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STLE on OTC

STEELE BANCORP INC

STEELE BANCORP INC is a state commercial bank, listed on OTC (STLE).1 It is headquartered in Mifflinburg, Pennsylvania.1

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Last updated Oct 21, 2026.

Overview

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  • TickerSTLE on OTC1
  • IndustryState Commercial Banks1
  • HeadquartersMifflinburg, Pennsylvania1
  • Business address250 E. Chestnut Street, Mifflinburg, Pa 178442
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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On September 24, 2024, as amended on December 4, 2024, Mifflinburg Bancorp, Inc. (“Mifflinburg”) and Northumberland Bancorp (“NUBC”) jointly announced the signing of a definitive merger agreement to combine the two companies in a strategic merger of equals. Effective August 1, 2025, the merger was completed. Under the terms of the Merger Agreement, (i) Northumberland merged with and into Mifflinburg, with Mifflinburg being the surviving entity, and (ii) The Northumberland National Bank merged with and into Mifflinburg’s wholly-owned banking subsidiary, Mifflinburg Bank & Trust Company (“Mifflinburg Bank”), with Mifflinburg Bank being the surviving bank (the “Mergers”). In connection with the Mergers, Mifflinburg changed its name to Steele Bancorp, Inc. (“Steele” or the "Company") and Mifflinburg Bank changed its name to Central Penn Bank & Trust (“Central Penn” or the "Bank") (collective…3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Credit and Debit Card brought in 36% of the revenue STEELE BANCORP INC broke down this way in fiscal 2025.

  1. Credit and Debit Card$1.2M436%up 56% from 2024
  2. Deposit Account$763.0K423%up 69% from 2024
  3. Trust and Investment$695.0K421%up 737% from 2024
  4. Mortgage Banking$632.0K419%up 153% from 2024
Products and services by year
Products and services20242025
Credit and Debit Card$762.0K$1.2M
Deposit Account$451.0K$763.0K
Trust and Investment$83.0K$695.0K
Mortgage Banking$250.0K$632.0K

Financial statements

Net income4$22.9M in 2025+411% since 2024
0$10.0M$20.0M$30.0M2024: $4.5M$4.5M20242025: $22.9M$22.9M2025+411%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Interest and fees on loans$40.3M$22.4M
Interest-bearing deposits in banks and time deposits$876.0K$546.0K
Federal funds sold$124.0K$240.0K
Taxable$3.7M$2.0M
Tax-exempt$1.7M$1.2M
Dividends$367.0K$196.0K
Total Interest and Dividend Income$47.0M$26.5M
Deposits$13.8M$8.7M
Federal Home Loan Bank advances$1.1M$708.0K
Total Interest Expense$15.2M$9.8M
Net Interest Income$31.8M$16.7M
Provision for credit losses$5.2M$680.0K
Net Interest Income after provision for credit losses$26.7M$16.0M
Gain on sale of premises$43.0K$0
Loss on sale of securities-$8.0K$0
Gain on sale of other real estate owned$34.0K$0
Net marketable equity security gains (losses)$151.0K-$55.0K
Earnings on bank owned life insurance$419.0K$257.0K
Bargain purchase gain$18.3M$0
Other$436.0K$222.0K
Total Noninterest Income$22.7M$2.0M
Salaries and employee benefits$11.2M$7.5M
Net occupancy and equipment expense$1.7M$1.2M
Amortization of core deposit intangible$1.1M$0
Data processing fees$1.1M$698.0K
Pennsylvania shares tax$440.0K$450.0K
Professional fees$315.0K$202.0K
Advertising expense$221.0K$122.0K
FDIC deposit insurance$430.0K$259.0K
Merger-related expenses$5.5M$537.0K
Other$3.6M$1.7M
Total Noninterest Expense$25.7M$12.6M
Income Before Income Taxes$23.6M$5.4M
Income Taxes$760.0K$894.0K
Net Income$22.9M$4.5M
Earnings Per Share - Basic and Diluted (in dollars per share)$9.15$2.41

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Corporate structure

STEELE BANCORP INC sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of STEELE BANCORP INC

  • John Donald Steele Jr. Filed SCHEDULE 13D on STEELE BANCORP INC, latest Apr 30, 2026
  • STEELE BANCORP INC Mifflinburg, Pennsylvania

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What STEELE BANCORP INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$27.5M4 Dec 31, 2025$17.2M4 Dec 31, 2024+60.0%
Accumulated depreciation$9.6M4 Dec 31, 2025$8.9M4 Dec 31, 2024+7.2%
Property and equipment, net$17.9M4 Dec 31, 2025$8.3M4 Dec 31, 2024+117.3%
Operating-lease assets (leased space)$1.1M4 Dec 31, 2025

Investments

ItemLatestA year beforeChange
Loans, net of allowance$908.3M4 Dec 31, 2025$432.0M4 Dec 31, 2024+110.3%
Deposits held (banks)$1.1B4 Dec 31, 2025$489.5M4 Dec 31, 2024+126.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, net$13.6M4 Dec 31, 2025$04 Dec 31, 2024

Properties, in its own words

The Bank occupies thirteen branch properties in Centre, Northumberland, Snyder, and Union Counties in Pennsylvania, which are used principally as banking offices. As of December 31, 2025, the Company and the Bank owned twelve of such properties and leased one such property.

We consider our facilities to be suitable and adequate for our current and immediate future purposes.

Item 2 of the 10-K filed Mar 30, 2026.3

Leadership

Who has led STEELE BANCORP INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jeffrey Joseph Kapsar2026–now

President

  1. Jeffrey Joseph Kapsar2026–now

Chief financial officer

  1. Thomas Clark Graver Jr.2026–now

Chief operating officer

  1. Thomas Leon Eberhart2026–now
Board members and other officers (11)

Former names

  • MIFFLINBURG BANCORP INCSep 25, 2024 to Jul 18, 20252

Timeline

  1. Sep 23, 20268-K Shareholder vote19
  2. Aug 28, 20268-K Executive or director change20
  3. Jul 17, 20268-K Results of operations21
  4. May 21, 20268-K Other events22
  5. May 12, 20268-K Shareholder vote; Regulation FD disclosure23
  6. Apr 30, 2026New chief executive Jeffrey Joseph Kapsar becomes CEO7
  7. Apr 20, 20268-K Results of operations24
  8. Feb 3, 20268-K Results of operations25
  9. Nov 21, 20258-K Other events26
  10. Nov 7, 20258-K Results of operations27
  11. Oct 10, 20258-K Financial statements and exhibits28
  12. Sep 29, 20258-K Regulation FD disclosure29
  13. Aug 1, 20258-K Completed an acquisition or sale; Executive or director change; Bylaws or fiscal year changed30

Calendar

When it reported results

  1. Jul 17, 2026Reported quarterly or annual results21
  2. Apr 20, 2026Reported quarterly or annual results24
  3. Feb 3, 2026Reported quarterly or annual results25
  4. Nov 7, 2025Reported quarterly or annual results27
  5. Jul 18, 2025Reported quarterly or annual results31
  6. Apr 23, 2025Reported quarterly or annual results32

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

66 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 21 major events, 14 insider forms, 1 large holders, 21 other. The latest 20:

  1. Sep 23, 20268-K/A EDGAR
  2. Aug 28, 20268-K EDGAR
  3. Aug 12, 202610-Q EDGAR
  4. Jul 17, 20268-K EDGAR
  5. May 21, 20268-K EDGAR
  6. May 14, 202610-Q EDGAR
  7. May 12, 20268-K EDGAR
  8. May 11, 202610-K/A EDGAR
  9. May 6, 202610-Q/A EDGAR
  10. May 6, 202610-Q/A EDGAR
  11. Apr 30, 2026SCHEDULE 13D EDGAR
  12. Apr 30, 20263 EDGAR
  13. Apr 30, 20263 EDGAR
  14. Apr 30, 20263 EDGAR
  15. Apr 30, 20263 EDGAR
  16. Apr 30, 20263 EDGAR
  17. Apr 30, 20263 EDGAR
  18. Apr 30, 20263 EDGAR
  19. Apr 30, 20263 EDGAR
  20. Apr 30, 20263 EDGAR

The 66 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • John Donald Steele Jr.SCHEDULE 13D, 1 filing Apr 30, 202633

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025President and ChiefExecutive Officer$327.3K$519.5K34
2025Corporate Secretary$114.1K$509.3K34
2025Senior Executive VicePresident and Chief Financial Officer$230.6K$317.0K34
2024President and ChiefExecutive Officer$284.0K$460.4K34
2024Senior Executive VicePresident and Chief Financial Officer$197.0K$278.7K34

SEC filer profile

How STEELE BANCORP INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSTEELE BANCORP INC1
  • CIK0000779227
  • Employer ID (EIN)23-23628743
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inPennsylvania3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address250 E. Chestnut Street, Mifflinburg, PA 178441
  • Phone57096610411
  • Shares outstanding3,405,061 as of Aug 12, 20266
  • Public float$48.5M as of Jun 30, 20253
  • AuditorYount, Hyde & Barbour, P.C., Winchester, Virginia PCAOB ID 613; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceSep 25, 20241
  • Filings66 in all: 8-K (19), 3 (14), 425 (6), 10-Q (5), CORRESP (3), 10-Q/A (2), 8-K/A (2), EFFECT (2)1
    All 19 form types

    S-4/A (2), UPLOAD (2), 10-K (1), 10-K/A (1), 424B3 (1), 8-A12G (1), DEF 14A (1), POS AM (1), S-4 (1), SCHEDULE 13D (1), SP 15D2 (1)

  • Latest filingsAnnual report (10-K) Mar 30, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) Mar 30, 2026
    Latest 8-K (8-K) Aug 28, 2026

Risk factors and legal proceedings

The risks STEELE BANCORP INC names in Item 1A of its 10-K filed Mar 30, 2026: 40 risks under these headings, as written.3

  • Risks Relating to the Financial Services Industry
  • Events impacting the financial services industry may adversely affect the business of the Company and the market price of its common stock.
  • Risks Relating to the Company’s Business
  • Changes in economic conditions, in particular an economic slowdown in central Pennsylvania, could materially and negatively affect the Company’s business.
  • The small- and medium-sized business target market may have fewer financial resources to weather a downturn in the economy.
  • Competition with other financial institutions may have an adverse effect on the Company’s ability to retain and grow its client base, which could have a negative effect on its financial condition or results of operations.
  • Liquidity needs could adversely affect the Company’s financial condition and results of operation.
  • Changes in prevailing interest rates may reduce the Company’s profitability.
  • The Company may not be able to adequately anticipate and respond to changes in market interest rates.
  • Significant increases in interest rates may affect customer loan demand and payment habits.
  • If the Company’s loan growth exceeds that of its deposit growth, then the Bank may be required to obtain higher cost sources of funds.
  • The Company’s decisions regarding allowance for credit losses and credit risk may materially and adversely affect its business.
The other 30 risks
  • The Company may have higher credit losses than it has allowed for in its allowance for credit losses.
  • Our reliance upon the accuracy and completeness of information about customers and counterparties could adversely affect our financial condition and results of operations.
  • Adverse changes in the market value of securities and investments that we manage for others may negatively impact the growth level of the Company’s non-interest income.
  • The Bank’s branch locations may be negatively affected by changes in demographics.
  • The Company is subject to extensive government regulation and supervision that could interfere with its ability to conduct its business and may negatively impact its financial results, restrict its activities, have an adverse impact on its operations, and impose financial requirements or limitations on the conduct of its business.
  • The Company faces a risk of noncompliance and enforcement action with the Bank Secrecy Act and other anti-money laundering statutes and regulations.
  • Regulations relating to privacy, information security and data protection could increase the Company’s costs, affect or limit how it collects and uses personal information and adversely affect its business opportunities.
  • The Company’s use of third-party vendors and other ongoing third-party business relationships are subject to increasing regulatory requirements and attention.
  • Technological advances impact the Company’s business.
  • The Company's information systems may experience an interruption or breach in security.
  • The Company’s controls and procedures may fail or be circumvented.
  • Negative public opinion surrounding the Company and the financial institutions industry generally could damage its reputation and adversely impact its earnings.
  • The Company relies heavily on its senior management team, and the unexpected loss of any of those personnel could adversely affect its operations.
  • The success of the Company’s strategy depends on its ability to identify and retain individuals with experience and relationships in its markets.
  • Higher FDIC deposit insurance premiums and assessments could adversely impact the Company’s financial condition.
  • The Company is a holding company dependent for liquidity on payments from the Bank, our major subsidiary, which are subject to restrictions.
  • Commercial real estate loans may increase the Company’s exposure to credit risk.
  • Repayment of commercial business loans is often dependent on the cashflows of the borrower, which may be unpredictable, and the collateral securing these loans may fluctuate in value.
  • The Company is limited in the amount it can lend to one borrower.
  • The Federal Reserve may require the Company to commit capital resources to support the Bank.
  • The Company may be subject to more stringent capital requirements in the future.
  • The use of estimates and valuations in the preparation of the Company’s consolidated financial statements requires the exercise of judgment, and may be different from actual results, which could have a material adverse effect on the Company’s consolidated financial statements.
  • Credit losses related to investment securities, impairment charges related to goodwill, other intangible assets, or deferred tax assets could require charges to earnings, which could result in a negative impact on our results of operations.
  • If we want to, or are compelled to, raise additional capital in the future, that capital may not be available when it is needed and on terms favorable to current shareholders.
  • The Company may be adversely affected by the soundness of other financial institutions.
  • The Federal Home Loan Bank of Pittsburgh’s financial condition could deteriorate.
  • There is a risk that the Company may not experience the projected benefits of its recent merger.
  • Risks Related to an Investment in the Company’s Common Stock
  • There is a limited trading market in the Company common stock, which will hinder the ability of stockholders to sell the Company’s common stock and may lower the market price of the stock.
  • The Company can provide no assurance regarding whether, and if so when, it will make dividend payments in the future.
  • The Company common stock is not FDIC insured and may lose value.

Legal proceedings

The Company and the Bank are involved in various legal proceedings incidental to their business. Management believes that any such legal proceedings will not have a material adverse effect upon the Company’s financial condition or results of operations.

The opening of Item 3, Legal Proceedings.3

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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