Carver Bancorp SEC Filings

Carver Bancorp, Inc. reported a net loss of $2.431 million for the quarter ended September 30, 2025, compared with a loss of $2.113 million a year earlier. Net interest income was $5.132 million with a small recovery of credit losses of $15 thousand. Non-interest income rose to $1.249 million, while non-interest expense totaled $8.827 million, led by compensation, occupancy and other operating costs.

Total assets were $697.9 million. Cash and equivalents were $40.7 million. Loans receivable, net, declined to $586.8 million from $607.3 million at March 31, 2025, and deposits decreased to $625.6 million from $661.8 million. Advances and other borrowings increased to $27.5 million. Equity fell to $26.9 million from $29.6 million.

Asset quality weakened: nonaccrual loans were $26.68 million versus $24.60 million at March 31, and the allowance for credit losses stood at $6.129 million. The Company deferred trust preferred interest beginning June 17, 2025; deferred interest was $567 thousand at quarter-end. The Bank is operating under a Formal Agreement with the OCC requiring prior approvals and is subject to minimum capital ratios of 9% Tier 1 leverage and 12% total risk-based capital.

Carver Bancorp, Inc. (CARV) filed an 8-K announcing a board modernization initiative and identified the filing as soliciting material under Rule 14a-12. The company plans to file a definitive proxy statement on Schedule 14A with a WHITE proxy card for its 2025 Annual Meeting of Stockholders. A press release detailing the initiative is included as Exhibit 99.1, dated November 5, 2025. The filing includes customary forward-looking statements and participant information and directs investors to SEC.gov and carverbank.com for documents.

Barry James Mann filed a Schedule 13D reporting beneficial ownership of 264,240 shares of CARVER BANCORP INC common stock, equal to approximately 5.0% of the class as of 10/06/2025. Mann says he acquired the shares in open-market purchases using personal funds, paying an average of $2.16 per share for a total investment of $570,510.76. He reports buying 97,162 shares in the prior 60 days at an average of $2.17 per share. Mann states his purpose is investment in undervalued shares and to engage with the issuer's board, management, shareholders and analysts to support the issuer's strategic plan and increase shareholder value. He reports no agreements or relationships with the issuer or others regarding these shares.

Carver Bancorp reported a narrower quarterly net loss of $1.177 million, compared with $2.212 million a year earlier, driven by slightly higher net interest income of $5.641 million and a meaningful increase in non-interest income to $1.268 million.

The company held $713.6 million of assets with deposits of $645.5 million (down from $661.8 million) and shareholders' equity of $28.5 million. Credit reserves remained stable with an allowance for credit losses of $6.321 million and total nonaccrual loans of $24.458 million. The Bank entered into a Formal Agreement with the OCC that limits certain actions and must meet regulatory minimum capital ratios (Tier 1 leverage 9% and total risk-based 12%). The Company also deferred a $300 thousand interest payment on its trust preferred debentures and recorded $11.8 million of unrealized losses on available-for-sale securities, primarily mortgage-backed securities.

Carver Bancorp, Inc. (CARV) has filed a Form S-8 to register shares that may be issued under its new 2024 Equity Incentive Plan. The filing enables the company to grant incentive stock options, non-statutory stock options, restricted stock, and restricted stock units to officers, directors, employees, and other service providers. Although the exact share count and dollar value are not disclosed in the excerpt, the plan supplements the company’s existing compensation tools and can create future share dilution.

The statement incorporates by reference CARV’s FY 2025 Form 10-K, recent Form 10-K/A and Form 8-K, and provides customary indemnification and limitation-of-liability language for directors and officers under Delaware law. Exhibits include the equity plan, standard award agreements, legal opinions, auditor consent, and a filing-fee table. Management, led by CEO Donald Felix, has signed a broad power of attorney authorizing future amendments.

Investor takeaway: The registration is routine but signals potential issuance of additional CARV common shares, which could modestly dilute existing holders while aligning employee incentives with shareholder value.

The supplied excerpt from Carver Bancorp, Inc.’s Form 10-K filing is largely a raw XBRL element list. It indicates taxonomy references (e.g., portfolio-segment members, fair-value hierarchy levels, financing-receivable classifications) but does not include narrative discussion, comparative financial statements, management analysis, or definitive quantitative metrics other than a single isolated figure of 5,074,283 tied to an unspecified “Other Assets” element. Because key disclosures such as revenue, net income, capital ratios, credit quality trends, and liquidity measures are absent, investors cannot determine the company’s operating performance, risk profile, or strategic outlook from the fragment provided.

In effect, this content shows the structural tags Carver Bancorp would use to map its detailed financial data, yet the actual values, period-over-period changes, and management commentary that drive an investment decision are missing. Consequently, only limited conclusions can be drawn: the bank employs standard U.S. GAAP banking taxonomy, discloses multiple loan portfolio segments (residential, multifamily, commercial real estate, construction, consumer, etc.), and distinguishes between performing, non-performing, and past-due receivables for credit quality reporting. No material events, earnings results, or capital actions are identified in the excerpt.