Unassociated Document
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC  20549
________________

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. )*

 
IF Bancorp, Inc.
(Name of Issuer)
 
 
Common Stock
(Title of Class of Securities)
 
 
44951J105
(CUSIP Number)
 
 
October 14, 2011
(Date of Event Which Requires Filing of this Statement)
 
 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o
Rule 13d-1(b)
   
x
Rule 13d-1(c)
   
o
Rule 13d-1(d)

____________________
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 
 

CUSIP No. 44951J105
13G
Page 2 of 15 Pages


1.
NAMES OF REPORTING PERSONS
Labrador Partners L.P.
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(a)   x
(b)   o
3.
SEC USE ONLY
 
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
5.
 
SOLE VOTING POWER
 
-0-
BENEFICIALLY
OWNED BY
6.
 
SHARED VOTING POWER
 
160,257
EACH
REPORTING
7.
 
SOLE DISPOSITIVE POWER
 
-0-
PERSON WITH
8.
 
SHARED DISPOSITIVE POWER
 
160,257
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
 
160,257
10.
CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES*
 
 
o
11.
PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
 
 
3.3%
12.
TYPE OF REPORTING PERSON*
 
 
PN

*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 
 

CUSIP No. 44951J105
13G
Page 3 of 15 Pages


1.
NAMES OF REPORTING PERSONS
Farley Associates II LLC
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(a)           x
(b)           o
3.
SEC USE ONLY
 
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
5.
 
SOLE VOTING POWER
 
-0-
BENEFICIALLY
OWNED BY
6.
 
SHARED VOTING POWER
 
160,257
EACH
REPORTING
7.
 
SOLE DISPOSITIVE POWER
-0-
PERSON WITH
8.
 
SHARED DISPOSITIVE POWER
 
160,257
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
 
160,257
10.
CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES*
 
 
o
11.
PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
 
 
3.3%
12.
TYPE OF REPORTING PERSON*
 
 
CO

*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 

CUSIP No. 44951J105
13G
Page 4 of 15 Pages


1.
NAMES OF REPORTING PERSONS
Newfoundland Partners L.P.
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)           x
(b)           o
3.
SEC USE ONLY
 
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
5.
 
SOLE VOTING POWER
 
-0-
BENEFICIALLY
OWNED BY
6.
 
SHARED VOTING POWER
 
55,179
EACH
REPORTING
7.
 
SOLE DISPOSITIVE POWER
 
-0-
PERSON WITH
8.
 
SHARED DISPOSITIVE POWER
 
55,179
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
 
55,179
10.
CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES*
 
 
o
11.
PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
 
 
1.2%
12.
TYPE OF REPORTING PERSON*
 
 
PN

*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 

CUSIP No. 44951J105
13G
Page 5 of 15 Pages


1.
NAMES OF REPORTING PERSONS
FA Newfoundland LLC
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(a)           x
(b)           o
3.
SEC USE ONLY
 
 
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
5.
 
SOLE VOTING POWER
 
-0-
BENEFICIALLY
OWNED BY
6.
 
SHARED VOTING POWER
 
55,179
EACH
REPORTING
7.
 
SOLE DISPOSITIVE POWER
 
-0-
PERSON WITH
8.
 
SHARED DISPOSITIVE POWER
 
55,179
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
 
55,179
10.
CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES*
 
o
11.
PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
 
 
1.2%
12.
TYPE OF REPORTING PERSON*
 
 
CO

*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 
 
CUSIP No. 44951J105
13G
Page 6 of 15 Pages


1.
NAMES OF REPORTING PERSONS
Farley Capital II L.P.
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)           x
(b)           o
3.
SEC USE ONLY
 
 
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
5.
 
SOLE VOTING POWER
 
-0-
BENEFICIALLY
OWNED BY
6.
 
SHARED VOTING POWER
 
243,390
EACH
REPORTING
7.
 
SOLE DISPOSITIVE POWER
 
-0-
PERSON WITH
8.
 
SHARED DISPOSITIVE POWER
 
243,390
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
 
243,390
10.
CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES*
 
o
11.
PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
 
 
5.1%
12.
TYPE OF REPORTING PERSON*
 
 
PN

*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 
 
CUSIP No. 44951J105
13G
Page 7 of 15 Pages
 


1.
NAMES OF REPORTING PERSONS
Stephen Farley LLC
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)           x
(b)           o
3.
SEC USE ONLY
 
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
5.
 
SOLE VOTING POWER
 
-0-
BENEFICIALLY
OWNED BY
6.
 
SHARED VOTING POWER
 
243,390
EACH
REPORTING
7.
 
SOLE DISPOSITIVE POWER
 
-0-
PERSON WITH
8.
 
SHARED DISPOSITIVE POWER
 
243,390
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
 
243,390
10.
CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES*
 
o
11.
PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
 
 
5.1%
12.
TYPE OF REPORTING PERSON*
 
 
CO

*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 
 
CUSIP No. 44951J105
13G
Page 8 of 15 Pages
 


1.
NAMES OF REPORTING PERSONS
Stephen L. Farley
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)           x
(b)           o
3.
SEC USE ONLY
 
 
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
 
NUMBER OF
SHARES
5.
 
SOLE VOTING POWER
 
-0-
BENEFICIALLY
OWNED BY
6.
 
SHARED VOTING POWER
 
243,390
EACH
REPORTING
7.
 
SOLE DISPOSITIVE POWER
 
-0-
PERSON WITH
8.
 
SHARED DISPOSITIVE POWER
 
243,390
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
 
243,390
10.
CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES*
 
o
11.
PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
 
 
5.1%
12.
TYPE OF REPORTING PERSON*
 
 
IN

*SEE INSTRUCTIONS BEFORE FILLING OUT!
 
 
 
 
 
CUSIP No. 44951J105
13G
Page 9 of 15 Pages


Item 1(a).
Name of Issuer:
   
 
The name of the issuer is IF Bancorp, Inc. (the “Company”).
   
Item 1(b).
Address of Issuer’s Principal Executive Offices:

The Company’s principal executive offices are located at 201 East Cherry Street, Watseka, Illinois 60970.

Item 2(a).
Name of Person Filing:
     
 
This statement is filed by:
     
 
(i)
Labrador Partners L.P., a Delaware limited partnership (“Labrador”), with respect to the shares of Common Stock directly owned by it;
     
 
(ii)
Farley Associates II LLC, a Delaware limited liability company (“Farley Associates II”), which serves as general partner of Labrador, with respect to the shares of Common Stock directly owned by Labrador;
     
 
(iii)
Newfoundland Partners L.P., a Delaware limited partnership (“Newfoundland Partners”), with respect to the shares of Common Stock directly owned by it;
     
 
(iv)
FA Newfoundland LLC, a Delaware limited liability company (“FA Newfoundland”), which serves as general partner of Newfoundland Partners, with respect to the shares of Common Stock directly owned by Newfoundland Partners;
     
 
(v)
Farley Capital II L.P., a Delaware limited partnership (“Farley Capital II”), which serves as the management company to Newfoundland Partners and Labrador, with respect to the shares of Common Stock directly owned by each of Newfoundland Partners and Labrador, and which serves as the investment manager to a managed account (the “Managed Account”), with respect to shares of Common Stock directly owned by the Managed Account;
     
 
(vi)
Stephen Farley LLC, a Delaware limited liability company (“Farley LLC”), which serves as managing member of each of FA Newfoundland and Farley Associates II, and which serves as general partner of Farley Capital II, with respect to the shares of Common Stock directly owned by each of Newfoundland Partners, Labrador and the Managed Account; and
     
 
(vii)
Stephen L. Farley, who serves as managing member of Farley LLC, with respect to the shares of Common Stock directly owned by each of Newfoundland Partners, Labrador and the Managed Account.
 
 
 
 
 
 
CUSIP No. 44951J105
13G
Page 10 of 15 Pages

The foregoing persons are hereinafter sometimes collectively referred to as the “Reporting Persons.” Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.

Item 2(b).
Address or Principal Business Office or, if none, Residence:

The address of the business office of each of the Reporting Persons is 800 Third Avenue, Suite 2305, New York, New York 10022.

Item 2(c).
Citizenship:

Labrador, Newfoundland Partners and Farley Capital II are limited partnerships organized under the laws of the State of Delaware. Farley Associates II, FA Newfoundland and Farley LLC are limited liability companies organized under the laws of the State of Delaware. Stephen L. Farley is a United States citizen.

Item 2(d).
Title of Class of Securities:

Common Stock, par value $0.01 per share (the “Common Stock”).

Item 2(e).
CUSIP Number:

44951J105

Item 3.                    If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 
(a)
o
Broker or dealer registered under Section 15 of the Act,
       
 
(b)
o
Bank as defined in Section 3(a)(6) of the Act,
       
 
(c)
o
Insurance Company as defined in Section 3(a)(19) of the Act,
       
 
(d)
o
Investment Company registered under Section 8 of the Investment Company Act of 1940,
       
 
(e)
o
Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E),
       
 
(f)
o
Employee Benefit Plan or Endowment Fund in accordance with Rule 13d-1(b)(1)(ii)(F),
       
 
(g)
o
Parent Holding Company or control person in accordance with Rule 13d-1(b)(1)(ii)(G),
       
 
(h)
o
Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act,
 
 
 
 
 

CUSIP No. 44951J105
13G
Page 11 of 15 Pages

 
 
(i)
o
Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940,
       
 
(j)
o
Non-U.S. Institution in accordance with Rule 13d-1(b)(1)(ii)(J),
       
 
(k)
o
Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

If filing as a non-U.S. institution in accordance with Rule 13d–1(b)(1)(ii)(J), please specify the type of institution: ____
 
Not applicable.

Item 4.                    Ownership:

 
A.
  
Labrador Partners L.P.
   
(a)
Amount beneficially owned:  160,257
   
(b)
Percent of class:  3.3%.  The percentages used in this Item 4 and elsewhere in this Form 13G are calculated based upon 4,811,255 shares of Common Stock issued and outstanding as of September 27, 2011, as reported in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2011, filed with the SEC on September 28, 2011.
   
(c)
(i)
Sole power to vote or direct the vote:  -0-
     
(ii)
Shared power to vote or direct the vote:  160,257
     
(iii)
Sole power to dispose or direct the disposition:  -0-
     
(iv)
Shared power to dispose or direct the disposition:  160,257
         
 
B.
  
Farley Associates II LLC
     
(a)
Amount beneficially owned:  160,257
     
(b)
Percent of class:  3.3%
   
(c)
(i)
Sole power to vote or direct the vote:  -0-
     
(ii)
Shared power to vote or direct the vote:  160,257
     
(iii)
Sole power to dispose or direct the disposition:  -0-
     
(iv)
Shared power to dispose or direct the disposition:  160,257
         
 
C.
    
Newfoundland Partners L.P.
   
(a)
  
Amount beneficially owned:  55,179
   
(b)
  
Percent of class:  1.2%
   
(c)
(i)
Sole power to vote or direct the vote:  -0-
     
(ii)
Shared power to vote or direct the vote:  55,179
     
(iii)
Sole power to dispose or direct the disposition:  -0-
     
(iv)
Shared power to dispose or direct the disposition:  55,179
 
 
 
 
 
 
CUSIP No. 44951J105
13G
Page 12 of 15 Pages


 
D.
  
FA Newfoundland LLC
   
(a)
Amount beneficially owned:  55,179
   
(b)
Percent of class:  1.2%
   
(c)
(i)
Sole power to vote or direct the vote:  -0-
     
(ii)
Shared power to vote or direct the vote:  55,179
     
(iii)
Sole power to dispose or direct the disposition:  -0-
     
(iv)
Shared power to dispose or direct the disposition:  55,179

 
E.
  
Farley Capital II L.P.
   
(a)
Amount beneficially owned:  243,390
   
(b)
Percent of class:  5.1%
   
(c)
(i)
Sole power to vote or direct the vote:  -0-
     
(ii)
Shared power to vote or direct the vote:  243,390
     
(iii)
Sole power to dispose or direct the disposition:  -0-
     
(iv)
Shared power to dispose or direct the disposition:  243,390
         
 
F.
  
Stephen Farley LLC
   
(a)
Amount beneficially owned:  243,390
   
(b)
Percent of class:  5.1%
   
(c)
(i)
Sole power to vote or direct the vote:  -0-
     
(ii)
Shared power to vote or direct the vote:  243,390
     
(iii)
Sole power to dispose or direct the disposition:  -0-
     
(iv)
Shared power to dispose or direct the disposition:  243,390
         
 
G.
  
Stephen L. Farley
   
(a)
Amount beneficially owned:  243,390
   
(b)
Percent of class:  5.1%
   
(c)
(i)
Sole power to vote or direct the vote:  -0-
     
(ii)
Shared power to vote or direct the vote:  243,390
     
(iii)
Sole power to dispose or direct the disposition:  -0-
     
(iv)
Shared power to dispose or direct the disposition:  243,390

Item 5.
Ownership of Five Percent or Less of a Class:

Not applicable.

Item 6.
Ownership of More than Five Percent on Behalf of Another Person:

Stephen L. Farley is the managing member of Stephen Farley LLC, and in that capacity directs its operations. Stephen Farley LLC, of which Mr. Farley is the managing member, is the managing member of each of FA Newfoundland LLC and Farley Associates II LLC, and is the general partner of Farley Capital II L.P., and in that capacity, respectively, directs their operations. FA Newfoundland LLC is the general partner of Newfoundland Partners L.P., and in that capacity directs its operations. Farley Associates II LLC is the general partner of Labrador Partners L.P., and in that capacity directs its operations.
 
 
 
 
 
CUSIP No. 44951J105
13G
Page 13 of 15 Pages

Item 7.                    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person:

Not applicable.

Item 8.
Identification and Classification of Members of the Group:

See Item 2.

Item 9.
Notice of Dissolution of Group:
 
Not applicable.

Item 10.
Certification:

Each of the Reporting Persons hereby makes the following certification:

By signing below we certify that, to the best of our knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose and effect.

 
 
 
 
CUSIP No. 44951J105
13G
Page 14 of 15 Pages


SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.


Dated:     October 24, 2011
    
     
 
STEPHEN L. FARLEY
     
 
/s/ Stephen L. Farley
     
     
 
STEPHEN FARLEY LLC
     
 
By:
/s/ Stephen L. Farley
   
Stephen L. Farley
   
Managing Member
     
     
 
FARLEY CAPITAL II L.P.
     
 
By:
Stephen Farley LLC
   
General Partner
     
 
By:
/s/ Stephen L. Farley
   
Stephen L. Farley
   
Managing Member
     
     
 
FARLEY ASSOCIATES II LLC
     
 
By:
Stephen Farley LLC
   
Managing Member
     
 
By:
/s/ Stephen L. Farley
   
Stephen L. Farley
   
Managing Member
 

 
 
 
 
 
CUSIP No. 44951J105
13G
Page 15 of 15 Pages
 

 
 
LABRADOR PARTNERS L.P.
     
 
By:
Farley Associates II LLC
   
General Partner
     
 
By:
Stephen Farley LLC
   
Managing Member
     
 
By:
/s/ Stephen L. Farley
   
Stephen L. Farley
   
Managing Member
     
     
 
FA NEWFOUNDLAND LLC
     
 
By:
Stephen Farley LLC
   
Managing Member
     
 
By:
/s/ Stephen L. Farley
   
Stephen L. Farley
   
Managing Member
     
     
 
NEWFOUNDLAND PARTNERS L.P.
     
 
By:
FA Newfoundland LLC
   
General Partner
     
 
By:
Stephen Farley LLC
   
Managing Member
     
 
By:
/s/ Stephen L. Farley
   
Stephen L. Farley
   
Managing Member


 
 
 

Exhibit 99.1

JOINT FILING AGREEMENT

The undersigned hereby agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, and that all subsequent amendments to this statement on Schedule 13G may be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements.

Dated:  October 24, 2011
    
     
 
STEPHEN L. FARLEY
     
 
/s/ Stephen L. Farley
     
     
 
STEPHEN FARLEY LLC
     
 
By:
/s/ Stephen L. Farley
   
Stephen L. Farley
   
Managing Member
     
     
 
FARLEY CAPITAL II L.P.
     
 
By:
Stephen Farley LLC
   
General Partner
     
 
By:
/s/ Stephen L. Farley
   
Stephen L. Farley
   
Managing Member
     
     
 
FARLEY ASSOCIATES II LLC
     
 
By:
Stephen Farley LLC
   
Managing Member
     
 
By:
/s/ Stephen L. Farley
   
Stephen L. Farley
   
Managing Member
 

 
 
 
 

 
LABRADOR PARTNERS L.P.
     
 
By:
Farley Associates II LLC
   
General Partner
     
 
By:
Stephen Farley LLC
   
Managing Member
     
 
By:
/s/ Stephen L. Farley
   
Stephen L. Farley
   
Managing Member
     
     
 
FA NEWFOUNDLAND LLC
     
 
By:
Stephen Farley LLC
   
Managing Member
     
 
By:
/s/ Stephen L. Farley
   
Stephen L. Farley
   
Managing Member
     
 
NEWFOUNDLAND PARTNERS L.P.
     
 
By:
FA Newfoundland LLC
   
General Partner
     
 
By:
Stephen Farley LLC
   
Managing Member
     
 
By:
/s/ Stephen L. Farley
   
Stephen L. Farley
   
Managing Member