Bancorp 34, Inc. (BCTF) Financial Statements (2023 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)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 11,774 | 9,873 | 16,411 | |||
| Cash and cash equivalents | 11,774 | 9,873 | 16,411 | |||
| Total current assets: | 11,774 | 9,873 | 16,411 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 9,616 | 10,121 | 10,113 | |||
| Long-term investments and receivables | 3,826 | |||||
| Long-term investments | 3,826 | |||||
| Intangible assets, net (including goodwill) | 172 | 221 | 283 | |||
| Intangible assets, net (excluding goodwill) | 172 | 221 | 283 | |||
| Deferred income tax assets | ✕ | ✕ | ✕ | |||
| Total noncurrent assets: | 9,788 | 14,167 | 10,396 | |||
| Other undisclosed assets | 361,716 | 312,180 | 302,059 | |||
| TOTAL ASSETS: | 383,278 | 336,221 | 328,867 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Noncurrent Liabilities | ||||||
| Other undisclosed liabilities | 336,855 | 285,250 | 278,091 | |||
| Total liabilities: | 336,855 | 285,250 | 278,091 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 46,423 | 50,971 | 50,777 | |||
| Common stock | 34 | 35 | 34 | |||
| Additional paid in capital | 25,501 | 26,850 | 27,162 | |||
| Accumulated other comprehensive income (loss) | (396) | (274) | (363) | |||
| Retained earnings | 22,929 | 26,061 | 25,700 | |||
| Unearned esop shares | (1,700) | (1,756) | ||||
| Other undisclosed equity, attributable to parent | (1,645) | |||||
| Total equity: | 46,423 | 50,971 | 50,777 | |||
| TOTAL LIABILITIES AND EQUITY: | 383,278 | 336,221 | 328,867 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|
| Revenues | 31,027 | 26,863 | 24,551 | ||
| Gain on disposition of assets for financial service operations | 14,422 | ✕ | ✕ | ||
| Net investment income | 16,605 | 15,221 | 13,502 | ||
| Financial services revenue | ✕ | ✕ | 11,642 | 11,049 | |
| Cost of revenue | (318) | (2,518) | (2,833) | ||
| Cost of goods and services sold | (1,943) | (1,814) | |||
| Provision for loan, lease, and other losses | (318) | ✕ | ✕ | ||
| Financial services costs | ✕ | ✕ | (575) | (1,019) | |
| Gross profit: | 30,709 | 24,345 | 21,718 | ||
| Operating expenses | (6,713) | (18,629) | (18,199) | ||
| Operating income: | 23,996 | 5,716 | 3,518 | ||
| Nonoperating income | 366 | 211 | 84 | ||
| Losses on sales of other real estate | (90) | ||||
| Bank owned life insurance income | 366 | 211 | 174 | ||
| Interest and debt expense | (3,605) | (2,272) | (1,684) | ||
| Income from continuing operations before equity method investments, income taxes: | 20,756 | 3,655 | 1,918 | ||
| Other undisclosed loss from continuing operations before income taxes | (19,267) | (1,326) | (795) | ||
| Income from continuing operations before income taxes: | 1,489 | 2,329 | 1,124 | ||
| Income tax expense (benefit) | (416) | (1,968) | 4,172 | ||
| Income from continuing operations: | 1,074 | 361 | 5,295 | ||
| Income before gain (loss) on sale of properties: | 1,074 | 361 | 5,295 | ||
| Loss from discontinued operations | |||||
| Net income attributable to parent: | 1,074 | 361 | 5,295 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | 25 | 1 | ✕ | ||
| Other undisclosed net loss available to common stockholders, basic | (49) | (1) | |||
| Net income available to common stockholders, diluted: | 1,049 | 360 | 5,295 | ||
Comprehensive Income ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|
| Net income: | 1,074 | 361 | 5,295 | ||
| Comprehensive income: | 1,074 | 361 | 5,295 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (166) | 89 | (147) | ||
| Comprehensive income, net of tax, attributable to parent: | 907 | 450 | 5,148 | ||
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.