Bogota Financial Corp.
Bogota Financial Corp. is the holding company for Bogota Savings Bank, a community-oriented U.S. savings institution focused on gathering deposits and originating loans in its local market area. Its balance sheet is centered on residential real estate lending, construction lending, commercial real estate, and securities, funded primarily by customer deposits and borrowings. The company also uses Federal Home Loan Bank funding and correspondent bank lines to manage liquidity. Because it operates as a savings institution rather than a diversified financial conglomerate, its performance is closely tied to local credit conditions, deposit competition, and interest-rate movements.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueCore deposit products used to fund lending and support liquidity, including customer deposits and municipal deposits.
One- to four-family mortgage loans and related residential real estate credit products.
Commercial real estate and construction loans that provide higher-yielding credit exposure to local borrowers.
Smaller consumer and miscellaneous lending products serving local retail customers.
Available-for-sale securities, cash management, and funding sources used to support balance-sheet liquidity.
Customers
Bogota Financial serves households and local borrowers in its market area, with a lending mix that is heavily weighted toward residential real estate. Its deposit base comes from retail customers and municipal or other institutional depositors that value relationship banking and local branch access. The company also relies on borrowers seeking construction and commercial real estate financing, which tends to be relationship-driven and tied to local property markets. On the funding side, it uses FHLB advances and correspondent bank lines to supplement deposits when loan demand or deposit flows require additional liquidity.
Households and local savers who place checking, savings, and time deposits with the bank because of convenience, relationship banking, and perceived safety.
Individuals and families obtaining one- to four-family real estate loans for home purchase, refinance, or home equity needs.
Local property owners and small businesses that borrow against income-producing real estate or owner-occupied properties.
Developers and builders seeking short-duration financing for residential or small commercial projects.
Public-sector and other institutional customers that place deposits and require collateralized funding arrangements.
Strategy
Bogota Financial’s strategy is centered on managing interest-rate risk while preserving liquidity and capital in a deposit-funded balance sheet. Management explicitly emphasizes originating and purchasing adjustable-rate loans, promoting core deposits, and using FHLB borrowings and brokered deposits selectively depending on the rate environment. The company also keeps a majority of its investments available-for-sale, which gives it flexibility to respond to funding needs and market changes. In addition, it seeks to diversify the loan portfolio and strengthen capital, which is important for a community bank exposed to local credit cycles and real estate conditions.
The bank’s assets reprice differently from its deposit and borrowing base, so managing margin sensitivity is central to earnings stability.
Stable deposits lower funding costs and reduce dependence on wholesale borrowings during periods of deposit outflow or loan growth.
A more balanced loan mix reduces exposure to local real estate cycles and improves resilience in a community banking model.
Stronger capital supports regulatory compliance, funding confidence, and the ability to absorb credit or valuation shocks.
Geography
Bogota Financial’s business is concentrated in the United States and appears to be centered on a local or regional market area rather than a broad national footprint. The company’s disclosures emphasize conditions in its market area, including local real estate values, loan demand, and deposit competition, which indicates that geography is a major driver of performance. It also maintains funding relationships with the Federal Home Loan Bank of New York and correspondent banks, both of which are U.S.-based liquidity sources. Because the loan book is tied to local residential and commercial property markets, regional economic weakness or housing stress would directly affect credit quality and growth.
Risks
Bogota Financial faces the classic risks of a community savings institution: credit deterioration, deposit competition, and sensitivity to interest-rate changes. Its disclosures highlight exposure to local economic weakness, real estate value declines, loan delinquencies, and changes in uninsured deposits, all of which can pressure earnings and liquidity. The company also depends on wholesale funding sources such as FHLB advances, so funding costs can rise quickly if deposit flows weaken or market rates move higher. Operational and regulatory risks are also meaningful, including cybersecurity, technology maintenance, capital requirements, and changes in accounting or banking rules.
The company’s assets, mainly loans and securities, have longer maturities than its deposits and borrowings, which can reduce earnings and capital when rates move sharply.
Exposure: Net interest margin and fair value of securities
A large share of lending is tied to residential, commercial, and construction real estate, making the loan book sensitive to property-market weakness.
The bank depends on customer deposits and wholesale funding, so competition for deposits or deposit runoff can raise funding costs and reduce flexibility.
The company explicitly cites cyber risk against its own systems and those of vendors, which could disrupt service or expose customer data.
As a regulated savings institution, changes in banking rules, fees, or capital standards can affect profitability and growth capacity.
Accounting
Judgemental itemsManagement must estimate future losses using delinquency, charge-off, and economic assumptions, which can materially change reported earnings and capital.
Impact: Provision expense and loan carrying values
Securities are marked to market, so interest-rate changes affect unrealized gains and losses and can move equity even without sales.
Impact: Accumulated other comprehensive income and liquidity presentation
Occupancy, equipment, and legal fees can be lumpy due to transactions such as sale-leasebacks or problem-loan work, affecting quarterly comparability.
Impact: Operating expense trend and pre-tax income
Tax expense or benefit can change materially with pre-tax income fluctuations, making quarter-to-quarter tax rates less stable.
Impact: Net income and effective tax rate
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Last updated: 24/09/2026