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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 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.
Gouverneur Bancorp, Inc. director Duane Milton Pelkey reported an award of stock options on common shares. He acquired 2,708 stock options described as a right to buy the company’s stock, reported at $0.0000 per share in the Form 4.
These options were granted under the Gouverneur Bancorp, Inc. 2025 Equity Incentive Plan and vest in five approximately annual installments starting on March 2, 2027. Pelkey also reported indirect ownership of 6,000 common shares held through an IRA.
Gouverneur Bancorp President and CEO Stephen Michael Jefferies reported new equity awards. He received stock options for 10,000 shares of common stock at an exercise price of $0.00 per share and a stock award of 4,000 common shares.
Both the stock options and stock award were granted under the company’s 2025 Equity Incentive Plan and will vest in five equal annual installments starting on March 2, 2027. After these grants, he holds 10,000 options directly and 4,000 common shares indirectly by stock award.
Gouverneur Bancorp, Inc. director John Neil Mason reported acquiring shares of the company through an option exercise. He exercised a Stock Option (right to buy) for 542 shares on February 24, 2026, classified as an exercise or conversion of a derivative security.
Following this, he held 2,170 stock options and 3,789 shares of Common Stock directly, with the 542-share exercise priced at $12.20 per share. He also reported 992 shares of Common Stock held indirectly "By Stock Award." Footnotes note that Stock Awards and Stock Options granted under the Gouverneur Bancorp, Inc. 2025 Equity Incentive Plan vest in approximately five equal annual installments commencing on February 11, 2026.
Gouverneur Bancorp director Chad Brian Soper exercised stock options to acquire additional common shares. On February 17, 2026, he exercised a stock option for 542 shares at a price of $12.20 per share, increasing his directly held common stock to 4,443 shares.
Following the transaction, he also held 2,170 stock options directly. In addition, 992 common shares were held indirectly by Stock Award. Both stock awards and stock options under the 2025 Equity Incentive Plan vest in five approximately equal annual installments beginning on February 11, 2026.