TOUCHMARK BANCSHARES, INC. REPORTS FOURTH QUARTER RESULTS
Rhea-AI Summary
Touchmark Bancshares (OTCID: TMAK) reported fourth-quarter and full-year 2025 results on Feb 11, 2026. Net income was $0.44M, affected by accelerated loan purchase premium amortization. Total loans fell 14% YoY to $325M and total deposits fell 8% YoY to $339M. The company declared a $0.65 annual dividend and added a Chief Lending Officer with a loan pipeline above $40M.
The quarter showed lower net interest income, improved deposit mix excluding brokered balances, and a slight rise in allowance for credit losses to 0.78% of loans.
Positive
- Declared annual dividend of $0.65 per share
- Added Chief Lending Officer; pipeline topping $40M
- New loan production topped $6M in the quarter
- Deposit growth excluding brokered deposits increased by $2.6M and deposit expense fell by 23 bps
Negative
- Total loans declined 14% YoY to $325M
- Total deposits declined 8% YoY to $339M
- Net interest income decreased 21% YoY
- Net income decreased 28% sequentially to $439,000
News Market Reaction – TMAK
On the day this news was published, TMAK gained 0.50%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Strengthens Leadership Team and Maintains Annual Dividend
Key highlights of Touchmark Bancshares' results for the quarter ending December 31, 2025 include:
- Net income decreased
28% to$439,000 - Deposits, excluding brokered, increased by
$2.6 million - Added a Chief Lending Officer and new loan production topped
$6 million - Declared
$0.65
"During the fourth quarter, net loan growth did not turn positive as expected because of unexpected loan payoffs totaling
Krimmel continued, "We added Addam Taussig as our Executive Vice President and Chief Lending Officer during the quarter, and he quickly delivered the highest quarter of loan production for the year and built a pipeline of opportunities for Touchmark that top
Fourth Quarter 2025 Results of Operations
- Net income increased to
$439,000 $308,000 28% from the sequential quarter, driven by lower net interest income of$311,000 - Net interest income decreased
21% to$2.4 million $311,000 12% , from the sequential quarter driven by higher loan purchase premium amortization expense of$310,000 - Non-interest income decreased
16% to$152,000 $42,000 38% , from the sequential quarter driven by an increase in early loan prepayment revenue of$40,000 - Non-interest expense increased
34% to$1.9 million $102,000 $71,000
Balance Sheet and Capital
- Total loans declined by
$55 million 14% , to$325 million $4.7 million 1% , from the sequential quarter driven by normal amortization of the loan portfolio of$6.2 million $4.5 million $6.1 million - Total deposits decreased by
$31 million 8% , to$339 million $34.2 million $31.6 million $7.9 million $42.6 million $338,000 $16.5 million $2.9 million $2.7 million $17.1 million $4.7 million - As of December 31, 2025, book value per share decreased
1% to$15.84 $0.55 - The Company declared its annual dividend for 2025 at
$0.65
Asset Quality
- Nonperforming assets, net of government guarantees, for the fourth quarter of 2025 decreased to
$6.5 million 1.56% of total assets, compared to$7.6 million 1.68% of total assets, for the same period in 2024 but increased by$43,000 - Net charge-offs to average loans increased to
0.01% for the fourth quarter of 2025 compared to net charge-offs of4.74% for the same period in 2024 and net recoveries of0.00% for the sequential quarter; and - Allowance for credit losses represented
0.78% of total loans outstanding as of the fourth quarter of 2025, up from0.62% for the same period in 2024 and from0.73% for the sequential quarter.
About Touchmark Bancshares, Inc. and Touchmark National Bank
Touchmark Bancshares, Inc. is the holding company for Touchmark National Bank, a community bank founded in 2008 and headquartered in
Cautionary Note Regarding Forward Looking Statements
This news release may contain certain "forward-looking statements" that represent Touchmark's expectations or beliefs concerning future events and often use words or phrases such as "opportunities," "prospects," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "intends" or similar expressions. Such forward-looking statements contained herein represent the current expectations, plans or forecast of Touchmark and are about matters that are inherently subject to risks and uncertainties. These statements are not guarantees of future results or performance and readers are cautioned not to place undue reliance on them, whether included in this news release or made elsewhere from time to time by Touchmark or on its behalf. Touchmark disclaims any obligation to update such forward-looking statements.
TOUCHMARK BANCSHARES, INC. AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS
| ||||||||
(unaudited) | ||||||||
December 31, | December 31, | |||||||
(dollars in thousands, except per share data) | 2025 | 2024(1) | ||||||
ASSETS | Cash and due from banks | $ | 546 | $ | 1,184 | |||
Interest-bearing deposits | 65,102 | 41,408 | ||||||
Federal funds sold | 5,175 | 5,175 | ||||||
Total cash and cash equivalents | 70,823 | 47,767 | ||||||
Securities: | ||||||||
Available-for-sale | 10,806 | 10,019 | ||||||
Equity securities | 1,598 | 1,654 | ||||||
Loans, net of deferred fees | 324,725 | 379,419 | ||||||
Allowance for credit losses | (2,543) | (2,358) | ||||||
Net loans | 322,182 | 377,061 | ||||||
Bank premises and equipment, net | 1,490 | 1,217 | ||||||
Other Real Estate | 5,826 | 6,888 | ||||||
Deferred tax asset | 1,351 | 1,112 | ||||||
Other assets | 3,561 | 4,573 | ||||||
TOTAL ASSETS | $ | 417,637 | $ | 450,291 | ||||
LIABILITIES | Deposits: | |||||||
Noninterest-bearing | $ | 17,722 | $ | 16,957 | ||||
Interest-bearing | 320,972 | 352,590 | ||||||
Total deposits | 338,694 | 369,547 | ||||||
Accounts payable and accrued liabilities | 8,027 | 9,331 | ||||||
TOTAL LIABILITIES | 346,721 | 378,878 | ||||||
SHAREHOLDERS' | Common stock - | |||||||
EQUITY | authorized; 4,476,891 shares issued and outstanding as of | |||||||
the periods presented | 45 | 45 | ||||||
Additional paid-in capital | 46,895 | 46,881 | ||||||
Retained earnings | 24,523 | 25,266 | ||||||
Accumulated other comprehensive loss | (547) | (779) | ||||||
TOTAL SHAREHOLDERS' EQUITY | 70,916 | 71,413 | ||||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 417,637 | $ | 450,291 | ||||
(1) Derived from audited financial statements as of December 31, 2024. | ||||||||
TOUCHMARK BANCSHARES, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF INCOME (unaudited)
| |||||||||||||
Three Months Ended December 31, | Twelve Months Ended December 31, | ||||||||||||
(dollars in thousands, except per share data) | 2025 | 2024 | 2025 | 2024 | |||||||||
INTEREST AND | Interest and fees on loans | $ | 4,650 | $ | 6,628 | $ | 20,670 | $ | 28,703 | ||||
DIVIDEND | Income on investment securities | ||||||||||||
INCOME | Taxable interest | 118 | 111 | 439 | 445 | ||||||||
Interest from federal funds sold and other | 705 | 562 | 2,640 | 2,679 | |||||||||
Total interest income | 5,473 | 7,301 | 23,749 | 31,827 | |||||||||
INTEREST | Interest on deposits | 3,090 | 4,265 | 13,827 | 19,172 | ||||||||
EXPENSE | Interest on borrowings | - | 20 | - | 178 | ||||||||
Total interest expense | 3,090 | 4,285 | 13,827 | 19,350 | |||||||||
Net interest income | 2,383 | 3,016 | 9,922 | 12,477 | |||||||||
Provision for credit losses | 150 | 2,240 | 745 | 2,576 | |||||||||
Net interest income after provision | 2,233 | 776 | 9,177 | 9,901 | |||||||||
NONINTEREST | |||||||||||||
INCOME | Service fees on deposit accounts | 6 | 4 | 17 | 18 | ||||||||
Loan servicing fees | 101 | 114 | 439 | 678 | |||||||||
Loan Prepayment Penalties | 39 | 2 | 549 | 1,058 | |||||||||
Gain on Loan Sales | 0 | 39 | - | 748 | |||||||||
Other noninterest income | 6 | 22 | 24 | 469 | |||||||||
Total noninterest income | 152 | 181 | 1,029 | 2,971 | |||||||||
NONINTEREST | Salaries and employee benefits | 997 | 741 | 3,934 | 3,989 | ||||||||
EXPENSE | Net occupancy expense | 83 | 68 | 276 | 328 | ||||||||
Foreclosed Real Estate Expenses | 163 | 56 | 468 | 626 | |||||||||
Data processing expense | 96 | 88 | 376 | 344 | |||||||||
Loan Collection Expense | 51 | 6 | 259 | 265 | |||||||||
Audits and exams expense | 45 | 45 | 180 | 172 | |||||||||
Board Expenses | 78 | 58 | 413 | 344 | |||||||||
Supervisory Assessments | 97 | 73 | 360 | 589 | |||||||||
Other noninterest expense | 332 | 314 | 1,203 | 1,346 | |||||||||
Total noninterest expense | 1,942 | 1,449 | 7,469 | 8,003 | |||||||||
Income before provision for income taxes | 443 | (492) | 2,737 | 4,854 | |||||||||
Provision for income taxes | 4 | (184) | 586 | 1,130 | |||||||||
Net income | $ | 439 | $ | (308) | $ | 2,151 | $ | 3,740 | |||||
Weighted average shares outstanding - basic | 4,476,630 | 4,475,891 | 4,476,077 | 4,475,891 | |||||||||
Weighted average shares outstanding - diluted | 4,583,070 | 4,583,737 | 4,583,570 | 4,583,737 | |||||||||
Earnings per share | $ | 0.10 | $ | (0.07) | $ | 0.48 | $ | 0.83 | |||||
Diluted earnings per share | $ | 0.10 | $ | (0.07) | $ | 0.47 | $ | 0.82 | |||||
TOUCHMARK BANCSHARES, INC. AND SUBSIDIARY CONSOLIDATED FINANCIAL HIGHLIGHTS (unaudited)
| ||||||||||||||
For the Three Months Ended | ||||||||||||||
(dollars in thousands, except per share data) | December 31, | September 30, | June 30, | March 31, | December 31, | |||||||||
Results of Operations: | ||||||||||||||
Interest income | $ | 5,473 | $ | 6,068 | $ | 5,415 | $ | 6,793 | $ | 7,301 | ||||
Interest expense | 3,090 | 3,374 | 3,507 | 3,855 | 4,285 | |||||||||
Net interest income | 2,383 | 2,694 | 1,908 | 2,938 | 3,016 | |||||||||
Provision for credit losses | 150 | 150 | 150 | 295 | 2,240 | |||||||||
Non-interest income | 152 | 110 | 604 | 162 | 181 | |||||||||
Non-interest expense | 1,942 | 1,840 | 1,851 | 1,836 | 1,449 | |||||||||
Income (loss) before income taxes | 443 | 814 | 511 | 969 | (492) | |||||||||
Income taxes (benefit) | 4 | 205 | 141 | 236 | (184) | |||||||||
Net income (loss) | $ | 439 | $ | 609 | $ | 370 | $ | 733 | $ | (308) | ||||
Per Share Data: | ||||||||||||||
Basic earnings per share | $ | 0.10 | $ | 0.14 | $ | 0.08 | $ | 0.16 | $ | (0.07) | ||||
Diluted earnings per share | $ | 0.10 | $ | 0.13 | $ | 0.08 | $ | 0.16 | $ | (0.07) | ||||
Book value per share | $ | 15.84 | $ | 16.39 | $ | 16.22 | $ | 16.14 | $ | 15.95 | ||||
Weighted average shares outstanding per quarter - basic | 4,476,630 | 4,475,892 | 4,475,891 | 4,475,891 | 4,475,891 | |||||||||
Weighted average shares outstanding per quarter - diluted | 4,583,070 | 4,583,737 | 4,583,737 | 4,583,737 | 4,583,737 | |||||||||
Financial Condition Data and Ratios: | ||||||||||||||
Loans, net of deferred fees | $ | 324,725 | $ | 329,437 | $ | 332,335 | $ | 362,836 | $ | 379,419 | ||||
Allowance for credit losses | $ | (2,543) | $ | (2,398) | $ | (2,249) | $ | (2,092) | $ | (2,358) | ||||
Total assets | $ | 418,375 | $ | 417,756 | $ | 426,007 | $ | 432,421 | $ | 450,291 | ||||
Total deposits | $ | 338,694 | $ | 339,032 | $ | 348,064 | $ | 354,099 | $ | 369,547 | ||||
Net interest margin | 2.32 % | 2.58 % | 1.83 % | 2.71 % | 2.72 % | |||||||||
Efficiency | 75.08 % | 64.26 % | 70.65 % | 58.68 % | 44.81 % | |||||||||
Asset Quality Data and Ratios: | ||||||||||||||
Total nonperforming assets | $ | 25,080 | $ | 22,323 | $ | 22,409 | $ | 23,042 | $ | 23,039 | ||||
Total nonperforming assets, net of government guarantees | 6,521 | 6,478 | 7,422 | 7,553 | 7,552 | |||||||||
Nonperforming assets to total assets | 5.99 % | 5.34 % | 5.26 % | 5.33 % | 5.13 % | |||||||||
Nonperforming assets to total assets, net of government guarantees | 1.56 % | 1.55 % | 1.74 % | 1.75 % | 1.68 % | |||||||||
Allowance for credit losses to total loans | 0.78 % | 0.73 % | 0.68 % | 0.58 % | 0.62 % | |||||||||
Net (recoveries) charge-offs to average loans (annualized) | 0.01 % | (0.00 %) | (0.01 %) | 0.60 % | 4.74 % | |||||||||
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SOURCE Touchmark Bancshares, Inc.
FAQ
What did Touchmark Bancshares (TMAK) report for fourth-quarter 2025 net income?
How did Touchmark Bancshares' loan and deposit balances change in Q4 2025 (TMAK)?
What dividend did Touchmark Bancshares declare for 2025 (TMAK)?
What operational progress did Touchmark report on lending and deposits in Q4 2025 (TMAK)?
How did Touchmark's asset quality metrics look at December 31, 2025 (TMAK)?
