Bcb Bancorp Inc (NASDAQ: BCBP)

BCB Bancorp, Inc. is a holding company that owns all of the outstanding common stock of BCB Community Bank. The company does not engage in any significant business activity beyond its ownership of the bank. BCB Community Bank operates as a state chartered commercial bank offering traditional banking products and services to customers in its market area.

The bank generates revenue primarily from interest income on its loan portfolio which includes commercial and multi family real estate loans, one to four family residential mortgage loans, commercial business loans, construction loans, home equity loans and consumer loans. Additional revenue comes from fees on deposit accounts, service charges on retail and commercial banking products and returns on its investment securities portfolio. The bank also earns income from the sale of loans in the secondary market and from gains on those transactions.

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BCB Bancorp, Inc. positions itself as a community oriented financial institution that emphasizes personalized service and local decision making. The company competes with larger national banks, out of state financial institutions and various non bank competitors in the Northeast New Jersey and New York City markets. Its competitive advantages stem from deep ties to the communities it serves, experienced lending officers and a focus on commercial and multi family real estate lending which tends to generate higher returns. Management’s knowledge of local markets and its commitment to attracting qualified personnel help differentiate the bank from its rivals.

The bank serves a diverse customer base that includes individuals, small and medium sized businesses, municipal entities, school districts and medical centers throughout its footprint in New Jersey and New York. Notable borrowers include a well known private university that holds a significant commercial real estate loan with the bank. Deposit customers consist of retail consumers and commercial clients who utilize the bank’s branch network, ATM services and digital banking platforms.