Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 471

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1B
Chunk 471
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,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%

    December 31, 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%

74

We are a party to financial
instruments with off-balance sheet risk in the normal course of business to meet the financing needs of our customers. These financial
instruments include commitments to extend credit and unused lines of credit. Those instruments involve, to varying degrees, elements
of credit and interest rate risk in excess of the amount recognized in the consolidated statements of financial condition. The contractual
or notional amounts of those instruments reflect the extent of involvement we have in particular classes of financial instruments.

Commitments to extend
credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments
generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are
expected to expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. We
evaluate each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by