Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 1142

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 4
Chunk 1142
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 Mention 
     —  
     —  
     —  
     —  
     —  
     —  
     —  
     —  
     — 

    Substandard 
     —  
     —  
     970  
     —  
     —  
     —  
     —  
     —  
     970 

    Doubtful 
     —  
     —  
     —  
     —  
     —  
     —  
     —  
     —  
     — 

    Total Multi Family 
     500  
     15,652  
     22,977  
     7,572  
     6,369  
     7,105  
     371  
     —  
     60,546 

    Current year-to-date gross write-offs 
     —  
     —  
     —  
     —  
     —  
     —  
     —  
     —  
     — 

    Total 
    $53,866  
    $125,182  
    $123,830  
    $50,977  
    $29,080  
    $54,905  
    $19,187  
    $779  
    $457,027 

    Total year-to-date gross write-offs 
    $3,382  
    $—  
    $—  
    $—  
    $321  
    $—  
    $—  
    $—  
    $3,703 

    105

Non-accrual
loans – The accrual of interest on loans is discontinued at the time the loan becomes 90
or more days delinquent unless the loan is well secured and in the process of collection or renewal due to maturity. Past due status
is based on the contractual terms of the loan. In all cases, loans are placed on non-accrual status or charged off if collection of interest
or principal is considered doubtful. There was no interest income recognized from non-accrual loans in the income statement for the years
ended December 31, 2024, or