Bancorp 34, Inc. (BCTF) financial statements (2022 and earlier)

Company profile

Business Address 500 EAST 10TH STREET
ALAMOGORDO, NM 88310
State of Incorp. MD
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29,48611,7749,87316,411
Cash and cash equivalents29,48611,7749,87316,411
Total current assets:29,48611,7749,87316,411
Noncurrent Assets
Property, plant and equipment8,9919,61610,12110,113
Long-term investments and receivables  3,826 
Long-term investments  3,826 
Intangible assets, net (including goodwill)133172221283
Intangible assets, net (excluding goodwill)133172221283
Deferred income tax assets1,908
Total noncurrent assets:11,0329,78814,16710,396
Other undisclosed assets353,221361,716312,180302,059
TOTAL ASSETS:393,739383,278336,221328,867
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities348,656336,855285,250278,091
Total liabilities:348,656336,855285,250278,091
Stockholders' equity
Stockholders' equity attributable to parent, including:45,08346,42350,97150,777
Common stock32343534
Additional paid in capital23,16825,50126,85027,162
Accumulated other comprehensive income (loss)307(396)(274)(363)
Retained earnings23,15722,92926,06125,700
Unearned esop shares  (1,700)(1,756)
Other undisclosed stockholders' equity attributable to parent(1,581)(1,645)  
Total stockholders' equity:45,08346,42350,97150,777
TOTAL LIABILITIES AND EQUITY:393,739383,278336,221328,867

Income statement (P&L) ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues17,76231,02726,86324,551
Gain on disposition of assets for financial service operations27214,422
Net investment income17,49016,60515,22113,502
Financial services revenue11,64211,049
Cost of revenue(23)(318)(2,518)(2,833)
Cost of goods and services sold  (1,943)(1,814)
Provision for loan, lease, and other losses(23)(318)
Financial services costs(575)(1,019)
Gross profit:17,74030,70924,34521,718
Operating expenses(4,669)(6,713)(18,629)(18,199)
Operating income:13,07123,9965,7163,518
Nonoperating income37036621184
Losses on sales of other real estate   (90)
Bank owned life insurance income370366211174
Interest and debt expense(4,820)(3,605)(2,272)(1,684)
Income from continuing operations before equity method investments, income taxes:8,62120,7563,6551,918
Other undisclosed loss from continuing operations before income taxes(5,989)(19,267)(1,326)(795)
Income from continuing operations before income taxes:2,6321,4892,3291,124
Income tax expense (benefit)(666)(416)(1,968)4,172
Income from continuing operations:1,9661,0743615,295
Loss from discontinued operations(1,256)   
Net income attributable to parent:7101,0743615,295
Undistributed earnings (loss) allocated to participating securities, basic11251
Other undisclosed net loss available to common stockholders, basic(23)(49)(1) 
Net income available to common stockholders, diluted:6991,0493605,295

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:7101,0743615,295
Comprehensive income:7101,0743615,295
Other undisclosed comprehensive income (loss), net of tax, attributable to parent703(166)89(147)
Comprehensive income, net of tax, attributable to parent:1,4149074505,148

Statements sources

The financial statements are based on the company's filings with the 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.

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