Ballston Spa Bancorp, Inc. (BSPA)

Ballston Spa Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	37.84	35.48	29.65	22.48	21.18	21.26
Interest Income on Investments	4.4	4.42	4.59	3.13	1.73	1.83
Total Interest Income	42.24	39.9	34.24	25.61	22.91	23.09
Interest Paid on Deposits	13.12	12.59	8.19	1.69	0.86	1.82
Interest Paid on Borrowings	3.88	3.57	2.66	1.02	1.06	1.15
Total Interest Expense	17	16.16	10.85	2.71	1.92	2.97
Net Interest Income	25.24	23.74	23.38	22.9	20.99	20.12
Net Interest Income Growth (YoY)	6.14%	1.51%	2.10%	9.11%	4.32%	9.56%
Trust Income	1.49	1.48	1.24	1.1	1.19	0.94
Gain (Loss) on Sale of Assets	-0.01	-	-	-	0.49	-
Gain (Loss) on Sale of Investments	-	-	-1.36	-1.13	-	-
Other Non-Interest Income	1.8	1.82	1.42	2.03	1.81	1.23
Total Non-Interest Income	4.1	4	1.91	2.67	4.47	4.28
Non-Interest Income Growth (YoY)	111.55%	109.63%	-28.52%	-40.24%	4.41%	33.19%
Revenues Before Loan Losses	29.34	27.74	25.29	25.58	25.46	24.4
Provision for Loan Losses	0.6	0.6	0.48	0.36	0.76	1.17
Revenue	28.74	27.14	24.81	25.22	24.71	23.24
Revenue Growth (YoY)	14.43%	9.38%	-1.59%	2.06%	6.32%	11.41%
Salaries and Employee Benefits	13.74	12.79	11.94	10.71	11.36	10.99
Occupancy Expenses	2.38	2.01	1.9	1.8	1.71	1.77
Federal Deposit Insurance	0.75	0.79	0.73	0.52	0.52	0.41
Selling, General & Administrative	2.86	2.54	2.32	2.34	1.92	1.88
Other Non-Interest Expense	2.99	2.69	2.67	2.65	2.53	2.19
Total Non-Interest Expense	22.72	20.82	19.57	18.01	18.04	17.25
EBT Excluding Unusual Items	6.02	6.32	5.25	7.2	6.67	5.98
Pretax Income	6.02	6.32	5.25	7.2	6.67	5.98
Income Tax Expense	1.11	1.19	0.84	1.11	1.51	1
Net Income	4.91	5.13	4.41	6.09	5.15	4.99
Net Income to Common	4.91	5.13	4.41	6.09	5.15	4.99
Net Income Growth	15.01%	16.46%	-27.70%	18.22%	3.31%	27.76%
Basic Shares Outstanding	1	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1	1
EPS (Basic)	6.61	6.91	5.93	8.20	6.94	6.72
EPS (Diluted)	6.61	6.91	5.93	8.20	6.94	6.72
EPS Growth	15.06%	16.46%	-27.70%	18.22%	3.31%	27.76%
Dividend Per Share	1.320	1.320	1.320	1.320	1.320	1.320
Effective Tax Rate	18.46%	18.86%	16.01%	15.39%	22.71%	16.63%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.