Ballston Spa Bancorp, Inc.
Ballston Spa Bancorp, Inc. is a U.S. bank holding company whose principal subsidiary, Ballston Spa National Bank, gathers deposits and makes loans in its local market area. The company also manages a portfolio of investment securities and accesses wholesale funding through the Federal Home Loan Bank system.
Fiscal year 2025 · change from previous year
Development 2024–2025
Business
Share of revenueRetail and municipal deposit products used to gather core funding.
Loan originations and the ongoing loan portfolio serving local borrowers.
Securities portfolio and related interest income management.
Account services, online banking, and payment-related fees.
Wholesale funding access through FHLB advances and related instruments.
Customers
Ballston Spa serves households, local municipalities, and small businesses in its market area. Its deposit base includes consumer accounts, business operating accounts, and a meaningful municipal relationship base, while lending is directed toward local borrowers that need relationship banking and community-based credit decisions.
Households in the local market that place checking, savings, money market, and time deposits for convenience and yield.
Local businesses that use business checking, savings, and money market accounts and may also borrow from the bank.
Local municipal relationships that place operating and public funds with the bank.
Individuals and businesses that borrow for residential and other local credit needs.
Strategy
The company’s strategy is to maintain a stable local deposit franchise, price deposits competitively, and deploy excess liquidity into loans and securities. It also uses FHLB funding and a securities portfolio to manage liquidity, interest-rate exposure, and balance-sheet flexibility.
Low-cost, relationship-based deposits are the main funding source for lending and investing.
The bank needs reliable access to funds to support lending and seasonal deposit swings.
Community banks depend on prudent underwriting and balance-sheet positioning to protect earnings and capital.
Geography
Ballston Spa is centered in its local market area in New York State, where it attracts deposits and originates loans. Its investment portfolio also includes New York municipal securities, reinforcing a business model tied to the regional economy and interest-rate conditions rather than broad national diversification.
Risks
Ballston Spa is exposed to credit risk in its loan portfolio, funding competition for deposits, and interest-rate sensitivity across loans, securities, and borrowings. As a community bank, it also depends on the economic health of its local market and on collateral values that support both lending and FHLB borrowing capacity.
The bank lends to local households and businesses, so borrower stress can increase charge-offs and provisions.
Exposure: Local lending and real estate collateral
Deposits are the main funding source, and pricing pressure can shift balances toward higher-cost or brokered funding.
Changes in rates affect asset yields, deposit costs, securities valuations, and borrowing economics.
The franchise is tied to a single local market, so local employment, housing, and business activity matter disproportionately.
Exposure: Ballston Spa and surrounding New York market area
Accounting
Judgemental itemsManagement estimates expected losses using delinquency, collateral, and economic assumptions that can materially change provisions.
Impact: Affects provision expense and loan loss reserve levels
Market-rate movements change unrealized gains and losses on the securities portfolio.
Impact: Affects accumulated other comprehensive income and equity
Deposit mix, borrowings, and loan repricing can shift reported net interest income from quarter to quarter.
Impact: Affects comparability of quarterly earnings
FHLB advances, brokered deposits, and municipal balances are important to understanding funding stability.
Impact: Affects assessment of balance-sheet flexibility
Similar listed companies
Publicly listed companies with a comparable business focus.
Plumas Bancorp
PLBC · Short-Term Business Credit Institutions
Plumas Bancorp is a U.S.
RBB Bancorp
RBB · State Commercial Banks
RBB Bancorp is a U.S.
Blue Foundry Bancorp
Savings Institutions, Not Federally Chartered
Blue Foundry Bancorp is the holding company for Blue Foundry Bank, a New Jersey-based savings institution that gathers deposits and makes primarily…
S&T Bancorp, Inc
STBA · State Commercial Banks
SB Financial Group, Inc
SBFG · State Commercial Banks
Bancorp, Inc.
TBBK · National Commercial Banks
Last updated: 24/09/2026