Gouverneur Bancorp Inc
gouverneurbank.comWhat Do They Do?
Provides home mortgages, other loans and deposit services to local individuals, families, businesses and municipalities.
10-K for FY2025, filed Dec 19, 2025Gouverneur Savings and Loan Association. The Bank is a New York-chartered stock savings and loan association headquartered in Gouverneur…View ↗
The Bank’s principal business consists of originating one- to four-family residential real estate mortgage loans and, to a lesser extent…View ↗
GS&L Municipal Bank. The Bank operates a limited-purpose wholly owned subsidiary, GS&L Municipal Bank, that was formed in September 2022 as…View ↗
How Do They Make Money?
Borrowers pay interest on loans over time, and the bank also earns interest on securities. Customers pay transaction-based deposit, ATM and card fees when transactions are processed, and periodic service charges over the service period.
10-K for FY2025, filed Dec 19, 2025Our results of operations depend primarily on our net interest income. Net interest income is the difference between the interest income we…View ↗
The Bank’s principal business consists of originating one- to four-family residential real estate mortgage loans and, to a lesser extent…View ↗
Service charges on deposits, ATM, and interchange fees – Fees from these services are either transaction-based, for which the performance…View ↗
$8.7M
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10-K for FY2025, filed Dec 19, 2025
$8.7M ↗
Who Are Their Customers?
Individuals, families and businesses borrow from the bank, mainly through its in-house loan originators, with additional business coming from advertising and customer and realtor referrals. It takes retail deposits from the public and municipal deposits through GS&L Municipal Bank.
10-K for FY2025, filed Dec 19, 2025The Bank’s principal business consists of originating one- to four-family residential real estate mortgage loans and, to a lesser extent…View ↗
GS&L Municipal Bank. The Bank operates a limited-purpose wholly owned subsidiary, GS&L Municipal Bank, that was formed in September 2022 as…View ↗
Loan Origination, Purchases and Sales. Loan originations come from a number of sources. The primary source of loan originations are our…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 8 cents of every revenue dollar as net income in FY2025 and turned 8 cents into free cash flow.
How Are They Changing?
Growing. Revenue grew 91% in 3 years, from $4.5M in FY2022 to $8.7M in FY2025, about 24% a year.
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