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. (SNNF) reported that officer Jamie Nastri, SVP - Operations, received a grant of 1,000 shares of Common Stock on August 21, 2026 as a restricted stock award at $0.00 per share. These shares vest at a rate of 20% per year commencing on August 21, 2027. Following this grant, Nastri directly holds 2,936 shares of common stock, with additional indirect holdings of 860 shares through an ESOP and 549 shares through a 401(k) plan. Nastri also holds stock options covering 1,453 underlying shares at an exercise price of $9.50 expiring August 16, 2029, and options covering 484 underlying shares at an exercise price of $10.07 expiring June 18, 2031.
Seneca Bancorp, Inc. (symbol: SNNF) is the issuer of record for a Form 4 filing submitted to the SEC.
Seneca Bancorp, Inc. (SNNF) reported that EVP and CFO Angela M. Krezmer received equity-based compensation awards on August 21, 2026. She was granted stock options covering 5,000 shares of common stock at an exercise price of $13.28 per share, expiring on August 21, 2036, which vest at 20% per year commencing August 21, 2027. She also received 1,000 shares of restricted common stock that vest at 20% per year starting on the same date, resulting in reported direct holdings of 5,000 options and 1,000 common shares.
Seneca Bancorp, Inc. reported for the quarter ended June 30, 2026 that total assets were $312.4 million, essentially flat versus December 31, 2025. Net loans were $236.7 million and deposits were $235.0 million, while stockholders’ equity was $32.8 million.
For the three months ended June 30, 2026, the company generated net income of $93,000, compared with a net loss of $196,000 a year earlier; for the six-month period, net income was $43,000 versus a loss of $48,000. Net interest income for the quarter rose to $2.6 million on interest income of $4.0 million and interest expense of $1.4 million.
The allowance for credit losses on loans totaled $1.8 million, and the allowance on municipal debt securities was $666,000, including a full reserve on a defaulted Madison County Capital Resource Corp. bond. Nonaccrual loans were $2.6 million, and collateral-dependent loans totaled $5.1 million, primarily secured by real estate.
Seneca Bancorp, Inc. filed an initial insider ownership report for EVP and CFO Angela M. Krezmer. The filing shows that she reports no directly owned shares of Common Stock following the reported position, and there are no listed derivative securities such as options or warrants.
Seneca Bancorp, Inc. announced that Executive Vice President and Chief Financial Officer Vincent Fazio plans to retire effective June 30, 2026. He will remain on the company and bank boards and serve as a consultant through June 30, 2027 for a $1,000 monthly fee plus $100 per hour above 10 hours.
The bank amended his supplemental executive retirement agreement to provide a $15,000 annual early retirement benefit. Angela Krezmer has been appointed Executive Vice President and Chief Financial Officer effective July 1, 2026, and Angelo Testani has been appointed Executive Vice President and Chief Banking Officer.
Each executive entered into employment agreements running initially through December 31, 2028, with automatic one-year renewals. The agreements provide base salaries of $220,000 for Ms. Krezmer and $201,375 for Mr. Testani, severance protections in certain terminations, enhanced benefits upon a change in control, and one-year non‑competition and non‑solicitation covenants after non‑change‑in‑control terminations.
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.