Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 92

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1
Chunk 92
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8,983  
     4.46% 
     120,367  
     4,261  
     3.54%
  
    Total interest-bearing deposits 
     525,484  
     19,016  
     3.63% 
     380,605  
     11,139  
     2.93%
  
    FRB and FHLB advances 
     23,355  
     999  
     4.29% 
     15,179  
     756  
     4.98%
  
    Subordinated debt, net of issue costs 
     27,147  
     1,472  
     5.44% 
     24,568  
     1,054  
     4.29%
  
    Total interest-bearing liabilities 
     575,985  
    $21,487  
     3.74% 
     420,352  
    $12,949  
     3.08%
  
    Noninterest-bearing deposits 
     187,757  

     89,165  

    Other liabilities 
     10,352  

     8,139  

    Shareholders’ equity 
     80,687  

     62,140  

    Total liabilities and stockholders’ equity 
    $854,782  

    $579,796  

    Net interest income 
        
    $29,298  

    $15,175  

    Net interest spread 
        
     2.59% 

     2.03% 

    Net interest margin 
        
     3.65% 

     2.76% 

    (1)
    Includes
    nonaccrual loans.
  
    (2)
    Accretion
    and amortization of the fair value marks from the CBOA Merger are included in this column.

Rate-Volume
Analysis

The table below presents
the effect of volume and rate changes on interest income and expense. Changes in volume are based on the current period’s average
balance multiplied by the previous period’s average rate. Changes in rate are based on the current period’s average rate
multiplied by the average balance from the previous period. The net changes attributable to the combined impact of both rate and volume
have been allocated