---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-24-000372"
form_type: "8-K/A"
ticker: "BCTF"
cik: "0001668340"
company_name: "Bancorp 34, Inc."
filed_at: "2024-05-31T23:59:59+00:00"
generated_at: "2026-06-01T07:11:32.288842+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bancorp 34 files CBOA audited financials: net income $2.4M in 2023, down 30% YoY

## Summary
- CBOA total assets $434.8M, deposits $339.8M, loans $324.6M as of Dec 31, 2023.
- Net income $2.426M ($0.23 EPS) in 2023 vs $3.462M ($0.35 EPS) in 2022, down 30%.
- Net interest income rose 9.8% to $16.3M; non-interest expense up 21.5% to $13.4M.
- Adopted CECL on Jan 1, 2023; allowance for credit losses $3.85M (1.19% of loans).
- Merger of CBOA into Bancorp 34 completed March 19, 2024; financials provided as amendment.

## SEC filing metadata
- accession: 0001552781-24-000372
- form_type: 8-K/A
- ticker: BCTF
- cik: 0001668340
- company_name: Bancorp 34, Inc.
- filed_at: 2024-05-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1668340/000155278124000372/0001552781-24-000372-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1668340/000155278124000372/e24268_bctf-8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-24-000372
- JSON: https://secwatch.observer/filing/0001552781-24-000372.json
- Plain text: https://secwatch.observer/filing/0001552781-24-000372.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.