Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 519

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1B
Chunk 519
---
,604  
    $1,918  
    $653  
    $10,160 

    1–4 Family Residential Real Estate  
    Commercial  
    Consumer and Other  
    Construction  
    NOO Commercial Real Estate  
    OO Commercial Real Estate  
    Multifamily  
    Total 
  
    Changes in allowance for credit losses for the year ended December 31, 2023 

    Beginning balance 
    $454  
    $1,382  
    $56  
    $222  
    $1,680  
    $555  
    $429  
    $4,778 
  
    Impact of adopting of ASU 2016-13 
     (33) 
     (307) 
     (50) 
     441  
     271  
     142  
     140  
     604 
  
    Provision (credit) for loan losses 
     309  
     170  
     2  
     (151) 
     3,290  
     504  
     51  
     4,175 
  
    Loans charged off 
     —  
     (321) 
     —  
     —  
     (3,382) 
     —  
     —  
     (3,703)
  
    Recoveries 
     6  
     —  
     —  
     —  
        
     —  
     —  
     6 
  
    Balance on December 31, 2023 
    $736  
    $924  
    $8  
    $512  
    $1,859  
    $1,201  
    $620  
    $5,860 

    102

The following tables present the aging of
the recorded investment in contractually past due loans, as of December 31, 2024, and December 31, 2023. It is shown by class of loans
(dollars in thousands):

Schedule
of Loan Category and Aging Analysis of Loans

    Loans Contractually Past Due  

    30–59  
    60–89  
    Over 90  
       
    Loans Not  

    December 31,