UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Emerging growth company ☒ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File No. 001-39180 Bogota Financial Corp. (Exact Name of Registrant as Specified in Its Chart ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File No. 001-39180 Bogota Financial Corp. (Exact Name of Registrant as Specified in Its Charter) Maryland 84-3501231 (State ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File No. 001-39180 Bogota Financial Corp. (Exact Name of Registrant as Specified in Its Charter) Maryland 84-3501231 (State ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _______________ Commission File Number: 001-39180 Bogota Financial Corp. (Exact Name of Registrant as Specified in its Charter) Maryland 84-350123 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File No. 001-39180 Bogota Financial Corp. (Exact Name of Registrant as Specified in Its Charter) Maryland 84-3501231 (S ...

Financial Performance - Net interest income for the three months ended June 30, 2020, was $3.29 million, an increase of 18.2% compared to $2.78 million for the same period in 2019[17]. - Net income for the three months ended June 30, 2020, was $1.40 million, compared to $608,271 for the same period in 2019, reflecting a growth of 130.2%[17]. - Non-interest income increased to $767,646 for the three months ended June 30, 2020, compared to $139,302 for the same period in 2019, a significant increase of 451.5%[17]. - Earnings per share for the three months ended June 30, 2020, was $0.11, compared to $0.01 for the same period in 2019[17]. - The company reported a comprehensive income of $1.53 million for the three months ended June 30, 2020, compared to $636,236 for the same period in 2019[20]. - As of June 30, 2020, net income for the six months was $65,490, compared to $970,089 for the same period in 2019, indicating a significant decline[29]. - The company reported a net cash provided by operating activities of $3,960,894 for the six months ended June 30, 2020, compared to $1,672,800 for the same period in 2019[29]. - The company reported a net period comprehensive income of $14,253 for the six months ended June 30, 2020, compared to a loss in the previous year[112]. - Net income decreased by $905,000, or 93.3%, to $65,000 for the six months ended June 30, 2020, reflecting a $2.9 million contribution to the Bogota Charitable Foundation[174]. Assets and Liabilities - Total assets decreased to $738.67 million as of June 30, 2020, down from $766.61 million at December 31, 2019, representing a decline of approximately 3.6%[14]. - Total liabilities decreased to $612.34 million as of June 30, 2020, down from $691.63 million at December 31, 2019, a decline of approximately 11.4%[14]. - Total deposits decreased to $492.42 million as of June 30, 2020, from $497.75 million at December 31, 2019, a decrease of 1.7%[14]. - The total stockholders' equity increased to $126.33 million as of June 30, 2020, from $74.98 million at December 31, 2019, an increase of approximately 68.5%[14]. - The company experienced a net decrease in cash and cash equivalents of $76,053,089 for the six months ended June 30, 2020[29]. - Cash and cash equivalents at June 30, 2020, were $51,809,470, down from $127,862,559 at the beginning of the year[29]. - The company had the ability to borrow up to $242.3 million from the Federal Home Loan Bank of New York, with $113.1 million outstanding as of June 30, 2020[199]. - Certificates of deposit due within one year totaled $262.0 million, representing 53.2% of total deposits as of June 30, 2020[203]. Loans and Credit Quality - Total loans amounted to $589,946,920, an increase from $539,173,391 as of December 31, 2019, representing a growth of approximately 9.5%[64]. - The allowance for loan losses increased to $2,266,174 as of June 30, 2020, compared to $2,016,174 at the end of 2019, reflecting a rise of approximately 12.4%[64]. - The Bank granted $68.0 million in loan modifications, which accounted for 12.0% of the total loan portfolio, to assist customers affected by the COVID-19 pandemic[65]. - Nonaccrual loans as of June 30, 2020, totaled $674,724, an increase from $589,940 as of December 31, 2019, representing a rise of 14.4%[79]. - The total recorded investment in impaired loans as of June 30, 2020, was $1,568,736, compared to $1,315,094 as of December 31, 2019, reflecting an increase of 19.3%[74]. - The average of impaired loans for the six months ended June 30, 2020, was $1,525,822, compared to $1,225,275 for the same period in 2019, indicating a year-over-year increase of 24.5%[74]. - The total allowance for loan losses collectively evaluated for impairment was $2,230,315 as of June 30, 2020, compared to $1,980,315 as of December 31, 2019, marking an increase of 12.6%[72]. - The Bank had six residential loans classified as troubled debt restructurings (TDRs) totaling $1,237,523 as of June 30, 2020, with a specific reserve of $35,859[77]. Income and Expenses - Interest income increased by $270,000, or 2.4%, to $11.7 million for the six months ended June 30, 2020, driven by a $55.3 million increase in the average balance of interest-earning assets[175]. - Non-interest expenses increased by $2.6 million to $7.2 million for the six months ended June 30, 2020, largely due to a $2.9 million contribution to the Bogota Charitable Foundation[186]. - Interest expense decreased by $503,000, or 8.6%, to $5.4 million for the six months ended June 30, 2020, primarily due to a 16 basis point decrease in the average cost of interest-bearing liabilities[179]. - The effective tax rate decreased to 15.9% for 2020 from 24.5% for 2019, with income tax expense increasing by $68,000, or 34.4%, to $266,000 for the three months ended June 30, 2020[173]. Market and Economic Conditions - The company faces risks from the COVID-19 pandemic, including potential increases in loan delinquencies and declines in collateral values[121]. - The management's ability to execute business strategies is crucial for future success, especially in the context of ongoing economic uncertainties[124]. - The company’s financial condition is subject to various risks, including changes in market interest rates and competition among financial institutions[118]. - Interest income may decline due to COVID-19, as the company is deferring payments, interest, and fees for affected borrowers[136]. - The allowance for loan losses is critical, as it is based on significant estimates and may vary with changing economic conditions[126]. Regulatory and Compliance - The company expects the adoption of ASU No. 2016-02 on leases to have no material impact on its consolidated financial statements[45]. - ASU 2016-13 requires reporting of expected credit losses based on historical experience and forecasts, effective for fiscal years beginning after December 15, 2022[48][49]. - The company continues to evaluate the impact of new accounting standards on its financial condition and results of operations[49]. - The company is not involved in any pending legal proceedings that would materially affect its financial condition[210]. - The internal controls over financial reporting have not materially changed and remain effective as of June 30, 2020[206].

[PART I. FINANCIAL INFORMATION](index=5&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) Unaudited consolidated financial statements are presented, reflecting the company's reorganization, stock offering, and a net loss due to a significant charitable contribution [Consolidated Statements of Financial Condition](index=5&type=section&id=Consolidated%20Statements%20of%20Financial%20Condition) Consolidated Balance Sheet Highlights (unaudited) | Account | March 31, 2020 ($ Millions) | December 31, 2019 ($ Millions) | Change (%) | | :--- | :--- | :--- | :--- | | **Total Assets** | **$708.7** | **$766.6** | **-7.6** | | Cash and cash equivalents | $65.7 | $127.9 | -48.6 | | Loans, net | $546.7 | $537.2 | +1.8 | | **Total Liabilities** | **$584.1** | **$691.6** | **-15.6** | | Total Deposits | $477.6 | $497.7 | -4.1 | | **Total Stockholders' Equity** | **$124.7** | **$75.0** | **+66.3** | - The **significant increase in stockholders' equity** resulted from the **common stock issuance** following the company's reorganization and public offering in January 2020, while the decrease in total assets and liabilities was largely due to the return of **$41.5 million** in unfilled stock offering subscriptions and a decrease in deposits[17](index=17&type=chunk)[140](index=140&type=chunk)[141](index=141&type=chunk) [Consolidated Statements of Income](index=6&type=section&id=Consolidated%20Statements%20of%20Income) Consolidated Income Statement (unaudited) | Metric | Three Months Ended Mar 31, 2020 ($) | Three Months Ended Mar 31, 2019 ($) | | :--- | :--- | :--- | | Net Interest Income | $3,083,935 | $2,815,040 | | Provision for loan losses | $25,000 | $0 | | Total Non-interest Expense | $5,072,614 | $2,506,137 | | **Net (Loss) Income** | **($1,337,583)** | **$361,818** | | **Earnings (Loss) Per Share** | **($0.13)** | **N/A** | - The company reported a **net loss of $1.3 million for Q1 2020**, compared to a **net income of $362,000 in Q1 2019**, primarily driven by a **$2.9 million contribution** to the Bogota Charitable Foundation formed during the reorganization[21](index=21&type=chunk)[167](index=167&type=chunk) [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Consolidated Cash Flows Summary (unaudited) | Cash Flow Activity | Three Months Ended Mar 31, 2020 ($) | | :--- | :--- | | Net cash provided by operating activities | $2,358,184 | | Net cash used in investing activities | ($4,831,251) | | Net cash used in financing activities | ($59,678,543) | | **Net decrease in cash and cash equivalents** | **($62,151,610)** | - The **significant use of cash in financing activities** was mainly due to a **$41.5 million return** of unfilled stock offering subscriptions and a **$20.1 million net decrease in deposits**[31](index=31&type=chunk)[141](index=141&type=chunk) [Notes to Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) - On **January 15, 2020**, the company completed its reorganization and stock offering, selling **5,657,735 shares** at **$10.00 per share** for **net proceeds of $54.6 million**[36](index=36&type=chunk) - The **COVID-19 pandemic** is identified as a **significant risk and uncertainty**, with **potential adverse effects** on the company's financial condition and results of operations, including estimates for expected credit losses[43](index=43&type=chunk) - The **loan portfolio grew to $548.7 million**, with **residential real estate comprising the largest segment at $386.5 million**, and the **allowance for loan losses was $2.04 million, or 0.37% of total loans**[64](index=64&type=chunk)[165](index=165&type=chunk) - The Bank was categorized as **"well capitalized"** under regulatory framework as of March 31, 2020, **exceeding all minimum capital requirements**[89](index=89&type=chunk)[92](index=92&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=27&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance, highlighting the impact of reorganization and COVID-19, noting a net loss from a charitable contribution, and detailing pandemic responses and financial stability - The company's **critical accounting policy** is the **Allowance for Loan Losses**, which requires **significant management judgment** and is susceptible to changes in the economic environment[123](index=123&type=chunk) - In response to COVID-19, as of May 13, 2020, the company approved **loan modifications for 158 loans totaling $87.2 million**, representing **16.0% of the total loan portfolio**, and processed **73 PPP loan applications totaling approximately $7.5 million** as of May 3, 2020[135](index=135&type=chunk)[137](index=137&type=chunk)[139](index=139&type=chunk) Comparison of Operating Results (Q1 2020 vs Q1 2019) | Metric | Q1 2020 ($ Millions) | Q1 2019 ($ Millions) | Change (%) | | :--- | :--- | :--- | :--- | | Net Interest Income | $3.1 | $2.8 | +9.6 | | Net Interest Margin | 1.79% | 1.77% | +2 bps | | Non-Interest Expense | $5.1 | $2.5 | +104 | | Net (Loss) Income | ($1.3) | $0.36 | -469.7 | - The **increase in non-interest expense** and resulting **net loss in Q1 2020** was primarily due to a **$2.9 million contribution** to the Bogota Charitable Foundation following the reorganization[167](index=167&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=38&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section details the company's management of interest rate risk, its most significant market risk, using NPV and NII simulation models to analyze sensitivity to interest rate changes, confirming exposure was within policy limits Net Portfolio Value (NPV) Sensitivity Analysis | Basis Point Change | NPV Percent Change | | :--- | :--- | | +400 bp | (22.74)% | | +200 bp | (6.46)% | | -100 bp | 10.38% | | -200 bp | 26.14% | Net Interest Income (NII) Sensitivity Analysis (Year One) | Basis Point Change | NII Percent Change | | :--- | :--- | | +200 bp | (0.12)% | | +100 bp | (0.43)% | | -100 bp | (0.06)% | | -200 bp | 1.50% | [Controls and Procedures](index=39&type=section&id=Item%204.%20Controls%20and%20Procedures) Management evaluated the company's disclosure controls and procedures, concluding they were effective as of March 31, 2020, with no material changes in internal controls over financial reporting identified - Management concluded that the Company's disclosure controls and procedures were **effective** as of March 31, 2020[185](index=185&type=chunk) - There were **no changes** in the Company's internal controls over financial reporting during the quarter that have materially affected, or are reasonably likely to materially affect, the controls[186](index=186&type=chunk) [PART II. OTHER INFORMATION](index=40&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=40&type=section&id=Item%201.%20Legal%20Proceedings) The company reports that it is not involved in any pending legal proceedings, other than routine matters, that would materially impact its financial condition or results of operations as of March 31, 2020 - The company is **not involved in any material legal proceedings** outside of the ordinary course of business[187](index=187&type=chunk) [Risk Factors](index=40&type=section&id=Item%201A.%20Risk%20Factors) This section provides a material update to the company's risk factors, focusing entirely on the significant economic impact and business risks associated with the COVID-19 pandemic, outlining potential adverse effects on operations, financial condition, and liquidity - The primary updated risk factor is the **economic impact of the COVID-19 outbreak**, which has caused **significant economic dislocation** and an **unprecedented slowdown** in activity[189](index=189&type=chunk) - Potential adverse effects from the pandemic include: **declining demand for products**, **increased loan delinquencies and foreclosures**, **declining collateral values**, a need for **higher loan loss allowances**, **reduced net interest margin**, and **increased cybersecurity risks** from remote work[190](index=190&type=chunk)[191](index=191&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=41&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities during the period - **None**[194](index=194&type=chunk) [Defaults Upon Senior Securities](index=41&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities during the period - **None**[195](index=195&type=chunk) [Mine Safety Disclosures](index=41&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - **Not applicable**[196](index=196&type=chunk) [Other Information](index=41&type=section&id=Item%205.%20Other%20Information) The company reported no other information for the period - **None**[197](index=197&type=chunk) [Exhibits](index=42&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including corporate governance documents, stock certificates, employment agreements, and CEO/CFO certifications - A **list of exhibits** is provided, including **Articles of Incorporation**, **Bylaws**, **Employment Agreements**, and **CEO/CFO certifications** pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act[199](index=199&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _______________ Commission File Number: 001-39180 Bogota Financial Corp. (Exact Name of Registrant as Specified in its Charter) | --- | --- | |-------------- ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 None FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |-------------------------------------------------------------------------------------------------|--------------------------------------------|----------------------------------------- ...