Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 1287

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 5
Chunk 1287
---
    Value 
  
    Corporate debt 
    $5,799  
    $—  
    $(692) 
    $5,107 
  
    Total 
    $5,799  
    $—  
    $(692) 
    $5,107 
  
    Allowance for Credit Losses 
    $(115) 

    Net Carrying Value of Held-to-maturity securities 
    $5,684  

There was no allowance for credit losses
related to available-for-sale securities as of December 31, 2024, or December 31, 2023.

    98

Securities with unrealized losses on December
31, 2024, and December 31, 2023, that have not been recognized in income are as follows (dollars in thousands):

Schedule of  Securities with unrealized losses

    Continued Unrealized Loss for Less than 12 Months  
    Continued Unrealized Loss for 12 Months or More  
    Total 
  
    Description of securities 
    Fair Value  
    Unrealized Loss  
    Fair Value  
    Unrealized Loss  
    Fair Value  
    Unrealized Loss 
  
    Available-for-sale, December 31, 2024 

    Mortgage-backed securities 
    $17,848  
    $(669) 
    $27,011  
    $(4,405) 
    $44,859  
    $(5,074)
  
    U.S. Treasuries 
     —  
     —  
     2,838  
     (217) 
     2,838  
     (217)
  
    U.S. government agencies 
     —  
     —  
     196  
     (6) 
     196  
     (6)
  
    Asset-backed securities 
     8,741  
     (52) 

     8,741  
     (52)
  
    Municipal obligations 
     —  
     —  
     19,133  
     (2,330) 
     19,133  
     (2,330)
  
    Corporate debt 
     —  
     —  
     889  
     (111) 
     889  
     (111)

    Total temporarily impaired 
    $26,589