Bancorp 34, Inc. (BCTF) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
500 EAST 10TH STREET ALAMOGORDO, NM 88310 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6035 - Savings Institutions, Federally Chartered (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 27,182 | 12,898 | 17,445 | 8,419 | 29,486 | 15,665 | |||
| Cash and cash equivalents | 27,182 | 12,898 | 17,445 | 8,419 | 29,486 | 15,665 | |||
| Debt securities, held-to-maturity, excluding accrued interest, after allowance for credit loss | ✕ | 5,684 | 5,765 | ✕ | ✕ | ✕ | ✕ | ||
| Total current assets: | 32,866 | 18,663 | 17,445 | 8,419 | 29,486 | 15,665 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,819 | 1,883 | 1,228 | 1,138 | |||||
| Property, plant and equipment | 7,350 | 7,758 | 8,555 | 8,853 | 8,991 | 9,134 | |||
| Long-term investments and receivables, including: | 457,027 | 480,216 | |||||||
| Other undisclosed long-term investments and receivables | 457,027 | 480,216 | |||||||
| Intangible assets, net (including goodwill) | 115 | 124 | 133 | 142 | |||||
| Intangible assets, net (excluding goodwill) | 115 | 124 | 133 | 142 | |||||
| Deferred income tax assets | 4,884 | 5,249 | 1,725 | 1,702 | 1,908 | 1,892 | |||
| Total noncurrent assets: | 471,080 | 495,106 | 11,624 | 11,817 | 11,032 | 11,168 | |||
| Other undisclosed assets | 77,319 | 67,099 | 428,947 | 388,152 | 353,221 | 358,441 | |||
| TOTAL ASSETS: | 581,265 | 580,868 | 458,016 | 408,388 | 393,739 | 385,274 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 24,595 | 24,581 | |||||||
| Long-term debt, excluding current maturities | 24,595 | 24,581 | |||||||
| Total noncurrent liabilities: | 24,595 | 24,581 | |||||||
| Other undisclosed liabilities | 495,949 | 495,885 | 412,368 | 362,269 | 348,656 | 340,468 | |||
| Total liabilities: | 520,544 | 520,466 | 412,368 | 362,269 | 348,656 | 340,468 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 60,721 | 60,402 | 45,648 | 46,119 | 45,083 | 44,806 | |||
| Common stock | 32 | 32 | 32 | 32 | |||||
| Additional paid in capital | 43,279 | 43,240 | 23,216 | 23,250 | 23,168 | 23,085 | |||
| Accumulated other comprehensive income (loss) | (5,560) | (7,500) | 331 | 1,127 | 307 | 526 | |||
| Retained earnings | 24,301 | 25,976 | 23,621 | 23,277 | 23,157 | 22,759 | |||
| Unearned esop shares | (1,346) | (1,361) | |||||||
| Other undisclosed equity, attributable to parent | 47 | 47 | (1,552) | (1,567) | (1,581) | (1,596) | |||
| Total equity: | 60,721 | 60,402 | 45,648 | 46,119 | 45,083 | 44,806 | |||
| TOTAL LIABILITIES AND EQUITY: | 581,265 | 580,868 | 458,016 | 408,388 | 393,739 | 385,274 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,960 | 6,794 | 4,479 | 4,621 | 4,544 | 4,593 | ||
| Net investment income | 7,011 | 6,777 | 4,467 | 4,621 | 4,530 | 4,393 | ||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (943) | (3,146) | (577) | (472) | 150 | |||
| Gross profit: | 6,017 | 3,648 | 3,902 | 4,149 | 4,694 | 4,593 | ||
| Operating expenses | (2,936) | (1,601) | (1,260) | (1,191) | (1,150) | (1,312) | ||
| Other operating income (expense), net (Noninterest Income, Other Operating Income) | (22) | (22) | ||||||
| Operating income (loss): | 3,059 | 2,025 | 2,642 | 2,958 | 3,544 | 3,281 | ||
| Nonoperating income | 65 | 63 | 91 | 91 | 93 | 94 | ||
| Investment income, nonoperating | ||||||||
| Bank owned life insurance income | 65 | 63 | 91 | 91 | 93 | 94 | ||
| Interest and debt expense | (3,820) | (3,468) | (1,064) | (1,176) | (1,261) | (1,242) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (1,007) | (1,498) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,703) | (2,878) | 1,669 | 1,873 | 2,375 | 2,133 | ||
| Other undisclosed loss from continuing operations before income taxes | (1,057) | (1,474) | (1,547) | (1,496) | ||||
| Income (loss) from continuing operations before income taxes: | (1,703) | (2,878) | 612 | 399 | 828 | 637 | ||
| Income tax expense (benefit) | 27 | 603 | (110) | (121) | (215) | (185) | ||
| Income (loss) from continuing operations: | (1,676) | (2,275) | 502 | 278 | 614 | 452 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 502 | 278 | 556 | 452 | |
| Loss from discontinued operations | (57) | |||||||
| Net income (loss) attributable to parent: | (1,676) | (2,275) | 502 | 278 | 556 | 452 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | 8 | 7 | 4 | 9 | 7 | |||
| Other undisclosed net income (loss) available to common stockholders, basic | 110 | (13) | (7) | (18) | (14) | |||
| Net income (loss) available to common stockholders, basic: | (1,566) | (2,267) | 495 | 274 | 547 | 445 | ||
| Other undisclosed net income available to common stockholders, diluted | 223 | |||||||
| Net income (loss) available to common stockholders, diluted: | (1,566) | (2,267) | 495 | 497 | 547 | 445 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,676) | (2,275) | 502 | 278 | 556 | 452 | ||
| Other comprehensive loss | (796) | |||||||
| Comprehensive income (loss): | (1,676) | (2,275) | (294) | 278 | 556 | 452 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1,940 | (1,069) | 820 | (218) | 185 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 264 | (3,344) | (294) | 1,098 | 338 | 638 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.