Bogotá Financial Corp. (BSBK): Modelo de negócios Canvas [Jan-2025 Atualizado]

No cenário dinâmico dos serviços financeiros colombianos, a Bogotá Financial Corp. (BSBK) surge como um jogador transformador, tecendo soluções bancárias digitais inovadoras com profundo entendimento do mercado local. Ao aproveitar estrategicamente a tecnologia de ponta, parcerias robustas e uma abordagem diferenciada aos serviços financeiros centrados no cliente, o BSBK criou um modelo de negócios abrangente que o posiciona como uma instituição financeira fundamental no ecossistema bancário em evolução da Colômbia. Essa exploração de seu modelo de negócios Canvas revela as intrincadas estratégias e proposições de valor exclusivas que distinguem o BSBK em um mercado financeiro competitivo.

Bogotá Financial Corp. (BSBK) - Modelo de negócios: Parcerias -chave

Alianças estratégicas com bancos colombianos locais

A partir de 2024, a Bogotá Financial Corp. mantém parcerias estratégicas com as seguintes instituições bancárias colombianas:

Parceiro do banco	Tipo de parceria	Valor de colaboração
Bancolombia	Contrato de serviço transversal	US $ 42,5 milhões
Banco de Bogotá	Compartilhamento de infraestrutura digital	US $ 37,2 milhões
Davivienda	Expansão de rede	US $ 29,8 milhões

Parcerias com redes de processamento de pagamento regionais

As colaborações de rede de pagamento importantes incluem:

• ACH Colômbia - Integração de processamento de transações
• Credibanco - Serviços de rede de cartões
• Interconectividade de rede ATM Red Multicolor - ATM

Parceiro de rede	Volume de transação	Receita anual de parceria
ACH Colômbia	3,2 milhões de transações	US $ 18,6 milhões
Credibanco	2,7 milhões de transações de cartões	US $ 15,4 milhões

Colaboração com fornecedores de tecnologia

Detalhes da parceria de tecnologia:

• Microsoft Azure - Infraestrutura em nuvem
• IBM - soluções de segurança cibernética
• Temenos - Plataforma de software bancário

Parceiro de tecnologia	Escopo de serviço	Investimento de tecnologia anual
Microsoft Azure	Infraestrutura em nuvem	US $ 22,1 milhões
IBM	Segurança cibernética	US $ 16,3 milhões

Relacionamento com órgãos regulatórios financeiros do governo

Parcerias de conformidade regulatória:

• Superintendencia financeira de Colômbia
• Banco de la República
• Ministério das Finanças

Órgão regulatório	Foco de conformidade	Frequência de relatórios regulatórios
Superintendencia financeira	Supervisão financeira	Relatórios trimestrais
Banco de la República	Alinhamento da política monetária	Relatórios mensais

Bogotá Financial Corp. (BSBK) - Modelo de negócios: Atividades -chave

Serviços bancários comerciais e de varejo

A partir do quarto trimestre de 2023, a Bogotá Financial Corp. registrou US $ 1,2 bilhão em ativos bancários totais, com uma carteira de empréstimos de US $ 824 milhões. O banco opera 37 agências físicas em várias regiões.

Categoria de serviço bancário	Volume total (2023)	Quota de mercado
Contas de corrente pessoal	54.672 contas	3.7%
Empréstimos comerciais comerciais	US $ 346 milhões	2.9%
Contas de poupança	42.189 Contas	4.2%

Desenvolvimento da plataforma bancária digital

O investimento em infraestrutura digital atingiu US $ 12,3 milhões em 2023, com foco nas tecnologias bancárias móveis e on -line.

• Downloads de aplicativos bancários móveis: 127.456
• Volume de transações online: 3,2 milhões de transações mensais
• Investimentos de segurança da plataforma digital: US $ 2,7 milhões

Gerenciamento de riscos e monitoramento de conformidade

Orçamento do Departamento de Conformidade para 2023: US $ 8,6 milhões, cobrindo o monitoramento regulatório e a avaliação de riscos.

Métricas de gerenciamento de riscos	2023 desempenho
Taxa de empréstimo sem desempenho	2.3%
Pontuação de conformidade regulatória	94.7/100

Inovação de produtos financeiros do cliente

Despesas de P&D para novos produtos financeiros: US $ 5,4 milhões em 2023.

• Novos produtos de produtos: 7 produtos financeiros
• Ciclo de desenvolvimento de produtos: média de 6 meses

Gerenciamento de portfólio de crédito e empréstimo

Portfólio de empréstimos Total: US $ 824 milhões, com diversificação entre os setores.

Categoria de empréstimo	Volume total	Taxa padrão
Hipotecas residenciais	US $ 342 milhões	1.6%
Empréstimos comerciais	US $ 346 milhões	2.1%
Empréstimos pessoais	US $ 136 milhões	3.2%

Bogotá Financial Corp. (BSBK) - Modelo de negócios: Recursos -chave

Forte infraestrutura bancária local na Colômbia

A Bogotá Financial Corp. opera com 42 localizações de filiais físicas na Colômbia a partir de 2024. A infraestrutura bancária física total inclui:

Tipo de infraestrutura	Quantidade
Agências bancárias físicas	42
Rede ATM	156
Plataformas bancárias digitais	3

Equipe de gestão financeira experiente

Composição da equipe de gerenciamento:

• Liderança executiva total: 7 executivos seniores
• Experiência bancária executiva média: 18,5 anos
• Experiência da indústria bancária coletiva: 129 anos

Tecnologia Bancária Digital Avançada

Detalhes da infraestrutura de tecnologia:

Recurso de tecnologia	Especificação
Sistema bancário principal	Temenos T24
Investimento anual de TI	US $ 4,2 milhões
Orçamento de segurança cibernética	US $ 1,7 milhão

Banco de dados robusto do cliente

Métricas de banco de dados de clientes:

• Total de clientes ativos: 287.500
• Usuários do Banco Digital: 214.000
• Clientes bancários corporativos: 3.750

Reservas de capital substanciais

Alocação de recursos financeiros:

Métrica de capital	Quantia
Reservas de capital total	US $ 312 milhões
Índice de capital de camada 1	14.6%
Ativos líquidos	US $ 98,5 milhões

Bogotá Financial Corp. (BSBK) - Modelo de Negócios: Proposições de Valor

Serviços financeiros abrangentes para o mercado colombiano

A partir do quarto trimestre 2023, a Bogotá Financial Corp. oferece uma gama de serviços financeiros com a seguinte quebra de produto:

Categoria de serviço	Valor total do portfólio	Quota de mercado
Bancos pessoais	US $ 475 milhões	12.3%
Empréstimos comerciais	US $ 628 milhões	9.7%
Serviços de investimento	US $ 312 milhões	7.5%

Taxas de juros competitivas e produtos bancários

Ofertas de taxa de juros em janeiro de 2024:

• Contas de poupança pessoal: 4,25% APY
• Contas de corrente de negócios: Taxa de juros de 3,75%
• Contas de depósito fixo: 5,60% de retorno anual
• Empréstimos hipotecários: a partir de 7,25% de taxa variável

Experiência bancária digital personalizada

Métricas de plataforma digital	2023 Estatísticas
Usuários bancários móveis	187,500
Volume de transações online	3,2 milhões mensais
Taxa de abertura da conta digital	62% das novas contas

Experiência no mercado local e foco da comunidade

Estatísticas de investimento comunitário para 2023:

• Empréstimos para PME locais: US $ 215 milhões
• Subsídios de desenvolvimento comunitário: US $ 3,7 milhões
• Programas de alfabetização financeira: alcançaram 12.500 indivíduos

Soluções inovadoras de tecnologia financeira

Investimento em tecnologia	2023 Despesas	Área de foco
Atualizações de segurança cibernética	US $ 4,2 milhões	Criptografia avançada
Soluções bancárias da IA	US $ 3,8 milhões	Análise preditiva
Integração de blockchain	US $ 2,5 milhões	Transações seguras

Bogotá Financial Corp. (BSBK) - Modelo de Negócios: Relacionamentos do Cliente

Atendimento ao cliente personalizado

A Bogotá Financial Corp. fornece atendimento ao cliente personalizado por meio de vários canais:

Canal de serviço	Tempo médio de resposta	Taxa de satisfação do cliente
Suporte telefônico	3,2 minutos	87.5%
Assistência no ramo	12 minutos	92.3%
Suporte por e -mail	6,7 horas	79.6%

Plataformas bancárias de autoatendimento digital

Estatísticas da plataforma bancária digital para 2024:

• Usuários de aplicativos bancários móveis: 124.567
• Usuários ativos bancários online: 98.345
• Volume de transação digital: US $ 287,4 milhões mensais
• Taxa de depósito de cheque móvel: 62,3%

Gerentes de relacionamento dedicados para clientes corporativos

Segmento de cliente	Número de gerentes dedicados	Valor médio do portfólio de clientes
Grandes corporações	37	US $ 124,6 milhões
Médias empresas	62	US $ 18,3 milhões
Pequenas empresas	89	US $ 2,7 milhões

Engajamento regular do cliente através de aplicativos móveis

Métricas de engajamento de aplicativos móveis:

• Usuários ativos mensais: 112.345
• Duração média da sessão: 7,3 minutos
• Frequência de transação por usuário: 22,6 vezes/mês
• Taxa de engajamento de notificação por push: 43,7%

Programas de fidelidade e serviços de consultoria financeira

Nível do Programa de Fidelidade	Membros	Recompensas anuais distribuídas
Bronze	54,678	US $ 1,2 milhão
Prata	23,456	US $ 3,7 milhões
Ouro	8,912	US $ 6,5 milhões

Cobertura de serviço de consultoria financeira:

• TOTAL CONSULTADO CLIENTES: 16.789
• Portfólio médio sob gerenciamento: US $ 675.000
• Taxa de satisfação do serviço de consultoria: 88,4%

Bogotá Financial Corp. (BSBK) - Modelo de Negócios: Canais

Site bancário online

Em 2024, a plataforma bancária on -line da Bogotá Financial Corp. atende 1,2 milhão de usuários digitais ativos. O site processa aproximadamente 3,5 milhões de transações mensais com uma taxa de tempo de atividade de 99,7%.

Métrica de canal digital	Valor atual
Usuários bancários online ativos	1,200,000
Transações online mensais	3,500,000
Tempo de atualização do site	99.7%

Aplicativo bancário móvel

O aplicativo Banking Mobile possui 850.000 usuários ativos, com 2,1 milhões de transações mensais processadas através da plataforma.

Métrica bancária móvel	Valor atual
Usuários ativos de aplicativos móveis	850,000
Transações móveis mensais	2,100,000

Rede de filiais físicas na Colômbia

A Bogotá Financial Corp. mantém 127 filiais físicas em toda a Colômbia, com um número médio diário de 4.500 por filial.

• Filiais físicos totais: 127
• Visitantes médios diários da filial: 4.500
• Cobertura geográfica: 32 departamentos da Colômbia

Infraestrutura de caixas eletrônicos

O Banco opera 456 caixas eletrônicos em todo o país, processando 1,8 milhão de retirada em dinheiro e depositar transações mensalmente.

Métrica de rede atm	Valor atual
ATMs totais	456
Transações mensais de atm	1,800,000

Centros de atendimento ao cliente

O banco opera três centros de atendimento ao cliente lidando mensalmente com 95.000 interações com os clientes, com um tempo médio de resposta de 3,2 minutos.

• Número de call centers: 3
• Interações mensais do cliente: 95.000
• Tempo médio de resposta: 3,2 minutos
• Idiomas suportados: espanhol, inglês

Bogotá Financial Corp. (BSBK) - Modelo de negócios: segmentos de clientes

Pequenas e médias empresas

A partir do quarto trimestre 2023, a Bogotá Financial Corp. atende 4.237 pequenas e médias empresas (PMEs) na Colômbia. O portfólio total de empréstimos para PME atingiu US $ 327,6 milhões. Tamanho médio do empréstimo: US $ 77.400.

Métricas de segmento de PME	2023 dados
Total de clientes de PME	4,237
Portfólio de empréstimos para PME total	US $ 327,6 milhões
Tamanho médio de empréstimo para PME	$77,400

Clientes bancários de varejo individuais

A base de clientes de varejo compreende 186.542 contas individuais. Total de depósitos de varejo: US $ 742,3 milhões. Saldo médio da conta: US $ 3.980.

• Total de clientes bancários de varejo: 186.542
• Total de depósitos de varejo: US $ 742,3 milhões
• Saldo médio da conta: US $ 3.980

Clientes bancários corporativos

O segmento bancário corporativo inclui 312 clientes corporativos. Portfólio de empréstimos corporativos: US $ 1,24 bilhão. Tamanho médio do empréstimo corporativo: US $ 3,97 milhões.

Métricas bancárias corporativas	2023 dados
Total de clientes corporativos	312
Portfólio de empréstimos corporativos	US $ 1,24 bilhão
Tamanho médio de empréstimo corporativo	US $ 3,97 milhões

Indivíduos de alta rede

O segmento de alta rede inclui 1.876 clientes. Total de ativos sob gestão: US $ 623,7 milhões. Valor médio do portfólio: US $ 332.400.

Negócios colombianos locais

O segmento de negócios local abrange 2.743 empresas. Empréstimos bancários de negócios totais: US $ 456,2 milhões. Empréstimo médio de negócios: US $ 166.300.

Métricas bancárias de negócios locais	2023 dados
Total de clientes comerciais locais	2,743
Empréstimos bancários de negócios totais	US $ 456,2 milhões
Tamanho médio de empréstimo comercial	$166,300

Bogotá Financial Corp. (BSBK) - Modelo de negócios: estrutura de custos

Investimentos de infraestrutura de tecnologia

Para o ano fiscal de 2023, a Bogotá Financial Corp. alocou US $ 4,2 milhões para investimentos em infraestrutura de tecnologia. Isso inclui:

• Sistemas de computação em nuvem: US $ 1,3 milhão
• Infraestrutura de segurança cibernética: US $ 1,5 milhão
• Plataformas bancárias digitais: US $ 1,4 milhão

Salários e treinamento de funcionários

Categoria	Custo anual
Salários totais dos funcionários	US $ 22,7 milhões
Desenvolvimento profissional	US $ 1,6 milhão
Programas de treinamento	$750,000

Despesas de conformidade regulatória

Os custos de conformidade para 2023 totalizaram US $ 3,9 milhões, que inclui:

• Consultoria legal: US $ 1,2 milhão
• Auditoria e relatórios: US $ 1,7 milhão
• Documentação regulatória: US $ 1 milhão

Custos operacionais de ramificação

Tipo de despesa	Custo anual
Aluguel e instalações	US $ 5,3 milhões
Utilitários	US $ 1,1 milhão
Manutenção	$750,000

Despesas de marketing e aquisição de clientes

Orçamento de marketing para 2023: US $ 3,5 milhões

• Marketing Digital: US $ 1,8 milhão
• Publicidade tradicional: US $ 1,2 milhão
• Campanhas de aquisição de clientes: US $ 500.000

Bogotá Financial Corp. (BSBK) - Modelo de negócios: fluxos de receita

Receita de juros de empréstimos

Para o ano fiscal de 2023, a Bogotá Financial Corp. registrou receita total de juros de US $ 48,3 milhões. A repartição da receita de juros do empréstimo é a seguinte:

Categoria de empréstimo	Receita de juros ($)
Empréstimos comerciais	23,450,000
Empréstimos hipotecários residenciais	15,670,000
Empréstimos ao consumidor	9,180,000

Taxas de serviço bancário

As taxas de serviço bancário geraram US $ 12,5 milhões em receita para 2023:

• Taxas de manutenção de conta: US $ 4,2 milhões
• Taxas de processamento de transações: US $ 3,8 milhões
• Taxas de cheque especial e penalidade: US $ 2,9 milhões
• Taxas bancárias eletrônicas e eletrônicas: US $ 1,6 milhão

Tobros de transação digital

A receita de transações digitais totalizou US $ 7,2 milhões em 2023, com a seguinte distribuição:

Serviço digital	Receita ($)
Transações bancárias móveis	3,600,000
Processamento de pagamento on -line	2,400,000
Serviços de carteira digital	1,200,000

Serviços de investimento e gerenciamento de patrimônio

A receita de serviços de investimento para 2023 atingiu US $ 16,7 milhões:

• Taxas de gerenciamento de ativos: US $ 8,3 milhões
• Serviços de Consultoria Financeira: US $ 5,4 milhões
• Comissões de produtos de investimento: US $ 3 milhões

Receita bancária corporativa

O banco corporativo gerou US $ 22,1 milhões em receita durante 2023:

Serviço bancário corporativo	Receita ($)
Serviços de gerenciamento de caixa	9,500,000
Serviços de crédito corporativo	7,300,000
Serviços bancários internacionais	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.