BSBKHIGH SIGNALRISK10-K

BSBK showed dramatic financial volatility with a 583% surge in credit loss provisions and 207% spike in interest expenses, while simultaneously adding extensive new cybersecurity governance disclosures.

The massive increase in provision for credit losses signals potential deterioration in loan portfolio quality, while the doubling of interest expenses indicates significant margin pressure in the rising rate environment. The addition of detailed cybersecurity governance language suggests either new regulatory requirements or recent security incidents that prompted enhanced risk management protocols.

Comparing 2026-03-27 vs 2025-03-28View on EDGAR →
FINANCIAL ANALYSIS

BSBK demonstrated extreme financial volatility, swinging from a $2.2M net loss to $2.1M profit despite facing massive headwinds from a 583% increase in credit loss provisions and 207% surge in interest expenses. The company improved operating cash flow from negative $2.6M to positive $3.2M while dramatically cutting capital expenditures by 88%, and cash position declined significantly by 32% to $35.6M. This financial profile suggests a bank under stress that managed to return to profitability through aggressive cost-cutting and potentially unsustainable reductions in investment spending.

FINANCIAL STATEMENT CHANGES
Provision for Credit Losses
P&L
+583%
-$88K→$425K

Credit loss provisions surged 583% — management flagging significant deterioration in loan quality ahead.

Operating Cash Flow
Cash Flow
+225.1%
-$2.6M→$3.2M

Operating cash flow surged 225.1% — exceptional cash generation, highest quality earnings signal.

Interest Expense
P&L
+206.9%
$7.3M→$22.3M

Interest expense surged 206.9% — significant debt increase or rising rates materially impacting earnings.

Net Income
P&L
+196.3%
-$2.2M→$2.1M

Net income grew 196.3% — bottom-line growth signals improving overall business health.

Capital Expenditure
Cash Flow
-88.2%
$595K→$70K

Capex reduced 88.2% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Share Buybacks
Cash Flow
-33.6%
$1.7M→$1.1M

Buyback activity reduced 33.6% — capital being redeployed elsewhere or cash conservation underway.

Cash & Equivalents
Balance Sheet
-31.8%
$52.2M→$35.6M

Cash declined 31.8% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.

LANGUAGE CHANGES
NEW — 2026-03-27
PRIOR — 2025-03-28
ADDED
false --12-31 FY 2025 true The information security program, policies, and standards are managed by the Bank's Information Security Officer (the "ISO"), who leads the enterprise wide technology risk management function.
The ISO acts as the second line of defense and provides risk oversight for the Bank s technology operating infrastructure and operations.
The ISO manages testing of technology controls, technology risk assessments, risk reporting, information security third-party due diligence, monitoring the implementation of risk mitigation actions, and tracking their effectiveness over time.
The Bank's internal auditors and Board of Directors act as the third line of defense, providing the independent assurance function.
true true true false As part of our governance structure, the Board of Directors, Chief Executive Officer and VP of IT play an active role in overseeing our cybersecurity program.
+7 more — sign up free →
REMOVED
As of March 27, 2025 there were 13,059,175 outstanding shares of the registrant s common stock, of which 8,504,556 shares are owned by Bogota Financial, MHC.
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.
+7 more — sign up free →
MORE RISK SIGNALS
CAPSHIGHCAPS underwent a major business expansion through acquisitions while experiencin...
2026-04-16
KALAHIGHKALA has undergone a dramatic business transformation with massive share dilutio...
2026-04-15
RAINHIGHRain Enhancement Technologies underwent a financial restatement revealing signif...
2026-04-15
POLAHIGHPOLA experienced severe financial deterioration with gross profit turning negati...
2026-04-15
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →