Bogota Financial Corp. operates as the bank holding company for Bogota Savings Bank that provides banking products and services in the United States. It offers deposit accounts, including demand accounts, savings accounts, money market accounts, and certificate of deposit accounts. The company also provides one-to four-family residential real estate loans, and commercial real estate and multi-family loans; consumer loans, such as lines of credit; commercial and industrial loans; and construction loans, as well as buys, sells, and holds investment securities. The company was founded in 1893 and is based in Teaneck, New Jersey. Bogota Financial Corp. is a subsidiary of Bogota Financial, MHC.
Bogota Financial Corp. Reports Results for the Six Months Ended June 30, 2026
Bogota Financial reported net income of $1.5 million for the six months ended June 30, 2026, up from $955,000 in the prior year period, driven by a significant improvement in efficiency.
The company repurchased $2.0 million of its common stock and announced an agreement to acquire GSL Bank to expand its New Jersey footprint.
Asset quality metrics weakened as non-performing assets rose to 2.96% of total assets, while total deposits decreased 12% to $574.2 million, partially offset by increased FHLB advances.