| Condensed Parent only Financial Information |
Note 18 - CONDENSED Parent ONLY Financial INFORMATION The Parent Company’s condensed balance sheet and related condensed statements of operations and cash flows are as follows. CENTRAL PLAINS BANCHSARES, INC. CONDENSED BALANCE SHEETS
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As of March 31, 2026 |
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As of March 31, 2025 |
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(Dollars in thousands) |
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Assets: |
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Cash |
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$ |
14,774 |
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$ |
15,610 |
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Investment in subsidiary |
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70,892 |
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64,435 |
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Loan to ESOP |
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2,957 |
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|
3,004 |
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Receivable from subsidiary |
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83 |
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|
95 |
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Deferred tax asset |
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71 |
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— |
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Other assets |
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213 |
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198 |
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Total assets |
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$ |
88,990 |
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$ |
83,342 |
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Liabilities: |
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Deferred tax liability |
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— |
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10 |
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Total liabilities |
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— |
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10 |
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Stockholders' equity: |
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Common Stock |
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41 |
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41 |
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Additional paid-in capital |
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39,672 |
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39,265 |
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Retained earnings |
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54,404 |
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50,652 |
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Unallocated common shares held by ESOP |
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(2,875 |
) |
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(3,007 |
) |
Accumulated other comprehensive loss, net |
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(2,252 |
) |
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(3,619 |
) |
Total stockholders' equity |
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88,990 |
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83,332 |
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Total liabilities and stockholders' equity |
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$ |
88,990 |
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$ |
83,342 |
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CENTRAL PLAINS BANCHSARES, INC. CONDENSED STATEMENTS OF OPERATIONS
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For the year ended March 31, |
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For the Year Ended March 31, |
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2026 |
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2025 |
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(Dollars in thousands) |
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Income: |
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Interest income |
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$ |
255 |
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$ |
259 |
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Total income |
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255 |
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259 |
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Expense: |
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Non-interest expense |
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$ |
1,321 |
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$ |
909 |
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Total expense |
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1,321 |
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|
909 |
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Losses before income tax benefit and equity in undistributed earnings of subsidiary |
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$ |
(1,066 |
) |
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$ |
(650 |
) |
Income tax benefit |
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(183 |
) |
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(128 |
) |
Losses before equity in undistributed earnings of subsidiary |
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$ |
(883 |
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$ |
(522 |
) |
Equity in undistributed earnings of subsidiary |
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4,883 |
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4,176 |
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Net income |
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$ |
4,000 |
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$ |
3,654 |
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CENTRAL PLAINS BANCHSARES, INC. CONDENSED STATEMENTS OF CASH FLOWS
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Year Ended March 31, |
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Year Ended March 31, |
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2026 |
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2025 |
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(Dollars in thousands) |
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Cash flows from operating activities: |
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Net income |
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$ |
4,000 |
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$ |
3,654 |
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Adjustments to reconcile net income to net cash provided by operating activities: |
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Net change in other assets |
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(11 |
) |
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3 |
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Net change in receivable from subsidiary |
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12 |
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(9 |
) |
Net change in deferred tax liability |
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(81 |
) |
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(33 |
) |
Stock-based compensation expense |
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759 |
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193 |
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Equity in undistributed earnings of subsidiary |
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(4,883 |
) |
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(4,176 |
) |
Net cash used in operating activities |
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(204 |
) |
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(368 |
) |
Cash flows from investing activities: |
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Principal payments on loan to ESOP |
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47 |
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43 |
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Net cash provided by investing activities |
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47 |
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43 |
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Cash flows from financing activities: |
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Repurchase of common stock |
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(679 |
) |
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(413 |
) |
Net cash used in financing activities |
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(679 |
) |
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(413 |
) |
Net decrease in cash and cash equivalents |
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(836 |
) |
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(738 |
) |
Cash and cash equivalents—beginning of period |
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15,610 |
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16,348 |
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Cash and cash equivalents—end of period |
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$ |
14,774 |
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$ |
15,610 |
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