Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 481

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1B
Chunk 481
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000 
  
    Subordinated debt, net of issuance costs 
     23,149  
     24,595 
  
    Subordinated debentures, trust preferred securities 
     4,203  
     — 
  
    Escrows 
     141  
     168 
  
    Operating lease liabilities 
     4,619  
     2,011 
  
    Accrued interest and other liabilities 
     6,901  
     4,771 
  
    Total liabilities 
     831,580  
     520,544 

    STOCKHOLDERS’ EQUITY 

    Common stock, $0.01 par value Authorized: 100,000,000 shares, including 1,100,000 shares of non-voting common stock 

    Voting common stock, $0.01 par value Issued and outstanding: 6,665,415 and 3,873,895 on December 31, 2024, and December 31, 2023,
    respectively 
     67  
     39 
  
    Non-voting common stock, $0.01 par value Issued and outstanding: 820,115 on December 31, 2024, and December 31, 2023 
     8  
     8 
  
    Additional paid-in capital 
     67,315  
     43,279 
  
    Retained earnings 
     25,990  
     24,301 
  
    Accumulated other comprehensive loss 
     (5,578) 
     (5,560)
  
    Unearned Employee Stock Ownership Plan (ESOP) shares 
     (1,287) 
     (1,346)
  
    Total stockholders’ equity 
     86,515  
     60,721 

    Total liabilities and stockholders’ equity 
    $918,095  
    $581,265 

The
accompanying notes are an integral part of the consolidated financial statements.

82

Consolidated
Statements of Income (Loss) 

(Dollars
in Thousands, Except Per Share Data)

For
years ended December 31, 2024, and 2023

    Year Ended 

    December 31, 

    2024  
    2023 
  
    Interest and dividend income: 

    Interest and fees on loans