Every 10-Q that SENECA BANCORP, INC. (SNNF) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SNNF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SNNF filings page.
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. 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. reported Q3 2025 results reflecting balance-sheet growth and modest profitability. Total assets reached $316.5 million, up from $280.9 million at year-end 2024, with deposits at $238.1 million and net loans at $214.8 million. Stockholders’ equity was $24.4 million.
Quarterly net income was $185,000 (vs. $328,000 a year ago) on net interest income of $2.226 million. For the nine months, net income was $137,000 (vs. $610,000), reflecting a higher provision for credit losses of $701,000. Noninterest income was $595,000 in Q3, while noninterest expense was $2.517 million. Comprehensive income benefited from securities valuation gains, lifting Q3 total comprehensive income to $640,000.
The Company completed its mutual-to-stock conversion on October 15, 2025, including the sale of 1,044,858 shares at $10.00 for gross proceeds of approximately $10.4 million and an exchange ratio of 0.9684 for existing holders. Upon completion, about 1,790,203 shares were outstanding; 1,790,151 shares were outstanding as of November 13, 2025. Credit metrics included nonaccrual loans of $582,000 and a loan allowance of $1.794 million.
Seneca Bancorp, Inc. reported interim 10-Q disclosures showing a pending conversion from a mutual to stock holding company expected in the fourth quarter of 2025 and requiring regulatory and member approvals. Investment securities had multiple positions in continuous loss for more than 12 months including municipal, mortgage-backed and corporate holdings, and an allowance is recorded for a defaulted Madison County Capital Resource Corp. bond with fair value determined by discounted cash flows (Level 3). Credit metrics include 32,000 in home equity loans and lines past due 90 days and still accruing. Construction commitments were $324.4 (unaudited) and $1.4 million at June 30, 2025 and December 31, 2024. The company pledged $62.9 million (unaudited) of deposits and $8.5 million (unaudited) of investment securities under a blanket collateral agreement; brokered deposits were $18.1 million (unaudited). The ESOP received $775,740 in proceeds to purchase 77,574 shares at $10.00 per share with a 4.25% fixed-rate loan; 59,650 shares remain unreleased with an aggregate market value of approximately $640,270 (unaudited). Compensation-related expenses and remaining equity compensation balances are disclosed for the periods ended June 30, 2025 and 2024.