Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 836

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 2
Chunk 836
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 Multifamily 
     709  
     709  
     — 

    Total 
    $3,693  
    $4,703  
    $— 

    As of December 31, 2023 

    Non-accrual loans with no ACL  
    Total non-accrual loans  
    Loans past due  over 89 days and  still accruing 
  
    1-4 Family residential real estate 
    $66  
    $66  
    $— 
  
    Commercial 
     847  
     1,208  
     — 
  
    Consumer and other 
     —  
     —  
     — 
  
    Construction 
     —  
     —  
     — 
  
    NOO CRE 
     —  
     —  
     — 
  
    OO CRE 
     —  
     —  
     — 
  
    Multifamily 
     970  
     970  
     — 

    Total 
    $1,883  
    $2,244  
    $— 

Non-accrual loan balances guaranteed by
the SBA are $1,999,000, or 42.5%, and $589,000, or 26.3%, of the nonaccrual loan balances at December 31, 2024, and December
31, 2023, respectively.

Collateral
dependent loans – Non-accrual loans are classified as collateral dependent loans and are
individually evaluated. The following presents the amortized cost basis of collateral-dependent loans, which are individually evaluated
to determine expected credit losses by class of loans as of the date noted (dollars in thousands):

Schedule
of Collateral Dependent Loans

    As of December 31, 2024 Collateral Dependent Loans 

    Secured by  
    Secured by  

    Real Estate  
    Other  
    Total 
  
    1-4 Family residential real estate 
    $149  
    $—  
    $149 
  
    Commercial 
     —  
     2,726  
     2,726 
  
    Consumer and other 
     —  
     —  
     — 
  
    Construction 
     —