BCB Bancorp, Inc.

Company overview

• Type: New Jersey corporation; holding company for BCB Community Bank
• Established: 2003
• Primary business: FDIC-insured banking and related financial services through its bank subsidiary
• Executive office: 104-110 Avenue C, Bayonne, NJ 07002
• Website: www.bcb.bank
• Recent financing activity: March 15, 2025 private placement of 52 shares of Series K 6.0% Noncumulative Perpetual Stock for gross proceeds of $520,000

Branch network and facilities

• Total branches: 27 (as of Dec 31, 2025)
  • 23 branches in New Jersey (including Bayonne, Edison, Hoboken, Fairfield, Holmdel, Jersey City, Lyndhurst, Maplewood, Monroe Township, Newark, Parsippany, Plainsboro, River Edge, Rutherford, South Orange, Union, Woodbridge, and others listed in the filing)
  • 3 branches in Staten Island, New York
  • 1 branch in Hicksville, New York
• Executive office: 104-110 Avenue C, Bayonne, NJ
• Administrative office: 591-595 Avenue C, Bayonne, NJ
• Net premises and equipment (Dec 31, 2025): $12.1 million

Employees (Human capital)

• Total employees: 329 (as of Dec 31, 2025)
  • 295 full-time
  • 34 part-time
• Gender mix: ~61% female, ~39% male
• Average tenure: 7.03 years
• Compensation and benefits: base wages, bonus opportunities, 401(k) plan, health and welfare benefits
• Equity awards: some employees receive grants of the company’s stock

Business operations and services

• Primary activities: Community-oriented financial institution offering FDIC-insured deposits, consumer and commercial loans, and related banking services
• Deposit insurance and membership: FDIC-insured; member of the Federal Home Loan Bank (FHLB) System
• Lending focus: Emphasis on real estate-related lending, including:
  • Commercial and multi-family real estate loans (including cannabis-related loans)
  • One- to four-family residential mortgage loans
  • Commercial business loans (lines of credit and term loans)
  • Construction loans
  • Home equity loans and lines of credit
  • Consumer loans
• Other services: wire transfers, money orders, safe deposit boxes, night depository, debit cards, online/mobile banking, fraud detection, and ATM services
• Strategic emphasis: community focus, profitability, balance sheet strength, asset quality, and growth through real estate-based lending; draws on local market knowledge and experienced staff

Financial highlights (as of December 31, 2025)

• Balance sheet
  • Total assets: $3.279 billion
  • Total deposits: $2.674 billion
  • Stockholders’ equity: $304.3 million
• Income and profitability
  • Net interest income: $93.0 million (2025); $92.0 million (2024)
  • Gain/fee income from loan sales in 2025: approximately $29,000 from secondary market sale of loans
• Loans and credit
  • Total loans outstanding: $2.7265 billion
  • Loan composition highlights:
    • Commercial and multi-family real estate among the largest segments, including $69.3 million in cannabis-related loans (loan loss reserve $1.477 million)
    • Commercial business loans: $168.5 million outstanding
    • Residential one-to-four family loans included in the mix
  • Largest nonaccrual exposure: $16.1 million commercial real estate loan
  • Nonaccrual loans total: $63.3 million (2.32% of total loans)
  • Allowance for credit losses: $33.691 million (1.24% of total loans)
  • Net charge-offs:
    • 2025: $43.109 million
    • 2024: $10.389 million
    • 2023: $0.704 million
  • Classified and underperforming assets: $188.9 million in classified assets; $170.6 million of loans classified as special mention
• Investments and liquidity
  • Securities available-for-sale (debt securities): $126.395 million
  • Equity investments: $9.2 million
  • Unrealized loss on debt securities (available-for-sale/HTM): $3.3 million pre-tax
  • Mortgage-backed securities used for liquidity, collateral, and GUDPA
• Funding and deposits (Dec 31, 2025)
  • Non-interest bearing: $531.140 million
  • Interest-bearing checking: $501.172 million
  • Savings and club accounts: $243.670 million
  • Money market: $426.138 million
  • Certificates of deposit: $971.453 million
  • Total deposits: $2,673.573 million
  • Average rate on deposits: 2.82%
  • Brokered deposits: $80.5 million
  • CDARS reciprocal deposits: $39.0 million; Insured Cash Sweep (ICS) deposits: $30.1 million
• Borrowings
  • Overnight borrowings: none outstanding at year-end 2025
  • Average overnight borrowings during 2025: $87 thousand
  • Maximum outstanding monthly borrowings: $30.0 million
  • Weighted average interest rate on overnight borrowings: 0% at year-end; average rate during year: 4.66%
• Loans and commitments
  • Outstanding loan origination commitments: $33.1 million
  • Standby letters of credit: $1.4 million
  • Undisbursed construction funds: $6.9 million
  • Undisbursed lines of credit: $144.6 million

Market and risk context

• Concentration risk: high concentration in commercial real estate and multi-family lending, including cannabis-related exposure within CRE
• Interest rate risk: net interest income sensitive to rate changes; unrealized security losses tied to rate increases; no held-to-maturity investments at year-end
• Regulation: subject to FDIC, Federal Reserve, and New Jersey banking regulations; operates under capital and liquidity rules (including options to follow the CBLR framework)
• Cybersecurity and operations: implements layered security controls, third-party risk management, and annual risk assessments; ongoing enhancements to IT controls
• Community focus: emphasis on local relationships, community involvement, and deposit funding

Notable risk disclosures

• Potential for future loan impairments, regulatory changes, and market risk that could affect earnings
• Risks related to cannabis banking due to federal illegality and evolving regulations
• Dependence on net interest income and limited fee-based revenue as a potential constraint on earnings

Key takeaway

BCB Bancorp, Inc. is the holding company for BCB Community Bank, a New Jersey-chartered, FDIC-insured community bank with a large CRE/multi-family loan portfolio that includes cannabis-related lending. The bank operates a broad branch network in New Jersey and parts of New York, reported total assets of $3.279 billion and deposits of $2.674 billion at year-end 2025, net interest income around $93 million in 2025, total loans of about $2.73 billion, and employs 329 people.