Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 157

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1
Chunk 157
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 cost and estimated fair value of the debt
securities portfolio are shown by contractual maturity dates (dollars in thousands).

Schedule of Amortized
Cost and Fair Value of Investment Securities 

    Amortized Cost  
    Fair Value  
    Average Yield 
  
    Available-for-sale 

    Due in one year or less 
    $468  
    $464  
     2.05%
  
    Due from one to five years 
     15,995  
     14,696  
     2.08%
  
    Due from five to ten years 
     9,257  
     7,896  
     2.20%
  
    Due after ten years 
     10,797  
     10,746  
     5.64%
  
    Mortgage-backed securities 
     49,933  
     44,859  
     3.16%
  
    Total 
    $86,450  
    $78,661  
     3.16%

    Amortized Cost  
    Fair Value  
    Average Yield 
  
    Held-to-maturity 

    Due in one year or less 
    $—  
    $—  
     — 
  
    Due from one to five years 
     —  
     —  
     — 
  
    Due from five to ten years 
     5,766  
     5,299  
     4.32%
  
    Due after ten years 
     —  
     —  
     — 
  
    Total 
    $5,766  
    $5,299  
     4.32%

The Company had no investment in
securities of issuers outside of the United States as of December 31, 2024, or 2023 and no single investments that exceed 10% of equity.

    100

Allowance
for Credit Losses for HTM Securities

Management measures expected credit losses
on held-to-maturity debt securities on a collective basis by major security type. The held-to-maturity investment portfolio consists
solely of bank holding company subordinated debt. Accrued interest receivable on held-to-maturity debt securities totaled $56,000 at
December 31, 2024, and is excluded from the estimate of credit losses. Refer to Note 1 – Nature of Operations and