URSB Bancorp, Inc.

What they do

The company operates through United Roosevelt Savings Bank, offering certificate of deposit accounts, money market accounts, savings accounts, and interest-bearing and noninterest-bearing checking accounts. Its balance sheet is dominated by a $300.4 million loans receivable portfolio and $38.6 million of securities at December 31, 2025. Net interest income is the primary source of revenue, supplemented by customer service fees, gains or losses on sales of available-for-sale securities, and bank-owned life insurance income.

Revenue drivers

• Net interest income — Interest earned on loans receivable of $300.4 million, net of allowance for credit losses of $2.3 million, less interest paid on deposits; identified in the 10-Q as the primary determinant of results.
• Securities portfolio — Available-for-sale securities of $25.8 million (amortized cost $26.3 million) and held-to-maturity securities of $12.8 million at December 31, 2025, generating interest income and occasional sales gains.
• Noninterest income — Consists primarily of customer service fees, gains or losses on sales of available-for-sale securities, and income on bank-owned life insurance, per the 10-Q overview.
• Deposit franchise — Certificate of deposit, money market, savings, and checking accounts fund the balance sheet; total liabilities were $342.0 million at June 30, 2026 against $381.5 million of total assets.

Recent performance

At June 30, 2026, the company reported total assets of $381.5 million, total liabilities of $342.0 million, and shareholder equity of $39.5 million. Cash and cash equivalents stood at $6.0 million. At December 31, 2025, loans receivable were $300.4 million, net of a $2.3 million allowance, up from $248.0 million net of $1.4 million at December 31, 2024. The 10-K filed April 9, 2026 contained certified consolidated financial statements for United Roosevelt, MHC for the year ended December 31, 2025, following the January 9, 2026 effective date of the company's Form S-1.

Strategy

The 10-Q states the company's results depend primarily on net interest income and are affected by the provision for credit losses, noninterest income, and noninterest expense. Management identifies general and local economic and competitive conditions, changes in market interest rates, and regulatory actions as significant influences. The company completed a mutual-to-stock conversion of United Roosevelt, MHC, with the related Form S-1 declared effective January 9, 2026. No specific growth, capital deployment, or expense initiatives beyond these general statements are described in the excerpts provided.

Risks

• Interest rate and margin pressure — The 10-Q states inflation and changes in the interest rate environment can reduce margins and yields, the fair value of financial instruments, or the level of loan originations.
• Credit quality — The allowance for credit losses rose to $2.3 million at December 31, 2025 from $1.4 million a year earlier as loans grew to $300.4 million; the company cites changes in loan delinquencies and write-offs as a risk.
• Deposit funding and uninsured deposits — The 10-Q lists changes in liquidity, the size and composition of the deposit portfolio, the percentage of uninsured deposits, and the ability to access cost-effective funding as risk factors.
• Real estate concentration — The company cites fluctuations in real estate values and both residential and commercial real estate market conditions as a risk factor affecting its lending markets.

Outlook

The excerpts do not include specific forward guidance on earnings, loan growth, or capital deployment. Management's 10-Q overview frames future results as dependent on net interest income, credit costs, noninterest income and expense, and on general economic, competitive, interest rate, and regulatory conditions. The company disclaims any duty to update forward-looking statements.