secwatch.observer — SEC 8-K summary
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Issuer:     Bogota Financial Corp. (BSBK)
CIK:        0001787414
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001193125-23-197167
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bogota Financial Q2 net income falls 48% to $0.07 EPS; NIM compresses to 1.96%
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- Net income $857k ($0.07 EPS) vs $1.6M ($0.12 EPS) in Q2 2022, down 47.8%.
- Net interest margin 1.96% vs 2.85% a year ago as deposit costs surged to 2.68% from 0.59%.
- Non-performing assets rose to $12.9M (1.35% of assets) partly due to a $10.9M delinquent construction loan.
- Share repurchases: completed first 556,631-share program; second 249,920-share program underway.
- Deposits fell $44.9M to $656.6M; FHLB advances increased $24.9M to $127.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1787414/000119312523197167/0001193125-23-197167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1787414/000119312523197167/d361277d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-197167

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