Bogota Financial Corp. (BSBK): Business Model Canvas

In der dynamischen Landschaft der kolumbianischen Finanzdienstleistungen erweist sich Bogota Financial Corp. (BSBK) als transformativer Akteur, der innovative digitale Banklösungen mit tiefem Verständnis des lokalen Marktes verbindet. Durch den strategischen Einsatz modernster Technologie, robuster Partnerschaften und eines differenzierten Ansatzes für kundenorientierte Finanzdienstleistungen hat die BSBK ein umfassendes Geschäftsmodell entwickelt, das sie als zentrales Finanzinstitut im sich entwickelnden Bankenökosystem Kolumbiens positioniert. Diese Untersuchung ihres Business Model Canvas enthüllt die komplexen Strategien und einzigartigen Wertversprechen, die BSBK auf einem wettbewerbsintensiven Finanzmarkt auszeichnen.

Bogota Financial Corp. (BSBK) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Allianzen mit lokalen kolumbianischen Banken

Ab 2024 unterhält Bogota Financial Corp. strategische Partnerschaften mit den folgenden kolumbianischen Bankinstituten:

Bankpartner	Partnerschaftstyp	Wert der Zusammenarbeit
Bancolombia	Leistungsübergreifende Vereinbarung	42,5 Millionen US-Dollar
Banco de Bogota	Teilen digitaler Infrastruktur	37,2 Millionen US-Dollar
Davivienda	Netzwerkausbau	29,8 Millionen US-Dollar

Partnerschaften mit regionalen Zahlungsabwicklungsnetzwerken

Zu den wichtigsten Kooperationen im Zahlungsnetzwerk gehören:

• ACH Kolumbien – Integration der Transaktionsverarbeitung
• Credibanco – Kartennetzwerkdienste
• Rot-Mehrfarbig – Interkonnektivität des Geldautomatennetzwerks

Netzwerkpartner	Transaktionsvolumen	Jährlicher Partnerschaftsumsatz
ACH Kolumbien	3,2 Millionen Transaktionen	18,6 Millionen US-Dollar
Credibanco	2,7 Millionen Kartentransaktionen	15,4 Millionen US-Dollar

Zusammenarbeit mit Technologieanbietern

Details zur Technologiepartnerschaft:

• Microsoft Azure – Cloud-Infrastruktur
• IBM – Cybersicherheitslösungen
• Temenos – Banking-Softwareplattform

Technologiepartner	Leistungsumfang	Jährliche Technologieinvestition
Microsoft Azure	Cloud-Infrastruktur	22,1 Millionen US-Dollar
IBM	Cybersicherheit	16,3 Millionen US-Dollar

Beziehungen zu staatlichen Finanzaufsichtsbehörden

Partnerschaften zur Einhaltung gesetzlicher Vorschriften:

• Superintendencia Financiera de Colombia
• Banco de la República
• Finanzministerium

Regulierungsbehörde	Compliance-Fokus	Häufigkeit der behördlichen Berichterstattung
Superintendencia Financiera	Finanzielle Aufsicht	Vierteljährliche Berichterstattung
Banco de la República	Ausrichtung der Geldpolitik	Monatliche Berichterstattung

Bogota Financial Corp. (BSBK) – Geschäftsmodell: Hauptaktivitäten

Privat- und Geschäftsbankdienstleistungen

Im vierten Quartal 2023 meldete Bogota Financial Corp. ein Gesamtbankvermögen von 1,2 Milliarden US-Dollar und ein Kreditportfolio von 824 Millionen US-Dollar. Die Bank betreibt 37 physische Filialen in mehreren Regionen.

Kategorie Bankdienstleistungen	Gesamtvolumen (2023)	Marktanteil
Persönliche Girokonten	54.672 Konten	3.7%
Gewerbliche Geschäftskredite	346 Millionen US-Dollar	2.9%
Sparkonten	42.189 Konten	4.2%

Entwicklung einer digitalen Banking-Plattform

Die Investitionen in die digitale Infrastruktur erreichten im Jahr 2023 12,3 Millionen US-Dollar, wobei der Schwerpunkt auf Mobil- und Online-Banking-Technologien lag.

• Mobile-Banking-App-Downloads: 127.456
• Online-Transaktionsvolumen: 3,2 Millionen monatliche Transaktionen
• Investitionen in die Sicherheit digitaler Plattformen: 2,7 Millionen US-Dollar

Risikomanagement und Compliance-Überwachung

Budget der Compliance-Abteilung für 2023: 8,6 Millionen US-Dollar, einschließlich behördlicher Überwachung und Risikobewertung.

Risikomanagement-Kennzahlen	Leistung 2023
Quote notleidender Kredite	2.3%
Bewertung der Einhaltung gesetzlicher Vorschriften	94.7/100

Kundenfinanzproduktinnovation

F&E-Ausgaben für neue Finanzprodukte: 5,4 Millionen US-Dollar im Jahr 2023.

• Neue Produkteinführungen: 7 Finanzprodukte
• Produktentwicklungszyklus: Durchschnittlich 6 Monate

Kredit- und Kreditportfoliomanagement

Gesamtkreditportfolio: 824 Millionen US-Dollar, mit Diversifizierung über Sektoren hinweg.

Kreditkategorie	Gesamtvolumen	Standardtarif
Wohnhypotheken	342 Millionen Dollar	1.6%
Gewerbliche Kredite	346 Millionen US-Dollar	2.1%
Privatkredite	136 Millionen Dollar	3.2%

Bogota Financial Corp. (BSBK) – Geschäftsmodell: Schlüsselressourcen

Starke lokale Bankeninfrastruktur in Kolumbien

Bogota Financial Corp. betreibt ab 2024 42 physische Filialen in ganz Kolumbien. Die gesamte physische Bankinfrastruktur umfasst:

Infrastrukturtyp	Menge
Physische Bankfilialen	42
ATM-Netzwerk	156
Digitale Banking-Plattformen	3

Erfahrenes Finanzmanagement-Team

Zusammensetzung des Managementteams:

• Gesamte Führungsspitze: 7 leitende Angestellte
• Durchschnittliche Führungserfahrung im Bankwesen: 18,5 Jahre
• Gesamterfahrung im Bankensektor: 129 Jahre

Fortschrittliche digitale Banking-Technologie

Details zur Technologieinfrastruktur:

Technologieressource	Spezifikation
Kernbankensystem	Temenos T24
Jährliche IT-Investition	4,2 Millionen US-Dollar
Budget für Cybersicherheit	1,7 Millionen US-Dollar

Robuste Kundendatenbank

Kennzahlen der Kundendatenbank:

• Gesamtzahl der aktiven Kunden: 287.500
• Digital-Banking-Nutzer: 214.000
• Firmenkunden: 3.750

Erhebliche Kapitalreserven

Zuweisung finanzieller Ressourcen:

Kapitalmetrik	Betrag
Gesamtkapitalreserven	312 Millionen Dollar
Kernkapitalquote	14.6%
Liquide Mittel	98,5 Millionen US-Dollar

Bogota Financial Corp. (BSBK) – Geschäftsmodell: Wertversprechen

Umfassende Finanzdienstleistungen für den kolumbianischen Markt

Ab dem vierten Quartal 2023 bietet Bogota Financial Corp. eine Reihe von Finanzdienstleistungen mit der folgenden Produktaufteilung an:

Servicekategorie	Gesamtwert des Portfolios	Marktanteil
Persönliches Banking	475 Millionen Dollar	12.3%
Kommerzielle Kreditvergabe	628 Millionen Dollar	9.7%
Wertpapierdienstleistungen	312 Millionen Dollar	7.5%

Wettbewerbsfähige Zinssätze und Bankprodukte

Zinsangebote ab Januar 2024:

• Persönliche Sparkonten: 4,25 % effektiver Jahreszins
• Geschäftsgirokonten: 3,75 % Zinssatz
• Festgeldkonten: 5,60 % jährliche Rendite
• Hypothekendarlehen: Ab einem variablen Zinssatz von 7,25 %

Personalisiertes digitales Banking-Erlebnis

Kennzahlen für digitale Plattformen	Statistik 2023
Mobile-Banking-Benutzer	187,500
Online-Transaktionsvolumen	3,2 Millionen monatlich
Eröffnungsrate digitaler Konten	62 % der neuen Konten

Lokale Marktexpertise und Community-Fokus

Community-Investitionsstatistik für 2023:

• Lokale KMU-Kredite: 215 Millionen US-Dollar
• Gemeindeentwicklungszuschüsse: 3,7 Millionen US-Dollar
• Finanzkompetenzprogramme: 12.500 Personen erreicht

Innovative Finanztechnologielösungen

Technologieinvestitionen	Ausgaben 2023	Fokusbereich
Cybersicherheits-Upgrades	4,2 Millionen US-Dollar	Erweiterte Verschlüsselung
KI-Banking-Lösungen	3,8 Millionen US-Dollar	Prädiktive Analytik
Blockchain-Integration	2,5 Millionen Dollar	Sichere Transaktionen

Bogota Financial Corp. (BSBK) – Geschäftsmodell: Kundenbeziehungen

Persönlicher Kundenservice

Bogota Financial Corp. bietet personalisierten Kundenservice über mehrere Kanäle:

Servicekanal	Durchschnittliche Reaktionszeit	Kundenzufriedenheitsrate
Telefonsupport	3,2 Minuten	87.5%
Unterstützung in der Filiale	12 Minuten	92.3%
E-Mail-Support	6,7 Stunden	79.6%

Digitale Self-Service-Banking-Plattformen

Statistiken zur digitalen Bankplattform für 2024:

• Nutzer der Mobile-Banking-App: 124.567
• Aktive Online-Banking-Benutzer: 98.345
• Digitales Transaktionsvolumen: 287,4 Millionen US-Dollar monatlich
• Einzahlungsrate für mobile Schecks: 62,3 %

Engagierte Kundenbetreuer für Firmenkunden

Kundensegment	Anzahl der dedizierten Manager	Durchschnittlicher Wert des Kundenportfolios
Große Unternehmen	37	124,6 Millionen US-Dollar
Mittlere Unternehmen	62	18,3 Millionen US-Dollar
Kleines Unternehmen	89	2,7 Millionen US-Dollar

Regelmäßige Kundenbindung durch mobile Apps

Kennzahlen zum Engagement in mobilen Apps:

• Monatlich aktive Benutzer: 112.345
• Durchschnittliche Sitzungsdauer: 7,3 Minuten
• Transaktionshäufigkeit pro Benutzer: 22,6 Mal/Monat
• Push-Benachrichtigungs-Engagement-Rate: 43,7 %

Treueprogramme und Finanzberatungsdienste

Stufe des Treueprogramms	Mitglieder	Jährliche Belohnungen werden verteilt
Bronze	54,678	1,2 Millionen US-Dollar
Silber	23,456	3,7 Millionen US-Dollar
Gold	8,912	6,5 Millionen Dollar

Umfang der Finanzberatung:

• Gesamtzahl der Beratungskunden: 16.789
• Durchschnittliches verwaltetes Portfolio: 675.000 USD
• Zufriedenheitsrate der Beratung: 88,4 %

Bogota Financial Corp. (BSBK) – Geschäftsmodell: Kanäle

Online-Banking-Website

Im Jahr 2024 bedient die Online-Banking-Plattform von Bogota Financial Corp. 1,2 Millionen aktive digitale Nutzer. Die Website verarbeitet etwa 3,5 Millionen monatliche Transaktionen mit einer Verfügbarkeitsrate von 99,7 %.

Digitale Kanalmetrik	Aktueller Wert
Aktive Online-Banking-Benutzer	1,200,000
Monatliche Online-Transaktionen	3,500,000
Website-Verfügbarkeit	99.7%

Mobile-Banking-Anwendung

Die Mobile-Banking-App hat 850.000 aktive Nutzer, 2,1 Millionen monatliche Transaktionen werden über die Plattform abgewickelt.

Mobile-Banking-Metrik	Aktueller Wert
Aktive mobile App-Benutzer	850,000
Monatliche mobile Transaktionen	2,100,000

Physisches Filialnetz in Kolumbien

Bogota Financial Corp. unterhält 127 physische Filialen in ganz Kolumbien mit einer durchschnittlichen täglichen Kundenfrequenz von 4.500 pro Filiale.

• Gesamtzahl der physischen Zweigstellen: 127
• Durchschnittliche Filialbesucher pro Tag: 4.500
• Geografische Abdeckung: 32 Departements Kolumbiens

ATM-Infrastruktur

Die Bank betreibt landesweit 456 Geldautomaten und wickelt monatlich 1,8 Millionen Bargeldabhebungen und -einzahlungen ab.

ATM-Netzwerkmetrik	Aktueller Wert
Insgesamt Geldautomaten	456
Monatliche Geldautomatentransaktionen	1,800,000

Kundendienst-Callcenter

Die Bank betreibt drei Kundendienstzentren, die monatlich 95.000 Kundeninteraktionen bearbeiten, mit einer durchschnittlichen Reaktionszeit von 3,2 Minuten.

• Anzahl der Callcenter: 3
• Monatliche Kundeninteraktionen: 95.000
• Durchschnittliche Reaktionszeit: 3,2 Minuten
• Unterstützte Sprachen: Spanisch, Englisch

Bogota Financial Corp. (BSBK) – Geschäftsmodell: Kundensegmente

Kleine und mittlere Unternehmen

Im vierten Quartal 2023 betreut Bogota Financial Corp. 4.237 kleine und mittlere Unternehmen (KMU) in Kolumbien. Das gesamte Kreditportfolio für KMU erreichte 327,6 Millionen US-Dollar. Durchschnittliche Kredithöhe: 77.400 $.

KMU-Segmentkennzahlen	Daten für 2023
Gesamtzahl der KMU-Kunden	4,237
Gesamtes KMU-Kreditportfolio	327,6 Millionen US-Dollar
Durchschnittliche Kredithöhe für KMU	$77,400

Privatkunden im Privatkundengeschäft

Der Privatkundenstamm umfasst 186.542 Einzelkonten. Gesamte Privatkundeneinlagen: 742,3 Millionen US-Dollar. Durchschnittlicher Kontostand: 3.980 $.

• Gesamtkundenzahl im Privatkundengeschäft: 186.542
• Gesamte Privatkundeneinlagen: 742,3 Millionen US-Dollar
• Durchschnittlicher Kontostand: 3.980 $

Firmenkunden

Das Segment Firmenkunden umfasst 312 Firmenkunden. Unternehmenskreditportfolio: 1,24 Milliarden US-Dollar. Durchschnittliche Unternehmenskredithöhe: 3,97 Millionen US-Dollar.

Kennzahlen für das Firmenkundengeschäft	Daten für 2023
Gesamtzahl der Firmenkunden	312
Unternehmenskreditportfolio	1,24 Milliarden US-Dollar
Durchschnittliche Unternehmenskreditgröße	3,97 Millionen US-Dollar

Vermögende Privatpersonen

Das High-Net-Worth-Segment umfasst 1.876 Kunden. Gesamtes verwaltetes Vermögen: 623,7 Millionen US-Dollar. Durchschnittlicher Portfoliowert: 332.400 $.

Lokale kolumbianische Unternehmen

Das lokale Geschäftssegment umfasst 2.743 Unternehmen. Gesamtkredite für Geschäftsbanken: 456,2 Millionen US-Dollar. Durchschnittlicher Geschäftskredit: 166.300 $.

Kennzahlen zum lokalen Geschäftsbanking	Daten für 2023
Gesamtzahl der lokalen Geschäftskunden	2,743
Gesamtsumme der Business-Banking-Darlehen	456,2 Millionen US-Dollar
Durchschnittliche Höhe eines Unternehmenskredits	$166,300

Bogota Financial Corp. (BSBK) – Geschäftsmodell: Kostenstruktur

Investitionen in die Technologieinfrastruktur

Für das Geschäftsjahr 2023 stellte Bogota Financial Corp. 4,2 Millionen US-Dollar für Investitionen in die Technologieinfrastruktur bereit. Dazu gehört:

• Cloud-Computing-Systeme: 1,3 Millionen US-Dollar
• Cybersicherheitsinfrastruktur: 1,5 Millionen US-Dollar
• Digitale Bankplattformen: 1,4 Millionen US-Dollar

Gehälter und Schulungen der Mitarbeiter

Kategorie	Jährliche Kosten
Gesamtgehälter der Mitarbeiter	22,7 Millionen US-Dollar
Berufliche Entwicklung	1,6 Millionen US-Dollar
Schulungsprogramme	$750,000

Kosten für die Einhaltung gesetzlicher Vorschriften

Der Erfüllungsaufwand für 2023 beträgt insgesamt 3,9 Millionen US-Dollar, einschließlich:

• Rechtsberatung: 1,2 Millionen US-Dollar
• Prüfung und Berichterstattung: 1,7 Millionen US-Dollar
• Behördliche Dokumentation: 1 Million US-Dollar

Betriebskosten der Filiale

Ausgabentyp	Jährliche Kosten
Miete und Ausstattung	5,3 Millionen US-Dollar
Dienstprogramme	1,1 Millionen US-Dollar
Wartung	$750,000

Aufwendungen für Marketing und Kundenakquise

Marketingbudget für 2023: 3,5 Millionen Dollar

• Digitales Marketing: 1,8 Millionen US-Dollar
• Traditionelle Werbung: 1,2 Millionen US-Dollar
• Kundengewinnungskampagnen: 500.000 US-Dollar

Bogota Financial Corp. (BSBK) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Darlehen

Für das Geschäftsjahr 2023 meldete Bogota Financial Corp. einen Gesamtzinsertrag von 48,3 Millionen US-Dollar. Die Erträge aus Darlehenszinsen setzen sich wie folgt zusammen:

Kreditkategorie	Zinserträge ($)
Gewerbliche Kredite	23,450,000
Hypothekendarlehen für Wohnimmobilien	15,670,000
Verbraucherkredite	9,180,000

Gebühren für Bankdienstleistungen

Bankdienstleistungsgebühren generierten im Jahr 2023 einen Umsatz von 12,5 Millionen US-Dollar:

• Kontoführungsgebühren: 4,2 Millionen US-Dollar
• Transaktionsbearbeitungsgebühren: 3,8 Millionen US-Dollar
• Überziehungs- und Strafgebühren: 2,9 Millionen US-Dollar
• Gebühren für Geldautomaten und elektronisches Banking: 1,6 Millionen US-Dollar

Gebühren für digitale Transaktionen

Der Umsatz aus digitalen Transaktionen belief sich im Jahr 2023 auf insgesamt 7,2 Millionen US-Dollar, mit folgender Verteilung:

Digitaler Service	Umsatz ($)
Mobile Banking-Transaktionen	3,600,000
Online-Zahlungsabwicklung	2,400,000
Digitale Geldbörsendienste	1,200,000

Investment- und Vermögensverwaltungsdienstleistungen

Der Umsatz aus Wertpapierdienstleistungen erreichte im Jahr 2023 16,7 Millionen US-Dollar:

• Vermögensverwaltungsgebühren: 8,3 Millionen US-Dollar
• Finanzberatungsdienste: 5,4 Millionen US-Dollar
• Provisionen für Anlageprodukte: 3 Millionen US-Dollar

Erträge aus dem Firmenkundengeschäft

Das Firmenkundengeschäft erwirtschaftete im Jahr 2023 einen Umsatz von 22,1 Millionen US-Dollar:

Firmenkundendienst	Umsatz ($)
Cash-Management-Dienstleistungen	9,500,000
Unternehmenskreditdienstleistungen	7,300,000
Internationale Bankdienstleistungen	5,300,000

Bogota Financial Corp. (BSBK) - Canvas Business Model: Value Propositions

Bogota Financial Corp. offers a value proposition rooted in its long-standing presence, with the underlying Bogota Savings Bank tracing its history back to 1893.

You receive a full suite of traditional deposit and lending products designed for individuals and small businesses in the Northern New Jersey market. The deposit offerings include demand accounts, savings accounts, money market accounts, and certificate of deposit accounts.

On the lending side, the bank provides one-to four-family residential real estate loans, commercial real estate and multi-family loans, consumer loans such as home equity loans and lines of credit, commercial and industrial loans, and construction loans.

The focus on improved financial stability and a de-risked funding profile is evident in recent balance sheet management actions. Management aggressively paid down wholesale funding sources, which supports margin resilience amid rate uncertainty.

Here's the quick math on the funding profile shift as of September 30, 2025, compared to the end of 2024:

Metric	As of September 30, 2025	As of December 31, 2024
Total Deposits	$646.8 million	$642.2 million
Net Loans	$669.2 million	$711.7 million
Total Assets	$925.8 million	$971.5 million
Federal Home Loan Bank Advances	$119.4 million	$172.2 million
Uninsured Deposits (% of Total Deposits)	9.2%	6.9%

The reduction in wholesale reliance is significant; Federal Home Loan Bank advances decreased by $52.8 million, or 30.6%, between December 31, 2024, and September 30, 2025. Also, brokered deposits stood at $112.9 million, representing 17.5% of total deposits, as of September 30, 2025. The average rate paid on deposits for the first three quarters of 2025 was 3.69%.

The bank emphasizes local decision-making, which translates into faster loan approvals for its community base. This local control is a core strength for Bogota Financial Corp.

• Net Interest Margin (NIM) for Q3 2025 reached 1.80%.
• Net income for the nine months ended September 30, 2025, was $1.4 million.
• Net interest income for Q3 2025 increased by 46.6% to $3.9 million.
• The company repurchased 4,821 shares for a cost of $42,000 under a new buyback program as of September 30, 2025.

Bogota Financial Corp. (BSBK) - Canvas Business Model: Customer Relationships

Bogota Financial Corp., through Bogota Savings Bank, centers its Customer Relationships on a high-touch, relationship-based service model. This approach is fundamental to maintaining the trust built over the bank's history dating back to 1893. The strategy is designed to foster long-term loyalty, especially given the bank's focus on local community and business needs in New Jersey.

The commitment to personal service is evident in the staffing structure dedicated to lending. While the holding company, Bogota Financial Corp., reported 61 full-time equivalent employees as of the third quarter of 2025, the lending function relies on specialized personnel to manage client relationships closely. You see this dedication in roles such as:

• Vice President Commercial Portfolio Manager (as of August 2025).
• Senior Vice President, Loan Sales.
• Vice President, Internal Residential Loan Manager.
• Business Development Officer.

This structure supports the delivery of customized solutions for both commercial and mortgage clients, ensuring that decisions are made locally, which is a key differentiator for a community bank.

The bank's lending portfolio reflects the segments where these dedicated relationships are most critical. The focus remains on real estate secured lending, which requires in-depth client and property assessment, reinforcing the need for dedicated loan officers. Here's a look at the loan book as of March 31, 2025, compared to year-end 2024:

Loan Category Metric	March 31, 2025 Amount	December 31, 2024 Amount
Total Net Loans	$701.5 million	$711.7 million
Residential Mortgages (Component of Net Loans)	Decreased by $14.5 million since year-end 2024	N/A
Commercial Real Estate & Multi-Family Loans (Component of Net Loans)	Increased by $15.3 million since year-end 2024 (sum of $7.3M CRE and $8.0M Multi-Family)	N/A

The slight shift in the loan mix, with commercial and multi-family loans growing while residential mortgages decreased as of June 30, 2025, shows the active management by the lending team to capitalize on specific market opportunities, a direct result of strong client relationships.

Community support is formalized through the Bogota Savings Bank Charitable Foundation, which acts as a tangible expression of the bank's commitment to the area it serves. While the most recent full-year giving data available is for 2024, it shows the scale of this relationship-building effort. The foundation does not accept unsolicited applications, suggesting a targeted, relationship-driven approach to its philanthropy as well.

• Foundation Total Assets (as of 2024): $2.0 million.
• Foundation Total Giving (in 2024): $145K.
• Number of Grants Awarded (in 2024): 35.
• Median Grant Size (in 2024): $3K.

This foundation work helps solidify the bank's standing as a dedicated community partner, not just a transactional lender. You need to keep those local ties strong. Finance: draft 13-week cash view by Friday.

Bogota Financial Corp. (BSBK) - Canvas Business Model: Channels

You're looking at how Bogota Financial Corp. (BSBK) gets its value proposition to the customer base as of late 2025. It's a mix of the physical presence they maintain and the digital tools they offer, which is typical for a community bank navigating modern expectations.

The physical footprint remains important, especially in their northern New Jersey market. As of 2025, Bogota Financial Corp. is operating over 7 locations. These branches are the core touchpoints for relationship banking, handling everything from new mortgage applications to complex cash management needs for local businesses.

• Full-service retail branch locations: 7 physical offices, including the Teaneck Branch & Corporate Headquarters.
• Specific locations include: Bogota, Hasbrouck Heights, Newark, Oak Ridge, Parsippany, and Upper Saddle River (USR), in addition to the Teaneck headquarters.

The digital side is where you see the bank keeping pace with the broader industry. They offer online banking and mobile applications to handle routine transactions, which is critical given the industry trend where many customers prefer digital for simple tasks. For instance, the bank is focused on electronic banking services which include online and mobile banking platforms, remote deposit capture, and automated clearinghouse (ACH) capabilities for account holders. This digital channel supports the balance sheet management seen in early 2025, where total assets stood at $930.2 million as of March 31, 2025. The deposit base, a key funding source channeled through these platforms, was $646.8 million as of September 30, 2025.

For lending, which is a primary revenue driver, Bogota Financial Corp. relies on specialized personnel rather than just branch foot traffic. The loan origination teams and mortgage specialists handle the underwriting for residential mortgage loans, home equity lines of credit, and commercial/multi-family mortgages. Net loans, the result of this channel's activity, were reported at $701.5 million at the end of Q1 2025. This focus on specialized teams helps manage credit quality, a stated priority for management.

Regarding ATM network access, while specific network size isn't explicitly detailed for 2025 in the latest reports, the physical branches listed often include 24-Hour Drive-thru ATM or 24-Hour Walk Up ATM access. For example, the Bogota Branch and Parsippany Branch both feature 24-Hour Drive-thru ATM access. This provides customers with immediate, non-teller access to cash.

Here's a quick look at the scale of the balance sheet that these channels support as of the first three quarters of 2025:

Channel Metric Component	Financial Amount (as of latest report in 2025)	Date Reference
Total Assets	$930.2 million	March 31, 2025
Total Deposits	$646.8 million	September 30, 2025
Net Loans	$701.5 million	March 31, 2025
Federal Home Loan Bank Advances Reduction	$32.4 million	Q1 2025

The bank has been actively managing its funding mix, using excess liquidity to pay down borrowings, such as the $32.4 million reduction in Federal Home Loan Bank advances reported in Q1 2025. This balance sheet restructuring directly impacts the stability of the funding available through all customer channels.

Bogota Financial Corp. (BSBK) - Canvas Business Model: Customer Segments

You're looking at the core client base for Bogota Financial Corp. (BSBK) as of the third quarter of 2025. The Bank's operations are firmly rooted in serving the local economy of Northern New Jersey.

Individuals and families in the Northern New Jersey market.

This segment forms the foundation of the deposit base. Bogota Savings Bank operates from seven offices across New Jersey, including locations in Bogota, Teaneck, Newark, and Parsippany, serving the banking needs of northern and central New Jersey since 1893. At September 30, 2025, total deposits stood at $646.8 million. Uninsured deposits represented 9.2% of this total at that date. The loan portfolio, which stood at $669.2 million net as of September 30, 2025, includes one-to-four-family residential real estate loans and consumer loans like home equity lines of credit, which directly serve this segment.

Local municipalities and public entities.

Bogota Financial Corp. maintains direct relationships with local government bodies through specialized deposit accounts. Municipal deposits accounted for $33.5 million of the total deposit base, which translates to 5.2% of total deposits as of September 30, 2025. The Bank has explicitly noted its continued reliance on municipal deposits in its risk disclosures.

Real estate investors focused on multi-family and CRE.

This group is served through specific lending products. While net loans decreased by 6.0% to $669.2 million by September 30, 2025, the composition of the loan book reflects this focus. Looking at the most recent detailed breakdown from December 31, 2022, Commercial and Multi-Family Real Estate Loans totaled $162.3 million, representing 22.5% of the total loan portfolio at that time. Within that, commercial real estate loans were $96.0 million, and multi-family real estate loans were $66.3 million.

Small to medium-sized local businesses (SMBs).

SMBs are targeted through commercial and industrial loans and a suite of treasury management services. These services are designed to streamline operations and include cash concentration, remote deposit capture, fraud prevention, and payroll services. The commercial and industrial loan category is a component of the overall net loan balance of $669.2 million as of September 30, 2025. The Bank stated a dedication to continued growth in its commercial portfolio as of June 30, 2025.

Here's a quick look at the scale of the funding base supporting these customer relationships as of late 2025:

Metric	Value as of September 30, 2025	Context/Relation to Segments
Total Assets	$925.8 million	Overall balance sheet size supporting all activities.
Total Deposits	$646.8 million	Primary funding source from individuals and municipalities.
Municipal Deposits	$33.5 million (5.2% of total deposits)	Directly represents the municipal customer segment funding.
Net Loans	$669.2 million	The total outstanding credit provided to families, SMBs, and real estate investors.
Allowance for Credit Losses to Total Loans	0.38%	Indicates the reserve level against potential losses from all loan segments.

The Bank is actively managing its funding mix, having reduced Federal Home Loan Bank advances by 30.6% to $119.4 million by September 30, 2025, from year-end 2024 levels.

Finance: draft 13-week cash view by Friday.

Bogota Financial Corp. (BSBK) - Canvas Business Model: Cost Structure

You're looking at the core expenses Bogota Financial Corp. (BSBK) is facing to run its business as of late 2025, primarily drawing from the nine months ended September 30, 2025, figures. For a bank, the cost of funding-what you pay to get the money you lend out-is usually the single biggest line item, and that's definitely the case here.

The interest expense tied directly to customer deposits has been a significant cost driver, though it saw some relief recently. For the nine months ended September 30, 2025, the interest expense on interest-bearing deposits was $16.9 million. This was an improvement, showing an 8.0% decrease from the prior year period, largely because the average cost of deposits dropped by 26 basis points to 3.69% for the nine months ended September 30, 2025.

The funding structure also relies on wholesale sources, specifically borrowings from the Federal Home Loan Bank (FHLB). At the end of the third quarter, September 30, 2025, the balance of FHLB advances stood at $119.4 million, representing a 30.6% decrease from the end of 2024. The interest paid on these FHLB advances for the third quarter alone was $1.1 million.

To get a clearer picture of the total interest cost associated with all borrowings (FHLB advances plus any other borrowings), we can look at the total interest expense. For the nine months ended September 30, 2025, total interest expense was $20.9 million. By subtracting the interest expense on deposits, we can estimate the total interest expense on borrowings for that nine-month period:

Here's the quick math: Total Interest Expense ($20.9M) minus Interest Expense on Deposits ($16.9M) suggests the total interest expense on borrowings was approximately $4.0 million for the nine months ended September 30, 2025. This reflects the overall strategy of reducing funding costs by paying down borrowings.

Beyond the interest paid on liabilities, the non-interest expenses-the day-to-day operational costs-are also key. While I don't have the specific 2025 dollar breakdown for personnel and general/administrative costs, the trend in non-interest expense is notable. For the six months ended June 30, 2025, total non-interest expense increased by 4.7% over the comparable 2024 period. Furthermore, the latest reports indicate that non-interest expense increased due to specific areas like occupancy costs, which were up 68.0%, and professional fees, which rose by 45.6%.

You need to track these non-interest components closely, as they represent the fixed and semi-variable costs of running the two offices in Bogota and Teaneck, New Jersey.

Here is a summary of the key cost structure components for Bogota Financial Corp. (BSBK) based on the latest available data:

Cost Component	Period Ending September 30, 2025	Financial Amount
Interest Expense on Deposits	Nine Months Ended	$16.9 million
Total Interest Expense on Borrowings (Derived)	Nine Months Ended	~$4.0 million
Interest Expense on FHLB Advances	Three Months Ended (Q3 2025)	$1.1 million
FHLB Advances Outstanding Balance	As of September 30, 2025	$119.4 million
Personnel Expenses (Salaries and Benefits)	Nine Months Ended 2025	Data Not Available in Search Results
General and Administrative Operating Expenses	Nine Months Ended 2025	Data Not Available in Search Results

The non-interest expenses, which include personnel and G&A, are the other major bucket of costs you must monitor. The 2024 data showed that Salaries and employee benefits decreased by $776,000 for the three months ended December 31, 2024, due to lower headcount. Still, the 2025 trend shows increases in other operational areas like occupancy and professional fees.

You'll want to see the full breakdown of non-interest expense in the next 10-Q filing to see if personnel costs have stabilized or increased following any hiring adjustments. Finance: draft 13-week cash view by Friday.

Bogota Financial Corp. (BSBK) - Canvas Business Model: Revenue Streams

The primary revenue engine for Bogota Financial Corp. (BSBK) remains the spread earned between interest-earning assets and interest-bearing liabilities, supplemented by fee-based services and one-time gains.

Net Interest Income (NII) from loan and securities spread shows material expansion, reflecting balance sheet restructuring completed in late 2024 and effective hedging programs. For the three months ended September 30, 2025, net interest income increased by 46.6% year-over-year, with the Net Interest Margin (NIM) expanding by 65 basis points to reach 1.80%.

Here's a look at the key components driving the core interest income performance through the first nine months of 2025:

Metric	Period Ending September 30, 2025	Change/Benchmark
Net Interest Income (Nine Months)	Increase of $3.1 million vs prior year	Primary driver of profitability turnaround
Net Interest Margin (NIM)	1.80% (Q3 2025)	Up 65 bps in Q3 2025
Net Interest Spread (Q3 2025)	Implied spread widened by 65 bps YoY	Reflects lower funding costs

Interest income is generated directly from the asset base, notably the loan portfolio. As of September 30, 2025, the reported net loan portfolio stood at $669.2 million. This portfolio size is down from $701.5 million at March 31, 2025. For the three months ended June 30, 2025, total interest income was reported at $10.5 million. For the first quarter of 2025, interest income rose by $862,000, or 8.6%, reaching $10.9 million, driven by higher yields on interest-earning assets.

Non-interest income from service charges and fees, alongside other non-interest sources, contributes to the top line. For the nine months ended September 30, 2025, total non-interest income increased to $1.5 million, which was a rise of $612,000, or 65.9%, compared to the same period in 2024.

The non-interest income stream was significantly boosted by a specific, non-recurring event. You should note the impact of this item on period-over-period comparisons:

• Non-recurring income included a one-time Bank-Owned Life Insurance (BOLI) death benefit of approximately $543,000 for the nine months ended September 30, 2025.
• This same $543,000 BOLI death benefit accrual was recorded in the first quarter of 2025.
• Gains on the sale of loans also contributed to non-interest income, increasing by $26,000 for the nine months ended September 30, 2025, when compared to the prior year.

The presence of this one-time $543,000 BOLI death benefit in the first half of 2025 must be factored out when assessing the sustainability of the reported net income improvement.