Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 79

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1
Chunk 79
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 their ultimate outcomes, such matters are costly, divert management’s attention and may materially adversely
affect our reputation, even if resolved in our favor.

Item
4. Mine Safety Disclosures

Not Applicable.

55

Part
II

Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Market
For Bancorp 34 Common Stock

There is no established
public trading market for Bancorp 34 common stock. Bancorp 34 common stock is currently quoted under the symbol “BCTF” on
the OTC Markets Groups, Inc.’s OTCQB Venture Market. The following table sets forth the high and low bid information for
our common stock for the periods indicated, which reflect inter-dealer prices, without retail mark-up, mark-down or commissions and may
not represent actual transactions.

    High  
    Low 
  
    Fiscal Year Ended December 31, 2024 

    Fourth Quarter 
    $12.39  
    $11.12 
  
    Third Quarter 
    $11.20  
    $9.25 
  
    Second Quarter 
    $9.73  
    $8.45 
  
    First Quarter 
    $9.65  
    $8.25 

    Fiscal Year Ended December 31, 2023 

    Fourth Quarter 
    $11.00  
    $8.35 
  
    Third Quarter 
    $11.00  
    $9.50 
  
    Second Quarter 
    $12.11  
    $8.93 
  
    First Quarter 
    $13.65  
    $11.50 

Dividends
on Bancorp 34 Stock

In 2018 Bancorp 34 paid
a special dividend of $1.25 per share. In the second quarter of 2019 Bancorp 34 began paying regular quarterly dividends of $0.05 per
share. In the first quarter of 2022 the regular quarterly dividend was increased to $0.07 per share. Bancorp 34 suspended dividend payments
effective the third quarter of 2023.

Item
6. [Reserved]

56

Item
7

Management’s
Discussion and Analysis of Financial Condition and Result of Operations of Bancorp 34

In
this section, unless the context suggests otherwise, references to “we,” “us,” and “our” mean