Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 953

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 3
Chunk 953
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 Originations of loans held for sale 
     (2,518) 
     (1,316)
  
    Gain on sale of loans 
     (28) 
     (32)
  
    Proceeds from sale of loans 
     3,741  
     1,367 
  
    Loss on sale other real estate owned 
     432  
     — 
  
    Provision for credit losses 
     3,825  
     4,223 
  
    Net appreciation on bank-owned life insurance 
     (370) 
     (248)
  
    Deferred income tax (benefit) 
     (1,075) 
     (278)
  
    Preliminary bargain purchase gain from CBOA merger 
     (5,018) 
     — 
  
    Accretion of discount on loans 
     (3,714) 
     — 
  
    Core deposit intangible amortization 
     1,341  
     — 
  
    Amortization of discount on time deposits 
     204  
     — 
  
    Amortization of discount on subordinated debt 
     60  
     — 

    Changes in operating assets and liabilities: 

    Accrued interest receivable 
     562  
     (92)
  
    Prepaid and other assets 
     1,577  
     851 
  
    Accrued interest and other liabilities 
     671  
     (1,016)

    Net cash provided by operating activities 
     2,974  
     910 

    CASH FLOWS FROM INVESTING ACTIVITIES 

    CBOA Financial, Inc. merger, cash acquired 
     30,927  
     — 
  
    Proceeds from calls, sales, maturities, or principal payments on available-for-sale securities 
     63,634  
     5,348 
  
    Purchases of available-for-sale securities 
     (31,691) 
     (2,005)
  
    Net (purchase) redemptions of other investments 
     —  
     (2,715)
  
    Net change in loans held for investment 
     95,038  
     (382)
  
    Proceeds from sale of other real estate owned 
     2,568