Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 979

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 3
Chunk 979
---
     20,328 
  
    Corporate debt 
     1,000  
     —  
     (167) 
     833 
  
    Total 
    $64,106  
    $—  
    $(7,416) 
    $56,690 

    Held-to-maturity 
    December 31, 2023 

    Gross  
    Gross  
    Gross  
    Estimated 

    Amortized  
    Unrealized  
    Unrealized  
    Fair 
  
    (Dollars in thousands) 
    Cost  
    Gains  
    Losses  
    Value 
  
    Corporate debt 
    $5,799  
    $—  
    $(692) 
    $5,107 
  
    Total 
    $5,799  
    $—  
    $(692) 
    $5,107 
  
    Allowance for Credit Losses 
    $(115) 

    Net Carrying Value of Held-to-maturity securities 
    $5,684  

There was no allowance for credit losses
related to available-for-sale securities as of December 31, 2024, or December 31, 2023.

    98

Securities with unrealized losses on December
31, 2024, and December 31, 2023, that have not been recognized in income are as follows (dollars in thousands):

Schedule of  Securities with unrealized losses

    Continued Unrealized Loss for Less than 12 Months  
    Continued Unrealized Loss for 12 Months or More  
    Total 
  
    Description of securities 
    Fair Value  
    Unrealized Loss  
    Fair Value  
    Unrealized Loss  
    Fair Value  
    Unrealized Loss 
  
    Available-for-sale, December 31, 2024 

    Mortgage-backed securities 
    $17,848  
    $(669) 
    $27,011  
    $(4,405) 
    $44,859  
    $(5,074)
  
    U.S. Treasuries 
     —  
     —  
     2,838  
     (217) 
     2,838  
     (217)
  
    U.S. government agencies 
     —  
     —  
     196