secwatch.observer — SEC 8-K summary
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Issuer:     Bogota Financial Corp. (BSBK)
CIK:        0001787414
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001193125-21-235804
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bogota Financial H1 net income $4.4M vs $65K; includes $1.9M bargain purchase gain from Gibraltar Bank acquisition
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- Net income for six months ended June 30, 2021 was $4.4M vs $65K; Q2 net income flat at $1.4M.
- Net interest margin improved to 2.44% from 1.88% in Q2; net interest income up 45.3% to $4.8M.
- Total assets grew $77.9M (10.5%) to $818.9M, primarily from $106M in Gibraltar Bank assets.
- Non-performing assets $685K (0.08% of assets); loan loss provision credit of $54K; credit quality strong.
- Acquired Gibraltar Bank for $106M assets, $77M loans, $81.4M deposits in Feb 2021; system conversion in Aug 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1787414/000119312521235804/0001193125-21-235804-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1787414/000119312521235804/d119740d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-235804

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