 41 | −16 | 26 | |
| Net change in advances from borrowers for taxes and insurance | 28,000 | 87,000 | 89,000 | |
| Proceeds from issuance of common stock, net of costs | — | 39 | — | |
| Repurchase of common stock | −413,000 | — | — | |
| Loan to ESOP | — | −3 | — | |
| Net cash (used in) provided by financing activities | 41 | 20 | 26 | |
| Net (decrease) increase in cash and cash equivalents | 17 | −5 | −2 | |
| Cash paid for taxes | 300,000 | 750,000 | 225,000 | |
| Cash paid for interest | 8 | 5 | 2 |
Filings
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