Bancorp 34 Inc
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
BCTF$16.18-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders’ Equity
(Dollars in Thousands, Except Number of Shares)
Years Ended December 31, 2024, and 2023
| Shares · Balances | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Other | |||||||||||
| Voting · Non-voting · Series A · Voting · Non-voting · Series A · Additional · Comprehensive · Unearned | |||||||||||
| Common · Common · Preferred · Common · Common · Preferred · Paid-In · Retained · Income · ESOP | |||||||||||
| Shares | Shares | Shares | Stock | Stock | Stock | Capital | Earnings | (Loss), Net | Shares | Total | |
| BALANCE, January 1, 2023 (as adjusted for the adoption of ASU 2016-13) | 3,032,606 | — | 521,849 | $30 | $— | $5 | $28,369 | 28,359 | $(6,773) | $(1,406) | $48,584 |
| Net loss | — | — | — | — | — | — | — | (3,402) | — | — | (3,402) |
| Other comprehensive income | — | — | — | — | — | — | — | — | 1,213 | — | 1,213 |
| Restricted stock award | 10,250 | — | — | — | — | — | — | — | — | — | — |
| Restricted stock forfeiture | (2,050) | — | — | — | — | — | — | — | — | — | — |
| Amortization of equity awards | — | — | — | — | — | — | 90 | — | — | 60 | 150 |
| Repurchase of common stock | (15,000) | — | — | — | — | — | (210) | — | — | — | (210) |
| Issuance of common stock, net of issuance costs | 848,089 | — | — | 9 | — | — | 10,858 | — | — | — | 10,867 |
| Issuance of Series A preferred stock, net of issuance costs | — | — | 298,266 | — | — | 3 | 4,172 | — | — | — | 4,175 |
| Conversion of Series A preferred stock to non voting common stock | — | 820,115 | (820,115) | — | 8 | (8) | — | — | — | — | — |
| Dividends paid - $0.14 per share | — | — | — | — | — | — | — | (656) | — | — | (656) |
| BALANCE, DECEMBER 31, 2023 | 3,873,895 | 820,115 | — | $39 | $8 | $— | $43,279 | 24,301 | $(5,560) | $(1,346) | $60,721 |
| Shares · Balances | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Accumulated | |||||||||||
| Other | |||||||||||
| Voting · Non-voting · Series A · Voting · Non-voting · Series A · Additional · Comprehensive · Unearned | |||||||||||
| Common · Common · Preferred · Common · Common · Preferred · Paid-In · Retained · Income · ESOP | |||||||||||
| Shares | Shares | Shares | Stock | Stock | Stock | Capital | Earnings | (Loss), Net | Shares | Total | |
| BALANCE, January 1, 2024 | 3,873,895 | 820,115 | — | $39 | $8 | $— | $43,279 | $24,301 | $(5,560) | $(1,346) | 60,721 |
| Net income | — | — | — | — | — | — | — | 1,689 | — | — | 1,689 |
| Other comprehensive loss | — | — | — | — | — | — | — | — | (18) | — | (18) |
| Equity awards | 49,276 | — | — | 1 | — | — | 753 | — | — | 59 | 813 |
| Issuance of common stock for the CBOA Merger, (Note 2) | 2,742,244 | — | — | 27 | — | — | 23,283 | — | — | — | 23,310 |
| BALANCE, DECEMBER 31, 2024 | 6,665,415 | 820,115 | — | $67 | $8 | $— | $67,315 | $25,990 | $(5,578) | $(1,287) | $86,515 |
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