Oconee Federal Financial Corp. (OFED)

Oconee Federal Financial Income Statement

Financials in millions USD. Fiscal year is July - June.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2023	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Interest Income on Loans	15.9	15.9	14.02	15.02	16.38	16.17
Interest Income on Investments	3.4	3.4	2.41	1.65	2.33	2.68
Total Interest Income	19.3	19.3	16.43	16.67	18.71	18.85
Interest Paid on Deposits	3.47	3.47	1	1.74	3.68	3.04
Interest Paid on Borrowings	1.25	1.25	0.09	0.08	0.22	0.56
Total Interest Expense	4.72	4.72	1.09	1.82	3.89	3.59
Net Interest Income	14.57	14.57	15.34	14.85	14.82	15.25
Net Interest Income Growth (YoY)	-4.99%	-4.99%	3.31%	0.21%	-2.87%	0.11%
Mortgage Banking Activities	0.09	0.09	0.11	0.15	0.18	0.21
Gain (Loss) on Sale of Investments	-0.08	-0.08	-0.08	0.16	0.15	0.04
Other Non-Interest Income	0.95	0.95	0.92	0.89	0.81	0.83
Total Non-Interest Income	1.65	1.65	1.63	2	2.04	1.69
Non-Interest Income Growth (YoY)	1.23%	1.23%	-18.87%	-1.81%	20.50%	1.87%
Revenues Before Loan Losses	16.22	16.22	16.96	16.85	16.86	16.95
Provision for Loan Losses	0.15	0.15	-	-	0.05	0.22
Revenue	16.07	16.07	16.96	16.85	16.81	16.73
Revenue Growth (YoY)	-5.28%	-5.28%	0.67%	0.26%	0.47%	-0.37%
Salaries and Employee Benefits	6.44	6.44	6.32	6.21	5.93	6.36
Occupancy Expenses	1.9	1.9	1.93	1.78	1.98	1.75
Federal Deposit Insurance	0.2	0.2	0.14	0.12	0.02	0.13
Selling, General & Administrative	2.19	2.19	2.4	2.39	2.43	2.5
Other Non-Interest Expense	1.13	1.13	1.1	1.21	1.46	1.29
Total Non-Interest Expense	11.82	11.82	11.89	11.72	12.04	12.13
EBT Excluding Unusual Items	4.25	4.25	5.07	5.13	4.76	4.59
Pretax Income	4.22	4.22	5.07	5.13	4.76	4.59
Income Tax Expense	0.87	0.87	0.97	1.06	0.9	0.87
Net Income	3.35	3.35	4.1	4.07	3.86	3.72
Preferred Dividends & Other Adjustments	0	0	0.01	0.01	0	0.01
Net Income to Common	3.35	3.35	4.09	4.06	3.86	3.71
Net Income Growth	-18.30%	-18.30%	0.84%	5.20%	3.87%	22.57%
Basic Shares Outstanding	6	6	6	6	6	6
Diluted Shares Outstanding	6	6	6	6	6	6
Shares Change (YoY)	0.34%	0.34%	-0.50%	-1.89%	-0.71%	-0.38%
EPS (Basic)	0.60	0.60	0.73	0.73	0.68	0.65
EPS (Diluted)	0.60	0.60	0.73	0.72	0.67	0.64
EPS Growth	-18.17%	-18.17%	1.39%	7.46%	4.69%	23.08%
Dividend Per Share	0.400	0.400	0.400	0.400	0.400	0.400
Effective Tax Rate	20.68%	20.68%	19.18%	20.74%	18.89%	19.02%

Source: S&P Capital IQ. Banks template. Financial Sources.