Bancorp 34 Inc 2025年度报告

Consolidated Financial ReportDecember 31, 2025 Independent Auditor's Report1-2Consolidated Financial StatementsBalance Sheet3 - 4Statement of Income5Statement of Comprehensive Income6Statement of Changes in Stockholders' Equity7Statement of Cash Flows8Notes to Consolidated Financial Statements9 - 48 Independent Auditor's Report To the Shareholders and the Board of DirectorsBancorp 34, Inc. Opinion We have audited the consolidated financial statements of Bancorp 34, Inc. (the "Company"), which comprise theconsolidated balance sheets as of December 31, 2025 and the related consolidated statements of income,comprehensive income, changes in stockholders' equity, and cash flows for the year then ended, and the relatednotes to the consolidated financial statements. In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, thefinancial position of the Company as of December 31, 2025 and the results of its operations and its cash flows forthe year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinion We conducted our audit in accordance with auditing standards generally accepted in the United States of America(GAAS). Our responsibilities under those standards are further described in theAuditor's Responsibilities for theAudit of the Consolidated Financial Statementssection of our report. We are required to be independent of theCompany and to meet our ethical responsibilities in accordance with the relevant ethical requirements relating toour audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis forour audit opinion. Responsibilities of Management for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of the consolidated financial statements inaccordance with accounting principles generally accepted in the United States of America and for the design,implementation,and maintenance of internal control relevant to the preparation and fair presentation ofconsolidated financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated financial statements, management is required to evaluate whether there areconditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability tocontinue as a going concern within one year after the date that the consolidated financial statements are issued oravailable to be issued. Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as awhole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report thatincludes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and,therefore, is not a guarantee that an audit conducted in accordance with GAAS will always detect a materialmisstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher thanfor one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, orthe override of internal control. Misstatements are considered material if there is a substantial likelihood that,individually or in the aggregate, they would influence the judgment made by a reasonable user based on theconsolidated financial statements. To the Shareholders and the Board of DirectorsBancorp 34, Inc. In performing an audit in accordance with GAAS, we: •Exercise professional judgment and maintain professional skepticism throughout the audit.•Identify and assess the risks of material misstatement of the consolidated financial statements, whether due tofraud or error, and design and perform audit procedures responsive to those risks. Such procedures includeexamining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financialstatements.•Obtain an understanding of internal control relevant to the audit in order to design audit procedures that areappropriate in the circumstances but not for the purpose of expressing an opinion on the effectiveness of theCompany's internal control. Accordingly, no such opinion is expressed.•Evaluate the appropriateness of accounting policies used and the reasonableness of significant accountingestimates made by management, as well as evaluate the overall presentation of the consolidated financialstatements.•Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raisesubstantial doubt about the Company's ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, theplanned scope and timing of the audit, significant audit