URSB Bancorp, Inc. reported that, as of October 22, 2026, the reporting persons beneficially owned an aggregate of 152,397 common shares, approximately 6.53% of the class. The percentage is based on 2,334,375 shares outstanding as of June 30, 2026. Seidman & Associates LLC, Seidman Investment Partnership, Seidman Investment Partnership II, LSBK06-08 LLC, Broad Park Investors LLC and Chewy Gooey Cookies LLP each purchased shares in the open market during the past 60 days. Lawrence B. Seidman individually owned no shares and made no transactions in that period; he may be deemed the beneficial owner of shares held through his stated roles and has sole and exclusive investment discretion and voting authority over those shares. Veteri Place Corp., general partner of the two partnerships, may also be deemed the beneficial owner of their shares and reported no transactions.
The stated aggregate purchase cost for the 152,397 shares beneficially owned was approximately $1,714,411.61, including brokerage commissions. The reporting persons state that the shares were purchased with working capital, which may include margin loans made by brokerage firms in the ordinary course.
URSB Bancorp, Inc. is the subject of a Schedule 13D by a group of eight reporting persons that reports beneficial ownership of 126,045 common shares, or approximately 5.40% of the issuer’s shares. The percentage is based on 2,334,375 shares outstanding as of June 30, 2026. The reporting persons say the shares were purchased in the open market with working capital; the aggregate purchase cost for the 126,045 shares was approximately $1,373,442.34, including brokerage commissions.
Six investment entities among the reporting persons report open-market purchases in the past 60 days; Veteri Place Corporation and Lawrence Seidman report no purchases or sales during that period. Lawrence Seidman may be deemed to beneficially own the 126,045 shares through the entities and has sole voting and investment authority over their shares; he individually owns no shares. The group says it may increase or decrease its position through open-market or private transactions, depending on various factors.
URSB Bancorp, Inc. reported that its wholly owned subsidiary, United Roosevelt Savings Bank, appointed Raymond J. Vanaria, CPA to the Bank’s Board of Directors on September 16, 2026, with his term beginning on October 28, 2026.
The Bank’s Board received Mr. Vanaria’s recommendation from Lawrence B. Seidman, described as an investor in community banks. Mr. Vanaria is a member of public accounting firm Malesardi, Quackenbush, Swift & Company, LLC in Englewood, New Jersey, and has prior service on boards of other publicly traded community banks.
URSB Bancorp, Inc. reported modestly improved profitability for the three and six months ended June 30, 2026 following its mutual-to-stock conversion and IPO in March 2026. Net income was $225,000 for the quarter, up from $71,000 a year earlier, and $380,000 for the first half of 2026 versus $203,000 in 2025. Basic and diluted earnings per share were $0.11 for the quarter and $0.18 for the six-month period.
Total assets grew to $381.5 million from $368.0 million, driven mainly by loans receivable increasing to $317.6 million from $300.4 million, particularly in residential real estate and consumer loans. Deposits were stable at $291.9 million, while Federal Home Loan Bank advances declined to from $46.8 million.
Total equity nearly doubled to $39.5 million from $20.0 million, reflecting capital raised in the stock offering and retained earnings. Asset quality remained strong, with non-accrual loans of $93,000 and an allowance for credit losses on loans of $2.46 million. Regulatory capital ratios were high, including a common equity Tier 1 ratio of 13.29% and a Tier 1 leverage ratio of 9.11%, categorizing the bank as well capitalized.
URSB Bancorp, Inc. reports that on July 16, 2026, Michael L. Hammer removed himself from appointment as a Director of the company and its bank subsidiary, United Roosevelt Savings Bank. He notified the company that he is ineligible to serve as a Director under the policies of LPL Financial, Fort Mill, South Carolina, because of URSB Bancorp’s status as a public company.
Mr. Hammer is an Independent Registered Representative of LPL Financial. His appointment to the boards, with a term that was to begin on July 29, 2026, had been previously reported as of June 26, 2026.
URSB Bancorp, Inc. reported that its Board of Directors has appointed Michael L. Hammer as a director in the class of directors whose terms expire in 2026. His term on the Company’s Board and on the Board of its bank subsidiary, United Roosevelt Savings Bank, will begin on July 29, 2026.
Mr. Hammer was recommended by Lawrence B. Seidman, an investor in community banks, and will serve on the Audit Committee and the Nominating/Corporate Governance Committee once his term starts. He is currently the Chief Compliance Officer and Portfolio Manager of Veteri Place Corporation and an Independent Registered Representative of LPL Financial.
The Company states there are no transactions since the beginning of the last fiscal year, or currently proposed, in which URSB Bancorp was or is to be a participant, where the amount involved exceeds $120,000 and in which Mr. Hammer had or will have a direct or indirect material interest.
URSB Bancorp, Inc. director John F. Kwasnik reported an open-market purchase of common stock. On June 8, 2026, he bought 500 shares of URSB common stock at $11.37 per share, classified as a direct ownership transaction.
After this purchase, Kwasnik directly holds 14,680 common shares. He also indirectly holds 5,820 common shares through a Deferred Compensation Plan, giving him both direct and indirect exposure to URSB Bancorp’s stock.
URSB Bancorp, Inc. reports first-quarter 2026 results following its March 26 mutual-to-stock conversion and initial public offering. Total assets were $380.6 million and net loans reached $304.7 million, with deposits of $285.8 million and borrowings of $51.6 million.
Net income was $155,000 for the quarter, compared with $133,000 a year earlier, and basic and diluted earnings per share were $0.07 on 2,147,625 weighted average shares. Net interest income rose to $2.5 million, while the net interest margin was 2.63% and credit quality remained strong with non-accrual loans of $90,000.
Following the stock conversion and offering, total equity nearly doubled to $39.8 million and the Bank remained well capitalized, with a total risk-based capital ratio of 14.43% and a common equity Tier 1 ratio of 13.47% as of March 31, 2026.
URSB Bancorp, Inc. files a special Form 10-K to provide certified 2025 financial statements for United Roosevelt MHC ahead of its mutual-to-stock conversion. Total assets rose to $367.97 million from $315.86 million, driven mainly by loan growth.
Net loans increased to $300.44 million, while deposits reached $290.95 million and FHLB and other borrowings were $53.57 million. Net interest income was $8.43 million and net income was $503,000, slightly below $576,000 in 2024 as credit loss provisions increased. Comprehensive income improved to $1.65 million, helped by better securities valuations and pension gains.
The allowance for credit losses on loans expanded to $2.28 million as the bank adopted a new CECL method and grew consumer lending, though non-accrual loans remained low at $121,000. Regulatory capital ratios stayed solid, with total risk-based capital of 11.58%, keeping the bank well capitalized.
URSB Bancorp, Inc. director Patrick J. DeBlasio filed an initial ownership report on Form 3, showing existing holdings of the company’s common stock. The filing reports 5,000 shares held directly and 5,000 shares held indirectly through a Deferred Compensation Plan, with no new purchases or sales disclosed.