Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 165

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1
Chunk 165
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 interest
or principal is considered doubtful. There was no interest income recognized from non-accrual loans in the income statement for the years
ended December 31, 2024, or December 31, 2023, and non-accrual loans totaled $4.0 million at January 1, 2023. The following
presents the amortized cost basis of loans on non-accrual status and loans past due over 89 days still accruing by class as of the date
noted (dollars in thousands).

Schedule of Nonaccrual
Loans

    As of December 31, 2024 

    Non-accrual loans  
       
    Loans past due 

    with  
    Total non-accrual  
    over 89 days and 

    no ACL  
    loans  
    still accruing 
  
    1-4 Family residential real estate 
    $149  
    $149  
    $— 
  
    Commercial 
     1,716  
     2,726  
     — 
  
    Consumer and other 
     —  
     —  
     — 
  
    Construction 
     —  
     —  
     — 
  
    NOO CRE 
     —  
     —  
     — 
  
    OO CRE 
     1,119  
     1,119  
     — 
  
    Multifamily 
     709  
     709  
     — 

    Total 
    $3,693  
    $4,703  
    $— 

    As of December 31, 2023 

    Non-accrual loans with no ACL  
    Total non-accrual loans  
    Loans past due  over 89 days and  still accruing 
  
    1-4 Family residential real estate 
    $66  
    $66  
    $— 
  
    Commercial 
     847  
     1,208  
     — 
  
    Consumer and other 
     —  
     —  
     — 
  
    Construction 
     —  
     —  
     — 
  
    NOO CRE 
     —  
     —  
     —