Bogota Financial Shares Steady; Deposit Data Draws Attention
Bogota Financial Corp. shares rose to $8.40 on Wednesday with just 853 shares traded, after filings showed deposits fell 7.9% to $600.9 million and wholesale borrowings jumped 24.2% to $115.9 million. First-quarter net income dropped to $706,000, while net interest margin improved to 2.20%. Shareholders re-elected two directors and approved executive pay at the May 14 meeting.