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Bogota Financial (Bogota Financial) Net Interest Margin (Bank Only) % : 1.22% (As of Mar. 2024)


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What is Bogota Financial Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Bogota Financial's annualized Net Interest Income (for Banks) for the quarter that ended in Mar. 2024 was $10.60 Mil. Bogota Financial's average earning assets for the quarter that ended in Mar. 2024 was $871.52 Mil. Therefore, Bogota Financial's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 was 1.22%.


Bogota Financial Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Bogota Financial's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bogota Financial Net Interest Margin (Bank Only) % Chart

Bogota Financial Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial 1.84 2.20 2.93 2.94 1.72

Bogota Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.06 2.00 1.52 1.38 1.22

Competitive Comparison of Bogota Financial's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, Bogota Financial's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bogota Financial's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bogota Financial's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Bogota Financial's Net Interest Margin (Bank Only) % falls into.



Bogota Financial Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Bogota Financial's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=14.973/( (881.554 + 856.233)/ 2 )
=14.973/868.8935
=1.72 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 719.026 + 162.528
=881.554

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 714.689 + 141.544
=856.233

Bogota Financial's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 is calculated as

Net Interest Margin (Bank Only) %(Q: Mar. 2024 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Dec. 2023 ) + Earning Assets (Q: Mar. 2024 ))/ count )
=10.604/( (856.233 + 886.809)/ 2 )
=10.604/871.521
=1.22 %

where

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 714.689 + 141.544
=856.233

Earning Assets(Q: Mar. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 708.3 + 178.509
=886.809

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Mar. 2024) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Bogota Financial  (NAS:BSBK) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Bogota Financial Net Interest Margin (Bank Only) % Related Terms

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Bogota Financial (Bogota Financial) Business Description

Industry
Traded in Other Exchanges
N/A
Address
819 Teaneck Road, Teaneck, New Jersey, NJ, USA, 07666
Bogota Financial Corp is a New Jersey-based bank. It offers personal and business banking services such as savings, certificates of deposits, online banking, loans, and many more. The Bank generally grants residential, commercial, and consumer loans to, and accepts deposits from, customers in New Jersey.
Executives
John J. Masterson director 24 COUNTRY CLUB WAY, DEMAREST NJ 07627
Robert C. Walsh officer: Executive Vice President 819 TEANECK ROAD, TEANECK NJ 07666
Joseph Coccaro director, officer: President and CEO 819 TEANECK ROAD, TEANECK NJ 07666
William Charles Hanson director 819 TEANECK ROAD, TEANECK NJ 07666
Kevin Pace officer: Executive Vice President 819 TEANECK ROAD, TEANECK NJ 07666
Steven M. Goldberg director, other: Chairman of the Board 819 TEANECK ROAD, TEANECK NJ 07666
John G. Reiner director 819 TEANECK ROAD, TEANECK NJ 07666
Brian Kohles officer: SVP of Subsidiary 819 TEANECK ROAD, TEANECK NJ 07666
Brian Mccourt officer: EVP and CFO 819 TEANECK ROAD, TEANECK NJ 07666
Financial, Mhc Bogota 10 percent owner 819 TEANECK ROAD, TEANECK NJ 07666
Patricia Sturt officer: SVP of Subsidiary 819 TEANECK ROAD, TEANECK NJ 07666
Kathleen Pless officer: SVP- Comm Lending of Sub 819 TEANECK ROAD, TEANECK NJ 07666
Bruce H. Dexter director 819 TEANECK ROAD, TEANECK NJ 07666
Gary Gensheimer director 819 TEANECK ROAD, TEANECK NJ 07666