Central Plains Bancshares, Inc. (NASDAQ: CPBI)

Central Plains Bancshares Inc is a Maryland corporation that owns all of the outstanding common stock of Home Federal Savings and Loan Association of Grand Island which operates under the name Home Federal Bank. The company’s main activity is gathering deposits from the public and using those funds together with earnings to make loans. Its lending focus includes one to four family residential mortgages commercial real estate loans agricultural loans and various consumer and commercial non real estate loans. The bank operates from its headquarters in Grand Island Nebraska and maintains eight branch locations in surrounding communities.

The company generates revenue primarily from interest earned on its loan portfolio. It also earns fees from deposit services such as account maintenance ATM usage and electronic banking products. Additional income comes from gains on the sale of loans and from investment securities.

Within its primary market area which covers Adams Dawson Hall Lancaster Nuckolls and Phelps counties in Nebraska the company faces competition from larger regional banks community banks credit unions and mortgage companies. Based on FDIC data as of June 30 2024 it ranked third among the 17 FDIC insured institutions in Hall County with a deposit market share of 11.12 percent. Its competitive advantages stem from deep local relationships a focus on personalized service and a strong understanding of the agricultural and manufacturing economies of the region.

The bank serves a diverse mix of individuals small businesses farmers and ranchers within its geographic footprint. Deposit customers include households seeking checking savings money market and certificate of deposit accounts as well as local businesses and public entities. Borrowers consist of home owners seeking residential mortgages owners of commercial real estate producers needing agricultural financing and consumers requesting auto or personal loans. No specific customer names are disclosed in the filing.