The bank maintains a highly capitalized position with an equity-to-assets ratio of 0.16, though this excess capital contributes to a suppressed return on equity of only 0.5%.
| Cash & Short Term Investments | 203.29M | 58.02M | 45.93M | 78.55M | 83.22M | 103.88M |
| Cash & Due from Banks | 4.66M | 57.78M | 45.91M | 42.45M | 35.34M | 56.75M |
| Short Term Investments | 0 | 237K | 25K | 36.1M | 47.88M | 47.13M |
| Total Investments | 1.06B | 939.05M | 888.03M | 569.54M | 575.34M | 547.17M |
| Investments Growth % | 30.2% | 5.75% | 55.92% | -1.01% | 5.15% | - |
| Long-Term Investments | 3.94B | 938.81M | 888M | 533.44M | 527.46M | 500.05M |
| Accounts Receivables | 862.51M | 3.07M | 2.69M | 1.19M | 1.07M | 1.04M |
| Goodwill & Intangibles | 25.81M | 26.71M | 28.14M | 0 | 0 | 0 |
| Goodwill | 25.81M | 26.71M | 20.42M | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 7.72M | 0 | 0 | 0 |
| PP&E (Net) | 7.9M | 8.1M | 7.73M | 3.56M | 3.44M | 3.51M |
| Other Assets | -1.06B | 49.7M | 48.34M | 34.75M | 33.44M | 30.88M |
| Total Current Assets | 867.18M | 61.09M | 48.63M | 79.74M | 84.29M | 104.92M |
| Total Non-Current Assets | 33.71M | 1.02B | 972.22M | 571.75M | 564.34M | 534.44M |
| Total Assets | 1.14B | 1.08B | 1.02B | 651.49M | 648.63M | 639.36M |
| Asset Growth % | 25.5% | 6.23% | 56.69% | 0.44% | 1.45% | - |
| Return on Assets (ROA) | 0.41% | 0.49% | -1.3% | 0.24% | 0.29% | 0.2% |
| Accounts Payable | 0 | 223K | 149K | 0 | 0 | 0 |
| Total Debt | 53M | 33.21M | 2.4M | 20.02M | 0 | 0 |
| Net Debt | 48.34M | -24.57M | -43.51M | -22.43M | -35.34M | -56.75M |
| Long-Term Debt | 50M | 30M | 0 | 20M | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 906M | 11.17M | 11.71M | 5.47M | 8.33M | 7.42M |
| Total Current Liabilities | 3M | 846.25M | 807.25M | 503.92M | 522.07M | 509.99M |
| Total Non-Current Liabilities | 956M | 44.38M | 14.11M | 25.48M | 8.33M | 7.42M |
| Total Liabilities | 959M | 890.63M | 821.36M | 529.4M | 530.4M | 517.41M |
| Total Equity | 184.45M | 193.78M | 199.48M | 122.08M | 118.23M | 121.94M |
| Equity Growth % | -17.49% | -2.86% | 63.4% | 3.26% | -3.04% | - |
| Equity / Assets (Capital Ratio) | 16.13% | 17.87% | 19.54% | 18.74% | 18.23% | 19.07% |
| Return on Equity (ROE) | 2.44% | 2.61% | -6.75% | 1.29% | 1.56% | 1.03% |
| Book Value per Share | 24.41 | 22.95 | 29.19 | 12.84 | 12.43 | 12.83 |
| Tangible BV per Share | 20.99 | 19.79 | 25.07 | 12.84 | 12.43 | 12.83 |
| Common Stock | 81K | 89K | 95K | 0 | 0 | 0 |
| Additional Paid-in Capital | 70M | 80.84M | 91.44M | 0 | 0 | 0 |
| Retained Earnings | 121.75M | 120.5M | 116.2M | 127.1M | 125.55M | 123.67M |
| Accumulated OCI | -1.01M | -1M | -1.22M | -5.01M | -7.32M | -1.73M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 |
CRE concentration and NIM
As reported in financial statements, SRBK's total assets have remained flat at $1.1 billion for ten consecutive quarters, suggesting that the bank has struggled to deploy its post-conversion capital into meaningful organic loan growth despite the recent integration of Regal Bank.
The lack of asset expansion indicates that the bank is currently in a defensive posture rather than an aggressive growth phase. Investors should monitor whether this stagnation is a deliberate choice to preserve capital or a symptom of limited demand within their core New Jersey footprint.
Based on the provided financial data, SRBK maintains an equity-to-assets ratio of 0.16 as of 2025Q3, which reflects a highly capitalized position that, while providing a significant safety buffer, appears to be suppressing the bank's overall return on equity.
The bank's capital-rich balance sheet is a legacy of its mutual-to-stock conversion, yet it currently acts as a drag on profitability. Management's challenge remains finding productive uses for this capital, as the current ROE of 0.5% suggests that the institution is not yet generating sufficient returns on its equity base.
According to recent quarterly filings, SRBK holds approximately $1.1 billion in investment securities against $1.1 billion in total assets, indicating an extreme reliance on fixed-income instruments rather than a traditional loan-heavy banking model for generating interest income.
This heavy concentration in securities suggests that the bank's liquidity profile is highly sensitive to interest rate fluctuations and duration risk. The lack of a traditional loan-to-deposit ratio in the data further implies that the bank may be operating more like a portfolio manager than a commercial lender.
As noted in the balance sheet data, the bank's near-total allocation to investment securities, coupled with a lack of reported loan loss provisions in recent quarters, warrants further investigation into the underlying credit quality and duration of the bank's interest-earning assets.
The absence of loan loss provisions may mask potential credit deterioration within the commercial real estate segment, which is a known concentration risk for the bank. Investors should be wary that the current balance sheet stability may be more fragile than the headline capital ratios suggest.
Quick answers to the most common questions about buying SRBK stock.
As of 2024, SR Bancorp, Inc. Common stock (SRBK) had total assets of $1.08B including $61.1M in current assets.
SR Bancorp, Inc. Common stock (SRBK) carries total debt of $33.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
SR Bancorp, Inc. Common stock (SRBK) has total shareholders' equity (book value) of $193.8M ($22.95 book value per share). Book value represents the net worth of the company belonging to common stock holders.
SR Bancorp, Inc. Common stock (SRBK) reported a current ratio of 0.07x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.