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CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY
The condensed financial statements of Blue Foundry Bancorp (parent company only) are presented below:
Condensed Balance Sheets
December 31, 2025December 31, 2024
(In thousands)
Assets:
Cash and cash equivalents$23,304 $41,297 
Investment in banking subsidiary269,659 270,904 
ESOP loan receivable19,256 19,932 
Other investments520 226 
Other assets284 446 
Total Assets$313,023 $332,805 
Liabilities and Stockholders’ Equity:
Total liabilities$282 $607 
Total stockholders’ equity312,741 332,198 
Total Liabilities and Stockholders’ Equity$313,023 $332,805 
Condensed Statements of Comprehensive Loss
Year Ended December 31,
20252024
(In thousands)
Income:
Interest on ESOP loan receivable$648 $669 
Total income648 669 
Expenses:
Other expenses4,511 3,411 
Total expenses4,511 3,411 
Loss before income tax benefit(3,863)(2,742)
Income tax benefit— — 
Loss before undistributed earnings of subsidiary(3,863)(2,742)
Equity in undistributed earnings of banking subsidiary(6,162)(9,169)
Net loss$(10,025)$(11,911)
Comprehensive loss:
Net loss$$(10,025)$(11,911)
Other comprehensive income 2,883 3,926 
Comprehensive loss$$(7,142)$(7,985)
Condensed Statements of Cash Flows
Year Ended December 31,
20252024
(In thousands)
Cash flows from operating activities:
Net loss$$(10,025)$(11,911)
Adjustments to reconcile net loss to net cash provided by operating activities:
Equity in undistributed earnings of subsidiary6,162 9,169 
ESOP and stock-based compensation expense1,291 1,327 
Decrease in other assets93 63 
Decrease in other liabilities(383)(290)
Net cash used by operating activities(2,862)(1,642)
Cash flows from investing activities:
Purchase of other investments(225)(150)
Repayment of ESOP loan676 656 
Net cash provided by investing activities451 506 
Cash flows from financing activities:
Issuance of common stock667 498 
Purchase of treasury stock(16,270)(19,423)
Proceeds from exercised options21 — 
Net cash used in financing activities(15,582)(18,925)
Net decrease in cash and cash equivalents(17,993)(20,061)
Cash and cash equivalents at beginning of year41,297 61,358 
Cash and cash equivalents at end of year$$23,304 $41,297