No recent public news coverage is available for URSB Bancorp, Inc. The latest significant event is the filing of the 10-K annual report for the fiscal year ended December 31, 2025, and the ongoing mutual-to-stock conversion process.

• URSB Bancorp filed its certified consolidated financial statements for the fiscal year ended December 31, 2025, as required by SEC Rule 15d-2, providing audited financial data for the company and its subsidiaries [S1].
• The company is engaged in a mutual-to-stock conversion process, with Janney Montgomery Scott LLC appointed as agent to assist in marketing the common stock offering, including specified fees and expense reimbursements [S1].

The company benefits from a diversified loan portfolio with a focus on real estate-secured lending in New Jersey, which may provide stable cash flows. Its recent increase in deposits and loans indicates growth in core banking activities. The adoption of the SCALE method for credit loss estimation aligns with its size and complexity, potentially enhancing risk management. The mutual-to-stock conversion and associated stock offering may provide additional capital and market visibility.

The company’s concentration in the New Jersey real estate market exposes it to regional economic downturns and real estate price volatility. Interest rate risk exists due to the mismatch in asset and liability durations, which could pressure net interest income in certain environments. The company’s relatively small scale and recent formation as a holding company may limit operational flexibility and market presence. The mutual-to-stock conversion process introduces execution risks and potential dilution.

URSB Bancorp's moat is primarily derived from its regional focus and established relationships in the New Jersey real estate lending market. Its status as a community bank with a diversified loan portfolio secured by real estate provides some insulation from broader market volatility. The company’s regulatory membership, including required holdings of Federal Home Loan Bank stock, and its adherence to prudent credit loss estimation methodologies contribute to operational stability. However, the company faces typical risks associated with regional economic conditions and interest rate fluctuations.

• Regional Economic and Real Estate Market Risk: The company’s loan portfolio is concentrated in real estate secured loans primarily in New Jersey, making it sensitive to local economic conditions and real estate market fluctuations.
• Interest Rate Risk: Mismatch in the duration of interest-sensitive assets and liabilities exposes the company to potential reductions in net interest income in rising rate environments.
• Credit Risk and Allowance Estimation: The allowance for credit losses involves significant management estimates and assumptions, which may be subject to revision as economic conditions change.
• Execution Risk in Mutual-to-Stock Conversion: The ongoing mutual-to-stock conversion and related stock offering involve regulatory, operational, and market risks that could impact the company’s capital structure and shareholder base.

• URSB Bancorp, Inc. is a Maryland corporation formed on September 8, 2025, to serve as the bank holding company for United Roosevelt Savings Bank and its subsidiaries as part of a mutual holding company reorganization.
• As of December 31, 2025, the reorganization was not completed; the Registrant had no assets or liabilities and had not conducted business other than organizational activities.
• The consolidated financial statements include United Roosevelt MHC, the Bancorp, the Bank, and the Investment Corp., prepared in conformity with US GAAP.
• The company operates primarily in banking activities, attracting deposits and making loans secured by real estate and purchasing securities.
• The loan portfolio is segmented into residential real estate loans, commercial real estate loans, commercial and industrial loans, and consumer loans, with collateral primarily in New Jersey.
• The company uses the SCALE method for allowance for credit losses estimation, aligned with its size and complexity.
• As of December 31, 2025, total assets were $367.973 million, total liabilities $347.979 million, and total equity $19.994 million.
• Cash and cash equivalents were $8.391 million as of December 31, 2025, down from $10.727 million in 2024.
• Loans receivable net of allowance for credit losses were $300.438 million as of December 31, 2025, up from $248.025 million in 2024.
• Deposits totaled $290.950 million as of December 31, 2025, up from $246.079 million in 2024.
• Net interest income for the year ended December 31, 2025 was $8.431 million, with net income of $503 thousand.
• The company reported comprehensive income of $1.651 million for the year ended December 31, 2025, including net income and other comprehensive income.
• The company has a single reportable segment monitored on a company-wide basis by management.
• The company is not a shell company and had 2,334,375 shares outstanding as of April 3, 2026.
• The company filed a Form S-1 effective January 9, 2026, related to a stock offering in connection with the mutual-to-stock conversion of United Roosevelt MHC.
• Janney Montgomery Scott LLC was engaged as an agent to assist in marketing the company's common stock during the stock offering, with specified fees and expense reimbursements.
• The company’s business is concentrated in loans collateralized by real estate primarily in New Jersey, exposing it to regional economic and real estate market risks.
• The company’s securities portfolio includes available-for-sale and held-to-maturity securities, including U.S. government obligations and mortgage-backed securities.
• The company holds Federal Home Loan Bank of New York stock as required by federal law.
• The company’s interest rate risk arises from the mismatch in duration between interest-sensitive assets and liabilities, which management monitors regularly.