Dear Valued Ridgewood Savings Bank Customers and Neighbors,
February 26, 2026
It is once again my pleasure to share this annual update on Ridgewood Savings Bank’s performance over the past year, and our continued commitment to future success.
In previous reports, I’ve highlighted the Bank’s strong foundation and proven track record of delivering results. The past year reaffirmed those sentiments. As market conditions largely stabilized in 2025, Ridgewood Savings Bank achieved another year of remarkable performance. The hard work and dedication of our employees and the loyalty of our customers remain the cornerstones of the Bank’s strong foundation and the drivers of the 2025 accomplishments noted in this report.
The Bank ended 2025 with the highest level of deposits, loans and regulatory capital in its nearly 105-year history. As we begin 2026, total assets stand just below $7.5 billion and are on track to surpass that milestone in the year ahead.
Our retail branches, digital banking network and small business channels worked together to achieve record deposit levels. We also continued to lend responsibly across residential and commercial real estate portfolios, with both portfolios reaching new highs in 2025.
As a community bank, we remain committed to serving all segments of our neighborhoods. In 2025, we continued to originate residential loans for local, low-to-moderate income borrowers, commercial real estate loans secured by multifamily and non-residential properties throughout our communities, and Small Business Administration loans that supported nearby businesses. Throughout the year, we also maintained strong liquidity and sound credit quality across all loan portfolios.
Customer feedback continues to guide us. In 2025, ratings from customers who transacted in our branches and/or utilized our mobile banking app averaged 4.9 out of 5. We remain both proud of, and humbled by, these reviews. We firmly believe customer input is invaluable as we strive each day to improve our service quality.
We were honored to receive industry recognition again in 2025. Newsweek named us one of “America’s Best Regional Banks” for the second consecutive year and separately included us in its list of “Greatest Midsize Workplaces.” Bankrate also recognized us for a second consecutive year as a “Best Regional Bank.” These accolades reflect the dedication of our employees and the trust of our customers that I spoke of earlier.
Financial education remains central to our community bank mission. Along with numerous in-person workshops we regularly lead, and the Ridgewood Financial Academy available 24/7 on our website, we recently launched the Business Financial Literacy Resource Center for entrepreneurs and small business owners.
This new platform offers short, easy-to-follow videos on topics such as cash flow management, credit, budgeting, fraud prevention and long-term growth planning.
As we look ahead to 2026, our focus remains clear: delivering trusted guidance, expanding financial education, supporting small businesses, and investing in the tools and services you rely on every day. For more than 100 years, Ridgewood Savings Bank has been your neighbor, your bank and your partner – and you can continue to “Count on Us” in the future.
On behalf of the Board of Trustees and employees, thank you for your trust and loyalty. We invite you to stay connected with us, and to encourage family and friends to experience all we have to offer – to see “all that is truly possible” for them by partnering with Ridgewood Savings Bank.
Sincerely,
Leonard Stekol
Chairman, President & CEO
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