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Form 8-K

sec.gov

8-K — BCB BANCORP INC

Accession: 0001193125-26-329536

Filed: 2026-08-03

Period: 2026-08-03

CIK: 0001228454

SIC: 6035 (SAVINGS INSTITUTION, FEDERALLY CHARTERED)

Item: Results of Operations and Financial Condition

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — d149798d8k.htm (Primary)

EX-99.1 (d149798dex991.htm)

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XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: d149798d8k.htm · Sequence: 1

8-K

BCB BANCORP INC false 0001228454 0001228454 2026-08-03 2026-08-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 3, 2026

BCB BANCORP, INC.

(Exact name of registrant as specified in its charter)

New Jersey

0-50275

26-0065262

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

104-110 Avenue C

Bayonne, New Jersey

07002

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (201) 823-0700

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Common Stock, no par value

BCBP

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02.

Results of Operations and Financial Condition.

On August 3, 2026, BCB Bancorp, Inc. (the “Company”), the holding company for BCB Community Bank, issued a press release (the “Press Release”) reporting the Company’s financial results at and for the second quarter ended June 30, 2026. A copy of the Press Release and the accompanying financial statements are attached hereto as Exhibit 99.1 and are incorporated herein by reference into this Item 2.02.

The information provided in Item 2.02 of this report, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

Item 8.01.

Other Events.

The Company also announced today that the Company’s board of directors approved a proposal to change the Company’s state of incorporation from New Jersey to Delaware and also to end the current staggered board terms and move to annual director elections, subject to shareholder approval.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

No.

Description

99.1

Press Release, dated August 3, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BCB BANCORP, INC.

DATE: August 3, 2026

By:

/s/ Jawad Chaudhry

Jawad Chaudhry

Executive Vice President and Chief Financial Officer

(Duly Authorized Representative)

EX-99.1

EX-99.1

Filename: d149798dex991.htm · Sequence: 2

EX-99.1

Exhibit 99.1

Contact:

Jawad Chaudhry,

EVP, CFO & TREASURER

(201) 823-0700

BCB Bancorp, Inc.

Reports Net Loss of $14.8 Million in the Second Quarter 2026

Board Approves Reincorporation in Delaware, Subject to

Shareholder Approval

BAYONNE, N.J., August 3, 2026 — BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding

company for BCB Community Bank (the “Bank”), today reported a net loss of $14.8 million for the second quarter of 2026, compared to net income of $4.9 million in the first quarter of 2026, and net income of $3.6 million

for the second quarter of 2025. The Company’s loss per diluted share for the second quarter was ($0.85) compared to earnings per diluted share of $0.26 in the preceding quarter and $0.18 in the second quarter of 2025. The Company’s

reported net loss for the six months ended June 30, 2026 was $9.9 million, compared to a net loss of $4.8 million for the six months ended June 30, 2025. The Company’s loss per diluted share for the six months ended

June 30, 2026 was ($0.60) compared to a loss per diluted share of ($0.33) for the six months ended June 30, 2025.

Executive Summary

Total deposits were $2.636 billion at June 30, 2026, compared to $2.672 billion at March 31,

2026.

Net interest margin was 3.03 percent for the second quarter of 2026, compared to 2.95 percent for the

first quarter of 2026, and 2.80 percent for the second quarter of 2025.

Total yield on interest-earning assets was 5.25 percent for the second quarter of 2026, compared to

5.21 percent for the first quarter of 2026, and 5.24 percent for the second quarter of 2025.

Total cost of interest-bearing liabilities decreased 6 basis points to 2.87 percent for the second quarter

of 2026, compared to 2.93 percent for the first quarter of 2026, and decreased 29 basis points from 3.16 percent for the second quarter of 2025.

The efficiency ratio for the second quarter was 96.8 percent compared to 62.4 percent in the prior

quarter, and 60.6 percent in the second quarter of 2025.

The annualized return on average assets ratio for the second quarter was (1.83) percent, compared to

0.61 percent in the prior quarter, and 0.42 percent in the second quarter of 2025.

The annualized return on average equity ratio for the second quarter was (19.22) percent, compared to

6.50 percent in the prior quarter, and 4.55 percent in the second quarter of 2025.

The provision for credit losses was $19.0 million in the second quarter of 2026 compared to

$2.8 million for the first quarter of 2026. In the second quarter of 2025, the Bank recorded a provision of $4.9 million.

Total criticized and classified loans was $367.4 million in the second quarter compared to

$403.0 million at March 31, 2026.

The allowance for credit losses on loans as a percentage of non-accrual

loans was 62.5 percent at June 30, 2026, compared to 54.5 percent for the prior quarter-end and 49.8 percent at June 30, 2025. Total non-accrual

loans were $72.0 million at June 30, 2026, $59.8 million at March 31, 2026 and $101.8 million at June 30, 2025.

Total loans receivable, net of the allowance for credit losses on loans, of $2.588 billion at June 30,

2026, decreased from $2.860 billion at June 30, 2025.

The net loss for the second quarter of 2026 was primarily driven by a

$19.0 million provision for credit losses on loans, a $5.3 million non-cash goodwill impairment charge, and a $2.6 million loss on a loan transferred to held-for-sale. The elevated provision reflects additional reserves established for the Business Express loan portfolio and other portions of the Commercial and Industrial (“C&I”) loan

portfolio, which has continued to experience elevated net charge-offs. Management determined that a higher reserve level was prudent given the portfolio’s performance trends, taking into account the early results of a recently commenced

evaluation of the Bank’s loan portfolio focusing on potential problem loans. The goodwill impairment charge resulted from an interim quantitative impairment assessment triggered by the Company’s significant quarterly loss and the

continued trading of its stock at a substantial discount to book value. The non-cash charge fully impaired the goodwill recorded on its balance sheet. The loss on the loan transferred to held-for-sale is consistent with management’s overall balance sheet evaluation strategy and relates to a non-accrual construction

loan expected to be sold during the third quarter.

BCBP Reports Second Quarter 2026 Results

August 3, 2026

Page

2

“We are actively conducting a comprehensive review of the Bank’s loan portfolio with the

assistance of independent consultants as part of our broader effort to strengthen the balance sheet and position the franchise for long-term success. It is too early in our evaluation to assess whether and to what extent additional loans, not

captured in the second quarter results, may be impacted. While we remain focused on delivering sustainable operating performance, our immediate priority is to maintain disciplined balance sheet management and long-term value creation. As our

evaluation continues in the third quarter, we will fully explore various alternatives to strengthen the credits or exit the relationships, which may include workouts and loan restructurings, such as potentially seeking additional collateral,

interest rate adjustments, as well as select loan sales. In addition, the Bank has ceased originating residential mortgage, home equity, and consumer loans, as we believe the current risk-adjusted returns in these categories are not sufficiently

attractive. At June 30, 2026, our capital remains above well capitalized. To help preserve capital at the bank and liquidity at the holding company, the board of directors agreed to suspend both common and preferred dividends at their June

meeting. We have taken these steps that are focused on capital preservation to support our balance sheet strengthening initiatives and reinforce our commitment to building a safer, stronger, and more resilient institution.” said Tom

O’Brien, President and Chief Executive Officer of the Company and the Bank.

Reincorporation in Delaware

The Company also announced today that the board has decided to change its state of incorporation to Delaware, and to end the current staggered board terms in

favor of annual director elections. Mr. O’Brien noted: “the change to Delaware will align us with the vast majority of public companies and allows for updated governance provisions that will help place our company in line with

prevailing public company governance practices. Later this quarter, we will call a special meeting of shareholders to be held late this year. The purpose of the meeting will be to seek shareholder approval to reincorporate in Delaware. The full

presentation of these governance changes will be provided in a proxy statement in connection with the special meeting.”

Balance Sheet Review

Total assets decreased by $161.3 million, or 4.9 percent, to $3.118 billion at June 30, 2026, from $3.279 billion at

December 31, 2025. The decrease in total assets was mainly related to a decrease in net loans and cash and cash equivalents, offset by an increase in debt securities.

Total cash and cash equivalents decreased by $79.7 million, or 28.8 percent, to $196.9 million at June 30, 2026, from $276.6 million

at December 31, 2025. The decrease in cash was primarily due to the reduction of the Bank’s exposure to wholesale funding by paying down high cost brokered deposits and FHLB advances.

Loans receivable, net, decreased by $103.1 million, or 3.8 percent, to $2.588 billion at June 30, 2026, from $2.691 billion at

December 31, 2025, due to loan payoffs, paydowns and charge-offs. Total loan decreases during the period included decreases of $35.2 million in construction loans, $30.9 million in commercial and multi-family loans, $10.9 million

in commercial business loans, $5.9 million in business express loans, and $8.0 million in 1-4 family residential loans, and $679,000 in cannabis, home equity and consumer loans.

The allowance for credit losses on loans increased $11.3 million to $45.0 million, or 62.5 percent of

non-accruing loans and 1.71 percent of gross loans, at June 30, 2026, as compared to an allowance for credit losses on loans of $33.7 million, or 53.3 percent of non-accruing loans and 1.24 percent of gross loans, at December 31, 2025.

Total investment securities

increased by $16.7 million, or 12.3 percent, to $152.3 million at June 30, 2026, from $135.6 million at December 31, 2025, representing current year purchases, offset by current year sales.

Deposits decreased by $37.6 million, or 1.4 percent, to $2.636 billion at June 30, 2026, from $2.674 billion at December 31,

2025. Certificates of deposit accounts and savings accounts decreased $45.2 million and $13.1 million, respectively, and were offset by an increase in money market accounts of $20.8 million. Brokered deposits declined by

$28.6 million from $80.5 million at December 31, 2025 to $51.9 million at June 30, 2026.

BCBP Reports Second Quarter 2026 Results

August 3, 2026

Page

3

Debt obligations decreased by $109.9 million to $168.3 million at June 30, 2026, from

$278.2 million at December 31, 2025, due to maturities and paydowns of FHLB advances. The weighted average interest rate of FHLB advances was 4.88 percent at June 30, 2026, and 4.53 percent at December 31, 2025. The

weighted average maturity of FHLB advances as of June 30, 2026, was less than ninety days. The interest rate of the Company’s subordinated debt balances was 9.25 percent at June 30, 2026, and at December 31, 2025.

Stockholders’ equity decreased by $12.4 million, or 4.1 percent, to $291.9 million at June 30, 2026, from $304.3 million at

December 31, 2025. The decrease was attributable to the decrease in retained earnings of $13.2 million, or 11.3 percent, to $103.2 million at June 30, 2026, from $116.4 million at December 31, 2025, caused largely

by the $9.9 million loss in the first six months of 2026.

Asset Quality

The Bank had non-accrual loans totaling $72.0 million, or 2.73 percent of gross loans, at June 30, 2026,

as compared to $59.8 million, or 2.22 percent of gross loans, at March 31, 2026, and $63.3 million, or 2.32 percent of gross loans at December 31, 2025. The Bank had total past due loans totaling $122.8 million, or

4.66 percent of gross loans, at June 30, 2026, as compared to $107.9 million, or 4.01 percent of gross loans, at March 31, 2026, and $99.1 million, or 3.64 percent of gross loans, at December 31, 2025. The

Bank had total classified and criticized loans totaling $367.4 million, or 13.94 percent of gross loans, at June 30, 2026, as compared to $403.0 million, or 14.98 percent of gross loans, at March 31, 2026, and

$360.0 million, or 13.19 percent of gross loans, at December 31, 2025.

The allowance for credit losses on loans of $45.0 million, as

of June 30, 2026, increased by $12.4 million, or 38.1 percent, compared to March 31, 2026, and increased by $11.3 million, or 33.5 percent, compared to December 31, 2025. The $12.4 million increase compared to

March 31, 2026 was driven by a $19.0 million increase in provision expense that was partially offset by $6.6 million in loan charge-offs. The increases in provision expenses and charge-offs compared to both periods were primarily

attributed to the C&I portfolio that has continued to experience elevated net charge-offs. The C&I portfolio generated net charge-offs of $824 thousand in the first quarter, increasing to $5.8 million in the second quarter. In

addition, the Bank determined that a full recovery is no longer expected on a previously charged-off $6.3 million C&I relationship. Reflecting these developments and broader credit trends observed

within the C&I portfolio, management separately evaluated the portfolio under its qualitative reserve framework during the second quarter, resulting in a $10.8 million increase to the allowance established for the portfolio.

During the second quarter, the Bank transferred one loan on nonaccrual status to

held-for-sale, which was written down to fair market value resulting in a loss of $2.6 million reflected in

non-interest income under the line item for net loss on the sale of loans. The remaining carrying value of the loan is $10.8 million. Loans held-for-sale are not included in past due loans or classified loans.

The allowance for credit losses was

62.5 percent of non-accrual loans at June 30, 2026, compared to 54.5 percent of non-accrual loans at March 31, 2026, and 53.3 percent of non-accrual loans at December 31, 2025, respectively.

Mr. O’Brien noted that, “since June 1,

2026, we have been engaged on a comprehensive re-evaluation of the company’s credit portfolios with the assistance of independent consultants. Their initial feedback has been reflected in the loan loss

reserving decisions made during the second quarter and we are working toward completion of that review by the end of the third quarter. With respect to the much larger commercial real estate portfolio, we are in the early stages of our analysis.

Given the absolute size and complexity of these portfolios, this remains a work in progress.”

Second Quarter 2026 Income Statement Review

The Company reported a net loss of $14.8 million for the quarter ended June 30, 2026, compared to net income of $3.6 million for the

quarter ended June 30, 2025. This decline was primarily due to a $14.1 million increase in loan loss provisioning, a $5.3 million non-cash goodwill impairment charge, a $2.6 million loss on

the sale of loans and a $1.7 million increase in salaries and employee benefits. This was offset by a decrease in tax provision of $4.9 million.

BCBP Reports Second Quarter 2026 Results

August 3, 2026

Page

4

Interest income decreased by $2.7 million, or 6.3 percent, to $40.5 million for the second

quarter of 2026 from $43.2 million for the second quarter of 2025. The average balance of interest-earning assets decreased $215.5 million, or 6.5 percent, to $3.092 billion for the second quarter of 2026 from $3.307 billion

for the second quarter of 2025. The average yield increased 1 basis point to 5.25 percent for the second quarter of 2026 from 5.24 percent for the second quarter of 2025.

Interest expense decreased by $3.0 million to $17.1 million for the second quarter of 2026 from $20.1 million for the second quarter of 2025.

The decrease resulted from a decrease in the average rate paid on interest-bearing liabilities of 29 basis points to 2.87 percent for the second quarter of 2026 from 3.16 percent for the second quarter of 2025, while the average balance of

interest-bearing liabilities decreased by $156.0 million to $2.393 billion for the second quarter of 2026 from $2.549 billion for the second quarter of 2025.

The net interest margin was 3.03 percent for the second quarter of 2026 compared to 2.80 percent for the second quarter of 2025. The increase in the

net interest margin compared to the second quarter of 2025 was the result of a decrease in the cost of interest-bearing liabilities.

The provision for

credit losses was $19.0 million for the second quarter of 2026 compared to $4.9 million for the second quarter of 2025. The increase was primarily driven by higher reserve requirements within the C&I loan portfolio, as further

described under Asset Quality. During the second quarter of 2026, the Company recognized $6.6 million in net charge-offs compared to $5.7 million in net charge-offs in the second quarter of 2025. The Bank had non-accrual loans totaling $72.0 million, or 2.73 percent of gross loans, at June 30, 2026, as compared to $63.3 million, or 2.32 percent of gross loans, at December 31, 2025. The

allowance for credit losses on loans was $45.0 million, or 1.71 percent of gross loans, at June 30, 2026, and $33.7 million, or 1.24 percent of gross loans, at December 31, 2025. Management believes the allowance for

credit losses on loans was adequate at June 30, 2026 and December 31, 2025.

Non-interest income

decreased by $2.5 million to a loss of $470 thousand for the second quarter of 2026, compared to income of $2.1 million for the second quarter of 2025. The decrease in total non-interest income

was primarily attributable to a $2.6 million loss on the sale of loans, compared to no such loss in the prior year period, and a $108 thousand increase in

mark-to-market losses on investment securities, partially offset by a $131 thousand increase in Bank Owned Life Insurance (“BOLI”) income.

Non-interest expense increased by $6.9 million, or 45.0 percent, to $22.1 million for the second

quarter of 2026 compared to $15.3 million for the second quarter of 2025. The increase was primarily driven by a $5.3 million non-cash goodwill impairment charge, a $1.7 million increase in

salaries and benefits expense, which included $814 thousand severance costs, and a $273 thousand increase in advertising and promotion expense. Partially offsetting these increases was a $205 thousand decrease in professional fees.

The income tax provision decreased by $4.9 million, to an income tax benefit of $3.5 million for the second quarter of 2026 when compared to a

$1.5 million provision for the second quarter of 2025.

Year-to-Date Income Statement Review

Net income decreased by $5.1 million to a net loss of $9.9 million for the first six months of 2026, compared to a net loss of $4.8 million for

the first six months of 2025. The increased net loss was primarily attributable to a $5.3 million non-cash goodwill impairment charge, a $2.6 million loss on the sale of loans and a $2.6 million

increase in salaries and employee benefits.

Net interest income increased $1.1 million for the first six months of 2026, as interest expense

decreased by $7.6 million, or 17.9 percent, to $34.7 million from $42.3 million for the first six months of 2025 and interest income decreased $6.5 million, from $87.4 million to $80.9 million for the same period.

The average balance of interest-earning assets decreased

BCBP Reports Second Quarter 2026 Results

August 3, 2026

Page

5

$257.1 million, or 7.6 percent, to $3.118 billion from $3.375 billion, while the average yield on interest-earning assets increased 1 basis point to 5.23 percent from

5.22 percent. The decline in average interest-earning assets was primarily due to a $279.5 million decrease in average loans, partially offset by a $19.2 million increase in average investment securities. The decrease in interest

expense was driven by declines in interest expense on borrowings and deposits of $4.0 million and $3.6 million, respectively. Average borrowings decreased $201.4 million, while the average rate paid on borrowings increased by 70 basis

points to 5.56 percent. Average deposits declined $10.1 million and the average rate paid on deposits declined 32 basis points to 2.59 percent.

Net interest margin was 2.99 percent for the first six months of 2026, compared to 2.70 percent for the first six months of 2025. The increase in

the net interest margin compared to the prior period was the result of a decrease in the cost of the Company’s interest-bearing liabilities, by 35 basis points to 2.90 percent and an increase in the rate earned on earning assets, by 1

basis point to 5.23 percent.

The provision for credit losses decreased by $4.0 million to $21.8 million for the first six months of 2026

from $25.7 million for the same period in 2025. The elevated provision in the prior-year period reflected a previously disclosed $13.7 million specific reserve related to a $34.2 million cannabis-sector lending relationship. The 2026

provision was primarily driven by increased reserve requirements within the C&I loan portfolio, as further described under Asset Quality. During the first six months of 2026, the Company experienced $10.5 million in net charge-offs

compared to $9.9 million in net charge-offs for the same period in 2025.

Non-interest income decreased by

$2.2 million to $1.6 million for the first six months of 2026, compared to $3.9 million for the same period in 2025. The decrease was primarily attributable to a $2.6 million loss on the sale of loans in 2026, compared to no such

loss in the prior year period. Partially offsetting this was a $469 thousand increase in income from Bank Owned Life Insurance (“BOLI”).

Non-interest expense increased by $7.8 million, or 25.9 percent, to $37.7 million for the first six

months of 2026 from $29.9 million for the same period in 2025. The increase was primarily driven by a $5.3 million non-cash goodwill impairment charge and a $2.6 million increase in salaries and

employee benefits expense, which included $814 thousand severance costs recognized during the second quarter. Advertising expenses and OREO expenses increased $294 thousand and $280 thousand, respectively. Partially offsetting these

increases were decreases in professional fees, director fees and regulatory assessments of $270 thousand, $241 thousand and $98 thousand, respectively.

The income tax benefit decreased by $157 thousand or 8.1 percent, to an income tax benefit of $1.8 million for the first six months of 2026

when compared to a $1.9 million income tax benefit for the same period in 2025. While the pretax loss increased to $11.6 million from $6.7 million in the prior period, the income tax credit declined primarily because the

$5.3 million non-cash goodwill impairment charge recognized in 2026 is not deductible for income tax purposes and therefore did not generate a corresponding tax benefit.

BCBP Reports Second Quarter 2026 Results

August 3, 2026

Page

6

Investor Conference Call

Management will host a conference call on Monday, August 3, 2026 at 8:45 a.m. Eastern Time to discuss the results.

Interested investors are invited to dial 1-800-715-9871 using conference ID 3209751 to participate in the call.

A replay of the call will be available at https://investorrelations.bcbcommunitybank.com/corporate-information/corporate-profile/default.aspx.

About BCB Bancorp, Inc.

Established in 2000 and

headquartered in Bayonne, N.J., BCB Community Bank is the wholly-owned subsidiary of BCB Bancorp, Inc. (NASDAQ: BCBP). The Bank has twenty-two branch offices in Bayonne, Edison, Hoboken, Fairfield, Holmdel,

Jersey City, Lyndhurst, Maplewood, Monroe Township, Newark, Plainsboro, River Edge, Rutherford, South Orange, Union, and Woodbridge, New Jersey, and four branches in Hicksville and Staten Island, New York. The Bank provides businesses and

individuals a wide range of loans, deposit products, and retail and commercial banking services. For more information, please go to www.bcb.bank.

Forward-Looking Statements

This release, like many

written and oral communications presented by BCB Bancorp, Inc., and our authorized officers, may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities

Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private

Securities Litigation Reform Act of 1995, and are including this statement for purposes of said safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the

Company, are generally identified by use of words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “seek,”

“strive,” “try,” or future or conditional verbs such as “could,” “may,” “should,” “will,” “would,” or similar expressions. Our ability to predict results or the

actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results.

The

most significant factors that could cause future results to differ materially from those anticipated by our forward-looking statements include the ongoing impact of global tariffs imposed by the Trump administration, higher inflation levels, and

general economic and recessionary concerns, all of which could impact economic growth and could cause increased loan delinquencies, a reduction in financial transactions and business activities, including decreased deposits and reduced loan

originations. Other factors that could cause future results to vary materially from current management expectations as reflected in our forward-looking statements include, but are not limited to: our ability to manage liquidity and capital in a

rapidly changing and unpredictable market, supply chain disruptions, labor shortages, the global impact of the military conflicts in the Ukraine and the Middle East; unfavorable economic conditions in the United States generally and particularly in

our primary market area; the Company’s ability to effectively attract and deploy deposits; changes in the Company’s corporate strategies, the composition of its assets, or the way in which it funds those assets; shifts in investor

sentiment or behavior in the securities, capital, or other financial markets, including changes in market liquidity or volatility; the effects of declines in real estate values that may adversely impact the collateral underlying our loans; increase

in unemployment levels and slowdowns in economic growth; our level of non-performing assets and the costs associated with resolving any problem loans including litigation and other costs; the results of the

recently commenced and ongoing review of our loan portfolios; the impact of changes in interest rates and the credit quality and strength of underlying collateral and the effect of such changes on the market value of our loan and investment

securities portfolios; the credit risk associated with our loan portfolio; changes in the quality and composition of the Bank’s loan and investment portfolios; changes in our ability to access cost-effective funding; deposit flows; legislative

and regulatory changes, including increases in Federal Deposit Insurance Corporation, or FDIC, insurance rates; monetary and fiscal policies of the federal and state governments; changes in tax policies, rates and regulations of federal, state and

local tax authorities; demands for our loan products; demand for financial services; competition; changes in the securities or secondary mortgage markets; changes in management’s business strategies; changes in consumer spending; our ability

to hire and retain key employees; the effects of any reputational, credit, interest rate, market, operational, legal, liquidity, or regulatory risk; expanding regulatory requirements which could adversely affect operating results; civil unrest in

the communities that we serve; and other factors discussed elsewhere in this report, and in other reports we filed with the SEC, including under “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K filed for the year ended December 31, 2024, and our other periodic reports that we file with the SEC.

BCBP Reports Second Quarter 2026 Results

August 3, 2026

Page

7

Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not

forecasts and may not reflect actual results.

Explanation of Non-GAAP Financial Measures

Reported amounts are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This press

release also contains certain supplemental Non-GAAP information that the Company’s management uses in its analysis of the Company’s financial results. The Company’s management believes that

providing this information to analysts and investors allows them to better understand and evaluate the Company’s financial results for the periods in question.

The Company provides measurements and ratios based on tangible stockholders’ equity and efficiency ratios. These measures are utilized by regulators and

market analysts to evaluate a company’s financial condition and, therefore, the Company’s management believes that such information is useful to investors. For a reconciliation of GAAP to Non-GAAP

financial measures included in this press release, see “Reconciliation of GAAP to Non-GAAP Financial Measures” below.

BCBP Reports Second Quarter 2026 Results

August 3, 2026

Page

8

Statements of Operations - Three Months Ended,

June 30, 2026

March 31, 2026

June 30, 2025

June 30, 2026 vs.

March 31, 2026

June 30, 2026 vs.

June 30, 2025

(In thousands, except per share amounts,

Unaudited)

Interest and dividend income:

Loans, including fees

$

35,856

$

35,878

$

38,650

-0.1

%

-7.2

%

Mortgage-backed securities

960

839

765

14.4

%

25.5

%

Other investment securities

1,113

990

1,057

12.4

%

5.3

%

FHLB stock and other interest-earning assets

2,532

2,695

2,709

-6.0

%

-6.5

%

Total interest and dividend income

40,461

40,402

43,181

0.1

%

-6.3

%

Interest expense:

Deposits:

Demand

5,413

5,170

5,584

4.7

%

-3.1

%

Savings and club

112

136

217

-17.6

%

-48.4

%

Certificates of deposit

8,266

8,592

9,170

-3.8

%

-9.9

%

13,791

13,898

14,971

-0.8

%

-7.9

%

Borrowings

3,325

3,667

5,108

-9.3

%

-34.9

%

Total interest expense

17,116

17,565

20,079

-2.6

%

-14.8

%

Net interest income

23,345

22,837

23,102

2.2

%

1.1

%

Provision for credit losses

18,987

2,788

4,891

581.0

%

288.2

%

Net interest income after provision for credit losses

4,358

20,049

18,211

-78.3

%

-76.1

%

Non-interest (loss) income :

Fees and service charges

1,313

1,191

1,305

10.2

%

0.6

%

(Loss) gain on sales of loans

(2,607

)

7

-37342.9

%

Realized and unrealized loss on equity investments

(248

)

(93

)

(108

)

166.7

%

129.6

%

Bank-owned life insurance (“BOLI”) income

917

946

786

-3.1

%

16.7

%

Other

155

50

93

210.0

%

66.7

%

Total non-interest (loss) income

(470

)

2,101

2,076

-122.4

%

-122.6

%

Non-interest expense:

Salaries and employee benefits

9,395

8,327

7,713

12.8

%

21.8

%

Occupancy and equipment

2,562

2,724

2,502

-5.9

%

2.4

%

Data processing and communications

1,968

2,023

2,046

-2.7

%

-3.8

%

Professional fees

562

627

767

-10.4

%

-26.7

%

Director fees

244

246

313

-0.8

%

-22.0

%

Regulatory assessment fees

650

765

804

-15.0

%

-19.2

%

Advertising and promotions

489

200

216

144.5

%

126.4

%

Other real estate owned, net

130

150

-13.3

%

Impairment of Goodwill

5,253

Other

879

489

907

79.8

%

-3.1

%

Total non-interest expense

22,132

15,551

15,268

42.3

%

45.0

%

(Loss) Income before income tax (benefit) provision

(18,244

)

6,599

5,019

-376.5

%

-463.5

%

Income tax (benefit) provision

(3,468

)

1,695

1,455

-304.6

%

-338.4

%

Net (Loss) Income

(14,776

)

4,904

3,564

-401.3

%

-514.6

%

Preferred stock dividends

482

482

Net (Loss) Income available to common stockholders

$

(14,776

)

$

4,422

$

3,082

-434.2

%

-579.5

%

Net (Loss) Income per common share-basic and diluted

Basic

$

(0.85

)

$

0.26

$

0.18

-434.3

%

-575.8

%

Diluted

$

(0.85

)

$

0.26

$

0.18

-434.3

%

-575.8

%

Weighted average number of common shares outstanding

Basic

17,306

17,314

17,175

0.0

%

0.8

%

Diluted

17,306

17,314

17,175

0.0

%

0.8

%

BCBP Reports Second Quarter 2026 Results

August 3, 2026

Page

9

Statements of Operations - Six Months Ended,

June 30, 2026

June 30, 2025

June 30, 2026 vs.

June 30, 2025

(In thousands, except per share amounts, Unaudited)

Interest and dividend income:

Loans, including fees

$

71,734

$

77,577

-7.5

%

Mortgage-backed securities

1,799

1,326

35.7

%

Other investment securities

2,103

2,025

3.9

%

FHLB stock and other interest-earning assets

5,227

6,445

-18.9

%

Total interest and dividend income

80,863

87,373

-7.5

%

Interest expense:

Deposits:

Demand

10,583

11,002

-3.8

%

Savings and club

248

368

-32.6

%

Certificates of deposit

16,858

19,932

-15.4

%

27,689

31,302

-11.5

%

Borrowings

6,992

10,964

-36.2

%

Total interest expense

34,681

42,266

-17.9

%

Net interest income

46,182

45,107

2.4

%

Provision for credit losses

21,775

25,736

-15.4

%

Net interest income after provision for credit losses

24,407

19,371

26.0

%

Non-interest income :

Fees and service charges

2,504

2,478

1.0

%

Gain (loss) on sales of loans

(2,600

)

Realized and unrealized gain (loss) on equity investments

(341

)

(223

)

52.9

%

Bank-owned life insurance (“BOLI”) income

1,863

1,394

33.6

%

Other

205

218

-6.0

%

Total non-interest income

1,631

3,867

-57.8

%

Non-interest expense:

Salaries and employee benefits

17,722

15,116

17.2

%

Occupancy and equipment

5,286

5,225

1.2

%

Data processing and communications

3,991

3,890

2.6

%

Professional fees

1,189

1,459

-18.5

%

Director fees

490

731

-33.0

%

Regulatory assessments

1,415

1,513

-6.5

%

Advertising and promotions

689

395

74.4

%

Other real estate owned, net

280

Impairment of Goodwill

5,253

Other

1,368

1,599

-14.4

%

Total non-interest expense

37,683

29,928

25.9

%

Loss before income tax benefit

(11,645

)

(6,690

)

74.1

%

Income tax benefit

(1,773

)

(1,930

)

-8.1

%

Net Loss

(9,872

)

(4,760

)

107.4

%

Preferred stock dividends

482

964

-50.0

%

Net Loss available to common stockholders

$

(10,354

)

$

(5,724

)

80.9

%

Net Loss per common share-basic and diluted

Basic

$

(0.60

)

$

(0.33

)

79.5

%

Diluted

$

(0.60

)

$

(0.33

)

79.5

%

Weighted average number of common shares outstanding

Basic

17,273

17,144

0.8

%

Diluted

17,273

17,144

0.8

%

BCBP Reports Second Quarter 2026 Results

August 3, 2026

Page

10

Statements of Financial Condition

June 30, 2026

March 31, 2026

December 31, 2025

June 30, 2026 vs.

March 31, 2026

June 30, 2026 vs.

December 31,

2025

(In Thousands, Unaudited)

ASSETS

Cash and amounts due from depository institutions

$

14,573

$

12,619

$

13,794

15.5

%

5.6

%

Interest-earning deposits

182,314

281,118

262,790

-35.1

%

-30.6

%

Total cash and cash equivalents

196,887

293,737

276,584

-33.0

%

-28.8

%

Interest-earning time deposits

735

735

735

Debt securities available for sale

148,428

134,013

126,395

10.8

%

17.4

%

Equity investments

3,851

9,079

9,172

-57.6

%

-58.0

%

Loans held for sale

10,777

Loans receivable, net of allowance for credit losses on loans of $44,980, $32,578, and $33,691

respectively

2,587,984

2,655,981

2,691,091

-2.6

%

-3.8

%

Federal Home Loan Bank of New York (“FHLB”) stock, at cost

9,048

13,757

14,176

-34.2

%

-36.2

%

Premises and equipment, net

11,737

11,915

12,056

-1.5

%

-2.6

%

Accrued interest receivable

14,661

15,259

13,834

-3.9

%

6.0

%

Other real estate owned

5,000

5,000

5,000

Deferred income taxes

24,794

23,047

22,209

7.6

%

11.6

%

Goodwill

5,253

5,253

Operating lease

right-of-use asset

10,479

10,889

10,660

-3.8

%

-1.7

%

Bank-owned life insurance (“BOLI”)

81,229

80,312

79,366

1.1

%

2.3

%

Other assets

12,516

10,120

12,935

23.7

%

-3.2

%

Total Assets

$

3,118,126

$

3,269,097

$

3,279,466

-4.6

%

-4.9

%

LIABILITIES AND STOCKHOLDERS’ EQUITY

LIABILITIES

Non-interest bearing deposits

$

514,648

$

521,316

$

531,140

-1.3

%

-3.1

%

Interest bearing deposits

2,121,375

2,151,113

2,142,433

-1.4

%

-1.0

%

Total deposits

2,636,023

2,672,429

2,673,573

-1.4

%

-1.4

%

FHLB advances

125,000

225,000

235,000

-44.4

%

-46.8

%

Subordinated debentures

43,335

43,272

43,210

0.1

%

0.3

%

Operating lease liability

10,953

11,365

11,140

-3.6

%

-1.7

%

Other liabilities

10,896

9,651

12,259

12.9

%

-11.1

%

Total Liabilities

2,826,207

2,961,717

2,975,182

-4.6

%

-5.0

%

STOCKHOLDERS’ EQUITY

Preferred stock: $0.01 par value, 10,000 shares authorized

Additional paid-in capital preferred stock

25,243

25,243

25,243

Common stock: no par value, 40,000 shares authorized

Additional paid-in capital common stock

204,451

203,876

203,429

0.3

%

0.5

%

Retained earnings

103,225

119,412

116,415

-13.6

%

-11.3

%

Accumulated other comprehensive loss

(2,653

)

(2,804

)

(2,456

)

-5.4

%

8.0

%

Treasury stock, at cost

(38,347

)

(38,347

)

(38,347

)

Total Stockholders’ Equity

291,919

307,380

304,284

-5.0

%

-4.1

%

Total Liabilities and Stockholders’ Equity

$

3,118,126

$

3,269,097

$

3,279,466

-4.6

%

-4.9

%

Outstanding common shares

18,102

17,359

17,274

BCBP Reports Second Quarter 2026 Results

August 3, 2026

Page

11

Three Months Ended June 30,

2026

2025

Average Balance

Interest Earned/Paid

Average Yield/Rate (3)

Average Balance

Interest Earned/Paid

Average Yield/Rate (3)

(Dollars in thousands)

Interest-earning assets:

Loans Receivable (4)(5)

$

2,660,757

$

35,856

5.41

%

$

2,933,851

$

38,650

5.28

%

Investment Securities

152,347

2,073

5.44

%

133,900

1,822

5.44

%

Other Interest-earning assets (6)

278,413

2,532

3.65

%

239,245

2,709

4.54

%

Total Interest-earning assets

3,091,517

40,461

5.25

%

3,306,996

43,181

5.24

%

Non-interest-earning assets

139,410

113,206

Total assets

$

3,230,927

$

3,420,202

Interest-bearing liabilities:

Interest-bearing demand accounts

$

529,612

$

2,122

1.61

%

$

529,120

$

2,230

1.69

%

Money market accounts

449,469

3,291

2.94

%

418,014

3,354

3.22

%

Savings accounts

237,124

112

0.19

%

258,696

217

0.34

%

Certificates of Deposit

940,358

8,266

3.53

%

921,140

9,170

3.99

%

Total interest-bearing deposits

2,156,563

13,791

2.56

%

2,126,970

14,971

2.82

%

Borrowed funds

236,427

3,325

5.64

%

422,022

5,108

4.85

%

Total interest-bearing liabilities

2,392,990

17,116

2.87

%

2,548,992

20,079

3.16

%

Non-interest-bearing liabilities

529,508

557,177

Total liabilities

2,922,498

3,106,169

Stockholders’ equity

308,429

314,033

Total liabilities and stockholders’ equity

$

3,230,927

$

3,420,202

Net interest income

$

23,345

$

23,102

Net interest rate spread (1)

2.38

%

2.08

%

Net interest margin (2)

3.03

%

2.80

%

(1)

Net interest rate spread represents the difference between the average yield on average interest-earning assets

and the average cost of average interest-bearing liabilities.

(2)

Net interest margin represents net interest income divided by average total interest-earning assets.

(3)

Annualized.

(4)

Excludes allowance for credit losses.

(5)

Includes non-accrual loans.

(6)

Includes Federal Home Loan Bank of New York Stock.

BCBP Reports Second Quarter 2026 Results

August 3, 2026

Page

12

Six Months Ended June 30,

2026

2025

Average Balance

Interest Earned/Paid

Average Yield/Rate (3)

Average Balance

Interest Earned/Paid

Average Yield/Rate (3)

(Dollars in thousands)

Interest-earning assets:

Loans Receivable (4)(5)

$

2,684,502

$

71,734

5.39

%

$

2,964,023

$

77,577

5.28

%

Investment Securities

144,789

3,902

5.43

%

125,598

3,351

5.38

%

Other interest-earning assets (6)

288,485

5,227

3.65

%

285,271

6,445

4.56

%

Total Interest-earning assets

3,117,776

80,863

5.23

%

3,374,892

87,373

5.22

%

Non-interest-earning assets

137,717

119,558

Total assets

$

3,255,493

$

3,494,450

Interest-bearing liabilities:

Interest-bearing demand accounts

$

526,523

$

4,165

1.59

%

$

544,756

$

4,598

1.70

%

Money market accounts

440,938

6,418

2.94

%

406,214

6,404

3.18

%

Savings accounts

239,777

248

0.21

%

255,479

368

0.29

%

Certificates of Deposit

952,259

16,858

3.57

%

963,171

19,932

4.17

%

Total interest-bearing deposits

2,159,497

27,689

2.59

%

2,169,620

31,302

2.91

%

Borrowed funds

253,679

6,992

5.56

%

455,036

10,964

4.86

%

Total interest-bearing liabilities

2,413,176

34,681

2.90

%

2,624,656

42,266

3.25

%

Non-interest-bearing liabilities

535,232

550,454

Total liabilities

2,948,408

3,175,110

Stockholders’ equity

307,085

319,340

Total liabilities and stockholders’ equity

$

3,255,493

$

3,494,450

Net interest income

$

46,182

$

45,107

Net interest rate spread (1)

2.33

%

1.97

%

Net interest margin (2)

2.99

%

2.70

%

(1)

Net interest rate spread represents the difference between the average yield on average interest-earning assets

and the average cost of average interest-bearing liabilities.

(2)

Net interest margin represents net interest income divided by average total interest-earning assets.

(3)

Annualized.

(4)

Excludes allowance for credit losses.

(5)

Includes non-accrual loans.

(6)

Includes Federal Home Loan Bank of New York Stock.

BCBP Reports Second Quarter 2026 Results

August 3, 2026

Page

13

Financial Condition data by quarter

Q2 2026

Q1 2026

Q4 2025

Q3 2025

Q2 2025

(In thousands, except book values)

Total assets

$

3,118,126

$

3,269,097

$

3,279,466

$

3,353,065

$

3,380,461

Cash and cash equivalents

196,887

293,737

276,584

249,614

206,852

Securities

152,279

143,092

135,567

125,292

140,025

Loans receivable, net

2,587,984

2,655,981

2,691,091

2,788,932

2,860,453

Deposits

2,636,023

2,672,429

2,673,573

2,687,387

2,661,534

Borrowings

168,335

268,272

278,210

323,922

378,722

Stockholders’ equity

291,919

307,380

304,284

318,453

315,735

Book value per common share (1)

$

14.73

$

16.25

$

16.15

$

17.02

$

16.89

Tangible book value per common share

(2)

$

14.73

$

15.95

$

15.85

$

16.71

$

16.59

Operating data by quarter

Q2 2026

Q1 2026

Q4 2025

Q3 2025

Q2 2025

(In thousands, except for per share amounts)

Net interest income

$

23,345

$

22,837

$

24,223

$

23,711

$

23,102

Provision for credit losses

18,987

2,788

12,195

4,080

4,891

Non-interest (loss) income

(470

)

2,101

1,943

2,745

2,076

Non-interest expense

22,132

15,551

31,385

16,570

15,268

Income tax expense (benefit)

(3,468

)

1,695

(5,385

)

1,544

1,455

Net income (loss)

$

(14,776

)

$

4,904

$

(12,029

)

$

4,262

$

3,564

Net income (loss) per diluted share

$

(0.85

)

$

0.26

$

(0.73

)

$

0.22

$

0.18

Common Dividends declared per share

$

0.08

$

0.08

$

0.16

$

0.16

$

0.16

Financial Ratios(3)

Q2 2026

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Return on average assets

(1.83

%)

0.61

%

(1.44

%)

0.50

%

0.42

%

Return on average stockholders’ equity

(19.22

%)

6.50

%

(14.99

%)

5.35

%

4.55

%

Net interest margin

3.03

%

2.95

%

3.03

%

2.88

%

2.80

%

Stockholders’ equity to total assets

9.36

%

9.40

%

9.28

%

9.50

%

9.34

%

Efficiency Ratio (4)

96.75

%

62.36

%

119.95

%

62.63

%

60.64

%

Asset Quality Ratios

Q2 2026

Q1 2026

Q4 2025

Q3 2025

Q2 2025

(In thousands, except for ratio %)

Non-Accrual Loans (5)

$

72,011

$

59,805

$

63,255

$

93,517

$

101,764

Non-Accrual Loans as a % of Total Loans (5)

2.73

%

2.22

%

2.32

%

3.31

%

3.50

%

ACL as % of Non-Accrual Loans

62.5

%

54.5

%

53.3

%

40.4

%

49.8

%

Individually Analyzed Loans

$

124,832

$

160,600

$

162,226

$

129,358

$

153,428

Criticized Loans

206,975

208,339

170,875

220,768

229,929

Classified Loans (6)

160,454

194,662

188,876

228,255

266,847

Past Due loans (6)

122,759

107,947

99,132

174,006

110,971

(1)

Calculated by dividing stockholders’ equity, less preferred equity, by shares outstanding.

(2)

Calculated by dividing tangible stockholders’ common equity, a

non-GAAP measure, by shares outstanding. Tangible stockholders’ common equity is stockholders’ equity less goodwill and preferred stock. See “Reconciliation of GAAP to Non-GAAP Financial Measures by quarter.”

(3)

Ratios are presented on an annualized basis, where appropriate.

(4)

The Efficiency Ratio, a non-GAAP measure, was calculated by dividing non-interest expense by the total of net interest income and non-interest income. See “Reconciliation of GAAP to Non-GAAP

Financial Measures by quarter.”

(5)

Non-Accrual loans include Held for Sale loan.

(6)

Classified and past due loans excludes Held for Sale loan.

BCBP Reports Second Quarter 2026 Results

August 3, 2026

Page

14

Recorded Investment in Loans Receivable by quarter

Q2 2026

Q1 2026

Q4 2025

Q3 2025

Q2 2025

(In thousands)

Residential

one-to-four family

$

218,750

$

223,708

$

226,708

$

227,140

$

230,917

Commercial and multi-family

2,009,865

2,021,827

2,040,768

2,080,088

2,088,117

Canabis related

69,190

68,876

69,293

69,102

103,007

Construction

33,298

68,362

68,521

105,980

111,370

Commercial business

157,523

160,088

168,459

192,762

224,800

Business Express

68,949

71,215

74,862

78,253

81,521

Home equity

73,935

72,716

74,332

73,566

71,587

Consumer

3,401

3,584

3,580

2,042

2,075

$

2,634,911

$

2,690,376

$

2,726,523

$

2,828,933

$

2,913,394

Less:

Deferred loan fees, net

(1,947

)

(1,817

)

(1,741

)

(2,198

)

(2,283

)

Allowance for credit losses on loans

(44,980

)

(32,578

)

(33,691

)

(37,803

)

(50,658

)

Total loans, net

$

2,587,984

$

2,655,981

$

2,691,091

$

2,788,932

$

2,860,453

Non-Accruing Loans in Portfolio by quarter

Q2 2026

Q1 2026

Q4 2025

Q3 2025

Q2 2025

(In thousands)

Residential

one-to-four family

$

1,515

$

1,576

$

1,554

$

1,410

$

1,436

Commercial and multi-family

54,478

52,297

52,159

70,546

57,969

Canabis related

33,512

Construction (1)

13,364

3,173

4,897

2,310

586

Commercial business

2,397

2,418

3,725

17,442

6,392

Business Express

626

1,335

1,377

Home equity

257

341

294

474

492

Consumer

Total:

$

72,011

$

59,805

$

63,255

$

93,517

$

101,764

(1)  Includes Held for Sale

loan

Distribution of Deposits by quarter

Q2 2026

Q1 2026

Q4 2025

Q3 2025

Q2 2025

(In thousands)

Demand:

Non-Interest Bearing

$

514,648

$

521,317

$

531,140

$

536,908

$

539,093

Interest Bearing

517,627

511,465

501,172

477,427

503,336

Money Market

446,918

448,397

426,138

422,424

428,397

Sub-total:

$

1,479,193

$

1,481,179

$

1,458,450

$

1,436,759

$

1,470,826

Savings and Club

230,532

240,048

243,670

254,554

258,585

Certificates of Deposit

926,298

951,202

971,453

996,074

932,123

Total Deposits:

$

2,636,023

$

2,672,429

$

2,673,573

$

2,687,387

$

2,661,534

BCBP Reports Second Quarter 2026 Results

August 3, 2026

Page

15

Reconciliation of GAAP to Non-GAAP Financial Measures by quarter

Tangible Book Value per Share

Q2 2026

Q1 2026

Q4 2025

Q3 2025

Q2 2025

(In thousands, except per share amounts)

Total Stockholders’ Equity

$

291,919

$

307,380

$

304,284

$

318,453

$

315,735

Less: goodwill

5,253

5,253

5,253

5,253

Less: preferred stock

25,243

25,243

25,243

25,243

25,243

Total tangible common stockholders’ equity

266,676

276,884

273,788

287,957

285,239

Common shares outstanding

18,102

17,359

17,274

17,228

17,194

Book value per common share

$

14.73

$

16.25

$

16.15

$

17.02

$

16.89

Tangible book value per common share

$

14.73

$

15.95

$

15.85

$

16.71

$

16.59

Efficiency Ratios

Q2 2026

Q1 2026

Q4 2025

Q3 2025

Q2 2025

(In thousands, except for ratio %)

Net interest income

$

23,345

$

22,837

$

24,223

$

23,711

$

23,102

Non-interest (loss)income

(470

)

2,101

1,943

2,745

2,076

Total income

22,875

24,938

26,166

26,456

25,178

Non-interest expense

22,132

15,551

31,385

16,570

15,268

Efficiency Ratio

96.75

%

62.36

%

119.95

%

62.63

%

60.64

%

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