secwatch.observer — SEC 8-K summary
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Issuer:     Bogota Financial Corp. (BSBK)
CIK:        0001787414
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001193125-24-190091
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bogota Financial Corp. posts Q2 net loss of $432K vs profit of $857K year ago
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- Net loss of $432,000 ($0.03 per share) for Q2 2024, vs net income of $857,000 ($0.07 per share) in Q2 2023.
- Net interest income fell 36.1% to $2.7M; net interest margin dropped to 1.21% from 1.96%.
- Total assets increased 3.8% to $974.7M; deposits up 3.8% to $649.1M; net loans down 1.0% to $707.6M.
- Repurchased 107,323 shares at $735,000 under $4.9M authorized buyback program.
- Credit stable: no charge-offs, ACL 0.39% of loans, non-performing assets at 1.33% of assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1787414/000119312524190091/0001193125-24-190091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1787414/000119312524190091/d874724d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-190091

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