Condensed Parent only Financial Information (Tables)

12 Months Ended

Mar. 31, 2025

CENTRAL PLAINS BANCHSARES, INC.

CONDENSED BALANCE SHEETS


	As of March 31, 2025			As of March 31, 2024
	(Dollars in thousands)
Assets:
Cash	$	15,610		$	16,348
Investment in subsidiary		64,435			58,638
Loan to ESOP		3,004			3,047
Receivable from subsidiary		95			86
Other assets		198			201
Total assets	$	83,342		$	78,320
Liabilities:
Deferred tax liability		10			43
Total liabilities		10			43
Stockholders' equity:
Common Stock		41			41
Additional paid-in capital		39,265			39,318
Retained earnings		50,652			47,130
Unallocated common shares held by ESOP		(3,007	)		(3,139	)
Accumulated other comprehensive loss, net		(3,619	)		(5,073	)
Total stockholders' equity		83,332			78,277
Total liabilities and stockholders' equity	$	83,342		$	78,320

CENTRAL PLAINS BANCHSARES, INC.

CONDENSED STATEMENTS OF OPERATIONS


	For the year ended March 31,			For the Year Ended March 31,
	2025			2024
	(Dollars in thousands)
Income:
Interest income	$	259		$	121
Total income		259			121
Expense:
Non-interest expense	$	909		$	207
Total expense		909			207
Losses before income tax benefit and equity in undistributed earnings of subsidiary	$	(650	)	$	(86	)
Income tax benefit		(128	)		(43	)
Losses before equity in undistributed earnings of subsidiary	$	(522	)	$	(43	)
Equity in undistributed earnings of subsidiary		4,176			3,802
Net income	$	3,654		$	3,759

CENTRAL PLAINS BANCHSARES, INC.

CONDENSED STATEMENTS OF CASH FLOWS


	Year Ended March 31,			Year Ended March 31,
	2025			2024
	(Dollars in thousands)
Cash flows from operating activities:
Net income	$	3,654		$	3,759
Adjustments to reconcile net income to net cash provided by operating activities:
Net change in other assets		3			(201	)
Net change in receivable from subsidiary		(9	)		(86	)
Net change in deferred tax liability		(33	)		43
Stock-based compensation expense		193			—
Equity in undistributed earnings of subsidiary		(4,176	)		(3,802	)
Net cash used in operating activities		(368	)		(287	)
Cash flows from investing activities:
Principal payments on loan to ESOP		43			258
Net cash provided by investing activities		43			258
Cash flows from financing activities:
Net proceeds from the issuance of common shares		—			39,364
Repurchase of common stock		(413	)		—
Loan to ESOP		—			(3,305	)
Proceeds from conversion transferred to subsidiary		—			(19,682	)
Net cash (used in) provided by financing activities		(413	)		16,377
Net (decrease) increase in cash and cash equivalents		(738	)		16,348
Cash and cash equivalents—beginning of period		16,348			—
Cash and cash equivalents—end of period	$	15,610		$	16,348

Central Plains Bancshares, Inc. 10-K