Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 278

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1A
Chunk 278
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 Cruces, New Mexico, Alamogordo, New Mexico, Scottsdale, Arizona, Gilbert, Arizona, Tucson,
Arizona, Oro Valley, Arizona and Green Valley, Arizona.

We own both New Mexico
banking branches and lease our remaining offices in Arizona. We believe that our facilities are in good condition and are adequate to
meet our operating needs for the foreseeable future.

Item
3. Legal Proceedings

Bancorp 34 and its subsidiaries
are from time to time subject to claims and litigation arising in the ordinary course of business. One or more unfavorable outcomes in
any claim or litigation against us could have a material adverse effect for the period in which they are resolved. In addition, regardless
of their merits or their ultimate outcomes, such matters are costly, divert management’s attention and may materially adversely
affect our reputation, even if resolved in our favor.

Item
4. Mine Safety Disclosures

Not Applicable.

55

Part
II

Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Market
For Bancorp 34 Common Stock

There is no established
public trading market for Bancorp 34 common stock. Bancorp 34 common stock is currently quoted under the symbol “BCTF” on
the OTC Markets Groups, Inc.’s OTCQB Venture Market. The following table sets forth the high and low bid information for
our common stock for the periods indicated, which reflect inter-dealer prices, without retail mark-up, mark-down or commissions and may
not represent actual transactions.

    High  
    Low 
  
    Fiscal Year Ended December 31, 2024 

    Fourth Quarter 
    $12.39  
    $11.12 
  
    Third Quarter 
    $11.20  
    $9.25 
  
    Second Quarter 
    $9.73  
    $8.45 
  
    First Quarter 
    $9.65  
    $8.25 

    Fiscal Year Ended December 31, 2023 

    Fourth Quarter 
    $11.00  
    $8.35 
  
    Third Quarter 
    $11.00  
    $9.50 
  
    Second Quarter 
    $12.11  
    $8.93 
  
    First Quarter 
    $13.65  
    $11.50 

Dividends
on Banc