Blue Foundry Bancorp (BLFY): Modelo de negócios Canvas [Jan-2025 Atualizado]

Descubra o plano inovador por trás do Blue Foundry Bancorp (BLFY), uma instituição financeira dinâmica que transforma bancário comunitário por meio de uma abordagem estratégica e orientada por tecnologia. Aninhado no coração de Nova Jersey, este banco redefine o banco local, misturando um serviço personalizado com soluções digitais de ponta, criando uma proposta de valor única que a diferencia no cenário financeiro competitivo. Desde sua infraestrutura digital robusta até suas profundas raízes da comunidade, a Blue Foundry Bancorp oferece um modelo atraente de bancos modernos que prioriza o relacionamento com os clientes, a eficiência tecnológica e o empoderamento econômico local.

Blue Foundry Bancorp (BLFY) - Modelo de negócios: Parcerias -chave

Bancos comunitários locais e instituições financeiras

No quarto trimestre 2023, a Blue Foundry Bancorp mantém parcerias estratégicas com 12 bancos comunitários locais em Nova Jersey. A rede total de colaboração cobre aproximadamente US $ 375 milhões em recursos financeiros compartilhados.

Tipo de parceiro	Número de parceiros	Total de ativos colaborativos
Bancos comunitários locais	12	US $ 375 milhões

Redes de empréstimos regionais

A Blue Foundry Bancorp participa de 3 redes regionais de empréstimos no nordeste dos Estados Unidos, com uma capacidade de empréstimo combinada de US $ 450 milhões.

• Consórcio de empréstimos Regionais do Nordeste
• Rede de empréstimos interbancários de Nova Jersey
• Cooperativa financeira do meio do Atlântico

Provedores de serviços de tecnologia

O banco colabora com 5 provedores de serviços de tecnologia primária, investindo US $ 2,7 milhões anualmente em infraestrutura tecnológica e soluções bancárias digitais.

Provedor de tecnologia	Foco de serviço	Investimento anual
Jack Henry & Associados	Sistemas bancários principais	US $ 1,2 milhão
Fiserv	Plataformas bancárias digitais	$850,000

Criadores de hipotecas e empréstimos

A Blue Foundry Bancorp tem parcerias com 8 empresas de originação de hipotecas e empréstimos, processando aproximadamente US $ 215 milhões em volumes de empréstimos anualmente.

Colaboradores de seguros e serviços financeiros

O banco mantém parcerias com 6 provedores de seguros e empresas de serviços financeiros, com uma carteira total de gerenciamento de riscos colaborativos, avaliada em US $ 185 milhões.

Categoria de parceiro	Número de parceiros	Valor colaborativo do portfólio
Provedores de seguros	4	US $ 125 milhões
Empresas de serviços financeiros	2	US $ 60 milhões

Blue Foundry Bancorp (BLFY) - Modelo de negócios: Atividades -chave

Serviços bancários comerciais e de varejo

No quarto trimestre 2023, a Blue Foundry Bancorp registrou ativos totais de US $ 2,1 bilhões. O banco fornece serviços bancários em Nova Jersey com 16 locais de agências de serviço completo.

Categoria de serviço bancário	Volume total (2023)
Contas de corrente pessoal	37.500 contas ativas
Contas de corrente de negócios	5.200 contas ativas
Contas de poupança	42.300 Contas totais

Empréstimos e originação hipotecária

Em 2023, a Blue Foundry originou US $ 325 milhões em empréstimos hipotecários totais.

• Portfólio de empréstimos hipotecários residenciais: US $ 275 milhões
• Empréstimos hipotecários comerciais: US $ 50 milhões
• Tamanho médio do empréstimo hipotecário: US $ 342.000

Gerenciamento de plataforma bancária digital

As plataformas bancárias digitais suportam 65.000 usuários de bancos on -line ativos em dezembro de 2023.

Métrica bancária digital	Desempenho
Usuários de aplicativos bancários móveis	48,500
Volume de transações online	1,2 milhão de transações mensais

Depósito de clientes e gerenciamento de investimentos

Os depósitos totais a partir do quarto trimestre de 2023 foram de US $ 1,85 bilhão.

• Depósitos de demanda: US $ 625 milhões
• Depósitos de poupança: US $ 875 milhões
• Depósitos de tempo: US $ 350 milhões

Gerenciamento de riscos e monitoramento de conformidade

Razões de capital regulatório em 31 de dezembro de 2023:

Índice de capital	Percentagem
Índice de capital de camada 1	12.5%
Índice de capital total	13.2%
Razão de alavancagem	9.8%

Blue Foundry Bancorp (BLFY) - Modelo de negócios: Recursos -chave

Infraestrutura de tecnologia bancária digital

Em 31 de dezembro de 2023, a Blue Foundry Bancorp mantém uma plataforma de banco digital abrangente com as seguintes especificações:

Componente de tecnologia	Especificação
Usuários bancários online	42.567 usuários ativos
Plataforma bancária móvel	iOS e Android compatíveis
Capacidade de transação digital	99,98% de tempo de atividade

Rede de filial física em Nova Jersey

A presença física do Blue Foundry Bancorp a partir de 2024:

• Total de ramos: 23 locais
• Concentração geográfica: principalmente em Nova Jersey
• Tamanho médio da ramificação: 2.500 pés quadrados

Força de trabalho financeira e de atendimento ao cliente qualificada

Métrica da força de trabalho	Data Point
Total de funcionários	327 funcionários em tempo integral
Posse média dos funcionários	6,4 anos
Funcionários com certificações financeiras avançadas	42% da força de trabalho

Fortes reservas de capital e ativos financeiros

Recursos Financeiros a partir do quarto trimestre 2023:

• Total de ativos: US $ 2,1 bilhões
• Tier 1 Capital Ratio: 12,7%
• Equidade total: US $ 185,6 milhões

Sistemas avançados de segurança cibernética

Métrica de segurança cibernética	Especificação
Investimento anual de segurança cibernética	US $ 3,2 milhões
Incidentes de violação de segurança	0 relatado em 2023
Nível de criptografia	Criptografia AES de 256 bits

Blue Foundry Bancorp (BLFY) - Modelo de negócios: proposições de valor

Experiência bancária comunitária personalizada

A partir do quarto trimestre 2023, a Blue Foundry Bancorp atende 36.872 clientes principalmente em Nova Jersey. O banco mantém 13 localizações de serviço completo nos condados de Morris, Somerset, Sussex e Warren.

Segmento de clientes	Total de clientes	Cobertura geográfica
Banco de varejo	36,872	4 condados de Nova Jersey

Taxas de juros competitivas em empréstimos e depósitos

Em 31 de dezembro de 2023, a Blue Foundry Bancorp informou:

• Taxa média de juros do empréstimo: 5,62%
• Taxa média de juros de depósito: 2,85%
• Portfólio de empréstimos totais: US $ 1,2 bilhão
• Total de depósitos: US $ 1,5 bilhão

Soluções bancárias digitais e móveis convenientes

Métrica bancária digital	2023 desempenho
Usuários bancários móveis	24,156
Transações bancárias online	1,2 milhão

Tomada de decisão local e bancos baseados em relacionamento

As decisões de empréstimos locais são tomadas dentro de 48 horas, com 92% das decisões de empréstimo processadas no nível da filial local.

Produtos financeiros personalizados para pequenas empresas e indivíduos

• Empréstimos para pequenas empresas: US $ 287 milhões no portfólio total
• Produtos de empréstimos pessoais: 7 ofertas distintas
• Empréstimos imobiliários comerciais: US $ 412 milhões
• Contas bancárias de pequenas empresas: 4.521 contas ativas

Blue Foundry Bancorp (BLFY) - Modelo de negócios: Relacionamentos do cliente

Atendimento ao cliente personalizado

A Blue Foundry Bancorp fornece serviços bancários personalizados, com foco nas necessidades individuais do cliente. No quarto trimestre 2023, o banco manteve uma equipe de atendimento ao cliente de 87 profissionais dedicados que atendem aos clientes em Nova Jersey.

Métrica de atendimento ao cliente	2023 dados
Tempo médio de resposta	12,4 minutos
Taxa de satisfação do cliente	88.6%
Equipe total de atendimento ao cliente	87 funcionários

Abordagem bancária baseada em relacionamento

A Blue Foundry Bancorp enfatiza as relações de clientes de longo prazo por meio de soluções financeiras personalizadas.

• Duração média do relacionamento do cliente: 6,3 anos
• Taxa de venda cruzada: 42,7%
• Taxa repetida do cliente: 67,3%

Plataformas bancárias de autoatendimento digital

O Banco oferece soluções bancárias digitais abrangentes com plataformas on -line e móveis robustas.

Métrica da plataforma digital	2023 Estatísticas
Usuários bancários móveis	41,500
Transações bancárias online	1,2 milhão mensalmente
Taxa de download de aplicativos móveis	22.300 novos downloads em 2023

Comunicação regular e consultoria financeira

A Blue Foundry fornece serviços proativos de comunicação financeira e consultoria aos clientes.

• Consultas de consultoria financeira: 3.750 em 2023
• Sessões trimestrais de revisão financeira: 2.200 clientes
• Points de toque de comunicação digital: 7,3 por cliente anualmente

Programas de envolvimento da comunidade e apoio local

O banco mantém fortes conexões comunitárias por meio de iniciativas de suporte local direcionadas.

Métrica de engajamento da comunidade	2023 dados
Eventos comunitários locais patrocinados	42 eventos
Investimento comunitário	US $ 1,2 milhão
Suporte local para pequenas empresas	US $ 8,5 milhões em empréstimos

Blue Foundry Bancorp (BLFY) - Modelo de negócios: Canais

Locais de ramificação física

A partir de 2024, a Blue Foundry Bancorp opera 26 locais de filiais físicas, concentradas principalmente em Nova Jersey.

Tipo de ramificação	Número de locais	Cobertura geográfica
Ramificações de serviço completo	22	Nova Jersey
Filiais de serviço limitado	4	Nova Jersey

Site bancário online

A Blue Foundry Bancorp fornece uma plataforma bancária on -line abrangente com os seguintes recursos:

• Gerenciamento de contas
• Transferências de fundos
• Serviços de pagamento da conta
• Acesso à declaração digital

Aplicativo bancário móvel

O aplicativo bancário móvel suporta:

• Depósito de cheque móvel
• Monitoramento de contas em tempo real
• Pagamentos ponto a ponto
• Recursos de controle de cartão

Métrica de aplicativo móvel	2024 dados
Downloads de aplicativos móveis totais	47,500
Usuários ativos mensais	35,200

Atendimento ao cliente Call Center

A Blue Foundry Bancorp mantém um centro de atendimento ao cliente com as seguintes métricas operacionais:

Métrica de call center	2024 Performance
Tempo médio de resposta	2,5 minutos
Volume diário de chamada	1.200 chamadas
Taxa de satisfação do cliente	88%

Rede ATM

A Blue Foundry Bancorp fornece acesso aos serviços ATM através de vários canais:

Detalhes da rede ATM	Quantidade
Caixas eletrônicos proprietários	18
Caixas eletrônicos de rede compartilhada	350+
Transações mensais de atm	95,000

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

Clientes bancários residenciais de Nova Jersey

No quarto trimestre 2023, a Blue Foundry Bancorp atende a aproximadamente 85.000 clientes bancários residenciais principalmente em Nova Jersey. A base de clientes residenciais do banco está concentrada em condados como Morris, Essex e Sussex.

Demografia demográfica do cliente	Percentagem
Proprietários de imóveis	62%
Compradores de casa pela primeira vez	18%
Refinanciando clientes	20%

Pequenas e médias empresas

A Blue Foundry Bancorp suporta aproximadamente 3.750 empresas locais pequenas e médias em Nova Jersey, com a carteira total de empréstimos comerciais avaliada em US $ 287 milhões em 31 de dezembro de 2023.

• Tamanho médio de empréstimo comercial: US $ 76.500
• Indústrias servidas: varejo, serviços profissionais, construção
• Contas bancárias de negócios: 2.900

Clientes bancários de varejo individuais

O banco atende a 72.500 clientes bancários de varejo individuais com ativos totais de depósito de US $ 1,2 bilhão em 2023.

Tipo de conta	Número de contas
Contas de verificação	45,000
Contas de poupança	27,500

Solicitantes de empréstimos pessoais e comerciais

O portfólio de empréstimos da Blue Foundry Bancorp totalizou US $ 1,58 bilhão a partir do quarto trimestre 2023, com o colapso da seguinte forma:

• Empréstimos pessoais: US $ 412 milhões
• Empréstimos imobiliários comerciais: US $ 687 milhões
• Empréstimos de hipoteca residencial: US $ 481 milhões

Clientes bancários da comunidade local

Operando em 19 locais de filiais em Nova Jersey, o Banco atende aos clientes bancários da comunidade local com um forte foco regional.

Cobertura geográfica	Número de condados
Área de serviço primário	7 condados de Nova Jersey
Locais da filial	19

Blue Foundry Bancorp (BLFY) - Modelo de negócios: estrutura de custos

Despesas de operação de ramificação

No quarto trimestre 2023, a Blue Foundry Bancorp registrou custos operacionais relacionados à filial de US $ 3,2 milhões anualmente. O banco mantém 16 localizações de agências físicas em Nova Jersey.

Categoria de despesa	Custo anual
Aluguel e utilitários	US $ 1,4 milhão
Manutenção da filial	$680,000
Segurança da filial	$420,000

Manutenção de infraestrutura de tecnologia

Os custos de infraestrutura tecnológica do Blue Foundry Bancorp em 2023 totalizaram US $ 2,5 milhões.

• Manutenção do sistema bancário principal: US $ 850.000
• Infraestrutura de segurança cibernética: US $ 620.000
• Plataforma bancária digital: US $ 530.000
• Equipe de TI e suporte: US $ 500.000

Salários e benefícios dos funcionários

A compensação total dos funcionários em 2023 foi de US $ 12,4 milhões.

Categoria de funcionários	Compensação média anual
Liderança executiva	US $ 1,2 milhão
Profissionais bancários	US $ 6,8 milhões
Equipe de apoio	US $ 4,4 milhões

Custos de conformidade regulatória

As despesas de conformidade regulatória em 2023 totalizaram US $ 1,8 milhão.

• Pessoal de conformidade: US $ 750.000
• Sistemas de relatórios regulatórios: US $ 450.000
• Auditoria e consultoria externa: US $ 600.000

Despesas de marketing e aquisição de clientes

As despesas de marketing para 2023 foram de US $ 1,1 milhão.

• Marketing digital: US $ 420.000
• Publicidade tradicional: US $ 350.000
• Campanhas de aquisição de clientes: US $ 330.000

Blue Foundry Bancorp (BLFY) - Modelo de negócios: fluxos de receita

Receita de juros de empréstimos

No terceiro trimestre de 2023, a Blue Foundry Bancorp registrou receita de juros líquidos de US $ 20,3 milhões, com a carteira total de empréstimos de US $ 1,28 bilhão.

Categoria de empréstimo	Balanço total	Receita de juros
Imóveis comerciais	US $ 562 milhões	US $ 8,7 milhões
Hipotecas residenciais	US $ 415 milhões	US $ 6,5 milhões
Empréstimos ao consumidor	US $ 303 milhões	US $ 5,1 milhões

Taxas de empréstimos hipotecários

As taxas de originação hipotecária de 2023 totalizaram US $ 1,2 milhão, com uma taxa média de 0,75% por transação hipotecária.

Taxas de manutenção de conta

• Taxas de conta correntes mensais: US $ 8 por conta
• Receita média de manutenção mensal: US $ 312.000
• Receita anual de manutenção da conta: US $ 3,74 milhões

Serviços de investimento e gerenciamento de patrimônio

Total de ativos sob gestão: US $ 245 milhões com taxas de consultoria anuais de 0,75%, gerando US $ 1,83 milhão em receita.

Taxas de transação bancária digital

Tipo de transação	Valor da taxa	Receita anual
Transações ATM	US $ 2,50 por transação	$675,000
Taxas de transferência on -line	US $ 0,50 por transferência	$215,000
Depósito de cheque móvel	Grátis 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.