Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 304

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1A
Chunk 304
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 loans: 

    1-4 Family residential real estate 
    $149  
    $66 
  
    Commercial 
     2,726  
     1,208 
  
    Consumer and other 
     —  
     — 
  
    Construction 
     —  
     — 
  
    NOO CRE 
     —  
     — 
  
    OO CRE 
     1,119  
     — 
  
    Multifamily 
     709  
     970 
  
    Total nonaccrual loans 
     4,703  
     2,244 
  
    Accrual loans greater than 90 days past due 
     —  
     — 
  
    Total nonperforming loans (NPLs) 
     4,703  
     2,244 
  
    Other real estate owned and foreclosed assets, net 
     —  
     3,000 
  
    Total nonperforming assets (NPAs) 
    $4,703  
    $5,244 

    ACL 
     10,160  
     5,860 
  
    NPLs 
     4,703  
     2,244 
  
    ACL to NPLs 
     216.03% 
     261.14%

    NPA’s 
     4,703  
     5,244 
  
    Total Assets 
     918,095  
     581,265 
  
    NPAs to total assets 
     0.51% 
     0.90%

    NPLs 
     4,703  
     2,244 
  
    Total Gross Loans 
     676,092  
     457,027 
  
    NPLs to total loans 
     0.70% 
     0.49%

Total nonperforming
assets were $4.7 million as of December 31, 2024, compared to $5.2 million at December 31, 2023. The decrease reflects the sale of the
note for the prior OREO balance, partially offset by the increase in non-performing loans.

70

Potential problem loans
are loans which management has serious doubts as to the ability of the borrowers to comply with the present loan repayment terms. Management
has not identified any potential problem loans not