SR Bancorp, Inc. is a bank holding company whose primary operating subsidiary, Somerset Regal Bank, operates a network of full-service branches across central and northern New Jersey, serving individuals and small businesses. The bank generates revenue primarily through net interest income earned on a diversified loan portfolio—comprising residential mortgages, commercial real estate, multi-family, commercial and industrial, and consumer loans—as well as through deposit-related and loan origination fees. The bank attracts deposits from its market area through noninterest-bearing demand deposits, interest-bearing checking and savings accounts, money market accounts, and certificates of deposit, competing with commercial banks, savings banks, credit unions, and fintech companies across its geographically diverse suburban and urban markets.