Bogota Financial Corp 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period endedMarch 31, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from_______________to_______________ Commission File No. 001-39180 Bogota Financial Corp.(Exact Name of Registrant as Specified in Its Charter) Maryland84-3501231(State or Other Jurisdiction ofIncorporation or Organization)(I.R.S. Employer Identification No.) 819 Teaneck RoadTeaneck, New Jersey(Address of Principal Executive Offices) (201) 862-0660(Registrant’s Telephone Number, Including Area Code) N/A(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was requiredto submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one) Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of May 11, 2026, there were 12,854,400shares issued and outstanding of the registrant’s common stock, par value $0.01 pershare. Bogota Financial Corp.Form 10-Q Table of Contents PART I. FINANCIAL INFORMATION Item 1.Financial Statements1Consolidated Statements of Financial Condition at March 31, 2026and December 31, 2025 (unaudited)1Consolidated Statements of Operationsfor the Three Months Ended March 31, 2026and 2025(unaudited)2Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2026and2025(unaudited)3Consolidated Statements of Stockholders' Equity for the Three Months Ended March 31, 2026and2025(unaudited)4Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026and 2025(unaudited)5Notes to Consolidated Financial Statements (unaudited)6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations18Item 3.Quantitative and Qualitative Disclosures About Market Risk25Item 4.Controls and Procedures25 PART II. OTHER INFORMATION Item 1.Legal Proceedings26Item 1A.Risk Factors26Item 2.Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities26Item 3.Defaults Upon Senior Securities26Item 4.Mine Safety Disclosures26Item 5.Other Information26Item 6.Exhibits27SIGNATURES28 PART I–FINANCIAL INFORMATION BOGOTA FINANCIAL CORP.CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION(unaudited) BOGOTA FINANCIAL CORP.CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited) BOGOTA FINANCIAL CORP.CONSOLIDATED STATEMENTS OF COMPREHENSIVEINCOME(unaudited) Three Months EndedMarch 31,20262025Net income$705,946$730,947Other comprehensive income:Net unrealized gain on securities available for sale:63,224945,950Tax effect(17,773)(265,907)Net of tax45,451680,043Defined benefit retirement plans:Reclassification adjustment for amortization of prior service cost and net gain includedin salaries and employee benefits——Tax effect——Net of tax——Derivatives:Unrealized gain (loss) on swap contracts accounted for as cash flow hedges330,570(444,816)Tax effect(92,923)125,038Net of tax237,647(319,778)Total other comprehensive income283,098360,265Comprehensive income$989,044$1,091,212 BOGOTA FINANCIAL CORP.CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY(unaudited) BOGOTA FINANCIAL CORP.CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited) BOGOTA FINANCIAL CORP.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(unaudited) NOTE 1–SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations and Principles of Consolidation: On January 15, 2020, Bogota Financial Corp. (the “Company,” “we” or“our”) became the mid-tier stock holding company for Bogota Savings Bank (the “Bank”) in connection with the reorganization ofBogota Savings Bank into the two-t