URSB Bancorp, Inc. (URSB) is a bank holding company that owns and operates United Roosevelt Savings Bank, a savings bank serving retail and online banking customers. The company was incorporated on August 19, 2025, and completed its conversion from mutual holding company form to stock form effective March 26, 2026, with the former mutual holding company being United Roosevelt, MHC. Revenue is generated primarily through net interest income, the spread between interest earned on loans receivable, securities, and cash assets and interest paid on deposits and borrowings including Federal Home Loan Bank advances and senior notes. Interest income from loans receivable was the largest driver of interest income growth in Q1 2026, contributing $868,000 of the $1.020 million total increase in interest-earning asset income for the three months ended March 31, 2026 versus the same period in 2025. Non-interest expense totaled $2.4 million for the three months ended March 31, 2026, up 35.8% year over year, reflecting staff additions for retail and online banking and costs related to establishing a charitable foundation as part of the capital conversion.

Revenue model

Net interest income from loans receivable, investment securities (available-for-sale and held-to-maturity), certificates of deposit, and cash equivalents, funded by interest-bearing deposits (checking, money market, savings, brokered and non-brokered CDs) and wholesale borrowings (Federal Home Loan Bank advances, Federal Reserve Bank advances, senior notes).

Products and services

Retail deposit accounts including interest-bearing checking, money market, savings and club accounts, and certificates of deposit; loan products (loans receivable); investment securities portfolio (available-for-sale and held-to-maturity); online banking services; bank owned life insurance (BOLI); Federal Home Loan Bank of New York stock; Atlantic Community Bankers Bank stock.

Customers and end markets

Retail banking customers served through branch and online channels. Deposit growth drove increases in federal deposit insurance premiums as of Q1 2026. No specific customer concentration data disclosed in the filing.

Value-chain role

Community savings bank acting as a deposit-taking and lending institution. Accepts retail deposits and deploys capital into loans and investment securities. Holding company structure established March 26, 2026 following mutual-to-stock conversion.

Geographic exposure

No specific geographic markets or branch locations disclosed in the filing excerpts. The company holds Federal Home Loan Bank of New York stock, indicating membership in the FHLB New York district.

Source: SEC 10-Q, filed 2026-05-15

Industry: Savings Institutions, Not Federally Chartered