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BANCORP 34, INC. (PARENT COMPANY ONLY) FINANCIAL INFORMATION (Details 3) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating activities    
Net income (loss) $ 1,689 $ (3,402)
Adjustments to reconcile net income (loss) to net cash used in operating activities    
Bargain purchase gain from CBOA Financial, Inc. merger (5,018)
Changes in prepaid and other assets 1,577 851
Changes in accrued interest and other liabilities 671 (1,016)
Net cash used in operating activities 2,974 910
Investing activities    
Net cash used in investing activities 160,130 463
Financing activities    
Repurchase of common stock (210)
Issuance of common stock, net 10,867
Issuance of preferred stock, net 4,175
Cash dividends paid (656)
Net cash (used in) provided by financing activities (78,406) 10,577
Net change in cash and cash equivalents 84,698 11,950
CASH AND CASH EQUIVALENTS, beginning of year 28,897 16,947
CASH AND CASH EQUIVALENTS, end of year 113,595 28,897
Parent Company [Member]    
Operating activities    
Net income (loss) 1,689 (3,402)
Adjustments to reconcile net income (loss) to net cash used in operating activities    
Amortization of subordinated debt issuance costs 54 64
Fair value amortization of CBOA TRUPs 60
Bargain purchase gain from CBOA Financial, Inc. merger (5,018)
Equity in loss (income) of subsidiary bank 480 1,680
Changes in prepaid and other assets (239) (354)
Changes in accrued interest and other liabilities (111) (348)
Net cash used in operating activities (3,085) (2,360)
Investing activities    
Principal collections on ESOP note receivable 23 27
CBOA merger cash acquired 25
Other investment contributions (232) (494)
Capital contribution to bank subsidiary (10,000) (10,000)
Net cash used in investing activities (10,184) (10,467)
Financing activities    
Retirement of subordinated debt acquired in CBOA merger (1,500)
Repurchase of common stock (210)
Issuance of common stock, net 10,866
Issuance of preferred stock, net 4,176
Cash dividends paid (656)
Net cash (used in) provided by financing activities (1,500) 14,176
Net change in cash and cash equivalents (14,769) 1,349
CASH AND CASH EQUIVALENTS, beginning of year 19,184 17,835
CASH AND CASH EQUIVALENTS, end of year $ 4,415 $ 19,184