Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 102

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1
Chunk 102
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    $69,330 
  
    Commercial 
     29,608  
     27,429  
     14,198  
     22,571  
     13,704  
     9  
     2,405  
     109,924 
  
    Consumer and other 
     179  
     78  
     0  
     0  
     0  
     4  
     0  
     261 
  
    Construction 
     10,512  
     8,345  
     2,288  
     1,447  
     3,693  
     0  
     0  
     26,285 
  
    NOO CRE 
     23,456  
     81,398  
     8,397  
     44,010  
     86,099  
     1,871  
     13,421  
     258,652 
  
    OO CRE 
     7,419  
     34,281  
     13,433  
     36,314  
     57,270  
     1,867  
     815  
     151,399 
  
    Multifamily 
     6,251  
     27,878  
     5,752  
     16,894  
     3,466  
     0  
     0  
     60,241 
  
    Total gross loans 
    $81,538  
    $214,222  
    $46,257  
    $132,270  
    $169,106  
    $7,736  
    $24,963  
    $676,092 

Allocation
of Allowance for Credit Losses

The
following tables present the allocation of the ACL on loans held-for-investment and the percentage of the total amount of loans held-for-investment
in each category listed and as of the dates indicated:

    December 31, 2024  
    December 31, 2023 
  
    (Dollars in thousands) 
    Allowance Amount  
    % of Portfolio  
    Allowance Amount  
    % of Portfolio 
  
    1-4 Family residential