Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 948

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 3
Chunk 948
---
 1,819 
  
    Other investments 
     6,244  
     4,063 
  
    Accrued interest receivable 
     2,613  
     1,597 
  
    Deferred income tax asset, net 
     9,027  
     4,884 
  
    Bank owned life insurance 
     12,063  
     11,847 
  
    Core deposit intangible, net 
     7,589  
     — 
  
    Prepaid and other assets 
     4,223  
     4,267 
  
    Total assets 
    $918,095  
    $581,265 

The
accompanying notes are an integral part of the consolidated financial statements.

81

Consolidated
Balance Sheets (Continued)

(Dollars
in Thousands, except Share data)

December
31, 2024, and December 31, 2023

    December 31, 2024  
    December 31, 2023 
  
    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    LIABILITIES 

    Deposits 

    Demand deposits 
    $218,589  
    $88,091 
  
    Savings and NOW deposits 
     332,923  
     243,505 
  
    Time deposits 
     241,055  
     128,403 
  
    Total deposits 
     792,567  
     459,999 

    Federal Reserve Bank BTFP Advances 
     —  
     29,000 
  
    Subordinated debt, net of issuance costs 
     23,149  
     24,595 
  
    Subordinated debentures, trust preferred securities 
     4,203  
     — 
  
    Escrows 
     141  
     168 
  
    Operating lease liabilities 
     4,619  
     2,011 
  
    Accrued interest and other liabilities 
     6,901  
     4,771 
  
    Total liabilities 
     831,580  
     520,544 

    STOCKHOLDERS’ EQUITY 

    Common stock, $0.01 par value Authorized: 100,000,000 shares, including 1,100,000 shares of non-voting common stock