Here are the 10-Q quarterly reports from Ballston Spa Bncrp Inc (BSPA) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BSPA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BSPA filings page.
Ballston Spa Bancorp, Inc. reported sharply larger scale but a small loss following its merger with NBC Bancorp, Inc. completed on April 1, 2026. Total assets rose to $1.36 billion at June 30, 2026 from $928.5 million, driven by $508.1 million of assets acquired, including $340.6 million of loans and $456.9 million of deposits.
Net (loss) income was $(711) thousand for the quarter versus income of $1.24 million a year earlier, and $(467) thousand for the first half versus $2.54 million, largely reflecting $3.9 million in merger expenses and higher interest expense. Net interest income still increased to $10.7 million for the quarter from $6.3 million, while loans grew to $1.11 billion and deposits to $1.20 billion. Credit quality metrics remained manageable with nonaccrual loans of $2.1 million and an allowance for credit losses of $13.1 million.
Ballston Spa Bancorp reported weaker Q1 2026 results as higher costs and merger spending weighed on earnings. Net income fell to $244,000, down from $1.3 million a year earlier, with basic EPS dropping to $0.33 from $1.75.
Net interest income improved to $6.8 million on loan growth and a higher net interest margin of 3.12%, but non-interest expenses rose to $7.1 million, including $749,000 of merger expenses. Credit quality remained solid with non-performing loans at $0.6 million and an allowance for credit losses of $8.9 million, or 1.11% of loans.
Total assets reached $941.6 million as of March 31, 2026. Deposits grew to $807.7 million, while Federal Home Loan Bank borrowings declined to $20.0 million. The company issued $26.0 million of subordinated notes at a fixed 7.375% rate to April 1, 2031, lifting junior subordinated debentures to $33.2 million and strengthening on-balance-sheet liquidity. A strategic merger of equals with NBC Bancorp closed on April 1, 2026, to be reflected in future periods.