$BCBP

BCB BANCORP INC

CIK:0001228454|SEC Filings

Consolidated Statements of Operations - USD ($) shares in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Interest and dividend income:
Loans, including fees	$ 35,856,000	$ 38,650,000	$ 44,036,000	$ 71,734,000	$ 77,577,000	$ 87,758,000
Mortgage-backed securities	960,000	765,000	297,000	1,799,000	1,326,000	602,000
Other investment securities	1,113,000	1,057,000	1,006,000	2,103,000	2,025,000	1,981,000
FHLB stock and other interest earning assets	2,532,000	2,709,000	4,106,000	5,227,000	6,445,000	8,389,000
Total interest income	40,461,000	43,181,000	49,445,000	80,863,000	87,373,000	98,730,000
Deposits:
Demand	5,413,000	5,584,000	5,349,000	10,583,000	11,002,000	10,606,000
Savings and club	112,000	217,000	152,000	248,000	368,000	318,000
Certificates of deposit	8,266,000	9,170,000	14,571,000	16,858,000	19,932,000	29,554,000
Total deposits	13,791,000	14,971,000	20,072,000	27,689,000	31,302,000	40,478,000
Borrowings	3,325,000	5,108,000	5,734,000	6,992,000	10,964,000	11,470,000
Total interest expense	17,116,000	20,079,000	25,806,000	34,681,000	42,266,000	51,948,000
Net interest income	23,345,000	23,102,000	23,639,000	46,182,000	45,107,000	46,782,000
Provision for credit losses on loans	18,987,000	4,891,000	2,438,000	21,775,000	25,736,000	4,526,000
Net interest income after provision for credit losses on loans	4,358,000	18,211,000	21,201,000	24,407,000	19,371,000	42,256,000
Non-interest (loss) income:
Fees and service charges	1,313,000	1,305,000	1,119,000	2,504,000	2,478,000	2,334,000
BOLI income	917,000	786,000	671,000	1,863,000	1,394,000	1,346,000
(Loss) gain on sales of loans	(2,607,000)		(4,851,000)	(2,600,000)		(4,806,000)
Realized and unrealized losses on equity investments	(248,000)	(108,000)	(222,000)	(341,000)	(223,000)	(92,000)
Other	155,000	93,000	49,000	205,000	218,000	93,000
Total non-interest (loss) income	(470,000)	2,076,000	(3,234,000)	1,631,000	3,867,000	(1,125,000)
Non-interest expense:
Salaries and employee benefits	9,395,000	7,713,000	6,992,000	17,722,000	15,116,000	13,973,000
Occupancy and equipment	2,562,000	2,502,000	2,529,000	5,286,000	5,225,000	5,173,000
Data processing and communications	1,968,000	2,046,000	1,672,000	3,991,000	3,890,000	3,525,000
Professional fees	562,000	767,000	604,000	1,189,000	1,459,000	1,199,000
Director fees	244,000	313,000	254,000	490,000	731,000	531,000
Regulatory assessments	650,000	804,000	953,000	1,415,000	1,513,000	2,095,000
Advertising and promotional	489,000	216,000	253,000	689,000	395,000	469,000
Other real estate owned, net	130,000			280,000
Impairment of goodwill	5,253,000			5,253,000
Other	879,000	907,000	730,000	1,368,000	1,599,000	1,860,000
Total non-interest expense	22,132,000	15,268,000	13,987,000	37,683,000	29,928,000	28,825,000
(Loss) Income before income tax provision	(18,244,000)	5,019,000	3,980,000	(11,645,000)	(6,690,000)	12,306,000
Income tax (benefit) provision	(3,468,000)	1,455,000	1,163,000	(1,773,000)	(1,930,000)	3,623,000
Net (Loss) Income	(14,776,000)	3,564,000	2,817,000	(9,872,000)	(4,760,000)	8,683,000
Preferred stock dividends		482,000	448,000	482,000	964,000	882,000
Net (Loss) Income available to common stockholders	$ (14,776,000)	$ 3,082,000	$ 2,369,000	$ (10,354,000)	$ (5,724,000)	$ 7,801,000
Net (Loss) Income per common share-basic and diluted
Basic	$ (0.85)	$ 0.18	$ 0.14	$ (0.60)	$ (0.33)	$ 0.46
Diluted	$ (0.85)	$ 0.18	$ 0.14	$ (0.60)	$ (0.33)	$ 0.46
Weighted average number of common shares outstanding
Basic	17,306	17,175	17,005	17,273	17,144	16,968
Diluted	17,306	17,175	17,005	17,273	17,144	16,968

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Cash Flows from Operating Activities:
Net (Loss) Income	$ (9,872,000)	$ (4,760,000)	$ 8,683,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation of premises and equipment	822,000	763,000	895,000
Amortization and accretion, net	(497,000)	(306,000)	(856,000)
Provision for credit losses	21,775,000	25,736,000	4,526,000
Deferred income tax (benefit) expense	(2,521,000)	(4,942,000)	1,086,000
Loans originated for sale	(470,000)	(848,000)	(2,815,000)
Proceeds from sales of loans	478,000		2,799,000
Loss (gain) on sales of loans	2,600,000		4,806,000
Gain on sale of fixed assets			(4,000)
Realized and unrealized losses on equity investments	341,000	223,000	92,000
Stock-based compensation expense	474,000	551,000	397,000
Increase in cash surrender value of BOLI	(1,863,000)	(1,394,000)	(1,346,000)
Impairment of goodwill	5,253,000
Net change in accrued interest receivable	(827,000)	(671,000)	(504,000)
Net change in other assets	419,000	1,873,000	881,000
Net change in accrued interest payable	(639,000)	(947,000)	(803,000)
Net change in other liabilities	(724,000)	64,000	(1,422,000)
Net Cash Provided by Operating Activities	14,749,000	15,342,000	16,415,000
Cash flows from investing activities:
Proceeds from repayments, calls, and maturities on securities available for sale	12,314,000	9,853,000	1,396,000
Purchases of securities	(34,586,000)	(37,402,000)
Proceeds from sale of fixed asset			4,000
Proceeds from sales of equity investments	4,980,000
Proceeds from the sale of portfolio loans			2,014,000
Net decrease in loans receivable	68,541,000	111,159,000	73,726,000
Additions to premises and equipment	(503,000)	(447,000)	(184,000)
Redemption (purchase) of Federal Home Loan Bank of New York stock	5,128,000	5,510,000	(84,000)
Net Cash Provided by Investing Activities	55,874,000	88,673,000	76,872,000
Cash flows from financing activities:
Net (decrease) increase in deposits	(37,550,000)	(89,324,000)	(43,841,000)
Repayment from Federal Home Loan Bank of New York Long Term Advances	(110,000,000)	(150,000,000)
Net change in Federal Home Loan Bank of New York Short Term Advances		30,000,000
Cash dividends paid on common stock	(2,738,000)	(5,347,000)	(5,202,000)
Cash dividends paid on preferred stock	(482,000)	(964,000)	(882,000)
Net proceeds from issuance of common stock	450,000	670,000	625,000
Net proceeds from issuance of preferred stock		520,000	3,360,000
Net Cash Used in Financing Activities	(150,320,000)	(214,445,000)	(45,940,000)
Net (Decrease) Increase in Cash and Cash Equivalents	(79,697,000)	(110,430,000)	47,347,000
Cash and Cash Equivalents-Beginning	276,584,000	317,282,000	279,523,000
Cash and Cash Equivalents-Ending	196,887,000	206,852,000	326,870,000
Supplementary Cash Flow Information:
Cash paid for income taxes	664,000	1,056,000	2,429,000
Cash paid for interest	35,319,000	$ 43,214,000	52,751,000
Transfer of loans receivable to loans held for sale	$ 13,385,000		$ 38,402,000

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and amounts due from depository institutions	$ 14,573	$ 13,794
Interest-earning deposits	182,314	262,790
Total cash and cash equivalents	196,887	276,584
Interest-earning time deposits	735	735
Debt securities available for sale, at fair value	148,428	126,395
Equity investments, at fair value	3,851	9,172
Loans held for sale	10,777
Loans receivable, net of allowance for credit losses of $40,980 and $33,691, respectively	2,587,984	2,691,091
Federal Home Loan Bank of New York stock, at cost	9,048	14,176
Premises and equipment, net	11,737	12,056
Accrued interest receivable	14,661	13,834
Other real estate owned	5,000	5,000
Deferred income taxes, net	24,794	22,209
Goodwill and other intangibles		5,253
Operating lease right-of-use assets	10,479	10,660
Bank-owned life insurance (BOLI)	81,229	79,366
Other assets	12,516	12,935
Total Assets	3,118,126	3,279,466
LIABILITIES
Non-interest-bearing deposits	514,648	531,140
Interest-bearing deposits	2,121,375	2,142,433
Total deposits	2,636,023	2,673,573
FHLB advances	125,000	235,000
Subordinated debentures	43,335	43,210
Operating lease liability	10,953	11,140
Other liabilities	10,896	12,259
Total Liabilities	2,826,207	2,975,182
STOCKHOLDERS' EQUITY
Preferred stock: $0.01 par value, 10,000,000 shares authorized; issued and outstanding 2,548 shares Series J 8.0% and Series K 6.0% (liquidation value $10,000 per share) noncumulative perpetual preferred stock at June 30, 2026 and December 31, 2025
Additional paid-in capital preferred stock	25,243	25,243
Common stock: no par value; 40,000,000 shares authorized; issued 21,335,793 and 20,508,183 at June 30, 2026 and December 31, 2025, respectively, outstanding 18,101,822 and 17,274,212, at June 30, 2026 and December 31, 2025, respectively
Additional paid-in capital common stock	204,451	203,429
Retained earnings	103,225	116,415
Accumulated other comprehensive loss	(2,653)	(2,456)
Treasury stock, at cost, 3,233,971 shares at June 30, 2026 and December 31, 2025	(38,347)	(38,347)
Total Stockholders' Equity	291,919	304,284
Total Liabilities and Stockholders' Equity	$ 3,118,126	$ 3,279,466