Loans and Allowance for Credit Losses (Tables)

3 Months Ended

Sep. 30, 2025

Loans and Allowance for Credit Losses [Line Items]


	September 30, 2025			June 30, 2025
Segments of loans include:
Real estate loans:
One- to four-family	$	181,617		$	178,979
Multi-family		118,318			126,127
Commercial		196,022			201,550
Home equity lines of credit		10,359			10,487
Construction		20,015			22,927
Commercial		93,243			93,961
Consumer		5,864			5,855

Total loans		625,438			639,886
Less:
Unearned fees and discounts, net		(335	)		(344	)
Allowance for credit losses		6,491			6,627

Loans, net	$	619,282		$	633,603

Allowance for Credit Losses

The following tables present the activity in the allowance for credit losses for the three-month periods ended September 30, 2025 and 2024 and the year ended June 30, 2025:


	Three Months Ended September 30, 2025 Real Estate Loans
	One- to Four- Family		Multi-Family			Commercial			Home Equity Lines of Credit
Allowance for credit losses:
Balance, beginning of period	$	1,475	$	1,513		$	2,252		$	144
Provision (credit) charged to expense		75		(153	)		(135	)		(8	)
Losses charged off		—		—			—			—
Recoveries		2		—			—			—

Balance, end of period	$	1,552	$	1,360		$	2,117		$	136

Loans:
Ending balance	$	181,617	$	118,318		$	196,022		$	10,359


	Three Months Ended September 30, 2025 (Continued)
	Construction			Commercial			Consumer			Total
Allowance for credit losses:
Balance, beginning of period	$	206		$	985		$	52		$	6,627
Provision (credit) charged to expense		(26	)		174			8			(65	)
Losses charged off		—			(70	)		(9	)		(79	)
Recoveries		—			2			4			8

Balance, end of period	$	180		$	1,091		$	55		$	6,491

Loans:
Ending balance	$	20,015		$	93,243		$	5,864		$	625,438


	Year Ended June 30, 2025 Real Estate Loans
	One- to Four- Family			Multi-Family			Commercial			Home Equity Lines of Credit
Allowance for credit losses:
Balance, beginning of period	$	1,774		$	1,764		$	2,358		$	148
Provision (credit) charged to expense		(222	)		(121	)		(106	)		(4	)
Losses charged off		(79	)		(350	)		—			—
Recoveries		2			220			—			—

Balance, end of period	$	1,475		$	1,513		$	2,252		$	144

Loans:
Ending balance	$	178,979		$	126,127		$	201,550		$	10,487


	Year Ended June 30, 2025 (Continued)
	Construction			Commercial			Consumer			Total
Allowance for credit losses:
Balance, beginning of period	$	337		$	1,053		$	65		$	7,499
Provision (credit) charged to expense		(131	)		(131	)		37			(678	)
Losses charged off		—			(50	)		(70	)		(549	)
Recoveries		—			113			20			355

Balance, end of period	$	206		$	985		$	52		$	6,627

Loans:
Ending balance	$	22,927		$	93,961		$	5,855		$	639,886


	Three Months Ended September 30, 2024
	Real Estate Loans
	One- to Four- Family			Multi-Family			Commercial		Home Equity Lines of Credit
Allowance for credit losses:
Balance, beginning of period	$	1,774		$	1,764		$	2,358	$	148
Provision (credit) charged to expense		(147	)		348			4		(1	)
Losses charged off		—			(350	)		—		—
Recoveries		1			—			—		—

Balance, end of period	$	1,628		$	1,762		$	2,362	$	147

Loans:
Ending balance	$	176,334		$	125,906		$	205,103	$	9,927


	Three Months Ended September 30, 2024 (Continued)
	Construction			Commercial			Consumer			Total
Allowance for credit losses:
Balance, beginning of period	$	337		$	1,053		$	65		$	7,499
Provision (credit) charged to expense		(59	)		231			1			377
Losses charged off		—			(50	)		(9	)		(409	)
Recoveries		—			2			2			5

Balance, end of period	$	278		$	1,236		$	59		$	7,472

Loans:
Ending balance	$	30,839		$	98,894		$	7,186		$	654,189

Credit Risk Profile of Association's Loan Portfolio Based on Risk Rating Category and Calendar Year of Origination

The following tables present the credit risk profile of the Company’s loan portfolio based on risk rating category and calendar year of origination as of both September 30, 2025 and June 30, 2025 (in thousands):


September 30, 2025
Risk Rating	2025			2024			2023		2022		2021		Prior Years		Total
One- to Four-Family
Pass	$	25,196		$	23,827		$	30,970	$	43,951	$	18,951	$	37,950	$	180,845
Watch		—			34			274		—		—		40		348
Substandard		—			254			—		3		5		162		424

Total	$	25,196		$	24,115		$	31,244	$	43,954	$	18,956	$	38,152	$	181,617

Current period recoveries	$	—		$	—		$	—	$	—	$	—	$	2	$	2
Multi-Family
Pass	$	7,326		$	15,562		$	10,322	$	38,340	$	19,684	$	26,861	$	118,095
Watch		—			—			—		—		—		—		—
Substandard		—			—			—		—		—		223		223

Total	$	7,326		$	15,562		$	10,322	$	38,340	$	19,684	$	27,084	$	118,318

Commercial Real Estate
Pass	$	10,943		$	14,199		$	25,985	$	49,163	$	28,706	$	64,903	$	193,899
Watch		—			—			—		170		—		—		170
Substandard		—			123			—		503		829		498		1,953

Total	$	10,943		$	14,322		$	25,985	$	49,836	$	29,535	$	65,401	$	196,022

Home Equity Line of Credit
Pass	$	1,778		$	2,570		$	1,788	$	1,512	$	1,208	$	1,503	$	10,359
Watch		—			—			—		—		—		—		—
Substandard		—			—			—		—		—		—		—

Total	$	1,778		$	2,570		$	1,788	$	1,512	$	1,208	$	1,503	$	10,359

Construction
Pass	$	6,367		$	1,476		$	12,050	$	122	$	—	$	—	$	20,015
Watch		—			—			—		—		—		—		—
Substandard		—			—			—		—		—		—		—

Total	$	6,367		$	1,476		$	12,050	$	122	$	—	$	—	$	20,015

Commercial Business
Pass	$	14,119		$	20,747		$	31,849	$	3,249	$	5,432	$	14,403	$	89,799
Watch		—			—			—		49		—		17		66
Substandard		—			—			3,067		—		100		211		3,378

Total	$	14,119		$	20,747		$	34,916	$	3,298	$	5,532	$	14,631	$	93,243

Current period charge-offs	$	—		$	(70	)	$	—	$	—	$	—	$	—	$	(70	)
Current period recoveries	$	—		$	—		$	—	$	—	$	—	$	2	$	2
Consumer
Pass	$	2,184		$	1,376		$	1,207	$	775	$	230	$	77	$	5,849
Watch		—			—			—		—		—		—		—
Substandard		—			—			15		—		—		—		15

Total	$	2,184		$	1,376		$	1,222	$	775	$	230	$	77	$	5,864

Current period charge-offs	$	(9	)	$	—		$	—	$	—	$	—	$	—	$	(9	)
Current period recoveries	$	4		$	—		$	—	$	—	$	—	$	—	$	4
Total Loans
Pass	$	67,913		$	79,757		$	114,171	$	137,112	$	74,211	$	145,697	$	618,861
Watch		—			34			274		219		—		57		584
Substandard		—			377			3,082		506		934		1,094		5,993

Total	$	67,913		$	80,168		$	117,527	$	137,837	$	75,145	$	146,848	$	625,438


June 30, 2025
Risk Rating	2025			2024			2023		2022			2021		Prior Years			Total
One- to Four-Family
Pass	$	16,760		$	23,826		$	32,946	$	45,173		$	19,879	$	40,102		$	178,686
Watch		—			—			—		—			51		40			91
Substandard		—			—			—		3			5		194			202

Total	$	16,760		$	23,826		$	32,946	$	45,176		$	19,935	$	40,336		$	178,979

Current period charge-offs	$	—		$	—		$	—	$	—		$	—	$	(79	)	$	(79	)
Current period recoveries	$	—		$	—		$	—	$	—		$	—	$	2		$	2
Multi-Family
Pass	$	4,517		$	15,648		$	10,379	$	39,148		$	19,827	$	36,383		$	125,902
Watch		—			—			—		—			—		—			—
Substandard		—			—			—		—			—		225			225

Total	$	4,517		$	15,648		$	10,379	$	39,148		$	19,827	$	36,608		$	126,127

Current period charge-offs	$	—		$	(350	)	$	—	$	—		$	—	$	—		$	(350	)
Current period recoveries	$	—		$	220		$	—	$	—		$	—	$	—		$	220
Commercial Real Estate
Pass	$	9,649		$	14,724		$	26,490	$	50,471		$	28,946	$	69,788		$	200,068
Watch		—			—			—		—			135		—			135
Substandard		—			—			—		—			846		501			1,347

Total	$	9,649		$	14,724		$	26,490	$	50,471		$	29,927	$	70,289		$	201,550

Home Equity Line of Credit
Pass	$	1,004		$	2,884		$	1,851	$	1,616		$	1,230	$	1,902		$	10,487
Watch		—			—			—		—			—		—			—
Substandard		—			—			—		—			—		—			—

Total	$	1,004		$	2,884		$	1,851	$	1,616		$	1,230	$	1,902		$	10,487

Construction
Pass	$	2,165		$	8,574		$	12,062	$	123		$	—	$	3		$	22,927
Watch		—			—			—		—			—		—			—
Substandard		—			—			—		—			—		—			—

Total	$	2,165		$	8,574		$	12,062	$	123		$	—	$	3		$	22,927

Commercial Business
Pass	$	10,266		$	23,374		$	31,068	$	4,070		$	5,209	$	14,493		$	88,480
Watch		—			—			—		—			—		—			—
Substandard		—			—			3,355		3			197		1,926			5,481

Total	$	10,266		$	23,374		$	34,423	$	4,073		$	5,406	$	16,419		$	93,961

Current period charge-offs	$	—		$	(50	)	$	—	$	—		$	—	$	—		$	(50	)
Current period recoveries	$	—		$	50		$	—	$	—		$	—	$	63		$	113
Consumer
Pass	$	1,489		$	1,583		$	1,430	$	883		$	304	$	149		$	5,838
Watch		—			—			—		—			—		—			—
Substandard		—			—			17		—			—		—			17

Total	$	1,489		$	1,583		$	1,447	$	883		$	304	$	149		$	5,855

Current period charge-offs	$	(28	)	$	(41	)	$	—	$	(1	)	$	—	$	—		$	(70	)
Current period recoveries	$	7		$	13		$	—	$	—		$	—	$	—		$	20
Total Loans
Pass	$	45,850		$	90,613		$	116,226	$	141,484		$	75,395	$	162,820		$	632,388
Watch		—			—			—		—			186		40			226
Substandard		—			—			3,372		6			1,048		2,846			7,272

Total	$	45,850		$	90,613		$	119,598	$	141,490		$	76,629	$	165,706		$	639,886

Association's Loan Portfolio Aging Analysis

The following tables present the Company’s loan portfolio aging analysis:


	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans Receivable		Total Loans > 90 Days & Accruing
September 30, 2025:
Real estate loans:
One- to four-family	$	636	$	479	$	254	$	1,369	$	180,248	$	181,617	$	—
Multi-family		113		—		—		113		118,205		118,318		—
Commercial		583		415		626		1,624		194,398		196,022		—
Home equity lines of credit		14		—		—		14		10,345		10,359		—
Construction		—		—		—		—		20,015		20,015		—
Commercial		20		—		122		142		93,101		93,243		—
Consumer		8		62		—		70		5,794		5,864		—

Total	$	1,374	$	956	$	1,002	$	3,332	$	622,106	$	625,438	$	—


	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans Receivable		Total Loans > 90 Days & Accruing
June 30, 2025:
Real estate loans:
One- to four-family	$	866	$	307	$	29	$	1,202	$	177,777	$	178,979	$	29
Multi-family		25		—		—		25		126,102		126,127		—
Commercial		1,049		249		—		1,298		200,252		201,550		—
Home equity lines of credit		—		—		—		—		10,487		10,487		—
Construction		—		—		—		—		22,927		22,927		—
Commercial		256		300		—		556		93,405		93,961		—
Consumer		56		—		17		73		5,782		5,855		—

Total	$	2,252	$	856	$	46	$	3,154	$	636,732	$	639,886	$	29

Nonaccrual with no Allowance for Credit Losses and Nonaccrual Loans

The following table presents the amortized cost basis of loans on nonaccrual status and of nonaccrual loans individually evaluated for which no allowance was recorded at September 30, 2025 and June 30, 2025:


	September 30, 2025				June 30, 2025
	Nonaccrual with no Allowance for Credit Losses		Nonaccrual		Nonaccrual with no Allowance for Credit Losses		Nonaccrual
Mortgages on real estate:
One- to four-family	$	254	$	254	$	—	$	—
Multi-family		—		—		—		—
Commercial		626		626		—		—
Home equity lines of credit		—		—		—		—
Construction loans		—		—		—		—
Commercial business loans		—		—		—		—
Consumer loans		—		15		—		17

Total	$	880	$	895	$	—	$	17

IF Bancorp, Inc. 10-Q