v3.26.1
Condensed Parent only Financial Information (Tables)
12 Months Ended
Mar. 31, 2026
Condensed Parent only Financial Information [Abstract]  
Schedule of Condensed Balance Sheets

CENTRAL PLAINS BANCHSARES, INC.

CONDENSED BALANCE SHEETS

 

 

 

As of
March 31, 2026

 

 

As of
March 31, 2025

 

 

 

(Dollars in thousands)

 

Assets:

 

 

 

 

 

 

Cash

 

$

14,774

 

 

$

15,610

 

Investment in subsidiary

 

 

70,892

 

 

 

64,435

 

Loan to ESOP

 

 

2,957

 

 

 

3,004

 

Receivable from subsidiary

 

 

83

 

 

 

95

 

Deferred tax asset

 

 

71

 

 

 

 

Other assets

 

 

213

 

 

 

198

 

Total assets

 

$

88,990

 

 

$

83,342

 

Liabilities:

 

 

 

 

 

 

Deferred tax liability

 

 

 

 

 

10

 

Total liabilities

 

 

 

 

 

10

 

Stockholders' equity:

 

 

 

 

 

 

Common Stock

 

 

41

 

 

 

41

 

Additional paid-in capital

 

 

39,672

 

 

 

39,265

 

Retained earnings

 

 

54,404

 

 

 

50,652

 

Unallocated common shares held by ESOP

 

 

(2,875

)

 

 

(3,007

)

Accumulated other comprehensive loss, net

 

 

(2,252

)

 

 

(3,619

)

Total stockholders' equity

 

 

88,990

 

 

 

83,332

 

Total liabilities and stockholders' equity

 

$

88,990

 

 

$

83,342

 

Schedule of Condensed Statements of Operations

CENTRAL PLAINS BANCHSARES, INC.

CONDENSED STATEMENTS OF OPERATIONS

 

 

 

For the year ended March 31,

 

 

For the Year Ended March 31,

 

 

 

2026

 

 

2025

 

 

 

(Dollars in thousands)

 

Income:

 

 

 

 

 

 

Interest income

 

$

255

 

 

$

259

 

Total income

 

 

255

 

 

 

259

 

Expense:

 

 

 

 

 

 

Non-interest expense

 

$

1,321

 

 

$

909

 

Total expense

 

 

1,321

 

 

 

909

 

Losses before income tax benefit and equity in undistributed earnings of subsidiary

 

$

(1,066

)

 

$

(650

)

Income tax benefit

 

 

(183

)

 

 

(128

)

Losses before equity in undistributed earnings of subsidiary

 

$

(883

)

 

$

(522

)

Equity in undistributed earnings of subsidiary

 

 

4,883

 

 

 

4,176

 

Net income

 

$

4,000

 

 

$

3,654

 

Schedule of Condensed Statements of Cash Flows

CENTRAL PLAINS BANCHSARES, INC.

CONDENSED STATEMENTS OF CASH FLOWS

 

 

 

Year Ended March 31,

 

 

Year Ended March 31,

 

 

 

2026

 

 

2025

 

 

 

(Dollars in thousands)

 

Cash flows from operating activities:

 

 

 

 

 

 

Net income

 

$

4,000

 

 

$

3,654

 

Adjustments to reconcile net income to net cash provided
   by operating activities:

 

 

 

 

 

 

Net change in other assets

 

 

(11

)

 

 

3

 

Net change in receivable from subsidiary

 

 

12

 

 

 

(9

)

Net change in deferred tax liability

 

 

(81

)

 

 

(33

)

Stock-based compensation expense

 

 

759

 

 

 

193

 

Equity in undistributed earnings of subsidiary

 

 

(4,883

)

 

 

(4,176

)

Net cash used in operating activities

 

 

(204

)

 

 

(368

)

Cash flows from investing activities:

 

 

 

 

 

 

Principal payments on loan to ESOP

 

 

47

 

 

 

43

 

Net cash provided by investing activities

 

 

47

 

 

 

43

 

Cash flows from financing activities:

 

 

 

 

 

 

Repurchase of common stock

 

 

(679

)

 

 

(413

)

Net cash used in financing activities

 

 

(679

)

 

 

(413

)

Net decrease in cash and cash equivalents

 

 

(836

)

 

 

(738

)

Cash and cash equivalents—beginning of period

 

 

15,610

 

 

 

16,348

 

Cash and cash equivalents—end of period

 

$

14,774

 

 

$

15,610