secwatch.observer — SEC 8-K summary
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Issuer:     Bogota Financial Corp. (BSBK)
CIK:        0001787414
Form:       8-K
Filed at:   2025-01-06T23:59:59+00:00
Accession:  0001193125-25-001946
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bogota Financial completes sale-leaseback of three branches for $9M gain and restructures securities for $8.9M loss
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- Sold three branch offices for $12.5M cash, resulting in $9.0M pre-tax gain; entered 15-year leaseback.
- Sold $66M amortized cost securities ($57.1M market) with 1.89% yield, realizing $8.9M pre-tax loss.
- Reinvested proceeds into securities yielding ~5.49% and will fund loans at 6.50-7.75% to improve NIM.
- Removes held-to-maturity designation on remaining HTM securities.
- CEO states repositioning strengthens balance sheet and adds shareholder value without hurting regulatory capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1787414/000119312525001946/0001193125-25-001946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1787414/000119312525001946/d912649d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-001946

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