---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-136400"
form_type: "8-K"
ticker: "BSBK"
cik: "0001787414"
company_name: "Bogota Financial Corp."
filed_at: "2022-05-02T23:59:59+00:00"
generated_at: "2026-06-26T02:09:33.354238+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bogota Financial Q1 net income $1.4M, flat vs adjusted prior year; assets rise to $850.7M

## Summary
- Net income $1.4M for Q1 2022; adjusted net income also $1.4M after excluding 2021 bargain purchase gain and merger costs.
- Total assets $850.7M (+1.6% from Dec 2021); deposits $619.9M (+3.8%) driven by new $20M municipal relationship.
- Net interest margin improved to 2.64% from 2.50% year-over-year; no provision for loan losses recorded.
- Completed initial 5% buyback (296,044 shares); Board approved new 5% buyback plan subject to regulatory approval.
- Non-performing assets low at $1.9M (0.23% of total assets); allowance for loan losses 111.8% of NPLs.

## SEC filing metadata
- accession: 0001193125-22-136400
- form_type: 8-K
- ticker: BSBK
- cik: 0001787414
- company_name: Bogota Financial Corp.
- filed_at: 2022-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1787414/000119312522136400/0001193125-22-136400-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1787414/000119312522136400/d232949d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-136400
- JSON: https://secwatch.observer/filing/0001193125-22-136400.json
- Plain text: https://secwatch.observer/filing/0001193125-22-136400.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.