Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 543

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1B
Chunk 543
---
328 
  
    Corporate debt 
     —  
     833  
     —  
     833 
  
    Total available-for-sale: 
    $—  
    $56,690  
    $—  
    $56,690 

    Nonrecurring basis: 

    Collateral dependent loans 
    $—  
    $—  
    $1,071  
    $1,071 
  
    Other Real Estate Owned 
    $—  
    $—  
    $3,000  
    $3,000 

The fair values of certain of these instruments
were calculated by discounting expected cash flows, which involves significant judgments by management and uncertainties. Fair value
is the estimated amount at which financial assets or liabilities could be exchanged in a current transaction between willing parties,
other than in a forced or liquidation sale. Because no market exists for certain of these financial instruments and because management
does not intend to sell these financial instruments, the Bank does not know whether the fair values shown represent values at which the
respective financial instruments could be sold individually or in the aggregate.

There were no transfers between levels of
the fair value hierarchy during the years ended December 31, 2024, or 2023.

The following table presents the significant
unobservable inputs used in the fair value measurements for Level 3 financial assets measured on a non-recurring basis (dollars in thousands):

Fair Value Measurement Inputs and
Valuation Techniques

    December
    31, 2024
     
    Fair
    Value

    Valuation
    Methodologies
     
    Valuation
    Model
     
    Unobservable
    Input
    Valuation

    Collateral
    Dependent Loans
    Commercial

    1,805

    Appraisal/Borrower
    Financial Statements
     
    Receivables
    Discount/Liquidation Discount
     
    0–25
    %
  
    Total
    collateral dependent loans
     
    $
    1,805

    December
    31, 2023
     
    Fair
    Value

    Valuation
    
    Methodologies
     
    Valuation
    Model
     
    Unobservable
    Input 
    Valuation

    Collateral
    Dependent Loans
    Commercial

    1,071

    Appraisal/Borrower
    Financial Statements