secwatch.observer — SEC 8-K summary
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Issuer:     Bogota Financial Corp. (BSBK)
CIK:        0001787414
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001193125-23-269042
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bogota Financial Q3 net loss of $29K; net interest margin shrinks to 1.47% from 2.85% YoY
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- Net loss of $29K ($0.00 EPS) in Q3 2023 vs net income of $1.9M ($0.14 EPS) in Q3 2022.
- Net interest margin fell 138 bps to 1.47% in Q3 2023; interest expense surged 208.7% driven by deposit cost.
- Total deposits fell 8.0% YoY to $645.3M; FHLB advances up 32.2% to $135.3M to offset outflows.
- Non-performing assets rose to $12.3M (1.33% of assets) vs prior period; delinquent loans increased $18M to $19.5M.
- Share buyback: 318,560 shares repurchased YTD at $3.0M under two approved programs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1787414/000119312523269042/0001193125-23-269042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1787414/000119312523269042/d581038d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-269042

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