BSPA — what changed in the latest 10-Q
A section-by-section comparison of BSPA's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-14 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +42 | −26 | ~20 | 56 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3)
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-14
On April 1, 2026, we completed our merger with NBC Bancorp, Inc. (“NBC”), the parent company of The National Bank of Coxsackie, and its results of operations are included in the Company’s consolidated results since the date of acquisition. Therefore, the Company’s results for the second quarter and …
Comparison of Financial Condition at June 30, 2026 and December 31, 2025
Total Assets. Total assets increased $435.9 million, or 46.95%, to $1.4 billion at June 30, 2026 from $928.5 million at December 31, 2025 primarily due to the acquisition of NBC.
Cash and Cash Equivalents. Cash and cash equivalents increased $65.0 million, or 231.32%, to $93.1 million at June 30, 2026 from $28.1 million at December 31, 2025. The increase was primarily driven by cash acquired in the NBC acquisition and higher short-term investment balances.
Securities. Securities available for sale increased $48.4 million, or 72.67%, to $115.0 million at June 30, 2026 from $66.6 million at December 31, 2025, due to the acquisition of NBC. During the second quarter, BSNB repositioned the portfolio by selling approximately $50 million of available-for-sa…
Text removed vs the prior filing · source: 10-Q · 2026-05-14
Comparison of Financial Condition at March 31, 2026 and December 31, 2025
Total Assets. Total assets increased $13.1 million, or 1.41%, to $941.6 million at March 31, 2026 from $928.5 million at December 31, 2025. The increase was primarily the result of a $19.7 million increase in cash and cash equivalents, a $0.6 million increase in premises and equipment and a $0.9 mil…
Cash and Cash Equivalents. Cash and cash equivalents increased $19.7 million, or 70.11%, to $47.8 million at March 31, 2026 from $28.1 million at December 31, 2025, primarily as a result of the Company’s junior subordinated note issuance of $25.4 million, net of applicable fees, on March 25, 2026.
Securities. Total securities decreased $3.9 million, or 5.86%, to $62.7 million at March 31, 2026 from $66.6 million at December 31, 2025. The decrease was due to the Bank increasing its overall liquidity position as well as the regular principal and interest payments on Ballston Spa’s securities po…
Deposits. Deposits increased $42.5 million, or 5.55%, to $807.7 million at March 31, 2026 from $765.2 million at December 31, 2025. NOW and money market accounts increased $42.5 million, or 11.12%, to $424.8 million at March 31, 2026 from $382.3 million at December 31, 2025. Savings accounts decreas…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice