BSBK

Bogota Financial Corp. is a bank holding company headquartered in Teaneck, New Jersey, operating through its wholly owned subsidiary Bogota Savings Bank. The bank provides traditional community banking services to individuals, families, and businesses primarily in Bergen County, New Jersey and surrounding areas. Founded in 1893 as a mutual savings bank, Bogota Savings Bank converted to stock ownership and has maintained its community bank focus serving local markets for over a century. Bogota Savings Bank offers residential mortgage loans, home equity loans and lines of credit, commercial real estate loans, construction loans, consumer loans, and business loans. The loan portfolio emphasizes real estate lending including one-to-four family residential mortgages and multi-family properties. On the deposit side, the bank provides checking accounts, savings accounts, money market accounts, certificates of deposit, and other deposit products serving retail and commercial customers. The bank operates through its main office and branch locations in Bergen County, serving densely populated and affluent communities in Northern New Jersey. The bank competes in highly competitive Bergen County banking markets against larger regional banks, national institutions, and other community banks. Bogota Financial differentiates through long-standing community presence, relationship banking, local decision-making, and personalized service. The bank has maintained conservative underwriting standards, strong asset quality, and solid capital ratios throughout its history. As a smaller community bank, Bogota Financial focuses on serving local borrowers and depositors rather than pursuing aggressive growth or geographic expansion. The bank generates net interest income from its lending activities and deposit funding, supplemented by fee income from deposit services and loan fees. Success depends on maintaining asset quality, prudent lending, managing interest rate risk, controlling expenses, and competing effectively through service quality and community relationships in mature, competitive Northern New Jersey markets. The bank's long operating history, community focus, and financial stability characterize its conservative approach to community banking.