Bogota Financial Corp (NASDAQ: BSBK) is a community banking holding company that operates Bogota Savings Bank, a savings bank serving depositors and borrowers. The company earns money primarily through net interest income, the spread between interest earned on loans and securities and interest paid on deposits and Federal Home Loan Bank of New York advances. Non-interest income comes from banking fees and service charges, gains on the cash surrender value of bank-owned life insurance, gains on loan and property sales, and miscellaneous income. As of December 31, 2025, interest-bearing deposits averaged $616.9 million, with certificates of deposit averaging $492.8 million, the largest portion of the deposit portfolio. Interest expense on deposits totaled $22.5 million for the twelve months ended December 31, 2025. The company does not anticipate paying a dividend to stockholders as of the filing date of March 27, 2026, and had approximately 613 stockholders of record at that date. Bogota Financial Corp registered its S-1 in September 2019.

Revenue model

Net interest income from loans and securities funded by deposits and Federal Home Loan Bank of New York advances, supplemented by non-interest income from fees and service charges, bank-owned life insurance gains, and gains on loan and property sales.

Products and services

Deposit accounts including noninterest-bearing demand accounts, NOW accounts, money market accounts, savings accounts, and certificates of deposit. Loan segments include residential, commercial real estate, multi-family, construction, commercial and industrial, and consumer. Investment securities including mortgage-backed securities (residential and commercial), corporate bonds, U.S. government and agency obligations, and municipal securities.

Customers and end markets

Retail depositors and borrowers served by a community savings bank. End markets include residential mortgage, commercial real estate, multi-family, construction, and commercial and industrial lending.

Value-chain role

Community deposit-taking institution that intermediates between retail depositors and loan borrowers, funded additionally through Federal Home Loan Bank of New York advances.

Geographic exposure

New Jersey-based community bank (Bogota, NJ), operating in the local market served by Bogota Savings Bank. No international operations referenced in the filing.

Source: SEC 10-K, filed 2026-03-27

Industry: Savings Institutions, Not Federally Chartered Peers: BV Financial Inc Northeast Community Bancorp Inc OP Bancorp Oconee Federal Financial Corp Randolph Bancorp, Inc. Rocket Companies Inc Territorial Bancorp Inc. Western New England Bancorp Inc William Penn Bancorporation