secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMERS BANCORP INC /OH/ (CBKM)
CIK:        0001006830
Form:       8-K
Filed at:   2021-10-21T23:59:59+00:00
Accession:  0001437749-21-024044
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Consumers Bancorp Q1 net income $2.7M, up 11% YoY; completed branch acquisition in July
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- Net income $2.7M ($0.88 EPS) vs $2.4M ($0.80 EPS) prior year; net interest income up 19.1% to $1.3M.
- Acquired two Ohio branches from CFBank on July 16: $104.5M deposits, $19.9M loans, $1.6M goodwill.
- Total loans grew 7.5% annualized; PPP loans declined $21.2M offset by organic growth and acquired loans.
- Non-performing loans remained low at 0.32% of total loans; ALLL to loans ratio 1.16%.
- Total deposits increased $122.3M (67.3% annualized) including $104.5M from branch acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1006830/000143774921024044/0001437749-21-024044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1006830/000143774921024044/cbkm20211021_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-024044

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer