Blue Foundry Bancorp (BLFY): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Descubra el innovador plan detrás de Blue Foundry Bancorp (BLFY), una institución financiera dinámica que transforma la banca comunitaria a través de un enfoque estratégico e impulsado por la tecnología. Ubicado en el corazón de Nueva Jersey, este banco redefine la banca local mediante la combinación de un servicio personalizado con soluciones digitales de vanguardia, creando una propuesta de valor única que lo distingue en el panorama financiero competitivo. Desde su robusta infraestructura digital hasta sus profundas raíces comunitarias, Blue Foundry Bancorp ofrece un modelo convincente de banca moderna que prioriza las relaciones con los clientes, la eficiencia tecnológica y el empoderamiento económico local.

Blue Foundry Bancorp (BLFY) - Modelo de negocios: asociaciones clave

Bancos comunitarios locales e instituciones financieras

A partir del cuarto trimestre de 2023, Blue Foundry Bancorp mantiene asociaciones estratégicas con 12 bancos comunitarios locales en Nueva Jersey. La red de colaboración total cubre aproximadamente $ 375 millones en recursos financieros compartidos.

Tipo de socio	Número de socios	Activos de colaboración total
Bancos comunitarios locales	12	$ 375 millones

Redes de préstamos regionales

Blue Foundry Bancorp participa en 3 redes de préstamos regionales en todo el noreste de los Estados Unidos, con una capacidad de préstamo combinada de $ 450 millones.

• Consorcio de préstamos regionales del noreste
• Red de préstamos interbancarios de Nueva Jersey
• Cooperativa financiera del Atlántico medio

Proveedores de servicios de tecnología

El banco colabora con 5 proveedores de servicios de tecnología primaria, invirtiendo $ 2.7 millones anuales en infraestructura tecnológica y soluciones de banca digital.

Proveedor de tecnología	Enfoque de servicio	Inversión anual
Jack Henry & Asociado	Sistemas bancarios centrales	$ 1.2 millones
Fiserv	Plataformas de banca digital	$850,000

Originadores de hipotecas y préstamos

Blue Foundry Bancorp tiene asociaciones con 8 empresas de originación de hipotecas y préstamos, procesando aproximadamente $ 215 millones en volúmenes de préstamos anualmente.

Collaboradores de servicios financieros y de servicios financieros

El banco mantiene asociaciones con 6 proveedores de seguros y empresas de servicios financieros, con una cartera total de gestión de riesgos colaborativos valorados en $ 185 millones.

Categoría de socio	Número de socios	Valor de cartera colaborativa
Proveedores de seguros	4	$ 125 millones
Empresas de servicios financieros	2	$ 60 millones

Blue Foundry Bancorp (BLFY) - Modelo de negocio: actividades clave

Servicios de banca minorista y comercial

A partir del cuarto trimestre de 2023, Blue Foundry Bancorp informó activos totales de $ 2.1 mil millones. El banco ofrece servicios bancarios en Nueva Jersey con 16 sucursales de servicio completo.

Categoría de servicio bancario	Volumen total (2023)
Cuentas corrientes personales	37,500 cuentas activas
Cuentas corrientes de negocios	5.200 cuentas activas
Cuentas de ahorro	42,300 cuentas totales

Préstamo y origen hipotecario

En 2023, Blue Foundry originó $ 325 millones en préstamos hipotecarios totales.

• Portafolio de préstamos hipotecarios residenciales: $ 275 millones
• Préstamos hipotecarios comerciales: $ 50 millones
• Tamaño promedio del préstamo hipotecario: $ 342,000

Gestión de la plataforma de banca digital

Las plataformas de banca digital admiten 65,000 usuarios de banca en línea activa a diciembre de 2023.

Métrica de banca digital	Actuación
Usuarios de aplicaciones de banca móvil	48,500
Volumen de transacciones en línea	1,2 millones de transacciones mensuales

Gestión de depósito y inversión del cliente

Los depósitos totales a partir del cuarto trimestre de 2023 fueron de $ 1.85 mil millones.

• Depósitos de demanda: $ 625 millones
• Depósitos de ahorro: $ 875 millones
• Depósitos de tiempo: $ 350 millones

Gestión de riesgos y monitoreo de cumplimiento

Relaciones de capital regulatorias al 31 de diciembre de 2023:

Relación de capital	Porcentaje
Relación de capital de nivel 1	12.5%
Relación de capital total	13.2%
Relación de apalancamiento	9.8%

Blue Foundry Bancorp (BLFY) - Modelo de negocios: recursos clave

Infraestructura de tecnología de banca digital

Al 31 de diciembre de 2023, Blue Foundry Bancorp mantiene una plataforma de banca digital integral con las siguientes especificaciones:

Componente tecnológico	Especificación
Usuarios bancarios en línea	42,567 usuarios activos
Plataforma de banca móvil	iOS y Android compatible
Capacidad de transacción digital	99.98% de tiempo de actividad

Red de sucursales físicas en Nueva Jersey

La presencia física de Blue Foundry Bancorp a partir de 2024:

• Total de ramas: 23 ubicaciones
• Concentración geográfica: principalmente en Nueva Jersey
• Tamaño promedio de la rama: 2,500 pies cuadrados

Fuerza laboral financiera y de servicio al cliente calificada

Métrica de la fuerza laboral	Punto de datos
Total de empleados	327 personal a tiempo completo
Promedio de la tenencia del empleado	6.4 años
Empleados con certificaciones financieras avanzadas	42% de la fuerza laboral

Reservas de capital fuertes y activos financieros

Recursos financieros a partir del cuarto trimestre 2023:

• Activos totales: $ 2.1 mil millones
• Relación de capital de nivel 1: 12.7%
• Equidad total: $ 185.6 millones

Sistemas avanzados de ciberseguridad

Métrica de ciberseguridad	Especificación
Inversión anual de ciberseguridad	$ 3.2 millones
Incidentes de violación de seguridad	0 reportado en 2023
Nivel de cifrado	Cifrado AES de 256 bits

Blue Foundry Bancorp (BLFY) - Modelo de negocio: propuestas de valor

Experiencia bancaria comunitaria personalizada

A partir del cuarto trimestre de 2023, Blue Foundry Bancorp atiende a 36,872 clientes principalmente en Nueva Jersey. El banco mantiene 13 ubicaciones de sucursales de servicio completo en los condados de Morris, Somerset, Sussex y Warren.

Segmento de clientes	Total de clientes	Cobertura geográfica
Banca minorista	36,872	4 condados de Nueva Jersey

Tasas de interés competitivas sobre préstamos y depósitos

Al 31 de diciembre de 2023, Blue Foundry Bancorp informó:

• Tasa de interés promedio del préstamo: 5.62%
• Tasa de interés de depósito promedio: 2.85%
• Portafolio de préstamos totales: $ 1.2 mil millones
• Depósitos totales: $ 1.5 mil millones

Convenientes soluciones de banca digital y móvil

Métrica de banca digital	2023 rendimiento
Usuarios de banca móvil	24,156
Transacciones bancarias en línea	1.2 millones

Toma de decisiones locales y banca basada en relaciones

Las decisiones de préstamo locales se toman dentro de las 48 horas, con el 92% de las decisiones de préstamo procesadas a nivel de sucursal local.

Productos financieros a medida para pequeñas empresas e individuos

• Préstamos para pequeñas empresas: cartera total de $ 287 millones
• Productos de préstamos personales: 7 ofertas distintas
• Préstamos inmobiliarios comerciales: $ 412 millones
• Cuentas bancarias de pequeñas empresas: 4.521 cuentas activas

Blue Foundry Bancorp (BLFY) - Modelo de negocios: relaciones con los clientes

Servicio al cliente personalizado

Blue Foundry Bancorp ofrece servicios bancarios personalizados con un enfoque en las necesidades individuales del cliente. A partir del cuarto trimestre de 2023, el banco mantuvo un equipo de servicio al cliente de 87 profesionales dedicados que atienden a clientes en Nueva Jersey.

Métrica de servicio al cliente	2023 datos
Tiempo de respuesta promedio	12.4 minutos
Tasa de satisfacción del cliente	88.6%
Personal de servicio al cliente total	87 empleados

Enfoque bancario basado en relaciones

Blue Foundry Bancorp enfatiza las relaciones con los clientes a largo plazo a través de soluciones financieras personalizadas.

• Duración promedio de la relación con el cliente: 6.3 años
• Tasa de venta cruzada: 42.7%
• Tasa de cliente repetida: 67.3%

Plataformas de banca de autoservicio digital

El banco ofrece soluciones de banca digital integrales con plataformas sólidas en línea y móviles.

Métrica de plataforma digital	2023 estadísticas
Usuarios de banca móvil	41,500
Transacciones bancarias en línea	1.2 millones mensuales
Tasa de descarga de la aplicación móvil	22,300 nuevas descargas en 2023

Comunicación regular y asesoramiento financiero

Blue Foundry ofrece servicios de asesoramiento y comunicación financiera proactiva a los clientes.

• Consultas de asesoramiento financiero: 3.750 en 2023
• Sesiones trimestrales de revisión financiera: 2,200 clientes
• Puntos de contacto de comunicación digital: 7.3 por cliente anualmente

Programas de participación comunitaria y apoyo local

El banco mantiene fuertes conexiones comunitarias a través de iniciativas de apoyo local específicas.

Métrica de compromiso de la comunidad	2023 datos
Eventos de la comunidad local patrocinados	42 eventos
Inversión comunitaria	$ 1.2 millones
Soporte local de pequeñas empresas	$ 8,5 millones en préstamos

Blue Foundry Bancorp (BLFY) - Modelo de negocios: canales

Ubicaciones de ramas físicas

A partir de 2024, Blue Foundry Bancorp opera 26 ubicaciones de ramas físicas, concentradas principalmente en Nueva Jersey.

Tipo de rama	Número de ubicaciones	Cobertura geográfica
Ramas de servicio completo	22	Nueva Jersey
Ramas de servicio limitadas	4	Nueva Jersey

Sitio web de banca en línea

Blue Foundry Bancorp proporciona una plataforma de banca en línea completa con las siguientes características:

• Gestión de cuentas
• Transferencias de fondos
• Servicios de pago de facturas
• Acceso a la declaración digital

Aplicación de banca móvil

La aplicación de banca móvil es compatible:

• Depósito de cheque móvil
• Monitoreo de cuentas en tiempo real
• Pagos de pares
• Características de control de tarjetas

Módulo de aplicación móvil	2024 datos
Descargas totales de aplicaciones móviles	47,500
Usuarios activos mensuales	35,200

Centro de llamadas de servicio al cliente

Blue Foundry Bancorp mantiene un centro de servicio al cliente con las siguientes métricas operativas:

Métrico del centro de llamadas	2024 rendimiento
Tiempo de respuesta promedio	2.5 minutos
Volumen de llamadas diarias	1.200 llamadas
Tasa de satisfacción del cliente	88%

Red de cajeros automáticos

Blue Foundry Bancorp proporciona acceso a los servicios de ATM a través de múltiples canales:

Detalles de la red de cajeros automáticos	Cantidad
Cajeros automáticos	18
ATM de red compartidos	350+
Transacciones mensuales de cajeros automáticos	95,000

Blue Foundry Bancorp (BLFY) - Modelo de negocios: segmentos de clientes

Clientes de banca residencial de Nueva Jersey

A partir del cuarto trimestre de 2023, Blue Foundry Bancorp atiende a aproximadamente 85,000 clientes bancarios residenciales principalmente en Nueva Jersey. La base de clientes residenciales del banco se concentra en condados como Morris, Essex y Sussex.

Demográfico del cliente	Porcentaje
Propietarios	62%
Compradores de vivienda por primera vez	18%
Refinanciar clientes	20%

Empresas locales pequeñas a medianas

Blue Foundry Bancorp admite aproximadamente 3.750 empresas locales pequeñas a medianas en Nueva Jersey, con una cartera de préstamos comerciales totales valorados en $ 287 millones al 31 de diciembre de 2023.

• Tamaño promedio del préstamo comercial: $ 76,500
• Industrias atendidas: minorista, servicios profesionales, construcción
• Cuentas bancarias de negocios: 2,900

Clientes de banca minorista individual

El banco atiende a 72,500 clientes de banca minorista individual con activos de depósito total de $ 1.2 mil millones en 2023.

Tipo de cuenta	Número de cuentas
Cuentas corrientes	45,000
Cuentas de ahorro	27,500

Buscadores de préstamos personales y comerciales

La cartera de préstamos de Blue Foundry Bancorp totalizó $ 1.58 mil millones a partir del cuarto trimestre de 2023, con el desglose de la siguiente manera:

• Préstamos personales: $ 412 millones
• Préstamos inmobiliarios comerciales: $ 687 millones
• Préstamos hipotecarios residenciales: $ 481 millones

Clientes bancarios comunitarios locales

Operando a través de 19 ubicaciones de sucursales en Nueva Jersey, el banco sirve a clientes bancarios comunitarios locales con un fuerte enfoque regional.

Cobertura geográfica	Número de condados
Área de servicio principal	7 condados de Nueva Jersey
Ubicaciones de ramas	19

Blue Foundry Bancorp (BLFY) - Modelo de negocio: Estructura de costos

Gastos de operación de rama

A partir del cuarto trimestre de 2023, Blue Foundry Bancorp informó costos operativos relacionados con las sucursales de $ 3.2 millones anuales. El banco mantiene 16 ubicaciones de sucursales físicas en Nueva Jersey.

Categoría de gastos	Costo anual
Alquiler y servicios públicos	$ 1.4 millones
Mantenimiento de ramas	$680,000
Seguridad de la rama	$420,000

Mantenimiento de la infraestructura tecnológica

Los costos de infraestructura tecnológica para Blue Foundry Bancorp en 2023 totalizaron $ 2.5 millones.

• Mantenimiento del sistema bancario central: $ 850,000
• Infraestructura de ciberseguridad: $ 620,000
• Plataforma de banca digital: $ 530,000
• Personal de TI y apoyo: $ 500,000

Salarios y beneficios de los empleados

La compensación total de los empleados para 2023 fue de $ 12.4 millones.

Categoría de empleado	Compensación anual promedio
Liderazgo ejecutivo	$ 1.2 millones
Profesionales bancarios	$ 6.8 millones
Personal de apoyo	$ 4.4 millones

Costos de cumplimiento regulatorio

Los gastos de cumplimiento regulatorio para 2023 ascendieron a $ 1.8 millones.

• Personal de cumplimiento: $ 750,000
• Sistemas de informes regulatorios: $ 450,000
• Auditoría externa y consultoría: $ 600,000

Gastos de marketing y adquisición de clientes

El gasto de marketing para 2023 fue de $ 1.1 millones.

• Marketing digital: $ 420,000
• Publicidad tradicional: $ 350,000
• Campañas de adquisición de clientes: $ 330,000

Blue Foundry Bancorp (BLFY) - Modelo de negocios: flujos de ingresos

Ingresos por intereses de préstamos

A partir del tercer trimestre de 2023, Blue Foundry Bancorp informó ingresos por intereses netos de $ 20.3 millones, con una cartera de préstamos totales de $ 1.28 mil millones.

Categoría de préstamo	Saldo total	Ingresos por intereses
Inmobiliario comercial	$ 562 millones	$ 8.7 millones
Hipotecas residenciales	$ 415 millones	$ 6.5 millones
Préstamos al consumo	$ 303 millones	$ 5.1 millones

Tarifas de préstamos hipotecarios

Las tarifas de origen de la hipoteca para 2023 totalizaron $ 1.2 millones, con una tarifa promedio de 0.75% por transacción hipotecaria.

Cargos de mantenimiento de la cuenta

• Tarifas de cuenta corriente mensual: $ 8 por cuenta
• Ingresos de mantenimiento mensuales promedio: $ 312,000
• Ingresos de mantenimiento de la cuenta anual: $ 3.74 millones

Servicios de inversión y gestión de patrimonio

Activos totales bajo administración: $ 245 millones con tarifas de asesoramiento anuales de 0.75%, generando $ 1.83 millones en ingresos.

Tarifas de transacción bancaria digital

Tipo de transacción	Monto de la tarifa	Ingresos anuales
Transacciones de cajero automático	$ 2.50 por transacción	$675,000
Tarifas de transferencia en línea	$ 0.50 por transferencia	$215,000
Depósito de cheque móvil	Gratis para clientes	$0

Blue Foundry Bancorp (BLFY) - Canvas Business Model: Value Propositions

You're looking at what Blue Foundry Bancorp offers its customers, the core value it delivers. It's a blend of old-school relationship banking and necessary modern financial products.

Full-service banking for both individuals and small-to-medium-sized businesses (SMBs).

Blue Foundry Bancorp positions itself as a full-service bank, offering tailored products and services to both individuals and businesses. The strategy specifically focuses on attracting the full banking relationship of small- to medium-sized businesses through an extensive suite of deposit products.

Personalized, community-focused service with a 145+ year history.

The bank emphasizes a longstanding commitment to its customers and communities, backed by a rich history dating back more than 145 years. This history underpins the personalized service model, even as they look toward a future partnership that aims to preserve local relationships.

Tailored loan products, including residential, multi-family, and C&I loans.

Blue Foundry Bancorp's business involves originating one-to-four-family residential, multi-family, and non-residential real estate mortgages, home equity loans and lines of credit, and commercial and industrial (C&I) loans. Management is steering toward higher-yield lending and diversified risk. As of September 30, 2025, total loans held for investment reached $1.71 billion.

Here's a look at how the loan portfolio composition changed in the first nine months of 2025:

Loan Category	Balance as of 9/30/2025 (Approximate)	Change YTD (Approximate)
Total Loans Held for Investment	$1.71 billion	Increased $131.4 million
Commercial Real Estate (CRE)	$317.1 million (as of 9/30/25)	Increased $57.4 million
Consumer Loans	$121.8 million (as of 9/30/25)	Increased $114.5 million
Commercial and Industrial (C&I)	N/A	Increased $8.0 million

The growth was driven by purchases of consumer loans and increases in CRE, with owner-occupied properties accounting for $46.3 million of the CRE increase.

Financial stability, maintaining a well-capitalized status on all measures.

The Bank's capital ratios remain above the FDIC's "well capitalized" standards. Tangible equity to tangible assets stood at 14.58% as of September 30, 2025. You can see the strength in the regulatory capital position:

• CET1 Ratio: 17.63% (well above minimum 4.5%)
• Tier 1 Leverage Ratio: 13.36%
• Tangible Common Equity per Share: $15.14 at September 30, 2025

Also, the Net Interest Margin (NIM) improved to 2.34% in the third quarter of 2025, up six basis points from the linked quarter.

Innovative solutions and greater convenience post-merger, defintely.

Blue Foundry Bancorp announced an all-stock merger with Fulton Financial, valued at approximately $243 million, or $11.67 per share based on Fulton's November 21, 2025 price. This partnership is intended to provide access to greater resources and offer more solutions and convenience to customers. The transaction is expected to be immediately accretive to tangible book value per share. Management also signals confidence through share repurchases, buying back 837,388 shares in Q3 2025 at a weighted average price of $9.09 per share. Finance: draft 13-week cash view by Friday.

Blue Foundry Bancorp (BLFY) - Canvas Business Model: Customer Relationships

You're looking at how Blue Foundry Bancorp (BLFY) connects with and serves its customers as of late 2025, right before the Fulton Financial acquisition was announced. The bank's approach centers on deep, localized service, especially for its business clients.

Full-relationship banking model to capture all customer needs.

Blue Foundry Bancorp explicitly states its strategy is to focus on attracting the full banking relationship of small- to medium-sized businesses through an extensive suite of deposit products. This means they aim to be the primary financial institution for these businesses, not just a transactional provider. Evidence of success in attracting core funding is seen in the deposit growth through the first nine months of 2025.

• Deposits totaled $1.49 billion at September 30, 2025.
• Total deposits increased by $150.1 million, or 11.17%, from December 31, 2024, through Q3 2025.
• Core deposits represented 47.6% of total deposits as of March 31, 2025.

Dedicated, personalized service from local branch staff.

The foundation of the relationship model is the physical presence in northern New Jersey, offering personalized service that digital-only competitors often can't match. While the number of branches isn't explicitly stated for 2025, the focus on local relationships supports the C&I growth strategy.

High-touch service for commercial and industrial (C&I) clients.

The bank prioritizes growing its commercial portfolio, which typically requires more intensive, high-touch relationship management. This focus is reflected in the loan book expansion during the first nine months of 2025.

The growth in the C&I segment, alongside commercial real estate, shows where relationship efforts are being directed:

Loan Portfolio Class (as of Sept 30, 2025)	Total Loans Receivable (In thousands)	Change in Loans (9 months ended Sept 30, 2025)
Total Loans Held for Investment	$1,710,000	Increased $131.4 million
Commercial and Industrial (C&I)	Data Not Separated	Increased $8.0 million
Commercial Real Estate	Data Not Separated	Increased $57.4 million

Self-service options via digital and online platforms.

Blue Foundry Bancorp supports its relationship model with digital tools, recognizing that even relationship-focused customers expect convenience. While specific Blue Foundry Bancorp digital adoption metrics for 2025 aren't in the reports, the broader banking environment shows a clear trend toward digital reliance. For context, over 83% of U.S. adults used digital banking services as of 2025. Also, 72% of global banking customers preferred using mobile apps for core banking services in 2025. The bank's digital transformation efforts are aimed at reducing turnaround times and enhancing satisfaction, which supports the high-touch service by handling routine tasks efficiently.

The tangible book value per share was $15.14 at September 30, 2025. The proposed acquisition by Fulton Financial in November 2025 valued Blue Foundry Bancorp at $243 million in stock.

Finance: draft cash flow impact analysis for Q4 2025 by next Tuesday.

Blue Foundry Bancorp (BLFY) - Canvas Business Model: Channels

You're looking at how Blue Foundry Bancorp (BLFY) connects its value proposition to its customers as of late 2025. The channels are a mix of traditional brick-and-mortar presence and modern digital access, all set against the backdrop of a pending acquisition by Fulton Financial Corporation, valued at approximately $243 million as of November 21, 2025.

Physical Branch Network

The physical branch network remains a core channel, focused entirely within northern New Jersey. This network is designed to serve the doers, movers, and shakers in the local communities.

The physical channel footprint is detailed as follows:

• Physical branch network of 17 offices in northern New Jersey.
• Service area covers Bergen, Essex, Hudson, Middlesex, Morris, Passaic, Somerset, and Union Counties.

Here's a snapshot of the balance sheet activity supported by these channels and digital platforms as of the third quarter ended September 30, 2025:

Metric	Amount (as of 9/30/2025)	Change from Linked Quarter
Total Loans Held for Investment	$1.71 billion	Increased $41.9 million
Total Deposits	$1.49 billion	Increased $77.1 million
Net Interest Margin	2.34%	Increased six basis points
Interest Income for the Quarter	$24.1 million	Increase of $693 thousand (3.0%)

Online and Mobile Banking Platforms

Digital channels provide essential account access and transaction capabilities for Blue Foundry Bancorp customers. While specific adoption rates aren't detailed for late 2025, loan origination activity shows a strong component of direct engagement, which often complements digital platforms.

For context on lending activity flowing through these channels, consider the first quarter of 2025:

• Originated $90 million in new loans.
• Weighted average yield on these new loans was ~7.1%.

Direct Loan Origination Teams

Direct teams focus on commercial and real estate lending, driving portfolio diversification and yield enhancement. The strategy emphasizes obtaining the full banking relationship.

The composition of loan growth in the first nine months of 2025, which flows through these direct origination channels, shows specific asset class focus:

Loan Category	Increase (9 Months Ended 9/30/2025)
Consumer Loans (Purchased)	$114.5 million
Commercial Real Estate Loans	$57.4 million (of which $46.3 million was owner-occupied)
Commercial and Industrial Loans	$8.0 million

The focus on owner-occupied properties within CRE lending is a key action point for these teams.

ATMs and Debit Card Networks

Cash access and transactional convenience are supported by ATM and debit card networks, though specific network statistics like surcharge-free ATM counts or debit card transaction volumes for Blue Foundry Bancorp in late 2025 aren't explicitly published in the latest releases. The availability of a Debit Card Center, which allows customers to manage cards, turn them on/off, and add them to digital wallets, is a feature of the overall service delivery, which is being integrated into the acquiring entity, Fulton Bank.

The bank maintains a routing number of 221271359 for processing electronic transfers.

Blue Foundry Bancorp (BLFY) - Canvas Business Model: Customer Segments

Individuals and consumers in northern New Jersey (Bergen, Essex, Hudson, etc.)

Blue Foundry Bancorp has a presence in Bergen, Essex, Hudson, Middlesex, Morris, Passaic, Somerset and Union counties in New Jersey.

The bank's total deposits were reported at $1.49 billion as of September 30, 2025.

Small-to-medium-sized businesses (SMBs) requiring commercial loans and deposits

The Company's strategy is to focus on attracting the full banking relationship of small- to medium-sized businesses through an extensive suite of deposit products.

Core deposits grew in Q1 2025, supported by commercial customer relationships.

Real estate investors and developers seeking multi-family and non-residential mortgages

Total loans held for investment reached $1.71 billion at September 30, 2025.

Loan production in Q1 2025 included $33 million in commercial real estate loans.

For the nine months ended September 30, 2025, Commercial Real Estate loans increased by $57.4 million, while the multifamily portfolio decreased by $23.8 million.

The composition of loan portfolio changes for the nine months ended September 30, 2025, is detailed below:

Loan Category	Change in Balance (Nine Months Ended 9/30/2025)
Consumer Loans	Increase of $114.5 million
Commercial Real Estate Loans	Increase of $57.4 million
Commercial and Industrial Loans	Increase of $8.0 million
Construction Loans	Decrease of $25.0 million
Multifamily Loans	Decrease of $23.8 million

Retail depositors seeking savings, NOW, and demand accounts

Total deposits at September 30, 2025, were $1.49 billion.

Core deposits, defined as non-interest bearing checking, NOW and demand accounts and savings accounts, represented 57.8% of total deposits, excluding brokered deposits, at September 30, 2025.

The increase in total deposits of $150.1 million from December 31, 2024, was driven by increases of $87.5 million in NOW and demand accounts and $81.9 million in time deposits, partially offset by a decrease of $18.3 million in savings accounts.

Uninsured and uncollateralized deposits to third-party customers were $194.1 million, or 13% of total deposits, at the end of the third quarter of 2025.

Brokered deposits totaled $275.0 million at September 30, 2025.

The bank utilized the following deposit products as of March 31, 2025:

• Deposits totaled $1.39 billion.
• NOW and demand accounts increased by $28.8 million.
• Time deposits increased by $19.6 million.
• Savings accounts decreased by $3.6 million.

Blue Foundry Bancorp (BLFY) - Canvas Business Model: Cost Structure

You're looking at the costs Blue Foundry Bancorp incurs to run its business as of late 2025. For a bank, the cost of money-what you pay depositors and lenders-is usually the biggest line item, but personnel and operations are right behind it. Honestly, keeping these costs in check is what separates the profitable from the struggling, especially in this rate environment.

The most significant cost driver is the Interest expense on deposits and borrowings, which totaled $11.9 million for the three months ended September 30, 2025. This figure reflects the cost of funding the bank's balance sheet growth, which saw total deposits increase to $1.49 billion by that date.

Next, we look at Non-interest expense, which totaled $13.9 million for the third quarter of 2025, an increase of $619 thousand compared to the third quarter of 2024. This category covers everything from salaries to the lights staying on in the branches. Here's a breakdown of the major components we can clearly identify for Q3 2025:

Cost Category Component	Q3 2025 Amount (in thousands)
Total Non-interest Expense	$13,900
Personnel Expenses (Compensation and benefits)	$8,026
Occupancy and equipment (Branch Network/Tech)	$2,162
Data processing (Technology Infrastructure)	$1,473

Personnel expenses, which fall under Compensation and benefits, were $8,026 thousand for the quarter. Remember, about 40% of Blue Foundry Bancorp's employees are frontline bankers, so staffing the 17-branch network is a core cost. The increase in this line item was primarily due to increased compensation cost and an additional day of expense during the third quarter.

Operating expenses for the physical network and technology infrastructure are captured in several line items. Occupancy and equipment expenses totaled $2,162 thousand, and Data processing costs were $1,473 thousand for the quarter. The bank has noted that managing real estate and technology costs is critical to long-term success.

The cost associated with credit risk management is the Provision for credit losses, which was $589 thousand in Q3 2025. This provision was primarily driven by an increase in the provision for loans, reflecting a deterioration in economic variable forecasts at that time.

Costs associated with pending merger activity and regulatory compliance are typically embedded within other non-interest expense line items, such as Professional Services, which increased by $198 thousand from the second quarter of 2025. We know the bank focuses on expense control through operational efficiencies, but a specific dollar amount for merger or compliance-only costs isn't broken out in the readily available Q3 2025 summary data. Still, you can see the known components account for about $11.7 million of the $13.9 million total non-interest expense.

Here are the key cost-related metrics for Q3 2025:

• Interest expense on deposits and borrowings: $11.9 million.
• Total Non-interest expense: $13.9 million.
• Personnel Expense (Compensation and benefits): $8,026 thousand.
• Provision for credit losses: $589 thousand.
• Occupancy and equipment expense: $2,162 thousand.

Finance: draft 13-week cash view by Friday.

Blue Foundry Bancorp (BLFY) - Canvas Business Model: Revenue Streams

You're looking at the core ways Blue Foundry Bancorp generates cash as of late 2025. For a bank holding company like Blue Foundry Bancorp, the revenue engine is fundamentally about the spread between what it earns on its assets and what it pays out for liabilities, supplemented by fees for services.

The latest figures from the third quarter of 2025 show the net interest margin (NIM) is improving, which is the key metric for core profitability in this business. The NIM hit 2.34% for the quarter ending September 30, 2025. This expansion suggests better management of asset yields versus funding costs, a definite positive sign for the business model.

Here's a breakdown of the key revenue components for Blue Foundry Bancorp for the three months ended September 30, 2025, based on reported figures and derived data:

Revenue Stream Component	Q3 2025 Amount (Millions USD)
Interest income from loans	$24.1 (Total Interest Income Reported)
Interest income from investment securities	$24.1 (Total Interest Income Reported)
Non-interest income from service charges, fees, and other banking activities	$0.41 (Derived from Total Revenue of $12.61M minus NII of $12.2M)
Net interest income	$12.2

The total Interest Income for Q3 2025 was $24.1 million. This figure represents the sum of interest earned on loans and interest earned on investment securities. You'll note the table uses the total figure for the first two line items because the specific breakdown between loans and securities wasn't explicitly itemized in the latest public release, so we use the total available number. Also, the total reported revenue for the quarter was $12.61 million, which, when compared to the Net Interest Income of $12.2 million, implies the total Non-Interest Income component was approximately $0.41 million.

The structure relies heavily on the Net Interest Income, which came in at $12.2 million for the quarter. This was supported by the NIM of 2.34%. The bank is actively growing its balance sheet to support this, with loans reaching $1.71 billion and total deposits at $1.49 billion as of the end of September 2025.

The revenue streams are further characterized by:

• Interest income from loans, which was $24.1 million in Q3 2025.
• Net interest income of $12.2 million for Q3 2025.
• Net interest margin (NIM) of 2.34% for Q3 2025.
• Total revenue for the quarter was reported at $12.61 million.

Finance: draft Q4 2025 NII projection by next Tuesday.