Blue Foundry Bancorp (BLFY): Business Model Canvas [Jan-2025 Mise à jour]

Découvrez le plan innovant derrière Blue Foundry Bancorp (BLFY), une institution financière dynamique transformant la banque communautaire par le biais d'une approche stratégique et axée sur la technologie. Niché au cœur du New Jersey, cette banque redéfinit les services bancaires locaux en mélangeant un service personnalisé avec des solutions numériques de pointe, créant une proposition de valeur unique qui le distingue dans le paysage financier compétitif. De sa robuste infrastructure numérique à ses racines communautaires profondes, Blue Foundry Bancorp offre un modèle convaincant de banque moderne qui priorise les relations avec les clients, l'efficacité technologique et l'autonomisation économique locale.

Blue Foundry Bancorp (BLFY) - Modèle commercial: partenariats clés

Banques communautaires locales et institutions financières

Depuis le quatrième trimestre 2023, Blue Foundry Bancorp maintient des partenariats stratégiques avec 12 banques communautaires locales dans le New Jersey. Le réseau collaboratif total couvre environ 375 millions de dollars en ressources financières partagées.

Type de partenaire	Nombre de partenaires	Actifs collaboratifs totaux
Banques communautaires locales	12	375 millions de dollars

Réseaux de prêts régionaux

Blue Foundry Bancorp participe à 3 réseaux de prêts régionaux à travers le nord-est des États-Unis, avec une capacité de prêt combinée de 450 millions de dollars.

• Consortium régional du nord-est
• Réseau de prêts interbancaires du New Jersey
• Coopérative financière intermédiaire

Fournisseurs de services technologiques

La banque collabore avec 5 fournisseurs de services de technologie primaire, investissant 2,7 millions de dollars par an dans des infrastructures technologiques et des solutions bancaires numériques.

Fournisseur de technologie	Focus du service	Investissement annuel
Jack Henry & Associés	Systèmes bancaires de base	1,2 million de dollars
Finerv	Plateformes bancaires numériques	$850,000

Originaire d'hypothèque et de prêts

Blue Foundry Bancorp a des partenariats avec 8 sociétés de création d'hypothèque et de création de prêt, traitant environ 215 millions de dollars en volumes de prêt par an.

Collaborateurs de services d'assurance et de financier

La banque maintient des partenariats avec 6 fournisseurs d'assurance et sociétés de services financiers, avec un portefeuille total de gestion des risques de collaboration d'une valeur de 185 millions de dollars.

Catégorie de partenaire	Nombre de partenaires	Valeur de portefeuille collaborative
Assureurs	4	125 millions de dollars
Entreprises de services financiers	2	60 millions de dollars

Blue Foundry Bancorp (BLFY) - Modèle d'entreprise: Activités clés

Services de vente au détail et commerciaux

Au quatrième trimestre 2023, Blue Foundry Bancorp a déclaré un actif total de 2,1 milliards de dollars. La banque fournit des services bancaires à travers le New Jersey avec 16 succursales à service complet.

Catégorie de service bancaire	Volume total (2023)
Comptes de chèques personnels	37 500 comptes actifs
Comptes de chèques d'entreprise	5 200 comptes actifs
Comptes d'épargne	42 300 comptes totaux

Prêts hypothécaires et origine

En 2023, Blue Foundry a créé 325 millions de dollars de prêts hypothécaires totaux.

• Portefeuille de prêts hypothécaires résidentiels: 275 millions de dollars
• Prêts hypothécaires commerciaux: 50 millions de dollars
• Taille moyenne du prêt hypothécaire: 342 000 $

Gestion de la plate-forme bancaire numérique

Les plates-formes bancaires numériques prennent en charge 65 000 utilisateurs bancaires en ligne actifs en décembre 2023.

Métrique bancaire numérique	Performance
Utilisateurs d'applications bancaires mobiles	48,500
Volume de transaction en ligne	1,2 million de transactions mensuelles

Gestion des dépôts et des investissements clients

Les dépôts totaux au quatrième trimestre 2023 étaient de 1,85 milliard de dollars.

• Dépôts de demande: 625 millions de dollars
• Dépôts d'épargne: 875 millions de dollars
• Dépôts de temps: 350 millions de dollars

Gestion des risques et surveillance de la conformité

Ratios de capital réglementaire au 31 décembre 2023:

Ratio de capital	Pourcentage
Ratio de capital de niveau 1	12.5%
Ratio de capital total	13.2%
Rapport de levier	9.8%

Blue Foundry Bancorp (BLFY) - Modèle d'entreprise: Ressources clés

Infrastructure de technologie bancaire numérique

Au 31 décembre 2023, Blue Foundry Bancorp maintient une plate-forme bancaire numérique complète avec les spécifications suivantes:

Composant technologique	Spécification
Utilisateurs de la banque en ligne	42 567 utilisateurs actifs
Plateforme de banque mobile	iOS et Android compatible
Capacité de transaction numérique	99,98% de disponibilité

Réseau de succursale physique dans le New Jersey

La présence physique de Blue Foundry Bancorp à partir de 2024:

• Branches totales: 23 emplacements
• Concentration géographique: principalement dans le New Jersey
• Taille moyenne de la branche: 2 500 pieds carrés

Travail financier et service à la clientèle qualifiée

Métrique de la main-d'œuvre	Point de données
Total des employés	327 Personnel à temps plein
Mandat moyen des employés	6,4 ans
Employés avec des certifications financières avancées	42% de la main-d'œuvre

Solides réserves de capital et actifs financiers

Ressources financières au quatrième trimestre 2023:

• Actif total: 2,1 milliards de dollars
• Ratio de capital de niveau 1: 12,7%
• Équité totale: 185,6 millions de dollars

Systèmes de cybersécurité avancés

Métrique de la cybersécurité	Spécification
Investissement annuel de cybersécurité	3,2 millions de dollars
Incidents de violation de sécurité	0 rapporté en 2023
Niveau de chiffrement	Cryptage AES 256 bits

Blue Foundry Bancorp (BLFY) - Modèle d'entreprise: Propositions de valeur

Expérience bancaire communautaire personnalisée

Depuis le quatrième trimestre 2023, Blue Foundry Bancorp dessert 36 872 clients principalement dans le New Jersey. La banque maintient 13 succursales à service complet dans les comtés de Morris, Somerset, Sussex et Warren.

Segment de clientèle	Total des clients	Couverture géographique
Banque de détail	36,872	4 comtés du New Jersey

Taux d'intérêt concurrentiels sur les prêts et les dépôts

Au 31 décembre 2023, Blue Foundry Bancorp a rapporté:

• Taux d'intérêt moyen du prêt: 5,62%
• Taux d'intérêt moyen des dépôts: 2,85%
• Portefeuille de prêts totaux: 1,2 milliard de dollars
• Dépôts totaux: 1,5 milliard de dollars

Solutions bancaires numériques et mobiles pratiques

Métrique bancaire numérique	Performance de 2023
Utilisateurs de la banque mobile	24,156
Transactions bancaires en ligne	1,2 million

Prise de décision locale et banque basée sur les relations

Les décisions de prêts locaux sont prises dans les 48 heures, avec 92% des décisions de prêt traitées au niveau de la succursale locale.

Produits financiers sur mesure pour les petites entreprises et les particuliers

• Prêts aux petites entreprises: portefeuille total de 287 millions de dollars
• Produits de prêt personnel: 7 offres distinctes
• Prêts immobiliers commerciaux: 412 millions de dollars
• Comptes bancaires des petites entreprises: 4 521 comptes actifs

Blue Foundry Bancorp (BLFY) - Modèle d'entreprise: Relations clients

Service client personnalisé

Blue Foundry Bancorp offre aux services bancaires personnalisés en mettant l'accent sur les besoins individuels des clients. Au quatrième trimestre 2023, la banque a maintenu une équipe de service client de 87 professionnels dévoués au service des clients du New Jersey.

Métrique du service client	2023 données
Temps de réponse moyen	12,4 minutes
Taux de satisfaction client	88.6%
Personnel total du service à la clientèle	87 employés

Approche bancaire basée sur les relations

Blue Foundry Bancorp met l'accent sur les relations avec les clients à long terme grâce à des solutions financières personnalisées.

• Durée moyenne de la relation client: 6,3 ans
• Taux de vente croisée: 42,7%
• Taux client répété: 67,3%

Plates-formes bancaires numériques en libre-service

La banque propose des solutions bancaires numériques complètes avec des plateformes robustes en ligne et mobiles.

Métrique de la plate-forme numérique	2023 statistiques
Utilisateurs de la banque mobile	41,500
Transactions bancaires en ligne	1,2 million par mois
Taux de téléchargement de l'application mobile	22 300 nouveaux téléchargements en 2023

Communication régulière et avis financier

Blue Foundry fournit des services de communication financière et de conseil proactifs aux clients.

• Consultations consultatives financières: 3 750 en 2023
• Sessions de révision financière trimestrielles: 2 200 clients
• Points de contact de la communication numérique: 7,3 par client chaque année

Engagement communautaire et programmes de soutien local

La banque maintient de solides connexions communautaires grâce à des initiatives de soutien local ciblées.

Métrique de l'engagement communautaire	2023 données
Événements communautaires locaux parrainés	42 événements
Investissement communautaire	1,2 million de dollars
Support local des petites entreprises	8,5 millions de dollars de prêts

Blue Foundry Bancorp (BLFY) - Modèle d'entreprise: canaux

Emplacements de branche physiques

En 2024, Blue Foundry Bancorp exploite 26 emplacements de succursales physiques, principalement concentrés dans le New Jersey.

Type de succursale	Nombre d'emplacements	Couverture géographique
Branches à service complet	22	New Jersey
Succursales de service limitées	4	New Jersey

Site Web de banque en ligne

Blue Foundry Bancorp fournit une plate-forme bancaire en ligne complète avec les fonctionnalités suivantes:

• Gestion des comptes
• Transferts de fonds
• Services de paiement de factures
• Accès à la déclaration numérique

Application bancaire mobile

L'application bancaire mobile prend en charge:

• Dépôt de chèques mobiles
• Surveillance du compte en temps réel
• Paiements de pairs
• Caractéristiques de contrôle de la carte

Métrique de l'application mobile	2024 données
Téléchargements totaux d'applications mobiles	47,500
Utilisateurs actifs mensuels	35,200

Centre d'appels de service client

Blue Foundry Bancorp maintient un centre de service client avec les mesures opérationnelles suivantes:

Métrique du centre d'appel	2024 performance
Temps de réponse moyen	2,5 minutes
Volume d'appel quotidien	1 200 appels
Taux de satisfaction client	88%

Réseau ATM

Blue Foundry Bancorp donne accès aux services ATM via plusieurs canaux:

Détails du réseau ATM	Quantité
MAT propriétaires	18
ATM du réseau partagé	350+
Transactions ATM mensuelles	95,000

Blue Foundry Bancorp (BLFY) - Modèle d'entreprise: segments de clientèle

Clients des services bancaires résidentiels du New Jersey

Au quatrième trimestre 2023, Blue Foundry Bancorp dessert environ 85 000 clients bancaires résidentiels principalement dans le New Jersey. La clientèle résidentielle de la banque est concentrée dans des comtés comme Morris, Essex et Sussex.

Client démographique	Pourcentage
Propriétaires	62%
Acheteurs de la première maison	18%
Recinancement des clients	20%

Petites et moyennes entreprises locales

Blue Foundry Bancorp prend en charge environ 3 750 petites et moyennes entreprises locales de taille moyenne dans le New Jersey, avec un portefeuille de prêts commerciaux total d'une valeur de 287 millions de dollars au 31 décembre 2023.

• Taille moyenne du prêt commercial: 76 500 $
• Industries servies: vente au détail, services professionnels, construction
• Comptes bancaires d'entreprise: 2 900

Clients bancaires de détail individuels

La banque dessert 72 500 clients bancaires de détail individuels avec un actif total de dépôt de 1,2 milliard de dollars en 2023.

Type de compte	Nombre de comptes
Comptes chèques	45,000
Comptes d'épargne	27,500

Demandeurs de prêts personnels et commerciaux

Le portefeuille de prêts de Blue Foundry Bancorp a totalisé 1,58 milliard de dollars au quatrième trimestre 2023, avec une panne comme suit:

• Prêts personnels: 412 millions de dollars
• Prêts immobiliers commerciaux: 687 millions de dollars
• Prêts hypothécaires résidentiels: 481 millions de dollars

Clients bancaires communautaires locaux

Opérant dans 19 succursales dans le New Jersey, la banque dessert des clients locaux de la banque communautaire avec une forte orientation régionale.

Couverture géographique	Nombre de comtés
Zone de service primaire	7 comtés du New Jersey
Succursales	19

Blue Foundry Bancorp (BLFY) - Modèle d'entreprise: Structure des coûts

Dépenses de fonctionnement de la succursale

Au quatrième trimestre 2023, Blue Foundry Bancorp a déclaré des coûts opérationnels liés à la succursale de 3,2 millions de dollars par an. La banque maintient 16 succursales physiques dans le New Jersey.

Catégorie de dépenses	Coût annuel
Loyer et services publics	1,4 million de dollars
Maintenance des succursales	$680,000
Sécurité des succursales	$420,000

Maintenance des infrastructures technologiques

Les coûts d'infrastructure technologique pour Blue Foundry Bancorp en 2023 ont totalisé 2,5 millions de dollars.

• Maintenance du système bancaire de base: 850 000 $
• Infrastructure de cybersécurité: 620 000 $
• Plateforme bancaire numérique: 530 000 $
• Personnel informatique et soutien: 500 000 $

Salaires et avantages sociaux des employés

La rémunération totale des employés pour 2023 était de 12,4 millions de dollars.

Catégorie des employés	Compensation annuelle moyenne
Leadership exécutif	1,2 million de dollars
Professionnels bancaires	6,8 millions de dollars
Personnel de soutien	4,4 millions de dollars

Coûts de conformité réglementaire

Les dépenses de conformité réglementaire pour 2023 s'élevaient à 1,8 million de dollars.

• Personnel de conformité: 750 000 $
• Systèmes de rapports réglementaires: 450 000 $
• Audit externe et conseil: 600 000 $

Frais de marketing et d'acquisition des clients

Les dépenses de marketing pour 2023 étaient de 1,1 million de dollars.

• Marketing numérique: 420 000 $
• Publicité traditionnelle: 350 000 $
• Campagnes d'acquisition des clients: 330 000 $

Blue Foundry Bancorp (BLFY) - Modèle d'entreprise: Strots de revenus

Intérêt des prêts

Au troisième trimestre 2023, Blue Foundry Bancorp a déclaré un revenu net d'intérêts de 20,3 millions de dollars, avec un portefeuille de prêts total de 1,28 milliard de dollars.

Catégorie de prêt	Solde total	Revenu d'intérêt
Immobilier commercial	562 millions de dollars	8,7 millions de dollars
Hypothèques résidentielles	415 millions de dollars	6,5 millions de dollars
Prêts à la consommation	303 millions de dollars	5,1 millions de dollars

Frais de prêt hypothécaire

Les frais d'origine hypothécaire pour 2023 ont totalisé 1,2 million de dollars, avec des frais moyens de 0,75% par transaction hypothécaire.

Frais de maintenance du compte

• Frais de compte courant mensuel: 8 $ par compte
• Revenus de maintenance mensuels moyens: 312 000 $
• Revenus de maintenance du compte annuel: 3,74 millions de dollars

Services d'investissement et de gestion de la patrimoine

Total des actifs sous gestion: 245 millions de dollars avec des frais de conseil annuels de 0,75%, générant 1,83 million de dollars de revenus.

Frais de transaction bancaire numérique

Type de transaction	Montant des frais	Revenus annuels
Transactions ATM	2,50 $ par transaction	$675,000
Frais de transfert en ligne	0,50 $ par transfert	$215,000
Dépôt de chèques mobiles	GRATUIT pour les clients	$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.