TOUCHMARK BANCSHARES, INC. REPORTS SECOND QUARTER 2026 RESULTS
Rhea-AI Summary
Touchmark Bancshares (OTC:TMAK) reported second-quarter 2026 net income of $752,000, or $0.16 diluted EPS, up 103% from $370,000, or $0.08, in Q2 2025. Net interest income rose 12.7% year over year to $2.7 million, and net interest margin expanded to 2.61%, the highest since June 2025.
Total assets were $416.2 million at June 30, 2026. Loans declined 4.5% year over year to $317.4 million, while deposits fell 3% to $338.2 million but increased 1.6% sequentially. The bank remained well-capitalized, with a 13.15% leverage ratio and 42.68% tier 1 risk-based capital ratio.
Nonperforming assets net of government guarantees fell to 1.54% of total assets. The company repurchased 15,000 shares at an average $9.41, about a 41% discount to its $16.03 book value per share, and appointed Gina Omolon as Executive Vice President and Chief Financial Officer.
Positive
- Q2 2026 net income up 103% year over year to $752,000
- Net interest margin expanded to 2.61%, highest level since June 2025
- Noninterest expense down 1.1% year over year; efficiency ratio improved to 64%
- Nonperforming assets net guarantees decreased to 1.54% of total assets
- Share repurchase of 15,000 shares at ~41% discount to book value
- Strong capital ratios with 13.15% leverage and 42.68% tier 1 risk-based capital
Negative
- First-half 2026 net income declined to $846,000 from $1.1 million year over year
- Total loans decreased 4.5% year over year and 1.0% sequentially to $317.4 million
- Total deposits fell 3% year over year to $338.2 million despite sequential growth
- Allowance for credit losses ratio increased to 0.83% of total loans from 0.68% a year earlier
AI-generated analysis. How Rhea-AI works. Not financial advice.
Net Income Jumps
Quarterly Highlights
- Net income for the quarter increased
103% compared to the same period last year; - Organic loan growth for the first six months of 2026 increased
402% compared to the same period in the prior year; - Net interest margin expanded to
2.61% , its highest level since June 2025; - Repurchased 15,000 shares of common stock in the open market; and
- Added a Chief Financial Officer.
"We are pleased with the improvement in net income, organic loan growth, net interest margin expansion and asset quality trends during the second quarter," said Bobby Krimmel, President and Chief Executive Officer of Touchmark Bancshares, Inc. "We continued to advance our relationship banking strategy with year-to-date organic loan growth up
Krimmel continued, "During the quarter, net income surged
Second Quarter 2026 Results of Operations
- Net income increased to
$752,000 $370,000 $94,000 $219,000
- Net interest income increased
12.7% to$2.7 million $2.4 million $614,000 29.8% , from the sequential quarter driven by the continued margin expansion resulting from cost of funds management and onboarding of higher yielding assets. The increase in net interest income from the sequential quarter was also impacted by a non-recurring premium amortization of$557,000 $57,000 2.2% from the sequential quarter;
- Loan commitments totaled
$12.4 million $11.8 million $24.2 million $5.0 million 6.84% from6.63% in the sequential quarter. Cost of funds improved 15 basis points to3.08% from3.23% in the sequential quarter. These factors contributed to an expansion of the Bank's net interest margin to2.61% , its highest level since June 2025;
- Non-interest income increased to
$329,000 137% , for the second quarter of 2026 compared to the same period for 2025 and by$214,000 185% , from the sequential quarter. The increase in noninterest income resulted mainly from a$219,000
- Non-interest expense decreased
1.1% to$1.8 million $62,000 3% , from the sequential quarter driven by lower other real estate expenses and supervisory fees resulting from the termination of the Bank's Formal Agreement with the OCC during the first quarter 2026. The efficiency ratio was64% for the quarter compared with70% one year earlier.
Balance Sheet and Capital
- Total assets grew
$6.0 million $416.2 million $10.4 million $5.2 million $3.3 million
- Total loans declined by
$15.0 million 4.5% , to$317.4 million $3.3 million 1.0% , from the sequential quarter. The decrease in the balance over the prior quarter was driven by loan repayments of$3.2 million $1.0 million $4.5 million $1.3 million $6.7 million
- Total deposits decreased by
$9.9 million 3% , to$338.2 million $87.2 million $76.8 million $5.2 million 1.6% , from the sequential quarter, driven by growth in money market deposits of$22.8 million $17.2 million
- As of June 30, 2026, book value per share decreased to
$16.03 $16.22 $15.85
- The Bank remained well-capitalized as of June 30, 2026, with a leverage ratio of
13.15% and tier 1 risk-based capital ratio of42.68% .
Asset Quality
- Nonperforming assets, net of government guarantees, for the second quarter of 2026 decreased to
$6.4 million 1.54% of total assets, compared to$7.4 million 1.74% of total assets, for the same period in 2025 and was essentially flat from the sequential quarter;
- There were no charge-offs during the second quarter compared with a net recovery of
0.01% for the same period in 2025 compared to net charge-offs of0.32% for the sequential quarter driven by the resolution of problem assets; and
- Allowance for credit losses represented
0.83% of total loans outstanding as of the second quarter of 2026, up from0.68% for the same period in 2025 and from0.76% for the sequential quarter.
Capital Management Initiatives
During the second quarter of 2026, the Company repurchased 15,000 shares of its common stock in the open market at an average price of
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 Alpharetta, Georgia, serving Cherokee, Cobb, Dekalb, Forsyth, Gwinnett, and North Fulton counties. As of June 30, 2026, Touchmark reported total assets of
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) | ||||||||||
June 30, | December 31, | |||||||||
(dollars in thousands, except per share data) | 2026 | 2025(1) | ||||||||
ASSETS | Cash and due from banks | $ | 797 | $ | 607 | |||||
Interest-bearing deposits | 71,497 | 65,041 | ||||||||
Federal funds sold | 5,175 | 5,175 | ||||||||
Total cash and cash equivalents | 77,469 | 70,823 | ||||||||
Available-for-sale securities | 11,098 | 10,806 | ||||||||
Equity securities | 1,577 | 1,598 | ||||||||
Loans, net of deferred fees and purchased premiums | 317,376 | 324,725 | ||||||||
Allowance for credit losses | (2,629) | (2,543) | ||||||||
Net loans | 314,747 | 322,182 | ||||||||
Bank premises and equipment, net | 1,410 | 1,490 | ||||||||
Other Real Estate | 5,826 | 5,826 | ||||||||
Other assets | 4,043 | 4,912 | ||||||||
TOTAL ASSETS | $ | 416,170 | $ | 417,637 | ||||||
LIABILITIES | Deposits: | |||||||||
Noninterest-bearing | $ | 18,078 | $ | 17,722 | ||||||
Interest-bearing | 320,081 | 320,972 | ||||||||
Total deposits | 338,159 | 338,694 | ||||||||
Accounts payable and accrued liabilities | 6,476 | 8,027 | ||||||||
TOTAL LIABILITIES | 344,635 | 346,721 | ||||||||
SHAREHOLDERS' | Common stock - | |||||||||
EQUITY | authorized; 4,461,890 shares issued and outstanding as of | |||||||||
June 30, 2026 and 4,476,891 shares issued and outstanding | ||||||||||
as of December 31, 2025 | 45 | 45 | ||||||||
Additional paid-in capital | 46,895 | 46,895 | ||||||||
Retained earnings | 25,228 | 24,523 | ||||||||
Accumulated other comprehensive loss | (633) | (547) | ||||||||
TOTAL SHAREHOLDERS' EQUITY | 71,535 | 70,916 | ||||||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 416,170 | $ | 417,637 | ||||||
(1) Derived from audited financial statements as of December 31, 2025.
| ||||||||||
TOUCHMARK BANCSHARES, INC. AND SUBSIDIARY | ||||||||
CONSOLIDATED STATEMENTS OF INCOME | ||||||||
(Unaudited) | ||||||||
Three Months Ended | Six Months Ended | |||||||
June 30, | June 30, | |||||||
(dollars in thousands, except per share data) | 2026 | 2025 | 2026 | 2025 | ||||
INTEREST AND | Interest and fees on loans | $ 4,645 | $ 5,139 | $ 8,854 | $ 11,385 | |||
DIVIDEND | Income on investment securities | 100 | 107 | 201 | 210 | |||
INCOME | Interest from federal funds sold and other | 618 | 635 | 1,179 | 1,123 | |||
Total interest income | 5,363 | 5,881 | 10,234 | 12,718 | ||||
INTEREST | Interest on deposits | 2,687 | 3,507 | 5,495 | 7,362 | |||
EXPENSE | Interest on borrowings | 0 | 0 | 0 | 0 | |||
Total interest expense | 2,687 | 3,507 | 5,495 | 7,362 | ||||
Net interest income | 2,676 | 2,374 | 4,739 | 5,356 | ||||
Provision for credit losses | 170 | 150 | 320 | 445 | ||||
Net interest income after provision | 2,506 | 2,224 | 4,419 | 4,911 | ||||
NONINTEREST | Service fees on deposit accounts | 3 | 2 | 5 | 3 | |||
INCOME | Loan servicing fees | 97 | 130 | 200 | 240 | |||
Gain on asset sales | 219 | 0 | 219 | 0 | ||||
Other noninterest income | 10 | 7 | 20 | 14 | ||||
Total noninterest income | 329 | 139 | 444 | 257 | ||||
NONINTEREST | Salaries and employee benefits | 1,145 | 1,028 | 2,129 | 2,011 | |||
EXPENSE | Net occupancy expense | 74 | 50 | 144 | 118 | |||
Foreclosed real estate expenses | 20 | 79 | 191 | 132 | ||||
Data processing expense | 97 | 91 | 195 | 185 | ||||
Loan collection expense | 2 | 59 | 2 | 64 | ||||
Audits and exams expense | 55 | 45 | 100 | 90 | ||||
Supervisory assessments | 77 | 95 | 168 | 188 | ||||
Other noninterest expense | 360 | 404 | 793 | 899 | ||||
Total noninterest expense | 1,830 | 1,851 | 3,722 | 3,687 | ||||
Income before provision for income taxes | 1,005 | 511 | 1,141 | 1,481 | ||||
Provision for income taxes | 253 | 141 | 295 | 377 | ||||
Net income | $ 752 | $ 370 | $ 846 | $ 1,104 | ||||
Weighted average shares outstanding - basic | 4,473,209 | 4,475,891 | 4,475,040 | 4,475,891 | ||||
Weighted average shares outstanding - diluted | 4,580,055 | 4,583,737 | 4,581,886 | 4,583,737 | ||||
Earnings per share | $ 0.17 | $ 0.08 | $ 0.19 | $ 0.25 | ||||
Diluted earnings per share | $ 0.16 | $ 0.08 | $ 0.18 | $ 0.24 | ||||
TOUCHMARK BANCSHARES, INC. AND SUBSIDIARY | |||||||||
FINANCIAL HIGHLIGHTS | |||||||||
(Unaudited) | |||||||||
For the Three Months Ended | |||||||||
June 30, | March 31, | December 31, | September 30, | June 30, | |||||
(dollars in thousands except per share data) | 2026 | 2026 | 2025 | 2025 | 2025 | ||||
Results of Operations: | |||||||||
Interest income | $ 5,363 | $ 4,871 | $ 5,513 | $ 6,067 | $ 5,881 | ||||
Interest expense | 2,687 | 2,808 | 3,091 | 3,373 | 3,507 | ||||
Net interest income | 2,676 | 2,063 | 2,422 | 2,694 | 2,374 | ||||
Provision for credit losses | 170 | 150 | 150 | 150 | 150 | ||||
Non-interest income | 329 | 115 | 112 | 110 | 139 | ||||
Non-interest expense | 1,830 | 1,892 | 1,941 | 1,840 | 1,852 | ||||
Income before income taxes | 1,005 | 136 | 443 | 814 | 511 | ||||
Provision for income taxes | 253 | 42 | 4 | 205 | 141 | ||||
Net income | 752 | 94 | 439 | 609 | 370 | ||||
Return on average assets | 0.73 % | 0.09 % | 0.42 % | 0.58 % | 0.35 % | ||||
Return on average equity | 4.22 % | 0.53 % | 2.43 % | 3.34 % | 2.03 % | ||||
Per Share Data: | |||||||||
Basic earnings per share | $ 0.17 | $ 0.02 | $ 0.10 | $ 0.14 | $ 0.08 | ||||
Diluted earnings per share | $ 0.16 | $ 0.02 | $ 0.10 | $ 0.13 | $ 0.08 | ||||
Book value per share | 16.03 | 15.85 | 15.84 | 16.39 | 16.22 | ||||
Weighted average shares outstanding per quarter - basic | 4,473,209 | 4,476,891 | 4,476,630 | 4,475,892 | 4,475,891 | ||||
Weighted average shares outstanding per quarter - diluted | 4,580,055 | 4,583,737 | 4,583,070 | 4,583,737 | 4,583,737 | ||||
Financial Condition Data and Ratios: | |||||||||
Loans, net of deferred fees and purchased premiums | $ 317,376 | $ 320,708 | $ 324,725 | $ 329,437 | $ 332,335 | ||||
Allowance for credit losses | $ 2,629) | $ (2,436) | $ (2,543) | $ (2,398) | $ (2,249) | ||||
Total assets | $ 416,170 | $ 410,201 | $ 417,637 | $ 417,756 | $ 426,007 | ||||
Total deposits | $ 38,159 | $ 332,939 | $ 338,694 | $ 339,032 | $ 348,064 | ||||
Total equity | $ 71,535 | $ 70,953 | $ 70,916 | $ 73,347 | $ 72,593 | ||||
Net interest margin | 2.61 % | 1.94 % | 2.32 % | 2.58 % | 1.83 % | ||||
Efficiency | 64.00 % | 85.05 % | 75.08 % | 64.26 % | 70.65 % | ||||
Common equity tier 1 ratio (Bank) | 42.68 % | 42.09 % | 46.00 % | 48.54 % | 47.88 % | ||||
Tier 1 leverage ratio (Bank) | 13.15 % | 12.88 % | 12.62 % | 12.71 % | 12.49 % | ||||
Tier 1 risk-based capital ratio (Bank) | 42.69 % | 42.09 % | 46.00 % | 45.84 % | 47.88 % | ||||
Asset Quality Data and Ratios: | |||||||||
Total nonperforming assets | $ 22,010 | $ 22,590 | $ 25,080 | $ 22,323 | $ 22,409 | ||||
Total nonperforming assets, net of government guarantees | $ 6,424 | $ 6,483 | $ 6,521 | $ 6,478 | $ 7,422 | ||||
Total nonperforming assets to total assets | 5.29 % | 5.51 % | 6.01 % | 5.34 % | 5.26 % | ||||
Total nonperforming assets to total assets, net of | |||||||||
government guarantees | 1.54 % | 1.58 % | 1.56 % | 1.55 % | 1.74 % | ||||
Allowance for credit losses to total loans | 0.83 % | 0.76 % | 0.78 % | 0.73 % | 0.68 % | ||||
Net charge-offs (recoveries) to average loans | 0.00 % | 0.32 % | 0.01 % | 0.00 % | -0.01 % | ||||
View original content to download multimedia:https://www.prnewswire.com/news-releases/touchmark-bancshares-inc-reports-second-quarter-2026-results-302832244.html
SOURCE Touchmark Bancshares, Inc.