CFSB Bancorp, Inc.是一家於 2022 年 1 月成立的聯邦公司，作為 Colonial Federal Savings Bank 的儲蓄和貸款控股公司，已發佈其年度 10-K 報告。該報告提供了公司財務表現、業務運營、戰略舉措以及面臨的挑戰和風險的全面概述。
財務亮點
<ul>
<li>總利息和股息收入：1310 萬美元，較去年增長 12.2%，主要由於應税債務證券和短期投資的利息和股息增加。</li>
<li>淨利息收入：700 萬美元，較去年增長 4.1%，主要受益於利息收入資產的平均餘額增加和這些資產的平均收益率提高。</li>
<li>淨（虧損）收入：$(265,000)，相比去年淨收入 33,000 美元，主要由於信用損失準備金增加和非利息費用上升。</li>
<li>每股淨（虧損）收入 - 基本：$(0.04)，相比去年$0.01，反映出年度內的淨虧損。</li>
<li>每股淨（虧損）收入 - 稀釋：$(0.04)，與基本每股收益一致，因為沒有稀釋效應。</li>
</ul>
業務亮點
<ul>
<li>公司概況：CFSB Bancorp, Inc.主要從事持有 Colonial Federal Savings Bank 的普通股，並支持其運營。</li>
<li>市場區域：公司主要在馬薩諸塞州的諾福克縣和普利茅斯縣運營，專注于波士頓的住宅郊區。諾福克縣以其高中位家庭收入和教育水平而聞名。</li>
<li>貸款活動：主要貸款活動為一至四家庭住宅房地產貸款，佔總貸款組合的 79.4%。公司還從事多家庭和商業房地產貸款，重點是多樣化其貸款組合。</li>
<li>貸款組合構成：截至 2025 年 6 月 30 日，貸款組合包括 1.423 億美元的一至四家庭住宅貸款、1640 萬美元的多家庭貸款和 1430 萬美元的商業房地產貸款。</li>
<li>地理表現：公司的運營集中在馬薩諸塞州的諾福克縣，該地區以高比例的白領專業人士和低於全國平均水平的失業率為特徵。</li>
<li>競爭：公司面臨來自各種金融機構的激烈競爭，包括大型銀行、社區銀行和信用合作社，特別是在貸款發放和存款吸引方面。</li>
<li>監管環境：CFSB Bancorp 及其銀行受到聯邦機構（包括 OCC 和聯邦儲備委員會）的全面監管，影響其運營活動和戰略決策。</li>
<li>未來展望：公司計劃繼續專注於擴大資產負債表和提高盈利能力，強調多家庭和商業房地產貸款的發放，具體取決於市場條件。</li>
</ul>
戰略舉措
<ul>
<li>合併協議：公司與 Hometown Financial Group, MHC 簽署了合併協議，包括一系列合併，最終將銀行與 North Shore Bank 合併。此戰略舉措旨在增強公司的市場地位和運營規模。</li>
<li>資本管理：截至 2025 年 6 月 30 日，公司在年度內回購了 49.5 萬美元的自有股票。此外，公司保持了強勁的流動性，存款淨增加 330 萬美元，並擁有 1040 萬美元的聯邦住房貸款銀行貸款。公司還能夠從波士頓的聯邦住房貸款銀行借入額外的 5300 萬美元。</li>
<li>未來展望：公司預計將有足夠的資金滿足當前的融資承諾，計劃通過增加核心存款和必要時補充聯邦住房貸款銀行貸款來增加貸款。與 Hometown Financial Group 的合併預計將提供進一步的戰略增長機會。</li>
</ul>
挑戰與風險
<ul>
<li>併購相關風險：與 Hometown Financial Group 的待定合併帶來了不確定性，可能會影響 CFSB Bancorp 吸引和留住關鍵人員以及維護客户關係的能力。合併協議限制某些商業行為，可能限制商業機會。預計將產生與合併相關的重大成本，並且無法保證預期的收益能夠抵消這些成本。</li>
<li>監管風險：該合併需要獲得各個監管機構的批准，這可能會施加條件，從而延遲完成或增加成本。如果未能在 2026 年 3 月 31 日前完成合並，任一方均可終止協議，這可能會影響 CFSB Bancorp 未來的業務和財務結果。</li>
<li>貸款風險：當地房地產市場的下滑可能會對盈利能力產生負面影響，因為幾乎所有貸款都是以房地產作為擔保。公司還面臨與信用損失準備金相關的風險，這可能不足以覆蓋實際貸款損失，尤其是在其增加多户住宅和商業房地產貸款組合時。</li>
<li>經濟風險：主要市場區域的通貨膨脹和不利經濟條件可能會對財務表現產生不利影響。由於在馬薩諸塞州諾福克縣和普利茅斯縣的房地產擔保貸款高度集中，公司特別容易受到當地經濟下滑的影響。</li>
<li>運營風險：公司在很大程度上依賴技術，這使其面臨系統故障、安全漏洞和網絡攻擊的風險。此外，依賴第三方供應商還引入了進一步的網絡安全風險。</li>
<li>合規風險：不遵守如《美國愛國者法案》和《銀行保密法》等法律可能導致罰款或制裁。法律和法規的變化也可能增加運營成本。</li>
<li>市場風險：公司在其市場區域面臨激烈競爭，這可能限制增長和盈利能力。與競爭對手相比，其較小的資產規模可能會妨礙其有效競爭的能力。</li>
</ul>
SEC 備案：CFSB Bancorp, Inc. /MA/ [ CFSB ] - 10-K -2025 年 9 月 18 日

CFSB

CFSB Bancorp, Inc. 發佈了其年度 10-K 報告，強調總利息和股息收入為 1310 萬美元，比去年增長 12.2%。然而，公司報告淨虧損 26.5 萬美元，而去年淨收入為 3.3 萬美元。報告概述了公司對住宅房地產貸款的關注、與 Hometown Financial Group 的合併協議，以及面臨的監管和經濟風險挑戰。公司旨在通過戰略性增長舉措提升盈利能力，同時應對潛在的合併相關不確定性

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.是一家於 2022 年 1 月成立的聯邦公司，作為 Colonial Federal Savings Bank 的儲蓄和貸款控股公司，已發佈其年度 10-K 報告。該報告提供了公司財務表現、業務運營、戰略舉措以及面臨的挑戰和風險的全面概述。
</div>Financial Highlights
<div class="lb-trans">財務亮點
</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: $(0.04), consistent with the basic earnings per share, as there were no dilutive effects.</li>
</ul>
<div class="lb-trans"><ul>
<li>總利息和股息收入：1310 萬美元，較去年增長 12.2%，主要由於應税債務證券和短期投資的利息和股息增加。</li>
<li>淨利息收入：700 萬美元，較去年增長 4.1%，主要受益於利息收入資產的平均餘額增加和這些資產的平均收益率提高。</li>
<li>淨（虧損）收入：$(265,000)，相比去年淨收入 33,000 美元，主要由於信用損失準備金增加和非利息費用上升。</li>
<li>每股淨（虧損）收入 - 基本：$(0.04)，相比去年$0.01，反映出年度內的淨虧損。</li>
<li>每股淨（虧損）收入 - 稀釋：$(0.04)，與基本每股收益一致，因為沒有稀釋效應。</li>
</ul>
</div>Business Highlights
<div class="lb-trans">業務亮點
</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>公司概況：CFSB Bancorp, Inc.主要從事持有 Colonial Federal Savings Bank 的普通股，並支持其運營。</li>
<li>市場區域：公司主要在馬薩諸塞州的諾福克縣和普利茅斯縣運營，專注于波士頓的住宅郊區。諾福克縣以其高中位家庭收入和教育水平而聞名。</li>
<li>貸款活動：主要貸款活動為一至四家庭住宅房地產貸款，佔總貸款組合的 79.4%。公司還從事多家庭和商業房地產貸款，重點是多樣化其貸款組合。</li>
<li>貸款組合構成：截至 2025 年 6 月 30 日，貸款組合包括 1.423 億美元的一至四家庭住宅貸款、1640 萬美元的多家庭貸款和 1430 萬美元的商業房地產貸款。</li>
<li>地理表現：公司的運營集中在馬薩諸塞州的諾福克縣，該地區以高比例的白領專業人士和低於全國平均水平的失業率為特徵。</li>
<li>競爭：公司面臨來自各種金融機構的激烈競爭，包括大型銀行、社區銀行和信用合作社，特別是在貸款發放和存款吸引方面。</li>
<li>監管環境：CFSB Bancorp 及其銀行受到聯邦機構（包括 OCC 和聯邦儲備委員會）的全面監管，影響其運營活動和戰略決策。</li>
<li>未來展望：公司計劃繼續專注於擴大資產負債表和提高盈利能力，強調多家庭和商業房地產貸款的發放，具體取決於市場條件。</li>
</ul>
</div>Strategic Initiatives
<div class="lb-trans">戰略舉措
</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>合併協議：公司與 Hometown Financial Group, MHC 簽署了合併協議，包括一系列合併，最終將銀行與 North Shore Bank 合併。此戰略舉措旨在增強公司的市場地位和運營規模。</li>
<li>資本管理：截至 2025 年 6 月 30 日，公司在年度內回購了 49.5 萬美元的自有股票。此外，公司保持了強勁的流動性，存款淨增加 330 萬美元，並擁有 1040 萬美元的聯邦住房貸款銀行貸款。公司還能夠從波士頓的聯邦住房貸款銀行借入額外的 5300 萬美元。</li>
<li>未來展望：公司預計將有足夠的資金滿足當前的融資承諾，計劃通過增加核心存款和必要時補充聯邦住房貸款銀行貸款來增加貸款。與 Hometown Financial Group 的合併預計將提供進一步的戰略增長機會。</li>
</ul>
</div>Challenges and Risks
<div class="lb-trans">挑戰與風險
</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>併購相關風險：與 Hometown Financial Group 的待定合併帶來了不確定性，可能會影響 CFSB Bancorp 吸引和留住關鍵人員以及維護客户關係的能力。合併協議限制某些商業行為，可能限制商業機會。預計將產生與合併相關的重大成本，並且無法保證預期的收益能夠抵消這些成本。</li>
<li>監管風險：該合併需要獲得各個監管機構的批准，這可能會施加條件，從而延遲完成或增加成本。如果未能在 2026 年 3 月 31 日前完成合並，任一方均可終止協議，這可能會影響 CFSB Bancorp 未來的業務和財務結果。</li>
<li>貸款風險：當地房地產市場的下滑可能會對盈利能力產生負面影響，因為幾乎所有貸款都是以房地產作為擔保。公司還面臨與信用損失準備金相關的風險，這可能不足以覆蓋實際貸款損失，尤其是在其增加多户住宅和商業房地產貸款組合時。</li>
<li>經濟風險：主要市場區域的通貨膨脹和不利經濟條件可能會對財務表現產生不利影響。由於在馬薩諸塞州諾福克縣和普利茅斯縣的房地產擔保貸款高度集中，公司特別容易受到當地經濟下滑的影響。</li>
<li>運營風險：公司在很大程度上依賴技術，這使其面臨系統故障、安全漏洞和網絡攻擊的風險。此外，依賴第三方供應商還引入了進一步的網絡安全風險。</li>
<li>合規風險：不遵守如《美國愛國者法案》和《銀行保密法》等法律可能導致罰款或制裁。法律和法規的變化也可能增加運營成本。</li>
<li>市場風險：公司在其市場區域面臨激烈競爭，這可能限制增長和盈利能力。與競爭對手相比，其較小的資產規模可能會妨礙其有效競爭的能力。</li>
</ul>
</div>SEC Filing: CFSB Bancorp, Inc. /MA/ [ CFSB ] - 10-K - Sep. 18, 2025
<div class="lb-trans">SEC 備案：CFSB Bancorp, Inc. /MA/ [ CFSB ] - 10-K -2025 年 9 月 18 日
</div>

CFSB Bancorp, Inc. /MA/ 美國證券交易委員會 10-K 報告