secwatch.observer — SEC 8-K summary
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Issuer:     Bogota Financial Corp. (BSBK)
CIK:        0001787414
Form:       8-K
Filed at:   2025-07-31T23:59:59+00:00
Accession:  0000943374-25-000346
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bogota Financial reports Q2 net income $224k vs year-ago loss; NIM expands 53 bps
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- Net income of $224k ($0.02 per share) for Q2 2025 vs net loss of $432k ($0.03) in Q2 2024; net interest margin rose 53 bps to 1.74%.
- Six-month net income $955k ($0.08) vs net loss $873k ($0.07) in prior year; includes $543k one-time death benefit from BOLI.
- Total assets down 5.1% to $921.8M; loans decreased 2.6%, deposits down 2.2%; FHLB advances cut 21%.
- Completed 5th stock buyback; tangible book value per minority share rose to $29.10 from $22.04 at IPO.
- Delinquent loans increased $6.1M to $20.4M due to one CRE loan of $7.1M; no loan charge-offs during period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1787414/000094337425000346/0000943374-25-000346-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1787414/000094337425000346/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000943374-25-000346

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