secwatch.observer — SEC 8-K summary
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Issuer:     Bogota Financial Corp. (BSBK)
CIK:        0001787414
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001193125-21-319560
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bogota Financial Q3 net income rises 9% to $1.0M; Gibraltar integration complete
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- Q3 2021 net income $1.0M, up 9% from $956K YoY; nine-month net income $5.5M vs $1.0M (incl. $1.9M bargain purchase gain).
- Total assets $835M (+12.7% YTD); net loans $579.9M (+4%); deposits $591.2M (+17.8%), driven by Gibraltar acquisition.
- Net interest margin for nine months expanded 60 bps to 2.50%; strong credit quality with NPLs at 0.33% of assets.
- Completed Gibraltar Bank integration in Aug 2021; opened Hasbrouck Heights branch with $10M+ deposits.
- PPP second round processed 54 applications totaling $6.9M in 2021; COVID deferrals down to one loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1787414/000119312521319560/0001193125-21-319560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1787414/000119312521319560/d253720d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-319560

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