BSBK

At December 31, 2025 , we had consolidated total assets of $904.9 million, total deposits of $652.4 million and total equity of $140.9 million.
Bergen County is the most populous county in New Jersey (out of 21 counties) with a population of approximately 1,002,000 compared to an estimated population of 916,000 for Essex County, 653,000 for Monmouth County, 678,000 for Ocean County, 534,000 for Morris County and 9.7 million for the entire state as of December 31, 2025 according to U.S.
Bergen, Essex, Monmouth, Ocean and Morris Counties have a median household income of approximately $124,000, $77,000, $123,000, $86,000 and $135,000, respectively, as of December 31, 2025 , according to U.S.
The median household income for New Jersey is approximately $104,000 and the median household income is approximately $85,000 for the United States.
As of December 2025 , the unemployment rate was 3.5% for Bergen County, 5.7% for Essex County, 4.5% for Monmouth County, 5.2% for Ocean County and 4.2% for Morris County, compared to 5.4% for New Jersey and a national rate of 4.3% according to US Bureau of Labor Statistics.
Based on FDIC data at June 30, 2025, (the latest date for which information is available), we had 0.82% of the FDIC-insured deposit market share in Bergen County, which was the 21st largest market share among the 43 institutions with offices in the county.
Based on FDIC data at June 30, 2025, we had 0.05% of the FDIC-insured deposit market share in Essex County, which was the 30th largest market share among the 30 institutions with offices in the county.
Based on FDIC data at June 30, 2025, we had 0.05% of the FDIC-insured deposit market share in Morris County, which was the 29 th largest market share among the 29 institutions with offices in the county.
The following tables set forth the contractual maturities of our total loan portfolio at December 31, 2025 .
At December 31, 2025 Residential Real Estate Commercial Real Estate Multi- Family Real Estate Construction Commercial and Industrial Consumer Total Loans (In thousands) Amounts due in: One year or less $ $ $ $ $ $ $ 2,987 More than one year through five years 12,413 52,378 9,071 13,676 2,192 - 89,730 More than five years through fifteen years 53,894 37,132 26,813 5,985 - 123,885 More than fifteen years 376,839 32,263 22,830 1,641 — - 433,573 Total $ 443,894 $ 121,961 $ 58,945 $ 22,046 $ 3,211 $ $ 650,175 The following table sets forth our fixed and adjustable-rate loans at December 31, 2025 that are contractually due after December 31, 2026 .
Fixed Rates Floating or Adjustable Rates Total (In thousands) Residential real estate loans $ 293,233 $ 149,913 $ 443,146 Commercial real estate loans 30,120 91,653 121,773 Multi-family real estate loans 4,625 54,089 58,714 Construction loans - 21,302 21,302 Commercial and industrial loans 2,060 2,253 Consumer loans - - - Total $ 330,038 $ 317,150 $ 647,188 Residenti al Real Estate Loans.
At December 31, 2025 , one- to four-family residential real estate loans totaled $443.9 million, or 68.3% of our total loan portfolio, and consisted of $294.0 million of fixed-rate loans and $149.9 million of adjustable-rate loans.
At December 31, 2025 , we had $180.9 million in commercial and multi-family real estate loans, representing 27.8% of our total loan portfolio.
At December 31, 2025 , commercial real estate loans totaled $122.0 million, of which $30.0 million was owner-occupied real estate and $92.0 million was sec ured by income producing, or non-owner-occupied real estate.
At December 31, 2025 , our largest commercial real estate loan totaled $8.6 million and was secured by a shopping mall located in our primary market area.
At December 31, 2025 , this loan was performing in accordance with its original terms.
At December 31, 2025 , multi-family real estate loans totaled $58.9 million representing 9.1% of our total loan portfolio.
At December 31, 2025 , our largest multi-family real estate loan had an outstanding balance of $7.4 million and was secured by an apar tment building located in our primary market area.
At December 31, 2025 , this loan was performing according to its original terms.
At December 31, 2025 , consumer loans totaled $118,000, representing less than 1.0% of our total loan portfolio.
At December 31, 2025 , residential construction loans totaled $1.6 million, or less than 1.0% of our total loan portfolio.
At December 31, 2025 , we had commercial construction loans that totaled $20.4 million, or 3.14% of our total loan portfolio.
At December 31, 2025 , we had one non-performing construction loan, which is being actively managed by the Company totaling $10.9 million and is considered well-secured with a loan-to-value of 41% based on an appraisal performed in March 2025.
At December 31, 2025 , commercial and industrial loans totaled $3.2 million, or 0.5% of tot al loans.
For the years ended December 31, 2025 we did not purchase any loans and for the year ended December 31, 2024 and we purchased $23.9 million from these mortgage brokers.
During the year ended December 31, 2025 , we purchased three loans totaling $2.7 million from correspondent banks and none in 2025.
At December 31, 2025 , the outstanding balances of our loan participations where we are not th e lead lender totaled $3.2 million, all of which were commercial or multi-family real estate loans.
All such loans were performing according to their original terms at December 31, 2025 .
At December 31, 2025 , based on the 15% limitation, Bogota Savings Bank’s loans-to-one-borrower limit was approx imately $19.9 million.
At December 31, 2025 , our largest loan relationship with a single borrower was for $16.1 m illion, which consisted of four loans secured by various commercial real estate and multi-family properties in our primary market area.
At or for the Years Ended December 31, 2025 2024 (Dollars in thousands) Gross loans $ 650,176 $ 714,337 Net loans 647,646 711,716 Average loans 686,850 713,138 Non-accrual loans 13,311 13,963 Allowance at beginning of year 2,621 2,786 Recovery for credit losses (130 ) (148 ) Provision (recovery) for off-balance sheet commitments (17 ) Charge offs: Residential real estate loans — — Commercial and multi-family real estate loans — — Construction loans — — Consumer loans — — Total charge-offs — — Recoveries: Residential real estate loans — — Commercial and multi-family real estate loans — — Construction loans — — Consumer loans — — Total recoveries — — Net recoveries — — Allowance for credit losses at end of period $ 2,530 $ 2,621 Allowance for credit losses to non-accrual loans at end of period 19.01 % 21.81 % Allowance for credit losses to total loans outstanding at end of period 0.39 % 0.39 % Non-accrual loans to total loans 2.04 % 1.78 % Net recoveries to average loans outstanding during period — % — % Net recoveries to average residential real estate loans outstanding during period — % — % Net recoveries to average commercial and multi-family real estate loans outstanding during period — % — % Net recoveries to average construction loans outstanding during period — % — % Net recoveries to average commercial and industrial loans outstanding during period — % — % Net recoveries to average consumer loans outstanding during period — % — % Allocation of Allowance for Credit Losses.
At December 31, 2025 2024 Allowance for Credit Losses Percent of Allowance in Category to Total Allocated Allowance Percent of Loans in Each Category to Total Loans Allowance for Loan Losses Percent of Allowance in Category to Total Allocated Allowance Percent of Loans in Each Category to Total Loans (Dollars in thousands) Residential real estate loans $ 1,618 63.95 % 68.28 % $ 1,681 64.14 % 66.19 % Commercial real estate loans 23.16 18.76 19.38 16.52 Multi-family real estate loans 9.53 9.07 11.03 10.38 Construction loans 2.73 3.39 4.69 6.05 Commercial and industrial loans 0.63 0.49 0.76 0.01 Consumer loans — — — — — — Total $ 2,530 100.00 % 100.00 % $ 2,621 100.00 % 100.00 % Investment Activities General.
The composition and maturities of the investment securities portfolio at December 31, 2025 are summarized in the following table.
One Year or Less More than One Year through Five Years More than Five Years through Ten Years More than Ten Years Total Weighted Average Yield Weighted Average Yield Weighted Average Yield Weighted Average Yield Fair Value Weighted Average Yield Securities available for sale: U.S. government and agency obligations — % 2.00 % — % — % $ 2,944 2.00 % Corporate bonds — 6.74 5.24 6.63 53,216 5.70 Municipal securities — — — 2.28 2.28 Mortgage-backed securities – residential — 3.11 5.1 5.07 89,984 5.07 Mortgage-backed securities – commercial — 4.36 2.59 2.40 11,494 2.21 Total — % 5.44 % 4.79 % 4.91 % $ 158,065 4.65 % Sources of Funds General.
Deposits are our primary source of funds for our lending and investment activities.
At December 31, 2025 , municipal deposits totaled $45 .1 million, which represented 6 .9 % of total deposits.
At December 31, 2025 , we had $109.7 million of brokered deposits (79 accounts), which represented 16.8% of total deposits and 77.9% of total capital at December 31, 2025 with such funds having a weighted average remaining term to maturity of seven months.
This compares to $101.6 million of brokered deposits (64 accounts), which represented 15.8% of total deposits and 74.0% of total capital at December 31, 2024 with such funds having a weighted average remaining term to maturity of 13 months.
At December 31, 2025 2024 Amount Percent Average Rate Amount Percent Average Rate Noninterest bearing demand accounts $ 28,177,516 4.32 % — % $ 32,681,963 5.09 % — % NOW accounts 65,532,122 10.04 2.76 55,378,051 8.62 2.53 Money market accounts 10,244,512 1.57 0.44 13,996,460 2.18 0.58 Savings accounts 54,558,439 8.36 2.13 46,851,793 7.30 1.90 Certificates of deposit 493,934,468 75.70 3.75 493,279,775 76.81 4.37 Total $ 652,447,057 100.00 % 3.30 % $ 642,188,042 100.00 % 3.73 % As of December 31, 2025 , the aggregate amount of uninsured deposits (deposits in amounts greater than $250,000, which is the maximum amount for federal deposit insurance) for checking accounts (noninterest bearing demand accounts, NOW accounts and money market accounts), savings accounts and certificates of deposit was $58.2 million, $17.5 million and $196.9, millio n respectively.
As of December 31, 2024 , the aggregate amount of uninsured deposits (deposits in amounts greater than or equal to $250,000, which is the maximum amount for federal deposit insurance) for noninterest bearing demand accounts, NOW accounts and money market accounts, savings accounts and certificates of deposit w as $11.0 million, $2.1 million and $31.6 m illion respectively.

and 52 more.

Gone since FY2024

At December 31, 2024 , we had consolidated total assets of $971.5 million, total deposits of $642.2 million and total equity of $137.3 million.
Bergen County is the most populous county in New Jersey (out of 21 counties) with a population of approximately 958,000 compared to an estimated population of 851,000 for Essex County, 643,000 for Monmouth County, 659,000 for Ocean County, 514,000 for Morris County and 9.3 million for the entire state as of December 31, 2024 according to U.S.
Bergen, Essex, Monmouth, Ocean and Morris Counties have a median household income of approximately $114,000, $75,000, $118,000, $81,000 and $132,000, respectively, as of December 31, 2024 , according to U.S.
The median household income for New Jersey is approximately $101,000 and the median household income is approximately $81,000 for the United States.
As of December 2024 , the unemployment rate was 3.5% for Bergen County, 5.4% for Essex County, 3.6% for Monmouth County, 4.0% for Ocean County and 3.4% for Morris County, compared to 4.6% for New Jersey and a national rate of 4.0% according to US Bureau of Labor Statistics.
Based on FDIC data at June 30, 2024, (the latest date for which information is available), we had 0.86% of the FDIC-insured deposit market share in Bergen County, which was the 19 th largest market share among the 43 institutions with offices in the county.
Based on FDIC data at June 30, 2024, we had 0.06% of the FDIC-insured deposit market share in Essex County, which was the 30th largest market share among the 30 institutions with offices in the county.
Based on FDIC data at June 30, 2024, we had 0.14% of the FDIC-insured deposit market share in Morris County, which was the 24 th largest market share among the 29 institutions with offices in the county.
The following tables set forth the contractual maturities of our total loan portfolio at December 31, 2024 .
At December 31, 2024 Residential Real Estate Commercial Real Estate Multi- Family Real Estate Construction Commercial and Industrial Consumer Total Loans (In thousands) Amounts due in: One year or less $ 7,803 $ $ $ 11,856 $ 3,026 $ $ 23,076 More than one year through five years 15,083 26,479 6,000 25,878 3,020 - 76,460 More than five years through fifteen years 64,806 62,720 42,238 5,201 - 175,083 More than fifteen years 385,055 28,780 25,634 — - 439,718 Total $ 472,747 $ 118,009 $ 74,152 $ 43,184 $ 6,164 $ $ 714,337 The following table sets forth our fixed and adjustable-rate loans at December 31, 2024 that are contractually due after December 31, 2025 .
Fixed Rates Floating or Adjustable Rates Total (In thousands) Residential real estate loans $ 310,774 $ 154,170 $ 464,944 Commercial real estate loans 33,205 84,774 117,979 Multi-family real estate loans 4,999 68,873 73,872 Construction loans - 31,328 31,328 Commercial and industrial loans 2,884 3,138 Consumer loans - - - Total $ 351,862 $ 339,399 $ 691,261 Residenti al Real Estate Loans.
At December 31, 2024 , one- to four-family residential real estate loans totaled $472.7 million, or 66.2% of our total loan portfolio, and consisted of $318.5 million of fixed-rate loans and $154.2 million of adjustable-rate loans.
At December 31, 2024 , we had $192.2 million in commercial and multi-family real estate loans, representing 26.9% of our total loan portfolio.
At December 31, 2024 , commercial real estate loans totaled $118.0 million, of which $30.7 million was owner-occupied real estate and $87.3 million was sec ured by income producing, or non-owner-occupied real estate.
At December 31, 2024 , our largest commercial real estate loan totaled $8.6 million and was secured by a shopping mall located in our primary market area.
At December 31, 2024 , this loan was performing in accordance with its original terms.
At December 31, 2024 , multi-family real estate loans totaled $74.2 million representing 10.4% of our total loan portfolio.
At December 31, 2024 , our largest multi-family real estate loan had an outstanding balance of $7.4 million and was secured by an apar tment building located in our primary market area.
At December 31, 2024 , this loan was performing according to its original terms.
At December 31, 2024 , consumer loans totaled $81,000, representing less than 1.0% of our total loan portfolio.
At December 31, 2024 , residential construction loans totaled $249,000, or less than 1.0% of our total loan portfolio.
At December 31, 2024 , we had commercial construction loans that totaled $42.9 million, or 6.01% of our total loan portfolio.
At December 31, 2024 , we had one non-performing construction loan, which is being actively managed by the Company totaling $10.9 million and is considered well-secured with a loan-to-value of 41% based on an appraisal performed in November 2024.
At December 31, 2024 , commercial and industrial loans totaled $6.2 million, or 0.9% of tot al loans.
For the years ended December 31, 2024 and 2023 , we purchased for our portfo lio $23.9 million an d $15.2 million, respectively, of loans from these mortgage brokers.
During the year ended December 31, 2024 , we purchased three loans totaling $2.7 million from correspondent banks.
At December 31, 2024 , the outstanding balances of our loan participations where we are not th e lead lender totaled $15.2 million, all of which were commercial or multi-family real estate loans.
All such loans were performing according to their original terms at December 31, 2024 .
At December 31, 2024 , based on the 15% limitation, Bogota Savings Bank’s loans-to-one-borrower limit was approx imately $19.4 million.
At December 31, 2024 , our largest loan relationship with a single borrower was for $16.2 m illion, which consisted of four loans secured by various commercial real estate and multi-family properties in our primary market area.
At or for the Years Ended December 31, 2024 2023 (Dollars in thousands) Gross loans $ 714,337 $ 717,475 Net loans 711,716 714,689 Average loans 713,138 713,799 Non-accrual loans 13,963 12,776 Allowance at beginning of year 2,786 2,861 Recovery for credit losses (148 ) (125 ) Recovery for off-balance sheet commitments (17 ) — Charge offs: Residential real estate loans — — Commercial and multi-family real estate loans — — Construction loans — — Consumer loans — — Total charge-offs — — Recoveries: Residential real estate loans — — Commercial and multi-family real estate loans — — Construction loans — — Consumer loans — — Total recoveries — — Net recoveries — — Allowance for credit losses at end of period $ 2,621 $ 2,786 Allowance for credit losses to non-accrual loans at end of period 18.77 % 21.81 % Allowance for credit losses to total loans outstanding at end of period 0.37 % 0.39 % Non-accrual loans to total loans 1.95 % 1.78 % Net recoveries to average loans outstanding during period — % — % Net recoveries to average residential real estate loans outstanding during period — % — % Net recoveries to average commercial and multi-family real estate loans outstanding during period — % — % Net recoveries to average construction loans outstanding during period — % — % Net recoveries to average commercial and industrial loans outstanding during period — % — % Net recoveries to average consumer loans outstanding during period — % — % Allocation of Allowance for Credit Losses.
At December 31, 2024 2023 Allowance for Credit Losses Percent of Allowance in Category to Total Allocated Allowance Percent of Loans in Each Category to Total Loans Allowance for Loan Losses Percent of Allowance in Category to Total Allocated Allowance Percent of Loans in Each Category to Total Loans (Dollars in thousands) Residential real estate loans $ 1,681 64.14 % 66.19 % $ 1,852 66.47 % 67.75 % Commercial real estate loans 19.38 16.52 15.69 13.91 Multi-family real estate loans 11.03 10.38 11.38 10.54 Construction loans 4.69 6.05 5.67 6.87 Commercial and industrial loans 0.76 0.86 0.79 0.93 Consumer loans — — — — — — Total $ 2,621 100.00 % 100.00 % $ 2,786 100.00 % 100.00 % Investment Activities General.
The composition and maturities of the investment securities portfolio at December 31, 2024 are summarized in the following table.
One Year or Less More than One Year through Five Years More than Five Years through Ten Years More than Ten Years Total Weighted Average Yield Weighted Average Yield Weighted Average Yield Weighted Average Yield Fair Value Weighted Average Yield Securities available for sale: U.S. government and agency obligations 2.23 % 2.00 % — % — % $ 12,793 2.18 % Corporate bonds 6.00 5.93 6.41 7.21 38,230 6.38 Municipal securities — — — 2.28 2.28 Mortgage-backed securities – residential — 2.81 6.32 4.75 74,553 4.80 Mortgage-backed securities – commercial 2.29 5.07 2.65 2.36 14,334 2.63 Total 2.34 % 4.95 % 5.78 % 4.66 % $ 140,308 4.74 % Sources of Funds General.
Deposits have traditionally been our primary source of funds for our lending and investment activities.
At December 31, 2024 , municipal deposits totaled $ 30.7 million, which represented 4.8 % of total deposits.
At December 31, 2024 , we had $101.6 million of brokered deposits (64 accounts), which represented 15.8% of total deposits and 74.0% of total capital at December 31, 2024 with such funds having a weighted average remaining term to maturity of seven months.
This compares to $53.3 million of brokered deposits (63 accounts), which represented 8.5% of total deposits and 38.9% of total capital at December 31, 2023 with such funds having a weighted average remaining term to maturity of 13 months.
At December 31, 2024 2023 Amount Percent Average Rate Amount Percent Average Rate Noninterest bearing demand accounts $ 32,681,963 5.09 % — % $ 30,554,842 4.89 % — % NOW accounts 55,378,051 8.62 2.53 41,320,723 6.61 1.90 Money market accounts 13,996,460 2.18 0.58 14,641,846 2.34 0.30 Savings accounts 46,851,793 7.30 1.90 45,554,964 7.28 1.76 Certificates of deposit 493,279,775 76.81 4.37 493,274,767 78.88 4.00 Total $ 642,188,042 100.00 % 3.73 % $ 625,347,142 100.00 % 3.42 % As of December 31, 2024 , the aggregate amount of uninsured deposits (deposits in amounts greater than $250,000, which is the maximum amount for federal deposit insurance) for checking accounts (noninterest bearing demand accounts, NOW accounts and money market accounts), savings accounts and certificates of deposit was $11.0 million, $2.1 million and $31.6, millio n respectively.
As of December 31, 2023 , the aggregate amount of uninsured deposits (deposits in amounts greater than or equal to $250,000, which is the maximum amount for federal deposit insurance) for noninterest bearing demand accounts, NOW accounts and money market accounts, savings accounts and certificates of deposit w as $42.1 million, $8.3 million and $135.1 m illion respectively.

and 66 more.

Sentence-level comparison of Item 1A in the two most recent 10-Ks (FY2024 ↗, FY2025 ↗). A reworded sentence counts as one dropped and one added, so heavy edits read as low “kept”. Headings and page furniture are stripped; nothing is summarised by a model.

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