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Bogota Financial Corp.’s banking business serves customers in New Jersey through Bogota Savings Bank. The bank takes deposits from individuals, businesses and municipalities and uses this money, supplemented by borrowing from the Federal Home Loan Bank of New York, to make loans and invest in securities. Most lending finances home purchases, refinancing and borrowing against home equity; commercial property and multifamily housing loans make up the next-largest category. Borrowers pay interest, and the company earns mainly what remains of interest from loans and investments after paying interest on its funding.
The business depends heavily on New Jersey borrowers and property values because almost all loans are secured by real estate, mostly in its local market. Funding costs also matter: most deposits are certificates of deposit, while much of the lending carries fixed rates. Deposit costs can therefore rise faster than loan income. Banking regulators can restrict operations, and capital and liquidity requirements limit how the company deploys its funds.
The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.
Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
Bogota’s results hinge on New Jersey mortgage credit and deposit funding costs; TD Bank is another significant local competitor to watch beyond this list.
SR Bancorp’s Somerset Regal Bank competes with Bogota for savers and home-loan borrowers in overlapping northern New Jersey markets, including Essex and Morris counties. Its residential mortgage originations and purchases of loans from mortgage brokers are worth watching for competition in Bogota’s largest lending category.
M&T Bank competes with Bogota for local deposits and loans to homebuyers, commercial-property owners and rental-apartment owners. Its lending to consumers and small and medium-size businesses, including property-backed loans, is the part to watch for competition with Bogota.
PNC Financial Services Group competes with Bogota for depositors and borrowing customers in Bogota’s New Jersey markets, serving individuals and businesses through its banking operations. PNC’s reports of deposit-pricing pressure and customers moving their money are worth watching for the funding competition Bogota faces.
Flagstar Bank, National Association’s New York–New Jersey banking business competes with Bogota for deposits and property borrowers, including owners seeking loans on rental-apartment buildings.
Wells Fargo competes with Bogota for local savers and home-loan borrowers, but its nationwide banking operations make its overall results a less direct comparison. Its consumer deposits and mortgage business are more relevant to Bogota than its broader investment and commercial-finance operations.
Bank of America competes with Bogota for local deposits and loans, while its global businesses make overall earnings a less focused comparison. Its banking business for consumers and small businesses is the more relevant part to watch, rather than investment banking and trading.
JPMorgan Chase competes with Bogota for depositors and borrowers in its local markets, but global investment banking and asset management weaken the earnings comparison. Its Consumer & Community Banking results, covering consumers and small businesses, are the more relevant part to watch.
Flagstar Bank, National Association earningsFLG
Flagstar Bank's report offers a read on deposit competition and rental-apartment lending in New York and New Jersey, two parts of banking that overlap with Bogota Financial's business.
Watch Flagstar's deposit costs and deposit trends alongside rental-apartment loan growth and credit quality; without local or loan-category detail, its overall figures cannot settle what is happening in the shared market. Rising deposit costs, deposit outflows or weaker apartment-loan quality would point to more pressure on Bogota as it seeks funding or serves property borrowers; stable funding and sound loans would suggest less strain along this competitive path.
SR Bancorp, Inc. earningsSRBK
SR Bancorp's report will show how its home-lending and deposit business is faring in northern New Jersey, where it overlaps with Bogota Financial.
Read residential loan originations or purchases alongside deposit trends; without detail for places such as Essex or Morris County, company-wide results are only a clue to local competition. Growing home lending with steady deposits would show SR Bancorp continuing to pursue borrowers and savers Bogota also serves; weakness in both would suggest less pressure on Bogota along those paths.
Fed Interest Rate Decision
Bogota Savings Bank earns the spread between interest on its mostly fixed-rate home loans and investments and what it pays depositors and FHLBNY; Fed rate decisions can change that spread.
Expected4.0%Last release4.0%
If it comes in above expectations
Higher rates can raise what Bogota Savings Bank pays on deposits and borrowings faster than income adjusts on its mostly fixed-rate loans, narrowing the spread it earns; adjustable-rate borrowers may also find repayment harder.
If it comes in below expectations
Lower rates can reduce Bogota Savings Bank’s loan income as mortgages are prepaid and funds are reinvested at lower yields, though lower deposit and borrowing costs may partly offset that pressure.
Bogota Financial Corp. earningsThis company
Bogota Financial earns mainly from interest on loans and investments minus what it pays for deposits and borrowings, and this report will show whether funding costs are squeezing that spread.
Read net interest income alongside the cost of deposits and borrowings, then check loan-loss provisions and past-due loans. Growing net interest income with contained funding costs and steady credit measures would show that the mostly home-loan business is still turning deposits into earnings; pressure on net interest income or worsening credit measures would point to funding competition or borrower stress weakening that engine.
PNC Financial Services Group earningsPNC
PNC Financial Services Group's report can show whether savers are still moving to higher-rate deposits, a signal of the pricing pressure Bogota Financial faces for funding.
Compare PNC's deposit costs with deposit trends and watch for customers shifting to higher-rate accounts; a large bank's overall figures do not directly represent Bogota's local market. Rising funding costs or faster deposit outflows at PNC would suggest banks may have to pay more to retain deposits, potentially raising Bogota's cost of funds too; stable deposits and contained costs would point to less pricing pressure.
