Bogota Financial Corp Dossier
Qualitative Analysis
Business overview
Bogota Financial Corp. (NASDAQ: BSBK) is a Maryland corporation organized in September 2019 to serve as the mid-tier bank holding company for Bogota Savings Bank. The bank, originally established in 1893, operates as a New Jersey-chartered stock savings bank serving northern and central New Jersey. It conducts business through seven retail branch offices located in Bogota, Hasbrouck Heights, Upper Saddle River, Newark, Oak Ridge, Parsippany, and Teaneck, New Jersey, alongside a loan production office in Spring Lake, New Jersey. The company's operations are primarily focused on traditional community banking, including attracting deposits from the general public and investing those funds in residential real estate loans, commercial real estate, multi-family loans, and consumer loans. Bogota Financial, MHC, a mutual holding company, owns a majority of the outstanding shares of Bogota Financial Corp.'s common stock.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Further investment in digital banking capabilities and upgrades to improve customer convenience and operational efficiency.
Expected impact: Enhanced customer convenience, improved operational efficiency, and containment of operating expenses.
Focusing on core deposit growth and relationship-based lending in local New Jersey markets to support net interest margin and sustain earning asset growth.
Expected impact: Sustained earning asset growth and stabilization of net interest margins.
Exploring expense reduction initiatives, including branch optimization and operational efficiencies, to support earnings.
Expected impact: Contained operating expenses and protected profitability.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
To expand the franchise and customer base through a bank combination, increasing consolidated assets from approximately $877.2 million to approximately $1.0 billion.
Financial impact: Expected to be accretive to Bogota Financial's 2026 net income, EPS, and fully converted tangible book value.
To expand the branch network into Morris and Essex Counties in New Jersey, acquiring three branch offices and growing consolidated assets.
Financial impact: Acquired $106.0 million in assets (including $77.0 million in loans), assumed $81.4 million in deposits, and recorded a bargain purchase gain of $1.9 million.