Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 918

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 3
Chunk 918
---
. 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 proportionately to the changes due to volume and the changes due to rate.

64

2024
vs 2023 Volume & Rate Analysis

    Years Ended December 31, 

    2024 vs. 2023 

    Increase (Decrease)  
    Total 

    Due to  
    Increase 

    Volume  
    Rate  
    (Decrease) 
  
    Interest-earning assets: 

    Loans 
    $11,414  
    $6,820  
    $18,234 
  
    Securities 
     180  
     374  
     554 
  
    Other interest earning assets 
     3,577  
     297  
     3,874 
  
    Total interest-earning assets 
     15,171  
     7,491  
     22,661 

    Interest-bearing liabilities: 

    Checking, money-market and savings accounts 
     1,824  
     1,331  
     3,155 
  
    Certificates of deposit 
     3,418  
     1,304  
     4,722 
  
    Total deposits 
     5,242  
     2,635  
     7,877 
  
    Advances from FRB and FHLB 
     327  
     (84) 
     243 
  
    Subordinated debt, net of issuance costs 
     118  
     300  
     418 
  
    Total interest-bearing liabilities 
     5,687  
     2,851  
     8,538 
  
    Change in net interest income 
    $9,755  
    $4,368  
    $14,123 

Allowance
and Provision for Credit Losses – Loans held-for-investment

At December 31, 2024,
and 2023, our ACL for loans held for investment was $10.2 million and $5.9 million, respectively, which represents 1.50% and 1.28%