SIBC Profile
State Investors Bancorp, Inc. (SIBC) is a bank holding company that operates through its subsidiary State-Investors Bank, which is a federally chartered savings bank. The company's banking services include accepting deposits, making loans, and providing other financial services to individual and business customers. The bank offers a range of loan products, including commercial real estate, multi-family, and residential mortgage loans. SIBC operates through its branch offices in the United States.
As of September 30, 2021, SIBC had total assets of approximately $447.2 million, total deposits of approximately $359.9 million, and total loans of approximately $248.2 million. The company reported net income of approximately $1.8 million for the nine months ended September 30, 2021.
SIBC primarily serves customers in the Greater New York Metropolitan Area, including northern New Jersey and southern Connecticut. The company's primary focus is on developing long-term relationships with its customers and providing them with personalized service. SIBC aims to maintain a strong balance sheet and profitable operations through prudent lending practices and disciplined expense management.
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