BCB Bancorp Inc (NJ)
0.0 %
-12.24 %
Yet to be announced
Company Overview
BCB Bancorp, Inc. operates as a bank holding company for BCB Community Bank. The company offers deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts. As of December 31, 2021, it operated 29 branch offices in Bayonne, Carteret, Edison, Hoboken, Fairfield, Holmdel, Jersey City, Lyndhurst, Monroe Township, Newark, and Woodbridge, New Jersey.
Revenue Sources
Based on the financial data provided, BCB Bancorp Inc is primarily engaged in traditional banking activities. Since lending and borrowing for profit is considered a haram activity, and this constitutes the core business model of the company, more than 2.5% of the company's income comes from haram sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $26.17m | $25.58m | $23.05m | $25.58m | 88.05% | 100.00% |
| June 30, 2024 | $20.41m | $25.81m | $23.64m | $25.81m | 115.85% | 100.00% |
| March 31, 2024 | $25.25m | $26.14m | $23.14m | $26.14m | 91.65% | 100.00% |
| Dec. 31, 2023 | $27.15m | $25.78m | $23.92m | $25.78m | 88.11% | 100.00% |
The financial data shows that interest income and interest expense are central to BCB Bancorp's business model. The interest income ratio relative to total revenue consistently exceeds 85% across all four quarters analyzed. Similarly, interest expenses constitute a major portion of total expenses. This indicates that interest-based activities are material to the company's operations.
Operational Ethics
Based on available information from SEC filings and the company's public disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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