secwatch.observer — SEC 8-K summary
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Issuer:     Bogota Financial Corp. (BSBK)
CIK:        0001787414
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001193125-25-109420
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bogota Financial posts Q1 net income of $731K vs year-ago loss; one-time death benefit helps
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- Net income of $731K ($0.06/share) vs net loss of $441K ($0.03/share) in prior year period.
- Net interest income increased $942K to $3.6M due to lower deposit costs and higher loan yields.
- Recorded $543K one-time death benefit from bank-owned life insurance.
- Total assets decreased $41.3M to $930.2M; deposits down $9.2M; FHLB advances down $32.4M.
- No stock repurchase program outstanding; 238,258 shares repurchased under prior program at $1.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1787414/000119312525109420/0001193125-25-109420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1787414/000119312525109420/d853270d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-109420

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