NASDAQ: CPBI
Central Plains Bancshares, Inc.CIK 0001979332 · SIC 6035 · Savings Institutions (Federal)
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CPBI Q1 FY2027: Net income up 51.0% to $1.5M on margin expansion and cost cuts
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CPBI subsidiary enters 3x severance change-in-control agreement with CFO Bradley Kool
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Central Plains Bancshares appoints activist Stilwell Group nominee to board
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CPBI: net income $4.0M. CPBI net income up 9.5% as loan growth accelerates to 11.5% and margin expands 24bp
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Latest financial statements
From 10-Q filed Aug 12, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations (Unaudited)
(Dollars in thousands)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 |
|---|---|---|
| Interest and dividend income: | ||
| Loans—including fees | 6,862 | 5,899 |
| Investment securities | 592 | 584 |
| FHLB stock | 7 | 7 |
| Federal funds sold | 225 | 91 |
| Total interest and dividend income | 7,686 | 6,581 |
| Interest expense: | ||
| Deposits | 2,455 | 2,088 |
| Borrowings | — | 2 |
| Total interest expense | 2,455 | 2,090 |
| Net interest income before provision for credit losses | 5,231 | 4,491 |
| Provision for (reversal of) credit losses | 51 | (3) |
| Net interest income after provision for (reversal of) credit losses | 5,180 | 4,494 |
| Non-interest income: | ||
| Servicing fees on loans | 25 | 31 |
| Service charges on deposit accounts | 177 | 192 |
| Interchange income | 338 | 328 |
| Gain on sale of loans | 83 | 77 |
| Gain from real estate owned and other repossessed assets, net | 3 | 1 |
| Other non-interest income | 17 | 25 |
| Total non-interest income | 643 | 654 |
| Non-interest expense: | ||
| Salaries and employee benefits | 2,244 | 2,103 |
| Occupancy and equipment | 367 | 318 |
| Data processing | 335 | 500 |
| Federal deposit insurance premiums | 59 | 51 |
| Debit card processing | 67 | 64 |
| Advertising | 87 | 91 |
| Other general and administrative expenses | 815 | 792 |
| Total non-interest expense | 3,974 | 3,919 |
| Income before income tax expense | 1,849 | 1,229 |
| Income tax expense | 357 | 241 |
| Net income | 1,492 | 988 |
| Earnings per share basic | 0.39 | 0.26 |
| Earnings per share diluted | 0.39 | 0.26 |
| Weighted average shares outstanding basic | 3,792,435 | 3,792,609 |
| Weighted average shares outstanding diluted | 3,820,915 | 3,803,733 |
Consolidated Statements of Financial Condition
(Dollars in thousands)
| Description | June 30, 2026 (unaudited) | March 31, 2026 |
|---|---|---|
| Assets: | ||
| Cash and due from banks | 5,600 | 7,464 |
| Interest-bearing deposits in other banks | 28,842 | 22,465 |
| Total cash and cash equivalents | 34,442 | 29,929 |
| Investment securities available for sale | 63,465 | 62,534 |
| Investment securities held to maturity | 159 | 175 |
| Loans, net of unearned income | 447,436 | 448,346 |
| Allowance for credit losses on loans | (5,890) | (5,809) |
| Loans, net | 441,546 | 442,537 |
| Accrued interest receivable | 3,248 | 3,256 |
| Federal Home Loan Bank (FHLB) stock at cost | 646 | 639 |
| Premises and equipment, net | 12,532 | 12,755 |
| Deferred income taxes | 2,272 | 2,228 |
| Mortgage servicing rights | 422 | 415 |
| Other assets | 3,684 | 4,179 |
| Total assets | 562,416 | 558,647 |
| Liabilities: | ||
| Deposits: | ||
| Non-interest-bearing deposits | 67,775 | 64,505 |
| Interest-bearing: | ||
| Demand and NOW checking | 143,573 | 144,047 |
| Money market | 40,796 | 38,985 |
| Savings | 49,194 | 49,768 |
| Time deposits over $250,000 | 38,749 | 35,453 |
| Other time deposits | 125,757 | 127,598 |
| Total deposits | 465,844 | 460,356 |
| Pension liability | 690 | 754 |
| Advances from borrowers for taxes and insurance | 1,554 | 1,897 |
| Accrued interest payable | 1,512 | 1,727 |
| Accounts payable, accrued expenses and other liabilities | 2,531 | 4,923 |
| Total liabilities | 472,131 | 469,657 |
| Stockholders' equity: | ||
| Common Stock ($0.01 par value, 10,000,000 shares authorized, 4,181,011 shares issued and outstanding at June 30, 2026 and 4,196,359 shares issued and outstanding at March 31, 2026) | 41 | 41 |
| Additional paid-in capital | 39,738 | 39,672 |
| Retained earnings | 55,763 | 54,404 |
| Unallocated common shares held by Employee Stock Ownership Plan (ESOP) | (2,842) | (2,875) |
| Accumulated other comprehensive loss, net | (2,415) | (2,252) |
| Total stockholders' equity | 90,285 | 88,990 |
| Total liabilities and stockholders' equity | 562,416 | 558,647 |
Consolidated Statements of Cash Flows (Unaudited)
(Dollars in thousands)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities | ||
| Net income | 1,492 | 988 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Depreciation | 225 | 195 |
| Gain on sale of loans | (83) | (77) |
| Amortization of premium and accretion of discount on securities, net | (37) | 2 |
| Deferred income tax expense | (2) | — |
| Provision for (reversal of) credit losses | 51 | (3) |
| Origination of loans held for sale | (7,262) | (5,141) |
| Proceeds from sales of loans held for sale | 7,345 | 5,218 |
| Contributions to pension plan | 150 | 150 |
| ESOP expense | 59 | 49 |
| Stock based compensation | 189 | 185 |
| Change in assets and liabilities: | ||
| Accrued interest receivable | 8 | 4 |
| Mortgage servicing rights | (7) | (1) |
| Other assets | 495 | 193 |
| Accrued interest payable | (215) | (333) |
| Accounts payable, accrued expenses and other liabilities | (2,606) | (1,525) |
| Net cash used in operating activities | (198) | (96) |
| Cash flows from investing activities | ||
| Net change in loans | 940 | (11,024) |
| Purchase of investment securities available for sale | (3,396) | (3,399) |
| Principal paydowns from investment securities available for sale | 2,297 | 2,113 |
| Principal paydowns from investment securities held to maturity | 16 | 12 |
| Purchase of FHLB stock | (7) | (7) |
| Purchase of premises and equipment | (2) | (670) |
| Net cash used in investing activities | (152) | (12,975) |
| Cash flows from financing activities | ||
| Net change in deposits | 5,488 | (15,565) |
| Net change in advances from borrowers for taxes and insurance | (343) | (332) |
| Repurchase of common stock | (296) | (260) |
| Proceeds from exercise of stock options | 14 | — |
| Proceeds from short-term private banker's bank advances | — | 466 |
| Proceeds from short-term FHLB advances | — | 8,000 |
| Net cash provided by (used in) financing activities | 4,863 | (7,691) |
| Net increase (decrease) in cash and cash equivalents | 4,513 | (20,762) |
| Cash and cash equivalents—beginning of period | 29,929 | 28,682 |
| Cash and cash equivalents—end of period | 34,442 | 7,920 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest | 2,670 | 2,423 |
Amounts as printed on the EDGAR/iXBRL face — (Dollars in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗