Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 951

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 3
Chunk 951
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ars
in thousands)For years ended December 31, 2024, and 2023 

    Years Ended 

    December 31, 

    2024  
    2023 
  
    Net income (loss) 
    $1,689  
    $(3,402)
  
    Other comprehensive (loss) gain: 

    Unrealized (loss) gain on securities available for
    sale 
     (373) 
     1,684 
  
    Tax effect 
     88  
     (471)
  
    Reclassification of losses on hedged items 
     356  
     — 
  
    Tax effect 
     (89) 
     — 
  
    Comprehensive income (loss) 
    $1,671  
    $(2,189)

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

84

Consolidated
Statements of Changes in Stockholders’ Equity
(Dollars in Thousands, Except Number of Shares)
Years Ended December 31, 2024, and 2023

    Shares  
    Balances 

    Other  

    Voting  
    Non-voting  
    Series A  
    Voting  
    Non-voting  
    Series A  
    Additional  
       
    Comprehensive  
    Unearned  

    Common  
    Common  
    Preferred  
    Common  
    Common  
    Preferred  
    Paid-In  
    Retained  
    Income  
    ESOP  

    Shares  
    Shares  
    Shares  
    Stock  
    Stock  
    Stock  
    Capital  
    Earnings  
    (Loss), Net  
    Shares  
    Total 
  
    BALANCE, January 1, 2023 (as adjusted for the adoption of ASU 2016-13) 
     3,032,606  
     —  
     521,849  
    $30  
    $—  
    $5  
    $28,369  
     28,359  
    $(6,773) 
    $(1,406) 
    $48,584 

    Net loss 
     —  
     —  
     —  
     —  
     —  
     —