SR Bancorp is the bank holding company for Somerset Regal Bank, a community bank serving individuals and small businesses through branches across northern and central New Jersey. The bank's core operations consist of gathering retail and commercial deposits and originating loans, primarily residential mortgages, multi-family properties, and commercial real estate, alongside commercial and industrial and consumer lending. Somerset Regal Bank delivers services through its branch network and digital channels, while also purchasing residential mortgages from regional brokers to support loan volume. The bank runs a traditional spread-based business model, earning net interest income from the difference between yields on loans and investment securities and the interest paid on deposits and borrowings. To manage funding costs and strengthen customer relationships, the bank requires commercial borrowers to maintain operating deposit accounts. The institution was established through the merger of Somerset Savings Bank and Regal Bank, combining residential lending experience with commercial lending capabilities.