Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 515

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1B
Chunk 515
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-for-sale securities is not necessary, as the decline in fair value is not indicative of credit losses. Management will continue
to monitor the fair value of these available-for-sale securities and reassess the need for an allowance for credit losses if circumstances
change.

Certain information concerning the sale
of debt securities available-for-sale for the years ended December 31, 2024, and 2023, was as follows (dollars in thousands):

Schedule of Information regarding Sale of Debt Securities Available-for-Sale 

    Years ended 

    December 31, 2024  
    December 31, 2023 
  
    Proceeds from sale 
    $54,085  
    $— 
  
    Gross realized gains 
    $—  
    $— 
  
    Gross realized losses 
    $—  
    $— 

Expected maturities will differ from contractual
maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities
not due at a single maturity date are shown separately.

As of December 31, 2024, the amortized cost and estimated fair value of the debt
securities portfolio are shown by contractual maturity dates (dollars in thousands).

Schedule of Amortized
Cost and Fair Value of Investment Securities 

    Amortized Cost  
    Fair Value  
    Average Yield 
  
    Available-for-sale 

    Due in one year or less 
    $468  
    $464  
     2.05%
  
    Due from one to five years 
     15,995  
     14,696  
     2.08%
  
    Due from five to ten years 
     9,257  
     7,896  
     2.20%
  
    Due after ten years 
     10,797  
     10,746  
     5.64%
  
    Mortgage-backed securities 
     49,933  
     44,859  
     3.16%
  
    Total 
    $86,450  
    $78,661  
     3.16%

    Amortized Cost  
    Fair Value  
    Average Yield 
  
    Held-to-maturity 

    Due in one year or less 
    $—  
    $—  
     — 
  
    Due from one to five years