Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 537

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1B
Chunk 537
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    Common Tier 1 Capital to risk  weighted assets (CET1): 
    $102,347  
     13.74% 
    $33,520  
     4.50% 
    $48,417  
     6.50%
  
    Tier 1 (Core) Capital to average assets: 
    $102,347  
     11.06% 
    $37,015  
     4% 
    $46,269  
     5%

    113

    Actual  
    Minimum Required For Capital Adequacy Purposes  
    Minimum Required To Be Well Capitalized Under Prompt Corrective Action Regulations 

    Amount  
    Ratio  
    Amount  
    Ratio  
    Amount  
    Ratio 
  
    2023 

    Total Capital to risk-weighted assets: 
    $74,142  
     14.79% 
    $40,114  
     8% 
    $50,143  
     10%
  
    Tier 1 (Core) Capital to risk weighted assets: 
    $68,032  
     13.57% 
    $30,086  
     6% 
    $40,114  
     8%
  
    Common Tier 1 Capital to risk weighted assets (CET1): 
    $68,032  
     13.57% 
    $22,564  
     4.50% 
    $32,593  
     6.50%
  
    Tier 1 (Core) Capital to average assets: 
    $68,032  
     11.66% 
    $23,347  
     4% 
    $29,184  
     5%

Note
14 – Related-Party Transactions

The Bank periodically enters into transactions
with its executive officers, directors, significant stockholders, and their affiliates (related parties). Transactions with such related
parties included (dollars in thousands):

Schedule of Related Party Transactions

    2024  
    2023 
  
    Fees and bonuses paid to directors during the period 
    $245  
    $270 
  
    Deposits from related parties held by the bank at the end of period 
     2,905  
     2,607 
  
    Loans to related parties 
     63