IF Bancorp: Potentially Interesting, But Just A Hold For Now

2025-09-16 10:30:00 ET

Introduction

IF Bancorp ( IROQ ) is the holding company for Iroquois Federal Savings and Loan Association, headquartered in Illinois. This is a small local bank with just seven branches in Illinois and a loan production office in Missouri. The bank's primary lending market remains limited to a range of just 30 miles from a branch or loan production office, and I generally like this type of local focus, as one could assume a local bank has a good understanding of the local economy and the risks tied to underwriting certain loans....

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