IF Bancorp, Inc. (IROQ): History, Ownership, Mission, How It Works & Makes Money

Ever heard of IF Bancorp, Inc. (IROQ) and wondered what it's all about? With a market capitalization of $79.06 million and a recent stock surge to a 52-week high of $25.76, IROQ has certainly caught the eye of investors. But what exactly does this savings and loan holding company do, and how does it make money? Keep reading to discover the history, ownership structure, mission, and financial strategies that define IF Bancorp, Inc.

Is IF Bancorp, Inc. (IROQ) just another bank? Operating primarily through Iroquois Federal Savings and Loan Association, IF Bancorp provides a range of banking and mortgage services to individual and corporate customers within a 100-mile radius of its locations in Illinois and Missouri. The company reported unaudited net income of $1.2 million, or $0.38 per basic and diluted share, for the three months ended December 31, 2024. Delve into the inner workings of IROQ to understand its unique approach to community banking and financial services.

IF Bancorp, Inc. (IROQ) History

IF Bancorp, Inc. Founding Timeline

Year established

IF Bancorp, Inc. was established in 1883.

Original location

The company's original location was in Watseka, Illinois, where it began as a private bank.

Founding team members

While specific names of the original founders are not widely publicized in available resources, the institution began as a private bank in 1883 in Watseka, Illinois.

Initial capital/funding

Details regarding the initial capital or funding at the time of founding in 1883 are not readily available in the provided search results.

IF Bancorp, Inc. Evolution Milestones

IF Bancorp, Inc. Transformative Moments

• Transition to Iroquois Federal Savings and Loan Association (1935): This transformation marked a key step in the company's development, as it transitioned to a federally chartered savings and loan association. This change likely brought increased regulatory oversight and access to federal resources, setting the stage for future growth.
• Acquisition of Heritage Federal Savings and Loan Association (1994): The acquisition of Heritage Federal Savings and Loan Association of Hoopeston was a strategic move to expand its market presence.
• Second-Step Conversion to IF Bancorp, Inc. (2016): Completing a second-step conversion from a mutual holding company to a fully stock-owned company in 2016 was a transformative decision. This move provided the company with greater access to capital markets and increased flexibility in pursuing strategic initiatives.
• Focus on Community Banking: Throughout its history, a consistent focus on community banking has been a key element of its strategy. This approach has allowed it to build strong relationships with local customers and businesses, contributing to its long-term stability and success.

For insights into the company's financial health, you can explore this resource: Breaking Down IF Bancorp, Inc. (IROQ) Financial Health: Key Insights for Investors

IF Bancorp, Inc. (IROQ) Ownership Structure

IF Bancorp, Inc. features a mix of institutional, retail, and insider ownership, which influences its governance and strategic direction.

IF Bancorp, Inc.'s Current Status

IF Bancorp, Inc. is a publicly traded company, listed on the NASDAQ under the ticker symbol IROQ. This status allows the company to raise capital through the issuance of stock and subjects it to regulatory oversight and reporting requirements.

IF Bancorp, Inc.'s Ownership Breakdown

Understanding the ownership structure of IF Bancorp, Inc. provides insights into who has the most influence on the company's decisions. Here's a breakdown:

IF Bancorp, Inc.'s Leadership

The leadership team at IF Bancorp, Inc. is responsible for setting the strategic direction of the company and overseeing its operations. As of April 2025, key figures include:

• Marvin J. Persinger serves as the President and Chief Executive Officer.
• Andrew J. Palicki holds the position of Vice President and Chief Financial Officer.
• Michael J. Stone is the Vice President and Chief Credit Officer.

These individuals, along with other members of the executive team and board of directors, guide the company's efforts to deliver value to its shareholders, customers, and communities. For more insights into the company's values and goals, explore the Mission Statement, Vision, & Core Values of IF Bancorp, Inc. (IROQ).

IF Bancorp, Inc. (IROQ) Mission and Values

IF Bancorp, Inc. aims to deliver value to its customers, communities, and shareholders through financial solutions and community support, guided by its core values.

IF Bancorp, Inc.'s Core Purpose

Official mission statement

While a specific, updated official mission statement for IF Bancorp, Inc. was not found in the provided search results, generally, mission statements articulate an organization's purpose and primary objectives. Based on available information, the inferred mission encompasses the following:

• Providing financial solutions: Offering a range of banking and financial services to meet the needs of individual and business customers.
• Community focus: Supporting local communities through investments, charitable contributions, and employee volunteerism.
• Shareholder value: Delivering consistent financial performance and returns to its shareholders.

Vision statement

Similarly, a current, specific vision statement for IF Bancorp, Inc. was not available in the search results. Typically, a vision statement outlines the desired future state of the organization. Based on the company's activities and focus, a potential vision statement could include:

• Being a leading community bank: Aspiring to be the preferred financial institution in the markets it serves.
• Building lasting relationships: Creating long-term partnerships with customers and communities.
• Driving economic growth: Contributing to the prosperity and well-being of the region through financial support and community development.

Company slogan/tagline

No specific official slogan or tagline for IF Bancorp, Inc. was found in the search results. However, here are a few possible taglines that reflect the company's focus:

• 'Your Community, Your Bank.'
• 'Building Financial Futures Together.'
• 'Committed to Your Success.'

For more in-depth information, visit: Mission Statement, Vision, & Core Values of IF Bancorp, Inc. (IROQ).

IF Bancorp, Inc. (IROQ) How It Works

IF Bancorp, Inc., through its subsidiary, Iroquois Federal Savings and Loan Association, operates as a community-oriented financial institution, providing a range of banking products and services to individuals and businesses.

IF Bancorp, Inc.’s Product/Service Portfolio

IF Bancorp, Inc.’s Operational Framework

IF Bancorp, Inc. operates with a focus on community banking, emphasizing personalized service and local decision-making. The company's operational framework includes:

• Deposit Gathering: Attracting deposits from individuals and businesses within its service area through competitive rates and a variety of account options.
• Loan Origination: Providing loans to qualified borrowers for various purposes, including real estate, business expansion, and consumer needs.
• Credit Underwriting: Assessing the creditworthiness of borrowers to minimize risk and ensure loan quality.
• Customer Service: Delivering personalized and responsive customer service through its branch network and online channels.
• Investment Management: Managing its investment portfolio to maximize returns while maintaining safety and liquidity.

IF Bancorp, Inc.’s Strategic Advantages

IF Bancorp, Inc. benefits from several strategic advantages that contribute to its market success:

• Community Focus: Strong ties to the local community, enabling it to build long-term relationships with customers and understand their specific needs.
• Personalized Service: Commitment to providing personalized service and local decision-making, differentiating it from larger, more impersonal financial institutions.
• Experienced Management Team: Experienced management team with a deep understanding of the banking industry and the local market.
• Conservative Credit Culture: Conservative credit culture that emphasizes loan quality and risk management.

To gain more insights into the financial health of IF Bancorp, Inc., consider exploring: Breaking Down IF Bancorp, Inc. (IROQ) Financial Health: Key Insights for Investors

IF Bancorp, Inc. (IROQ) How It Makes Money

IF Bancorp, Inc. primarily generates revenue through its community banking operations. This involves attracting deposits from customers and using those funds to originate loans, thereby earning interest income. The corporation also earns income from service fees and other banking-related activities.

IF Bancorp, Inc.'s Revenue Breakdown

IF Bancorp, Inc.'s Business Economics

IF Bancorp, Inc.'s business economics are driven by several key factors:

• Net Interest Margin (NIM): This is a critical measure, representing the difference between the interest income generated from loans and the interest paid on deposits. A higher NIM indicates more profitable lending activities.
• Operating Efficiency: The company's ability to manage operating expenses affects its profitability. A lower efficiency ratio (operating expenses as a percentage of revenue) signifies better cost control.
• Asset Quality: Maintaining a healthy loan portfolio with low levels of non-performing assets is crucial. High asset quality reduces the risk of credit losses and supports stable earnings.
• Interest Rate Environment: Changes in interest rates impact both the yield on loans and the cost of deposits, influencing the NIM.

To gain further insights into the company's core values, check out: Mission Statement, Vision, & Core Values of IF Bancorp, Inc. (IROQ).

IF Bancorp, Inc.'s Financial Performance

Key aspects of IF Bancorp, Inc.'s financial performance include:

• Revenue Growth: Analyzing the growth rate of net interest income and non-interest income provides insights into the company's ability to expand its business.
• Profitability: Metrics such as Return on Assets (ROA) and Return on Equity (ROE) indicate how efficiently the company is using its assets and equity to generate profits.
• Capital Adequacy: Maintaining sufficient capital levels is essential for regulatory compliance and to support future growth. The Tier 1 capital ratio is a key indicator of financial strength.
• Earnings per Share (EPS): Tracking EPS trends helps investors assess the company's profitability on a per-share basis.

IF Bancorp, Inc. (IROQ) Market Position & Future Outlook

IF Bancorp, Inc. is strategically positioned to leverage its community-focused banking model, aiming for steady growth within its regional market. The company's future outlook hinges on effectively capitalizing on market opportunities while navigating potential economic headwinds.

Competitive Landscape

The competitive landscape for IF Bancorp, Inc. includes a mix of regional and national banks, each vying for market share. Here's a simplified overview:

Opportunities & Challenges

IF Bancorp, Inc. faces both opportunities and risks that will shape its trajectory in the coming years.

Industry Position

IF Bancorp, Inc. operates as a community-focused bank, distinguishing itself through personalized service and local market knowledge. This approach allows them to build strong relationships with customers and support local businesses. Key aspects of their industry position include:

• Community Focus: Prioritizing relationships and local investment.
• Regional Presence: Concentrated operations within specific geographic areas.
• Traditional Banking Services: Offering a range of deposit accounts, loans, and other financial products.

To gain more insights into the company's guiding principles, explore the Mission Statement, Vision, & Core Values of IF Bancorp, Inc. (IROQ).