Welcome to our dedicated page for Seneca Bancorp SEC filings (Ticker: SNNF), 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.
Seneca Bancorp, Inc. filings document the company's stock holding company structure, capital-structure events and governance record following the conversion of Seneca Financial MHC from mutual holding company form to fully public stock holding company form. Form 8-K reports cover the community offering, stockholder and member approvals, completion of the conversion and Seneca Savings Bank's charter conversion to a national association.
Proxy materials disclose annual meeting procedures, stockholder voting matters, board governance and executive compensation information, including equity-award and pay-versus-performance tables. The filings also identify securities-registration status under Section 12(b) and material-event exhibits tied to the reorganization.
Seneca Bancorp, Inc. held its Annual Meeting of Stockholders on May 19, 2026, where all three management proposals were approved and stockholders expressed a clear preference on executive pay vote frequency.
Stockholders elected Kimberly Boynton and Joseph G. Vitale to three-year terms on the board. A non-binding advisory vote on compensation of named executive officers received strong support, and stockholders recommended holding the advisory say-on-pay vote every year. After the meeting, the board decided to follow this recommendation and conduct an annual, non-binding stockholder vote on named executive officer compensation until the next advisory vote on frequency.
Seneca Bancorp, Inc. reported a small net loss of $50,000 for the three months ended March 31, 2026, compared with net income of $148,000 a year earlier. Earnings per share were a loss of $0.03, versus earnings of $0.09 per diluted share in 2025.
Total assets reached $315.9 million at March 31, 2026, up from $312.1 million at December 31, 2025, driven mainly by loan growth to $234.1 million. Deposits increased to $240.9 million, and Federal Home Loan Bank advances were $34.6 million. Net interest income improved to $2.44 million, but higher noninterest expenses of $3.0 million led to the quarterly loss. Credit quality remained manageable, with an allowance for credit losses of $2.0 million and nonaccrual loans of $2.5 million. The bank’s Tier 1 leverage (Community Bank Leverage Ratio) was 9.78%, above the 8.00% well-capitalized threshold.
Seneca Bancorp, Inc. is asking stockholders to vote at its May 19, 2026 annual meeting on electing two directors, ratifying Bonadio & Co., LLP as auditor for 2026, approving executive pay on an advisory basis, and choosing how often to hold future say‑on‑pay votes.
The board recommends voting for all proposals and for annual say‑on‑pay. As of April 7, 2026 there were 1,800,141 common shares outstanding. Directors and executive officers as a group beneficially owned 311,357 shares, or 17.3% of the total.
For 2025, CEO Joseph Vitale received total compensation of $431,144, CFO Vincent Fazio received $268,299, and SVP of Commercial Lending Angelo Testani received $236,966, including salary, cash bonuses, equity awards and other benefits. Non‑employee directors are paid cash retainers, meeting fees and may receive equity awards.
Seneca Bancorp, Inc. filed its annual report detailing its 2025 business, capital structure and asset quality. The company completed a mutual-to-stock conversion on October 15, 2025, selling 1,044,858 common shares at $10.00 each for gross proceeds of approximately $10.4 million, and its stock began trading on the OTCQX under “SNNF.”
Total loans receivable reached $226.7 million, with 38.8% in commercial real estate, 41.0% in one- to four-family mortgages and 9.8% in commercial and industrial credits as it continues shifting toward commercial lending. Credit quality weakened: non-accrual loans increased to $3.1 million and total non-performing assets to $3.3 million, while the allowance for credit losses on loans stood at $1.9 million, or 0.84% of total loans.
The bank remains “well capitalized” and has elected the community bank leverage ratio framework. Management highlights growth initiatives in central New York, including land purchases for new branches in Camillus and Clay near the planned Micron semiconductor facility, and expanding fee-based wealth and retirement plan services through its Financial Quest subsidiary, which oversaw $259.3 million of client assets at year-end.
Seneca Bancorp, Inc. reports a Schedule 13G ownership disclosure. The filing shows Amended and Restated Seneca Savings Bank, National Association Employee Stock Ownership Plan Trust 2, with trustee Community Bank of Pleasant Hill dba First Trust of MidAmerica, beneficially owns 158,710 shares of common stock, representing 8.9% of the class as of 12/31/2025. The filing breaks down voting and dispositive power: sole voting power 134,965, shared voting power 23,745, and sole dispositive power 158,710. The form is signed by Gerald Lau on 02/27/2026.
This disclosure records substantial institutional ownership by an employee stock ownership plan trust and provides a clear ownership snapshot for shareholders and regulators.
Minerva Advisors LLC and affiliated entities filed an amended Schedule 13G reporting beneficial ownership of 108,052 shares of Seneca Bancorp, Inc. common stock, representing 6.0% of the outstanding shares.
Minerva Group, LP directly holds 70,402 shares, or 3.9% of the class, with related entities and David P. Cohen deemed beneficial owners of these shares and an additional 37,650 shares held by Minerva Advisors LLC. The ownership percentages are based on 1,790,151 Seneca Bancorp shares outstanding as of November 13, 2025. The reporting persons certify the holdings are not for the purpose of changing or influencing control of the company.
Seneca Bancorp, Inc. (SNNF) director reports new stock option grant. A Form 4 filing shows a director received stock options on 11/21/2025 to acquire 800 shares of common stock at an exercise price of $9.78 per share. These options vest at a rate of one-third per year beginning on November 21, 2026 and expire on November 21, 2035.
After this transaction, the director directly beneficially owns 9,873 shares of Seneca Bancorp common stock and holds stock options on 800 shares from this grant and 3,874 additional stock options, all reported as directly owned.
Seneca Bancorp, Inc. (SNNF) executive and director reports stock grant. The EVP and CFO acquired 5,000 shares of common stock on 11/21/2025 at a stated price of $0, reflecting an equity award rather than an open-market purchase. After this transaction, the reporting person beneficially owns 12,940 shares directly, plus 1,026 shares through an ESOP and 4,003 shares through a 401(k) plan. An explanatory note states that the reported amount includes restricted stock that vests at a rate of 50% per year starting on November 21, 2026, tying the award to multi‑year service. The filing also lists previously granted stock options on Seneca Bancorp common stock with exercise prices of $9.5, $6.73, and $10.07, covering 4,842, 1,695, and 2,421 underlying shares, respectively, with expiration dates in 2029, 2030, and 2031.