Interest rate sensitivity
Profitability depends on the spread between asset yields and funding costs.
- Scope
- Net interest income and margin
- Materiality
- high
IF Bancorp, Inc.
IF Bancorp, Inc. is the holding company for Iroquois Federal, a federally chartered savings institution based in Watseka, Illinois. It gathers deposits, makes consumer and commercial loans, and supplements traditional banking with insurance, brokerage, annuity, and wealth-management services through affiliated and third-party channels.
| % | |
|---|---|
| Deposit accounts | 35% Core funding products including savings, checking, money market and CDs. |
| Lending | 45% Consumer, mortgage and commercial loans that generate net interest income. |
| Fee-based banking services | 7% Customer service fees and transaction services such as bill pay and ACH. |
| Insurance agency | 6% Property and casualty insurance products sold through the subsidiary agency. |
| Wealth management and brokerage | 7% Annuities, mutual funds, securities and managed accounts offered through affiliates. |
The company serves retail households, small businesses, and local commercial borrowers in its Illinois and Missouri...
- Retail deposit customersprimary
Individuals and households that place savings, checking, money market and CD balances with the bank for convenience and local relationship banking.
- Mortgage and consumer borrowersprimary
Homebuyers and consumers using mortgage, home-related and personal lending products for local underwriting and service.
- Small business and commercial customersprimary
Local businesses that need operating deposits, ACH, treasury-style services and commercial loans.
- Insurance and wealth management clientssecondary
Bank customers and local residents buying insurance, annuities, retirement plans and brokerage services.
- Retirement-oriented borrowers in Missourisecondary
Residents in the Lake of the Ozarks area who support mortgage demand and wealth-management cross-sell.
Business is concentrated in eastern Illinois, especially the communities surrounding the bank's offices in Iroquois and...
- •Watseka, Illinois is the corporate and operating base
- •Deposits are concentrated in Iroquois and Vermilion Counties
- •Additional banking presence in Champaign and Kankakee Counties
- •Osage Beach, Missouri serves Camden, Miller and Morgan Counties
- •Lake of the Ozarks market supports mortgage and wealth-management growth
The company is focused on relationship banking in its core Illinois markets while using a Missouri office to expand...
01
Grow core deposits and local lending relationshipsshort-term
Low-cost local funding and relationship lending are central to spread income and franchise value.
02
Increase noninterest income through cross-sellmedium-term
Insurance and wealth-management products reduce reliance on net interest margin.
03
Develop the Osage Beach marketmedium-term
The Lake of the Ozarks region offers mortgage demand and retirement-related financial services opportunities.
04
Complete or manage the ServBanc merger processshort-term
The transaction could alter scale, operating structure and execution priorities.
Earnings are highly sensitive to interest-rate movements because the business depends on net interest income from...
Cybersecurity and third-party processing risk
The company relies on vendors and internal controls to process customer transactions and protect data.
- Scope
- Operations, reputation and regulatory scrutiny
- Materiality
- high
Borrower credit deterioration
Supply-chain disruptions, federal funding changes or local downturns can impair repayment capacity.
- Scope
- Loan losses and provision expense
- Materiality
- high
Local deposit and loan competition
The bank competes with banks, credit unions, mortgage brokers and insurers in its markets.
- Scope
- Growth and pricing
- Materiality
- high
Merger execution risk
A delayed or disrupted ServBanc transaction could distract management and affect strategic plans.
- Scope
- Integration and timing
- Materiality
- medium
Allowance for credit losses
Loan loss reserve and net income
Net interest income recognition
Core earnings and margin
Fee income recognition
Noninterest income volatility
Fair value of securities
Equity and reported gains/losses
: 28.4.2026