Welcome to our dedicated page for Gouverneur Bancorp, Inc./MD/ SEC filings (Ticker: GOVB), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Gouverneur Bancorp, Inc. filings document the public reporting record of the Maryland holding company for Gouverneur Savings and Loan Association. Recent Form 8-K reports furnish operating results for fiscal periods, including net interest income, margin, loan and securities balances, deposits, provisions for credit losses and related financial statement exhibits.
The company’s proxy and annual-meeting filings cover director elections, auditor ratification, stockholder voting results and governance matters. Material-event filings also record executive appointments, compensatory arrangements and the company’s disclosure that it has no securities registered on a national exchange under Section 12(b).
Gouverneur Bancorp, Inc. (GOVB) is the subject of a new Schedule 13D by investor J. David Rosenberg. As of this filing, he beneficially owns 54,452 shares of common stock, representing 5.14% of the 1,058,922 shares of common stock deemed outstanding.
Rosenberg purchased shares with personal funds and describes his position as for investment purposes, but states he will continually review the investment. He may buy more, hold, or sell shares, including via Rule 10b5-1 trading plans, and may discuss with management and other shareholders potential corporate actions such as mergers, asset transactions, or changes to capitalization or dividend policy.
Gouverneur Bancorp, Inc. reported steady performance for the nine months ended June 30, 2026. Total assets were $198.7 million, essentially flat from September 30, 2025, while net loans rose to $135.3 million and deposits to $155.7 million. The securities available‑for‑sale portfolio declined to $35.2 million.
Net interest income for the nine months was $5.5 million, and net income increased to $743,000, with diluted earnings per share of $0.72. Non‑interest income was $826,000, helped by life‑insurance related income and service charges, against non‑interest expenses of $5.6 million. Accumulated other comprehensive loss improved to $(1.98) million, reflecting smaller unrealized losses on securities and post‑retirement obligations.
Credit quality remained generally stable: the allowance for credit losses on loans was $1.13 million, and real estate loans on nonaccrual totaled $1.35 million. The company continues to amortize core deposit intangibles from its prior acquisition and reported goodwill of $4.24 million. In July 2026, the bank withdrew applications to convert to a national bank charter and merge its municipal bank subsidiary, which both continue in their current forms.
Gouverneur Bancorp, Inc. director Henry J. Leader reported several equity transactions. On August 7, 2026, he exercised a stock option for 542 common shares at $12.20 per share, converting a derivative position into directly held common stock. Following this exercise, he held 2,170 common shares directly. He also reported 992 common shares held indirectly "By Stock Award", reflecting grants under the Gouverneur Bancorp, Inc. 2025 Equity Incentive Plan, which vest in five equal annual installments commencing on February 11, 2026. Additionally, on February 6, 2026, he acquired 60 common shares through an estate or will transfer.
Gouverneur Bancorp, Inc. reported stronger earnings for the period ended June 30, 2026. Net income was $239,000, or $0.23 per share, for the quarter, up from $217,000, or $0.22 per share, a year earlier. Net income for the nine months was $743,000, or $0.72 per share, compared with $495,000, or $0.48 per share, in the prior-year period.
Total assets were $198.7 million, with net loans of $135.3 million and deposits of $155.7 million at June 30, 2026. Net interest margin improved to 4.25% in the quarter, supported by higher loan income and controlled deposit costs, while credit quality remained stable with modest provisions for credit losses.
Management also detailed a strategic balance sheet optimization. After quarter-end, the Company sold approximately $23.8 million of available-for-sale securities, recognizing an estimated pre-tax loss of about $2.0 million, reinvesting part of the proceeds into shorter-duration, higher-yield securities and using the rest to repay Federal Home Loan Bank advances and bolster liquidity. It is also in the process of selling about $20.0 million of lower-yielding loans, with an additional estimated pre-tax loss of about $2.0 million. Management currently estimates a roughly five-year earn-back period and expects, once fully deployed, an increase in net interest margin of approximately 51 basis points and annual earnings per share of approximately $0.58, while remaining well-capitalized.
Gouverneur Bancorp director Duane Milton Pelkey reported a small open-market purchase of company stock. Through an IRA, he bought 100 shares of common stock at $18.9405 per share, bringing his indirect IRA holdings to 6,100 shares. Separately, he holds 750 shares directly and stock options covering 2,708 shares of common stock with a $17.65 exercise price, expiring in 2036. The options were granted under the 2025 Equity Incentive Plan and vest in five approximately annual installments starting March 2, 2027.
Gouverneur Bancorp, Inc. reported net income of $217 thousand, or $0.21 per basic share, for the quarter ended March 31, 2026, up from $118 thousand, or $0.11, a year earlier. Six‑month net income rose to $504 thousand ($0.49 per share) from $278 thousand ($0.27).
Total assets were $198,325 thousand and deposits were $159,987 thousand, with loans receivable, net, of $132,205 thousand. Net interest income increased to $1,848 thousand for the quarter, while non‑interest expenses were essentially flat at $1,848 thousand.
Credit quality remained manageable, with real estate nonperforming loans of $943 thousand and an allowance for credit losses on loans of $1,117 thousand. Regulatory capital was strong: the Bank’s common equity Tier 1 ratio was 25.0% and its Tier 1 leverage ratio was 14.3%, well above well‑capitalized thresholds.
On March 27, 2026, the Bank filed applications to convert to a national banking association and merge GS&L Municipal Bank into the Bank, and the Company plans a related conversion to a bank holding company. These actions are subject to required regulatory approvals, have no established completion timeline, and may not be consummated.
Gouverneur Bancorp director Duane Milton Pelkey bought shares of the company’s stock. On an open-market transaction dated May 1, 2026, he purchased 750 shares of Common Stock at $19.00 per share, held directly.
In addition, he reports 6,000 shares of Common Stock held indirectly through an IRA and stock options covering 2,708 shares of Common Stock. These options have an exercise price of $17.65 per share, expire on March 2, 2036, and were granted under the 2025 Equity Incentive Plan, vesting in five approximately annual installments beginning March 2, 2027.
Gouverneur Bancorp director David Claren McClure reported an option exercise involving the company’s common stock. On April 24, 2026, he exercised stock options covering 542 shares at $12.20 per share, increasing his directly held common shares to 5,355.
He also reports 992 shares held indirectly by stock award, and 2,170 stock options remaining with a $12.20 exercise price. The filing shows option exercises and updated holdings, with no open-market purchases or sales reported.
Gouverneur Bancorp, Inc. reported stronger results for the quarter and six months ended March 31, 2026. Quarterly net income rose to $217,000, or $0.21 per share, from $118,000, or $0.11, a year earlier. Six‑month net income increased to $504,000, or $0.49 per share, from $278,000, or $0.27.
Total assets were $198.3 million, deposits were $160.0 million, and shareholders’ equity was $32.7 million at March 31, 2026. Net interest margin improved to 4.22% for the quarter and 4.14% for the six months. Deposits grew while Federal Home Loan Bank advances declined significantly.
Gouverneur Bancorp director Amy Marie Rapholz exercised stock options to acquire 200 shares of Common Stock at $12.20 per share. The options, granted under the 2025 Equity Incentive Plan, were exercised on a derivative position that fully converted into common shares.
Following the exercise on March 9, 2026, she held 1,186 shares of Common Stock directly and 991 shares indirectly by Stock Award. Plan-related footnotes state that both Stock Options and Stock Awards vest in approximately five equal annual installments commencing on February 11, 2026.