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Steele Bancorp, Inc. filings document the public-company records of a Pennsylvania bank holding company and parent of Central Penn Bank and Trust. Its Form 8-K reports furnish unaudited consolidated earnings, results of operations and financial condition, dividend declarations, dividend payment-schedule communications, Regulation FD updates, and material-agreement disclosures.
Proxy materials cover annual meeting governance, including director elections, ratification of the independent registered public accounting firm, advisory votes on executive compensation, and the frequency of future compensation votes. The filings also identify the company’s OTC Pink-traded STLE shares and note that no securities are registered on a national exchange under Section 12(b).
STEELE BANCORP INC (STLE), through its wholly owned subsidiary Central Penn Bank & Trust, updated supplemental executive retirement arrangements for several senior executives. The board of the bank approved these actions on July 16, 2026.
The bank entered into a new supplemental executive retirement agreement with J. Todd Troxell, providing a normal retirement benefit of $45,600 per year, payable in equal monthly installments over 15 years starting after he reaches age 65, with early termination, disability, death, and change in control benefits based on a vesting schedule. These benefits can be forfeited if he violates restrictive covenants or is terminated for cause.
Amendments for other executives increase normal annual retirement benefits to $157,000 for Jeffrey J. Kapsar, $117,000 for Thomas C. Graver Jr., and $79,000 for Thomas L. Eberhart, with corresponding changes to related benefit schedules; other terms of their existing agreements remain unchanged.
Steele Bancorp, Inc. reported significantly higher profitability for the quarter and six months ended June 30, 2026, reflecting its merger with Northumberland Bancorp and strong core banking performance. Quarterly net income rose to $5.26 million from $1.82 million a year earlier, with six‑month net income of $10.14 million versus $3.63 million. Quarterly net interest income increased to $12.66 million from $4.99 million, while noninterest income also expanded.
Total assets were $1.27 billion and loans reached $923.97 million, funded primarily by deposits of $1.12 billion. Basic and diluted EPS were $1.54 for the quarter and $2.98 year‑to‑date, up from $0.98 and $1.95. Credit costs remained low, with only $55 thousand in gross charge‑offs year‑to‑date and an allowance for credit losses of $9.93 million.
The 2025 acquisition of Northumberland Bancorp produced an adjusted bargain purchase gain of $18.30 million, and acquisition accounting accretion added $598 thousand to year‑to‑date pre‑tax income. Capital management actions included issuing $7.5 million of 6.0% senior secured debt due 2031 and redeeming $10.0 million of subordinated debt. Shareholders received $0.76 per share in cash dividends in the first half of 2026.
Steele Bancorp, Inc. reported sharply higher results for the quarter ended June 30, 2026, the first comparable period fully reflecting its August 1, 2025 merger with Northumberland Bancorp. Net income was $5.26 million versus $1.82 million a year earlier, and year‑to‑date net income was $10.14 million versus $3.63 million. Basic and diluted EPS were $1.54 for the quarter and $2.98 for the first half of 2026.
Net interest income rose to $12.66 million for the quarter and $24.87 million year‑to‑date, driven by growth in loan and securities balances, a 70‑basis‑point increase in yield on earning assets to 6.04%, and a 22‑basis‑point decline in cost of funds to 2.16%. GAAP net interest margin improved to 4.31%, and tax‑equivalent margin to 4.38%. Noninterest income increased to $1.89 million for the quarter, primarily from added trust fees and higher ATM and debit card usage.
As of June 30, 2026, total assets were $1.27 billion, up $12.29 million, or 1.0%, from December 31, 2025, with modest increases in cash, loans, and securities. Steele Bancorp remained well capitalized, with a total equity‑to‑assets ratio of 9.77%, and maintained significant unused borrowing capacity with the Federal Home Loan Bank of Pittsburgh and the Federal Reserve Discount Window.
Steele Bancorp, Inc. reported that its board declared a regular semi-annual cash dividend of $0.76 per share for the six months ended June 30, 2026. The dividend will be paid on June 29, 2026 to shareholders of record on June 15, 2026.
Year-to-date dividends declared in 2026 total $0.76 per share, slightly above the $0.74 per share declared for the same period in 2025. Steele also notes that its banking subsidiary had $1.27 billion in total assets and 173 employees as of March 31, 2026.
Steele Bancorp, Inc. reported net income of $4.88M for the three months ended March 31, 2026, up from $1.81M a year earlier, with earnings per share rising to $1.43 from $0.97. Total assets were $1.27B, loans were $916.9M, and deposits totaled $1.12B as of March 31, 2026. Results reflect the integration of the August 2025 acquisition of Northumberland Bancorp, which produced an adjusted bargain purchase gain of $18.30M and ongoing acquisition accounting accretion of $0.31M to pre-tax income this quarter. The bank’s Community Bank Leverage Ratio was 8.94%, slightly below the 9.00% threshold but within the permitted grace period while it remains categorized as well capitalized.
Steele Bancorp, Inc. reported the results of its 2026 Annual Meeting of Shareholders. Four directors – Timothy J. Apple, Richard J. Drzewiecki, Bradley E. Moyer, and J. Todd Troxell – were elected, each receiving over 1.45 million votes in favor, with additional broker non-votes recorded.
Shareholders approved the company’s named executive officer compensation, with 1,441,453 votes for, 67,602 against, and 62,071 abstentions, plus broker non-votes. They also supported holding future say-on-pay advisory votes every one year, with 859,024 votes favoring the annual frequency.
In addition, shareholders ratified the appointment of YHB CPAs and Consultants as independent registered public accounting firm for the year ending December 31, 2026, with 1,723,241 votes for, 20,403 against, and 62,603 abstentions. Management’s shareholder meeting presentation was furnished as Exhibit 99.1 under Regulation FD and not deemed filed for liability purposes.
Steele Bancorp, Inc. delivered strong growth in 2025, roughly doubling its balance sheet and sharply increasing profitability. Total assets reached $1.26 billion at December 31, 2025, up from $596.7 million a year earlier, driven largely by the acquisition of Northumberland Bancorp (NUBC).
Loans rose to $918.2 million and deposits to $1.11 billion, reflecting an expanded franchise. Net interest income nearly doubled to $31.8 million, while noninterest income jumped to $22.7 million, helped by an $18.3 million bargain purchase gain from the NUBC deal.
Net income climbed to $22.9 million from $4.5 million in 2024, with earnings per share increasing to $9.15 from $2.41. The company also recorded a $13.6 million core deposit intangible and ended the year with $118.4 million of stockholders’ equity.
Steele Bancorp, Inc. filed an amended Form 10-Q/A for the quarter ended September 30, 2025 to correct a single exhibit cross-reference. The amendment updates the citation for the Company’s Bylaws to refer to Exhibit 3(ii) to its Form 8-K filed on July 17, 2025.
The amendment makes no other changes to the original quarterly report and does not update any financial information. As of November 14, 2025, the Company had 3,405,061 shares of voting common stock outstanding. The filing includes updated CEO and CFO certifications but no Section 906 certifications because it contains no financial statements.
Steele Bancorp, Inc. filed an amended quarterly report for the period ended June 30, 2025 to correct an exhibit cross-reference only. The amendment changes the cited source of the Company’s Bylaws to Exhibit 3(ii) to its Form 8-K filed on July 17, 2025.
The company states no other changes were made to the original Form 10-Q, and no financial information was updated. As of August 14, 2025, Steele Bancorp had 3,405,061 shares of voting common stock outstanding. The amendment also includes updated executive officer certifications as required by Rule 12b-15 but omits Section 906 certifications because it contains no financial statements.
STEELE BANCORP INC Chief Financial Officer Thomas Clark Graver Jr. filed an initial Form 3 reporting his ownership of the company’s common stock. The filing shows indirect ownership of 3,669 shares through an ESOP and direct ownership of 2,416 shares, with no buy or sell transactions reported.