URSB Bancorp is the holding company for United Roosevelt Savings Bank, a community savings bank headquartered in Carteret, New Jersey. The bank operates as a traditional thrift: it takes in deposits and lends the funds out at higher rates, earning net interest income (NII) as its primary revenue source. The bank's loan portfolio is concentrated in residential real estate loans (1-4 family mortgages, home equity loans, and HELOCs), which represent about 48% of total loans, with commercial real estate making up another 29%. In recent years, the bank has diversified into purchased consumer and commercial loans sourced from third-party platforms including Lending Club, Woodside Credit, and BHG, a non-bank lender focused on small businesses. This purchased loan strategy lets the bank deploy capital without building its own origination infrastructure. The bank funds its balance sheet primarily through customer deposits, including a meaningful reliance on brokered CDs, and supplements funding with Federal Home Loan Bank advances. In March 2026, United Roosevelt completed a mutual-to-stock conversion, selling shares to the public through URSB Bancorp and raising new equity capital. Management intends to deploy the conversion proceeds into further loan growth, consistent with the bank's recent trajectory of expanding its book through both organic originations and purchased loan programs.