Here are the 10-Q quarterly reports from URSB Bancorp Inc (URSB) in our archive since June 2025, 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 URSB 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 URSB filings page.
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 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.