v3.26.1

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
ASSETS
Cash and due from banks	$ 7,588	$ 7,385
Short-term investments	40,229	20,761
Cash and cash equivalents	47,817	28,146
Securities available for sale, at fair value (amortized cost $63,392 and $66,461)	62,694	66,562
Federal Home Loan Bank of New York ("FHLB") and Federal Reserve Bank ("FRB") stock, at cost	5,716	7,908
Loans	801,187	803,219
Allowance for credit losses	(8,916)	(8,749)
Net loans	792,271	794,470
Premises and equipment, net	12,695	12,047
Accrued interest receivable	3,128	3,143
Goodwill	1,595	1,595
Bank-owned life insurance	5,679	5,637
Other assets	9,971	8,993
Total assets	941,566	928,501
Liabilities
Demand deposits	146,255	148,536
Savings accounts	85,415	87,243
NOW and money market	424,776	382,252
Time deposits	151,293	147,202
Total deposits	807,739	765,233
FHLB borrowings, short-term		54,000
FHLB borrowings, long-term	20,000	20,000
Junior subordinated debentures	33,194	7,750
Other liabilities	9,966	10,379
Total liabilities	870,899	857,362
Commitments and contingent liabilities (Note 8)
Shareholders' equity
Common stock, $12.50 par value. Authorized 10,000,000 shares; issued 768,000 shares	9,600	9,600
Preferred stock, $12.50 par value. Authorized 2,000,000 shares; none issued at March 31, 2026 and December 31, 2025
Additional paid in capital	42	42
Treasury stock, at cost; 25,337 shares	(991)	(991)
Retained earnings	61,873	61,874
Accumulated other comprehensive income/(loss)	143	614
Total shareholders' equity	70,667	71,139
Total liabilities and shareholders' equity	$ 941,566	$ 928,501

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-11

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480870/815-30-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (h)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14

Ballston Spa Bancorp, Inc. 10-Q