CFSB Bancorp, Inc.是一家于 2022 年 1 月成立的联邦公司，作为 Colonial Federal Savings Bank 的储蓄和贷款控股公司，已发布其年度 10-K 报告。该报告提供了公司财务表现、业务运营、战略举措以及面临的挑战和风险的全面概述。
财务亮点
<ul>
<li>总利息和股息收入：1310 万美元，较去年增长 12.2%，主要由于应税债务证券和短期投资的利息和股息增加。</li>
<li>净利息收入：700 万美元，较去年增长 4.1%，主要受益于利息收入资产的平均余额增加和这些资产的平均收益率提高。</li>
<li>净（亏损）收入：$(265,000)，相比去年净收入 33,000 美元，主要由于信用损失准备金增加和非利息费用上升。</li>
<li>每股净（亏损）收入 - 基本：$(0.04)，相比去年$0.01，反映出年度内的净亏损。</li>
<li>每股净（亏损）收入 - 稀释：$(0.04)，与基本每股收益一致，因为没有稀释效应。</li>
</ul>
业务亮点
<ul>
<li>公司概况：CFSB Bancorp, Inc.主要从事持有 Colonial Federal Savings Bank 的普通股，并支持其运营。</li>
<li>市场区域：公司主要在马萨诸塞州的诺福克县和普利茅斯县运营，专注于波士顿的住宅郊区。诺福克县以其高中位家庭收入和教育水平而闻名。</li>
<li>贷款活动：主要贷款活动为一至四家庭住宅房地产贷款，占总贷款组合的 79.4%。公司还从事多家庭和商业房地产贷款，重点是多样化其贷款组合。</li>
<li>贷款组合构成：截至 2025 年 6 月 30 日，贷款组合包括 1.423 亿美元的一至四家庭住宅贷款、1640 万美元的多家庭贷款和 1430 万美元的商业房地产贷款。</li>
<li>地理表现：公司的运营集中在马萨诸塞州的诺福克县，该地区以高比例的白领专业人士和低于全国平均水平的失业率为特征。</li>
<li>竞争：公司面临来自各种金融机构的激烈竞争，包括大型银行、社区银行和信用合作社，特别是在贷款发放和存款吸引方面。</li>
<li>监管环境：CFSB Bancorp 及其银行受到联邦机构（包括 OCC 和联邦储备委员会）的全面监管，影响其运营活动和战略决策。</li>
<li>未来展望：公司计划继续专注于扩大资产负债表和提高盈利能力，强调多家庭和商业房地产贷款的发放，具体取决于市场条件。</li>
</ul>
战略举措
<ul>
<li>合并协议：公司与 Hometown Financial Group, MHC 签署了合并协议，包括一系列合并，最终将银行与 North Shore Bank 合并。此战略举措旨在增强公司的市场地位和运营规模。</li>
<li>资本管理：截至 2025 年 6 月 30 日，公司在年度内回购了 49.5 万美元的自有股票。此外，公司保持了强劲的流动性，存款净增加 330 万美元，并拥有 1040 万美元的联邦住房贷款银行贷款。公司还能够从波士顿的联邦住房贷款银行借入额外的 5300 万美元。</li>
<li>未来展望：公司预计将有足够的资金满足当前的融资承诺，计划通过增加核心存款和必要时补充联邦住房贷款银行贷款来增加贷款。与 Hometown Financial Group 的合并预计将提供进一步的战略增长机会。</li>
</ul>
挑战与风险
<ul>
<li>并购相关风险：与 Hometown Financial Group 的待定合并带来了不确定性，可能会影响 CFSB Bancorp 吸引和留住关键人员以及维护客户关系的能力。合并协议限制某些商业行为，可能限制商业机会。预计将产生与合并相关的重大成本，并且无法保证预期的收益能够抵消这些成本。</li>
<li>监管风险：该合并需要获得各个监管机构的批准，这可能会施加条件，从而延迟完成或增加成本。如果未能在 2026 年 3 月 31 日前完成合并，任一方均可终止协议，这可能会影响 CFSB Bancorp 未来的业务和财务结果。</li>
<li>贷款风险：当地房地产市场的下滑可能会对盈利能力产生负面影响，因为几乎所有贷款都是以房地产作为担保。公司还面临与信用损失准备金相关的风险，这可能不足以覆盖实际贷款损失，尤其是在其增加多户住宅和商业房地产贷款组合时。</li>
<li>经济风险：主要市场区域的通货膨胀和不利经济条件可能会对财务表现产生不利影响。由于在马萨诸塞州诺福克县和普利茅斯县的房地产担保贷款高度集中，公司特别容易受到当地经济下滑的影响。</li>
<li>运营风险：公司在很大程度上依赖技术，这使其面临系统故障、安全漏洞和网络攻击的风险。此外，依赖第三方供应商还引入了进一步的网络安全风险。</li>
<li>合规风险：不遵守如《美国爱国者法案》和《银行保密法》等法律可能导致罚款或制裁。法律和法规的变化也可能增加运营成本。</li>
<li>市场风险：公司在其市场区域面临激烈竞争，这可能限制增长和盈利能力。与竞争对手相比，其较小的资产规模可能会妨碍其有效竞争的能力。</li>
</ul>
SEC 备案：CFSB Bancorp, Inc. /MA/ [ CFSB ] - 10-K -2025 年 9 月 18 日

CFSB

CFSB Bancorp, Inc. 发布了其年度 10-K 报告，强调总利息和股息收入为 1310 万美元，比去年增长 12.2%。然而，公司报告净亏损 26.5 万美元，而去年净收入为 3.3 万美元。报告概述了公司对住宅房地产贷款的关注、与 Hometown Financial Group 的合并协议，以及面临的监管和经济风险挑战。公司旨在通过战略性增长举措提升盈利能力，同时应对潜在的合并相关不确定性

CFSB Bancorp, Inc., a federal corporation formed in January 2022 to serve as the savings and loan holding company for Colonial Federal Savings Bank, has released its annual 10-K report. The report provides a comprehensive overview of the company's financial performance, business operations, strategic initiatives, and the challenges and risks it faces.
<div class="lb-trans">CFSB Bancorp, Inc.是一家于 2022 年 1 月成立的联邦公司，作为 Colonial Federal Savings Bank 的储蓄和贷款控股公司，已发布其年度 10-K 报告。该报告提供了公司财务表现、业务运营、战略举措以及面临的挑战和风险的全面概述。
</div>Financial Highlights
<div class="lb-trans">财务亮点
</div><ul>
<li>Total Interest and Dividend Income: $13.1 million, reflecting a 12.2% increase from the previous year due to higher interest and dividends on taxable debt securities and short-term investments.</li>
<li>Net Interest Income: $7.0 million, an increase of 4.1% from the prior year, driven by an increase in the average balance of interest-earning assets and a higher average rate earned on these assets.</li>
<li>Net (Loss) Income: $(265,000), compared to a net income of $33,000 in the previous year, primarily due to an increase in the provision for credit losses and higher non-interest expenses.</li>
<li>Net (Loss) Income Per Share - Basic: $(0.04), compared to $0.01 in the previous year, reflecting the net loss incurred during the year.</li>
<li>Net (Loss) Income Per Share - Diluted: $(0.04), consistent with the basic earnings per share, as there were no dilutive effects.</li>
</ul>
<div class="lb-trans"><ul>
<li>总利息和股息收入：1310 万美元，较去年增长 12.2%，主要由于应税债务证券和短期投资的利息和股息增加。</li>
<li>净利息收入：700 万美元，较去年增长 4.1%，主要受益于利息收入资产的平均余额增加和这些资产的平均收益率提高。</li>
<li>净（亏损）收入：$(265,000)，相比去年净收入 33,000 美元，主要由于信用损失准备金增加和非利息费用上升。</li>
<li>每股净（亏损）收入 - 基本：$(0.04)，相比去年$0.01，反映出年度内的净亏损。</li>
<li>每股净（亏损）收入 - 稀释：$(0.04)，与基本每股收益一致，因为没有稀释效应。</li>
</ul>
</div>Business Highlights
<div class="lb-trans">业务亮点
</div><ul>
<li>Company Overview: CFSB Bancorp, Inc. primarily engages in holding the common stock of Colonial Federal Savings Bank and supporting its operations.</li>
<li>Market Area: The company operates primarily in Norfolk and Plymouth Counties, Massachusetts, focusing on residential suburbs of Boston. Norfolk County is noted for its high median household income and educational attainment.</li>
<li>Lending Activities: The primary lending activity is one- to four-family residential real estate loans, which constitute 79.4% of the total loan portfolio. The company also engages in multi-family and commercial real estate lending, with a focus on diversifying its loan portfolio.</li>
<li>Loan Portfolio Composition: As of June 30, 2025, the loan portfolio includes $142.3 million in one- to four-family residential loans, $16.4 million in multi-family loans, and $14.3 million in commercial real estate loans.</li>
<li>Geographical Performance: The company’s operations are concentrated in Norfolk County, Massachusetts, characterized by a high concentration of white-collar professionals and a low unemployment rate compared to the national average.</li>
<li>Competition: The company faces significant competition from various financial institutions, including large banks, community banks, and credit unions, particularly in the areas of loan origination and deposit attraction.</li>
<li>Regulatory Environment: CFSB Bancorp and its bank are subject to comprehensive regulation by federal agencies, including the OCC and the Federal Reserve Board, impacting their operational activities and strategic decisions.</li>
<li>Future Outlook: The company plans to continue focusing on growing its balance sheet and improving profitability by emphasizing the origination of multi-family and commercial real estate loans, subject to market conditions.</li>
</ul>
<div class="lb-trans"><ul>
<li>公司概况：CFSB Bancorp, Inc.主要从事持有 Colonial Federal Savings Bank 的普通股，并支持其运营。</li>
<li>市场区域：公司主要在马萨诸塞州的诺福克县和普利茅斯县运营，专注于波士顿的住宅郊区。诺福克县以其高中位家庭收入和教育水平而闻名。</li>
<li>贷款活动：主要贷款活动为一至四家庭住宅房地产贷款，占总贷款组合的 79.4%。公司还从事多家庭和商业房地产贷款，重点是多样化其贷款组合。</li>
<li>贷款组合构成：截至 2025 年 6 月 30 日，贷款组合包括 1.423 亿美元的一至四家庭住宅贷款、1640 万美元的多家庭贷款和 1430 万美元的商业房地产贷款。</li>
<li>地理表现：公司的运营集中在马萨诸塞州的诺福克县，该地区以高比例的白领专业人士和低于全国平均水平的失业率为特征。</li>
<li>竞争：公司面临来自各种金融机构的激烈竞争，包括大型银行、社区银行和信用合作社，特别是在贷款发放和存款吸引方面。</li>
<li>监管环境：CFSB Bancorp 及其银行受到联邦机构（包括 OCC 和联邦储备委员会）的全面监管，影响其运营活动和战略决策。</li>
<li>未来展望：公司计划继续专注于扩大资产负债表和提高盈利能力，强调多家庭和商业房地产贷款的发放，具体取决于市场条件。</li>
</ul>
</div>Strategic Initiatives
<div class="lb-trans">战略举措
</div><ul>
<li>Merger Agreement: The company entered into a Merger Agreement with Hometown Financial Group, MHC, which includes a series of mergers culminating in the Bank merging with North Shore Bank. This strategic initiative aims to enhance the company's market position and operational scale.</li>
<li>Capital Management: The company repurchased $495,000 of its own stock during the year ended June 30, 2025. Additionally, the company maintained a strong liquidity position with a net increase in deposits of $3.3 million and had $10.4 million in Federal Home Loan Bank advances. The company also had the ability to borrow an additional $53.0 million from the Federal Home Loan Bank of Boston.</li>
<li>Future Outlook: The company anticipates having sufficient funds to meet its current funding commitments, with plans to increase loans supported by an increase in core deposits and supplemented by Federal Home Loan Bank advances as needed. The merger with Hometown Financial Group is expected to provide further strategic growth opportunities.</li>
</ul>
<div class="lb-trans"><ul>
<li>合并协议：公司与 Hometown Financial Group, MHC 签署了合并协议，包括一系列合并，最终将银行与 North Shore Bank 合并。此战略举措旨在增强公司的市场地位和运营规模。</li>
<li>资本管理：截至 2025 年 6 月 30 日，公司在年度内回购了 49.5 万美元的自有股票。此外，公司保持了强劲的流动性，存款净增加 330 万美元，并拥有 1040 万美元的联邦住房贷款银行贷款。公司还能够从波士顿的联邦住房贷款银行借入额外的 5300 万美元。</li>
<li>未来展望：公司预计将有足够的资金满足当前的融资承诺，计划通过增加核心存款和必要时补充联邦住房贷款银行贷款来增加贷款。与 Hometown Financial Group 的合并预计将提供进一步的战略增长机会。</li>
</ul>
</div>Challenges and Risks
<div class="lb-trans">挑战与风险
</div><ul>
<li>Merger-Related Risks: The pending merger with Hometown Financial Group presents uncertainties that could impair CFSB Bancorp's ability to attract and retain key personnel and maintain customer relationships. The merger agreement restricts certain business actions, potentially limiting business opportunities. Significant costs related to the merger are expected, and there is no assurance that the anticipated benefits will offset these costs.</li>
<li>Regulatory Risks: The merger requires approvals from various regulatory authorities, which may impose conditions that could delay completion or increase costs. Failure to complete the merger by March 31, 2026, allows either party to terminate the agreement, potentially impacting CFSB Bancorp's future business and financial results.</li>
<li>Lending Risks: A downturn in the local real estate market could negatively impact profitability, as almost all loans are secured by real estate. The company also faces risks related to its allowance for credit losses, which may not be sufficient to cover actual loan losses, especially as it increases its portfolio of multi-family and commercial real estate loans.</li>
<li>Economic Risks: Inflation and adverse economic conditions in the primary market area could adversely affect financial performance. The company is particularly vulnerable to local economic downturns due to its high concentration of real estate-secured loans in Norfolk and Plymouth Counties, Massachusetts.</li>
<li>Operational Risks: The company relies heavily on technology, exposing it to risks of system failures, security breaches, and cyber-attacks. Additionally, reliance on third-party vendors introduces further cybersecurity risks.</li>
<li>Regulatory Compliance Risks: Non-compliance with laws such as the USA PATRIOT Act and Bank Secrecy Act could result in fines or sanctions. Changes in laws and regulations could also increase operational costs.</li>
<li>Market Risks: The company faces intense competition in its market area, which may limit growth and profitability. Its smaller asset size compared to competitors may hinder its ability to compete effectively.</li>
</ul>
<div class="lb-trans"><ul>
<li>并购相关风险：与 Hometown Financial Group 的待定合并带来了不确定性，可能会影响 CFSB Bancorp 吸引和留住关键人员以及维护客户关系的能力。合并协议限制某些商业行为，可能限制商业机会。预计将产生与合并相关的重大成本，并且无法保证预期的收益能够抵消这些成本。</li>
<li>监管风险：该合并需要获得各个监管机构的批准，这可能会施加条件，从而延迟完成或增加成本。如果未能在 2026 年 3 月 31 日前完成合并，任一方均可终止协议，这可能会影响 CFSB Bancorp 未来的业务和财务结果。</li>
<li>贷款风险：当地房地产市场的下滑可能会对盈利能力产生负面影响，因为几乎所有贷款都是以房地产作为担保。公司还面临与信用损失准备金相关的风险，这可能不足以覆盖实际贷款损失，尤其是在其增加多户住宅和商业房地产贷款组合时。</li>
<li>经济风险：主要市场区域的通货膨胀和不利经济条件可能会对财务表现产生不利影响。由于在马萨诸塞州诺福克县和普利茅斯县的房地产担保贷款高度集中，公司特别容易受到当地经济下滑的影响。</li>
<li>运营风险：公司在很大程度上依赖技术，这使其面临系统故障、安全漏洞和网络攻击的风险。此外，依赖第三方供应商还引入了进一步的网络安全风险。</li>
<li>合规风险：不遵守如《美国爱国者法案》和《银行保密法》等法律可能导致罚款或制裁。法律和法规的变化也可能增加运营成本。</li>
<li>市场风险：公司在其市场区域面临激烈竞争，这可能限制增长和盈利能力。与竞争对手相比，其较小的资产规模可能会妨碍其有效竞争的能力。</li>
</ul>
</div>SEC Filing: CFSB Bancorp, Inc. /MA/ [ CFSB ] - 10-K - Sep. 18, 2025
<div class="lb-trans">SEC 备案：CFSB Bancorp, Inc. /MA/ [ CFSB ] - 10-K -2025 年 9 月 18 日
</div>

CFSB Bancorp, Inc. /MA/ 美国证券交易委员会 10-K 报告