Core Points - CFSB Bancorp, Inc. reported a net loss of 162,000forthethreemonthsendedDecember31,2024,comparedtoanetlossof210,000 for the same period in 2023, indicating a slight improvement in financial performance [1][5][28] - The company experienced a net interest income increase of 45,000,or2.7681,000, or 0.2%, to 362.8millionasofDecember31,2024,primarilyduetodecreasesincashandtotalloans[18][20]FinancialPerformance−ForthesixmonthsendedDecember31,2024,thecompanyrecordedanetlossof168,000, compared to a net loss of 87,000forthesameperiodin2023[2][12]−Thenetinterestmargindecreasedby17basispointsto1.95935,000, or 16.7%, for the six months ended December 31, 2024, due to higher yields on cash and short-term investments [12][36] Asset Quality - The allowance for credit losses on loans as a percentage of total loans was 0.83% as of December 31, 2024, down from 0.93% a year earlier, reflecting improved asset quality [6][19] - The company recorded reversals of the provision for credit losses of 79,000forthethreemonthsendedDecember31,2024,indicatingapositivetrendincreditquality[6][13]Non−InterestIncomeandExpenses−Non−interestincomedecreasedby5,000, or 2.9%, to 165,000forthethreemonthsendedDecember31,2024,primarilyduetoadecreaseincustomerservicefees[7][15]−Non−interestexpensesincreasedby173,000, or 9.2%, to 2.0millionforthethreemonthsendedDecember31,2024,mainlyduetohighersalariesandemployeebenefits[8][16]BalanceSheet−Totalliabilitiesdecreasedby302,000, or 0.5%, to 287.1millionasofDecember31,2024,withdepositsdecreasingby483,000 [20][21] - Total stockholders' equity decreased by 379,000to75.7 million at December 31, 2024, primarily due to the net loss for the period [21][22]
