BCB BANCORP INC
For the period ended Mar 31, 2025. Filed May 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
BCBP$9.170.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations for the three months ended March 31, 2025, 2024 and 2023 (unaudited)
Consolidated Statements of Operations
(In thousands, Except for Per Share Amounts, Unaudited)
| Three Months Ended March 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Interest and dividend income: | |||
| Loans, including fees | $38,927 | $43,722 | $38,889 |
| Mortgage-backed securities | 561 | 305 | 186 |
| Other investment securities | 968 | 975 | 1,120 |
| FHLB stock and other interest earning assets | 3,736 | 4,283 | 2,157 |
| Total interest and dividend income | 44,192 | 49,285 | 42,352 |
| Interest expense: | |||
| Deposits: | |||
| Demand | 5,418 | 5,257 | 3,154 |
| Savings and club | 151 | 166 | 118 |
| Certificates of deposit | 10,762 | 14,983 | 6,453 |
| 16,331 | 20,406 | 9,725 | |
| Borrowings | 5,856 | 5,736 | 5,156 |
| Total interest expense | 22,187 | 26,142 | 14,881 |
| Net interest income | 22,005 | 23,143 | 27,471 |
| Provision for credit losses | 20,845 | 2,088 | 622 |
| Net interest income after provision for credit losses | 1,160 | 21,055 | 26,849 |
| Non-interest income (loss): | |||
| Fees and service charges | 1,173 | 1,215 | 1,098 |
| BOLI income | 608 | 675 | 421 |
| Gain on sales of loans | - | 45 | 6 |
| Gain on sale of fixed asset | - | 4 | - |
| Realized and unrealized (losses) gains on equity investments | (115) | 130 | (3,227) |
| Other | 125 | 40 | 38 |
| Total non-interest income (loss) | 1,791 | 2,109 | (1,664) |
| Non-interest expense: | |||
| Salaries and employee benefits | 7,403 | 6,981 | 7,618 |
| Occupancy and equipment | 2,723 | 2,644 | 2,552 |
| Data processing and communications | 1,844 | 1,853 | 1,665 |
| Professional fees | 692 | 595 | 566 |
| Director fees | 418 | 277 | 265 |
| Regulatory assessments | 709 | 1,142 | 536 |
| Advertising and promotional | 179 | 216 | 278 |
| Other real estate owned, net | - | - | 1 |
| Other | 692 | 1,130 | 373 |
| Total non-interest expense | 14,660 | 14,838 | 13,854 |
| (Loss) Income before income tax provision | (11,709) | 8,326 | 11,331 |
| Income tax (benefit) provision | (3,385) | 2,460 | 3,225 |
| Net (Loss) Income | $(8,324) | $5,866 | $8,106 |
| Preferred stock dividends | 482 | 434 | 173 |
| Net (Loss) Income available to common stockholders | $(8,806) | $5,432 | $7,933 |
| Net (Loss) Income per common share-basic and diluted | |||
| Basic | $(0.51) | $0.32 | $0.47 |
| Diluted | $(0.51) | $0.32 | $0.46 |
| Weighted average number of common shares outstanding | |||
| Basic | 17,113 | 16,930 | 16,949 |
| Diluted | 17,113 | 16,939 | 17,208 |
Consolidated Statements of Comprehensive Income (Loss)
(In thousands, Unaudited)
| Three Months Ended March 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Net (Loss) Income | $(8,324) | $5,866 | $8,106 |
| Other comprehensive loss, net of tax: | |||
| Available-for-sale debt securities: | |||
| Unrealized holding gains (losses) arising during the period | 1,287 | (177) | 13 |
| Tax effect | (317) | 44 | (135) |
| Other comprehensive income (loss) | 970 | (133) | (122) |
| Comprehensive (loss) income | $(7,354) | $5,733 | $7,984 |
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