Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 521

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1B
Chunk 521
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 it is not practical
or desirable to defer writing off a portion or whole of a perceived asset even though partial recovery may be collected in the future.

The following tables present the
amortized cost basis of loans by credit quality indicator, by class of financing receivable, and year of origination for term loans as
of December 31, 2024, and December 31, 2023. For revolving lines of credit that are converted to term loans, if the conversion involved
a credit decision, such loans are included in the origination year in which the credit decision was made. If revolving lines of credit
converted to term loans without a credit decision, such lines of credit are included in the “Revolving lines of credit converted
to term” column in the following tables (dollars in thousands). 

    103

Schedule of loan category and loan by risk categories

    Term Loans Amortized Cost by Origination  

    December 31, 2024 
    2024  
    2023  
    2022  
    2021  
    2020  
    Prior  
    Revolving Loans Amortized Cost Basis  
    Revolving Loans Converted to Term  
    Total 
  
    1-4 Family 

    Pass 
    $2,151  
    $4,448  
    $25,009  
    $11,673  
    $6,973  
    $10,756  
    $6,216  
    $—  
    $67,226 
  
    Special Mention 
     —  
     —  
     1,521  
     434  
     —  
     —  
     —  
     —  
     1,955 
  
    Substandard 
     —  
     —  
     —  
     —  
     —  
     149  
     —  
     —  
     149 
  
    Doubtful 
     —  
     —  
     —  
     —  
     —  
     —  
     —  
     —  
     — 
  
    Total 1-4 Family 
     2,151  
     4,448  
     26,