secwatch.observer — SEC 8-K summary
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Issuer:     Bogota Financial Corp. (BSBK)
CIK:        0001787414
Form:       8-K
Filed at:   2022-02-03T23:59:59+00:00
Accession:  0001193125-22-026591
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bogota Financial Q4 net income doubles to $2.0M; FY21 net income $7.5M vs $2.1M
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- Q4 2021 net income $2.0M, up 94% YoY from $1.0M; FY21 net income $7.5M vs $2.1M.
- Net interest margin rose 57 bps to 2.50% for FY21; credit provision of $88K vs $200K provision in prior year.
- Total assets $837.4M (+13%); deposits $597.5M (+19%) driven by Gibraltar Bank acquisition.
- Non-performing assets low at $1.9M (0.23% of total assets); only one loan still on COVID deferral.
- Non-GAAP core earnings $5.9M in FY21 vs $4.3M in FY20, reflecting steady growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1787414/000119312522026591/0001193125-22-026591-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1787414/000119312522026591/d288758d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-026591

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