BSBK Bogota Financial Dashboard

Risks

• The economic impact of the COVID-19 outbreak could adversely affect our financial condition and results of operations.
• The geographic concentration of our loan portfolio makes us vulnerable to a downturn in the local economy.
• Our allowance for loan losses may not be sufficient to cover actual loan losses.
• We are subject to environmental liability risk associated with lending activities.
• Changes in interest rates may reduce our profits.
• A deterioration in economic conditions could reduce demand for our products and services and/or result in a decrease in our asset quality, which could have an adverse effect on our results of operations.
• Building market share through de novo branching may cause our expenses to increase faster than revenues.
• Acquisitions may disrupt our business and dilute shareholder value.
• Our business strategy contemplates moderate organic growth, and our financial condition and results of operations may be adversely affected if we fail to grow or fail to manage our growth effectively.
• Changes in the valuation of our securities portfolio may reduce our profits and our capital levels.
• We are a community bank and our ability to maintain our reputation is critical to the success of our business and the failure to do so may materially adversely affect our performance.
• Our success depends on retaining certain key personnel.
• Systems failures or breaches of our network security could adversely affect our financial condition and results of operation and subject us to increased operating costs as well as litigation and other liabilities.
• Natural disasters, acts of terrorism, global market disruptions and other external events could harm our business.
• Our risk management framework may not be effective in mitigating risk and reducing the potential for significant losses.
• Strong competition within our market area may reduce our profits and slow growth.
• We may be adversely affected by recent changes in U.S. tax laws.
• We are subject to stringent capital requirements, which may adversely impact our return on equity, require us to raise additional capital, or restrict us from paying dividends or repurchasing shares.
• Non-compliance with the USA PATRIOT Act, Bank Secrecy Act, or other laws and regulations could result in fines or sanctions.
• Natural disasters, acts of terrorism, global market disruptions and other external events could harm our business.
• Federal Reserve Board regulations and policy effectively prohibit Bogota Financial, MHC from waiving the receipt of dividends, which will likely preclude us from paying any dividends on our common stock.
• Our common stock is not heavily traded, and the stock price may fluctuate significantly.
• Bogota Financial, MHC’s majority control of our common stock enables it to exercise voting control over most matters put to a vote of stockholders and will prevent stockholders from forcing a sale or a second-step conversion transaction you may find advantageous.
• We are an emerging growth company and have elected to comply only with the reduced reporting and disclosure requirements applicable to emerging growth companies. As such, our common stock may be less attractive to investors.
• Even if we no longer qualify as an emerging growth company, as a smaller reporting company, we would still be eligible to use reduced disclosure requirements, which may make our common stock less attractive to investors.
• Various factors may make takeover attempts more difficult to achieve.