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The IR Group BCB BANCORP , INC . CONTACT : THOMAS COUGHLIN , PRESIDENT & CEO THOMAS KEATING , CFO ( 201 ) 823-0700 Exhibit 99.1 BCB Bancorp , Inc. Earns $ 8.1 Million in Second Quarter 2021 ; Increases Quarterly Cash Dividend to $ 0.16 Per Share BAYONNE , N.J. , July 19 , 2021 — BCB Bancorp , Inc. ( the " Company " ) , ( NASDAQ : BCBP ) , the holding company for BCB Community Bank ( the " Bank " ) , today reported net income of $ 8.1 million for the second quarter of 2021 , compared to $ 7.1 million in the first quarter of 2021 , and $ 2.7 million for the second quarter of 2020. Earnings per diluted share for the second quarter of 2021 were $ 0.45 , compared to $ 0.40 in the preceding quarter and $ 0.14 in the second quarter of 2020. For the first six months of the year , net income was $ 15.2 million , or $ 0.85 per diluted common share , compared with $ 5.2 million , or $ 0.26 per diluted common share , for the first six months of 2020 . On July 14 , 2021 , the Company's Board of Directors declared an increase to its regular quarterly cash dividend to $ 0.16 per share , up from $ 0.14 per share . This is the first increase to the dividend rate since May 2014. The dividend will be payable August 18 , 2021 , to common shareholders of record on August 4 , 2021 . " Given the strong earnings results for the quarter , the optimistic outlook for our industry in the coming periods , and the potential of a growing post- pandemic economy , the Company's Board of Directors , through unanimous consent , increased the quarterly dividend . The Board believes that providing a solid return on our shareholders ' investments is critical . Continuing our strong earnings momentum into the second quarter , we generated solid profits , an annualized return on average assets of 1.12 % , and an annualized return on average equity of 12.6 % , " stated Thomas Coughlin , President and Chief Executive Officer . " We achieved top line net interest income growth , while continuing to manage operating expenses , resulting in an efficiency ratio of 48.9 % for the quarter . Our continued efforts to deleverage the balance sheet , deploy excess cash and manage the cost of funds helped expand our net interest margin by 102 basis points during the second quarter of 2021 , compared to the second quarter a year ago . We believe our reserve levels are sufficient to cover potential loan losses stemming from the pandemic . As the vaccine rollout continues and COVID - 19 restrictions continue to lift in New Jersey and New York , we remain optimistic for growth during the second half of the year . " We continue to monitor our loan portfolio and asset quality metrics very closely , " said Coughlin . " Although our total non - accrual loans increased to $ 22.2 million at June 30 , 2021 from $ 16.4 million at December 31 , 2020 , our level of total impaired and classified loans improved to $ 62.3 million and $ 51.9 million , respectively , compared to $ 83.2 million and $ 68.6 million , respectively at December 31 , 2020. Despite the concerns surrounding the pandemic , the Bank charged - off only $ 300,000 in loans for the most recent quarter , on a total reserve balance of $ 37.5 million and a total net portfolio balance of $ 2.313 billion . Additionally , the Bank had no loans on deferment as of June 30 , 2021. " Executive Summary On July 14 , 2021 , the Company's Board of Directors declared a regular quarterly cash dividend of $ 0.16 per share . The dividend will be payable August 18 , 2021 , to common shareholders of record on August 4 , 2021 . Net interest margin was 3.47 percent for the second quarter of 2021 , compared to 3.48 percent for the first quarter of 2021 , and a 102 - basis point improvement from 2.45 percent for the second quarter of 2020 . • • Total yield on interest - earning assets decreased 11 basis points to 4.04 percent for the second quarter of 2021 , compared to 4.15 percent for the first quarter of 2021 , and increased 33 basis points from 3.71 percent for the second quarter of 2020 . Total cost of interest - bearing liabilities decreased 11 basis points to 0.74 percent for the second quarter of 2021 , compared to 0.85 percent for the first quarter of 2021 , and decreased 81 basis points from 1.55 percent for the second quarter of 2020 . Net income was $ 8.1 million in the second quarter of 2021 , compared to $ 7.1 million in the prior quarter and $ 2.7 million in the second quarter a year ago .