第一储蓄金融 2025年季度报告

FORM10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period endedMarch 31, 2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF1934 Securities Registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required tofile such reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmittedpursuant to Rule405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12months (or for suchshorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section13(a)of the ExchangeAct.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ The number of shares outstanding of the registrant’s common stock as of April 28, 2025 was6,919,136. FIRST SAVINGS FINANCIAL GROUP,INC. INDEX PagePartIFinancial InformationItem1. Financial StatementsCondensed Consolidated Balance Sheets as of March 31, 2025 (unaudited) and September30, 20243Condensed Consolidated Statements of Income for the three and six months ended March31, 2025 and 2024 (unaudited)4Condensed Consolidated Statements of Comprehensive Income for the three and six monthsended March 31, 2025 and 2024 (unaudited)5Condensed Consolidated Statements of Changes in Stockholders’ Equity for the three andsix months ended March 31, 2025 and 2024 (unaudited)6Condensed Consolidated Statements of Cash Flows for the six months ended March 31,2025 and 2024 (unaudited)7Notesto Condensed Consolidated Financial Statements (unaudited)8-49Item2. Management’s Discussion and Analysis of Financial Condition and Results ofOperations50-58Item3. Quantitative and Qualitative Disclosures About Market Risk59-60Item4. Controls and Procedures61PartIIOther InformationItem1. Legal Proceedings62Item1A. Risk Factors62Item2. Unregistered Sales of Equity Securities, Use of Proceeds, And Issuer Purchases ofEquity Securities63Item3. Defaults Upon Senior Securities63Item4. Mine Safety Disclosures63Item5. Other Information63Item6. Exhibits64Signatures65 PARTI- FINANCIAL INFORMATIONFIRST SAVINGS FINANCIAL GROUP,INC.CONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited) March 31,September 30,(In thousands, except share and per share data)20252024ASSETSCash and due from banks$20,154$39,393Interest-bearing deposits with banks8,52912,749Total cash and cash equivalents28,68352,142Interest-bearing time deposits490490Debt securities available for sale, at fair value, net of allowance for credit losses of$14at March 31, 2025 and$21at September 30, 2024243,174248,679Debt securities held to maturity9101,040Loans held for sale, residential mortgage36,395—Loans held for sale, Small Business Administration24,84425,716Loans, net of allowance for credit losses of$20,484at March 31, 2025 and$21,294at September 30, 20241,880,1761,963,852Federal Reserve Bank and Federal Home Loan Bank stock, at cost24,98624,986Premises and equipment, net26,09326,462Other real estate owned, held for sale444647Accrued interest receivable:Loans9,3779,447Securities1,9611,929Cash surrender value of life insurance48,21247,605Goodwill9,8489,848Core deposit intangibles316398Nonresidential mortgage loan servicing rights5867SBA loan servicing rights2,6862,687Other assets37,57734,373 Federal Home Loan Bank borrowings325,310301,640Other borrowings48,68248,603Accrued interest payable8,14113,384Advance payments by borrowers for taxes and insurance911931Reserve for unfunded lending commitments1,6881,519Accrued expenses and other liabilities23,12826,295Total Liabilities2,197,0412,273,253 PARTI- FINANCIAL INFORMATIONFIRST SAVINGS FINANCIAL GROUP,INC.CONDENSED CONSOLIDATED STATEMENTS OF INCOME(Unaudited) PARTI- FINANCIAL INFORMATIONFIRST SAVINGS FINANCIAL GROUP,INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Unaudited) PARTI- FINANCIAL INFORMATIONFIRST SAVINGS FINANCIAL GROUP,INC.CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY(Unaudited) PARTI- FINANCIAL INFORMATIONFIRST SAVINGS FINANCIAL GROUP,I