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Midas Edge

BCB BANCORP INC

For the period ended Jun 30, 2025. Filed Aug 6, 2025.

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About this filing

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.

Jun 30, 2025 · Filed Aug 6, 2025

BCBP$9.170.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Consolidated Statements of Operations for the three and six months ended June 30, 2025, 2024 and 2023 (unaudited)

Consolidated Statements of Operations

(In thousands, Except for Per Share Amounts, Unaudited)

Three Months Ended June 30,Six Months Ended June 30,
202520242023202520242023
Interest and dividend income:
Loans, including fees$38,650$44,036$42,644$77,577$87,758$81,533
Mortgage-backed securities7652971841,326602370
Other investment securities1,0571,0061,0702,0251,9812,190
FHLB stock and other interest earning assets2,7094,1063,3396,4458,3895,496
Total interest income43,18149,44547,23787,37398,73089,589
Interest expense:
Deposits:
Demand5,5845,3494,19011,00210,6067,344
Savings and club217152143368318261
Certificates of deposit9,17014,5718,47419,93229,55414,927
14,97120,07212,80731,30240,47822,532
Borrowings5,1085,7347,44110,96411,47012,597
Total interest expense20,07925,80620,24842,26651,94835,129
Net interest income23,10223,63926,98945,10746,78254,460
Provision for credit losses4,8912,4381,35025,7364,5261,972
Net interest income after provision for credit losses18,21121,20125,63919,37142,25652,488
Non-interest (loss) income:
Fees and service charges1,3051,1191,4422,4782,3342,540
BOLI income7866712671,3941,346688
(Loss) gain on sales of loans-(4,851)--(4,806)6
Realized and unrealized losses on equity investments(108)(222)(669)(223)(92)(3,896)
Other93497821893116
Total non-interest income (loss)2,076(3,234)1,1183,867(1,125)(546)
Non-interest expense:
Salaries and employee benefits7,7136,9927,71115,11613,97315,329
Occupancy and equipment2,5022,5292,5605,2255,1735,112
Data processing and communications2,0461,6721,7953,8903,5253,460
Professional fees7676046221,4591,1991,188
Director fees313254270731531535
Regulatory assessments8049537961,5132,0951,332
Advertising and promotional216253350395469628
Other real estate owned, net--1--2
Other9077306011,5991,860974
Total non-interest expense15,26813,98714,70629,92828,82528,560
Income (Loss) before income tax provision5,0193,98012,051(6,690)12,30623,382
Income tax provision (benefit)1,4551,1633,447(1,930)3,6236,672
Net Income (Loss)$3,564$2,817$8,604$(4,760)$8,683$16,710
Preferred stock dividends482448174964882347
Net Income (Loss) available to common stockholders$3,082$2,369$8,430$(5,724)$7,801$16,363
Net Income (Loss) per common share-basic and diluted
Basic$0.18$0.14$0.50$(0.33)$0.46$0.97
Diluted$0.18$0.14$0.50$(0.33)$0.46$0.96
Weighted average number of common shares outstanding
Basic17,17517,00516,82417,14416,96816,886
Diluted17,17517,00516,83117,14416,96817,010

Consolidated Statements of Comprehensive Income (Loss)

(In thousands, Unaudited)

Three Months Ended June 30,Six Months Ended June 30,
202520242023202520242023
Net Income (Loss)$3,564$2,817$8,604$(4,760)$8,683$16,710
Other comprehensive income (loss), net of tax:
Available-for-sale debt securities:
Unrealized holding gains (losses) arising during the period226(227)(3,803)1,513(404)(3,790)
Tax Effect(56)56995(373)100860
Other comprehensive income (loss), net of tax:170(171)(2,808)1,140(304)(2,930)
Comprehensive income$3,734$2,646$5,796$(3,620)$8,379$13,780
Preferred‎Stock · Common‎Stock · Additional‎Paid-In‎Capital · Retained‎Earnings · Treasury‎Stock · Accumulated‎Other‎Comprehensive‎Income‎(Loss) · Total
Balance at January 1, 2025$-$-$225,658$141,853$(38,347)$(5,239)$323,925
Net loss---(4,760)--(4,760)
Other comprehensive income-----1,1401,140
Issuance of Series K preferred stock--520---520
Stock-based compensation expense--551---551
Dividends payable on Series J 8.0% and Series K 6% noncumulative perpetual preferred stock---(964)--(964)
Cash dividends on common stock ($0.32 per share declared)---(5,347)--(5,347)
Dividend reinvestment plan--155(155)---
Stock Purchase Plan--670---670
Balance at June 30, 2025$-$-$227,554$130,627$(38,347)$(4,099)$315,735
Preferred‎Stock · Common‎Stock · Additional‎Paid-In‎Capital · Retained‎Earnings · Treasury‎Stock · Accumulated‎Other‎Comprehensive‎Income (Loss) · Total
Balance at April 1, 2025$-$-$227,047$130,291$(38,347)$(4,269)$314,722
Net income---3,564--3,564
Other comprehensive income-----170170
Stock-based compensation expense--230---230
Dividends payable on Series J 8.0% and Series K 6% noncumulative perpetual preferred stock---(482)--(482)
Cash dividends on common stock ($0.16 per share declared)---(2,668)--(2,668)
Dividend reinvestment plan--78(78)---
Stock Purchase Plan--199---199
Balance at June 30, 2025$-$-$227,554$130,627$(38,347)$(4,099)$315,735

‎

Preferred‎Stock · Common‎Stock · Additional‎Paid-In‎Capital · Retained‎Earnings · Treasury‎Stock · Accumulated‎Other‎Comprehensive‎Income‎(Loss) · Total
Balance at January 1, 2024$-$-$223,966$135,927$(38,347)$(7,491)$314,055
Net income---8,683--8,683
Other comprehensive loss-----(304)(304)
Issuance of Series J preferred stock--3,360---3,360
Stock-based compensation expense--397---397
Dividends payable on Series I 3.0% and Series J 8.0% noncumulative perpetual preferred stock---(882)--(882)
Cash dividends on common stock ($0.32 per share declared)---(5,202)--(5,202)
Dividend reinvestment plan--217(217)---
Stock Purchase Plan--625---625
Balance at June 30, 2024$-$-$228,565$138,309$(38,347)$(7,795)$320,732
Preferred‎Stock · Common‎Stock · Additional‎Paid-In‎Capital · Retained‎Earnings · Treasury‎Stock · Accumulated‎Other‎Comprehensive‎Income (Loss) · Total
Balance at April 1, 2024$-$-$227,459$138,643$(38,347)$(7,624)$320,131
Net income---2,817--2,817
Other comprehensive loss-----(171)(171)
Issuance of Series J preferred stock--670---670
Stock-based compensation expense--202---202
Dividends payable on Series I 3.0% and Series J 8.0% noncumulative perpetual preferred stock---(448)--(448)
Cash dividends on common stock ($0.16 per share declared)---(2,594)--(2,594)
Dividend reinvestment plan--109(109)---
Stock Purchase Plan--125---125
Balance at June 30, 2024$-$-$228,565$138,309$(38,347)$(7,795)$320,732

‎

Preferred‎Stock · Common‎Stock · Additional‎Paid-In‎Capital · Retained‎Earnings · Treasury‎Stock · Accumulated‎Other‎Comprehensive‎Income‎(Loss) · Total
Balance at December 31, 2022$-$-$217,167$115,109$(34,531)$(6,491)$291,254
Effect of Adopting ASU No. 2016 -13 ("CECL")---2,870--2,870
Beginning Balance at January 1, 2023--217,167117,979(34,531)(6,491)294,124
Net income---16,710--16,710
Other comprehensive loss-----(2,930)(2,930)
Exercise of stock options (61,000 shares)--418---418
Stock-based compensation expense--217---217
Treasury Stock Purchases (266,753 shares)----(3,816)-(3,816)
Dividends payable on Series H 3.5% and Series I 3.0% noncumulative perpetual preferred stock---(347)--(347)
Cash dividends on common stock ($0.32 per share declared)---(5,280)--(5,280)
Dividend reinvestment plan--195(195)---
Stock Purchase Plan--527---527
Balance at June 30, 2023$-$-$218,524$128,867$(38,347)$(9,421)$299,623
Preferred‎Stock · Common‎Stock · Additional‎Paid-In‎Capital · Retained‎Earnings · Treasury‎Stock · Accumulated‎Other‎Comprehensive‎Income (Loss) · Total
Balance at April 1, 2023$-$-$218,200$123,121$(37,090)$(6,613)$297,618
Net income---8,604--8,604
Other comprehensive loss-----(2,808)(2,808)
Stock-based compensation expense--111---111
Treasury Stock Purchases (115,000 shares)----(1,257)-(1,257)
Dividends payable on Series H 3.5% and Series I 3.0% noncumulative perpetual preferred stock---(174)--(174)
Cash dividends on common stock ($0.16 per share declared)---(2,593)--(2,593)
Dividend reinvestment plan--91(91)---
Stock Purchase Plan--122---122
Balance at June 30, 2023$-$-$218,524$128,867$(38,347)$(9,421)$299,623

‎

BCB

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.