Strengthens Leadership Team and Maintains Annual Dividend
ALPHARETTA, Ga., Feb. 11, 2026 /PRNewswire/ -- Touchmark Bancshares, Inc. (OTCID: TMAK), the holding company for Touchmark National Bank, today reported financial results for the fourth quarter and year ended December 31, 2025.
Key highlights of Touchmark Bancshares' results for the quarter ending December 31, 2025 include:
-- Net income decreased 28% to $439,000, driven by the acceleration of
unamortized premiums;
-- Deposits, excluding brokered, increased by $2.6 million along with a
reduction in deposit expense;
-- Added a Chief Lending Officer and new loan production topped $6 million;
and
-- Declared $0.65 per share annual dividend.
"During the fourth quarter, net loan growth did not turn positive as expected because of unexpected loan payoffs totaling $4.5 million even though new loan production for the quarter topped $6 million, the highest quarterly growth rate in over two years," said Bobby Krimmel, President and CEO of Touchmark National Bank. "Deposit growth, excluding brokered deposits, turned positive for the quarter with new customer growth in core non-interest checking and money market accounts on top of a reduction in deposit expense of 23 basis points. Net income fell below our expectations for the quarter because loan purchase premium amortization expense accelerated by $310,000."
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 $40 million. We continue to reshape the balance sheet with organic loan growth, new deposit relationships and a reduction in non-core funding dependence with our growth strategy focused on full relationship banking for entrepreneurs, small and medium sized businesses with revenue up to $50 million."
Fourth Quarter 2025 Results of Operations
-- Net income increased to $439,000 for the fourth quarter of 2025 compared
to a net loss of $308,000 for the same period for 2024 but decreased 28%
from the sequential quarter, driven by lower net interest income of
$311,000;
-- Net interest income decreased 21% to $2.4 million for the fourth quarter
of 2025 compared to the same period for 2024 and declined by $311,000, or
12%, from the sequential quarter driven by higher loan purchase premium
amortization expense of $310,000 driven by the unexpected payoff of
purchased loans;
-- Non-interest income decreased 16% to $152,000 for the fourth quarter of
2025 compared to the same period for 2024 but increased by $42,000, or
38%, from the sequential quarter driven by an increase in early loan
prepayment revenue of $40,000; and
-- Non-interest expense increased 34% to $1.9 million compared to the same
period for 2024 and increased by $102,000 from the sequential quarter
driven by higher salaries and employee benefits expense of $71,000.
Balance Sheet and Capital
-- Total loans declined by $55 million, or 14%, to $325 million during the
fourth quarter of 2025 compared to the same period in 2024 and decreased
by $4.7 million, or 1%, from the sequential quarter driven by normal
amortization of the loan portfolio of $6.2 million and unexpected loan
payoffs from the purchased loan portfolio of $4.5 million partially
offset by new loan growth of $6.1 million;
-- Total deposits decreased by $31 million, or 8%, to $339 million during
the fourth quarter of 2025 compared to the same period in 2024 driven by
a reduction in time deposits of $34.2 million, brokered deposits of $31.6
million, and internet time deposits of $7.9 million offset in part by
growth in money market deposits of $42.6 million. Total deposits declined
by $338,000 from the sequential quarter, driven by a reduction in time
deposits of $16.5 million, brokered deposits of $2.9 million, internet
time deposits of $2.7 million, offset in part by growth in money market
deposits of $17.1 million and non-interest bearing demand deposits of
$4.7 million;
-- As of December 31, 2025, book value per share decreased 1% to $15.84
compared to the same period in 2024 and decreased by $0.55 compared to
the sequential quarter; and
-- The Company declared its annual dividend for 2025 at $0.65 per share.
Asset Quality
-- Nonperforming assets, net of government guarantees, for the fourth
quarter of 2025 decreased to $6.5 million, or 1.56% of total assets,
compared to $7.6 million, or 1.68% of total assets, for the same period
in 2024 but increased by $43,000 compared to the sequential quarter
driven by a small problem loan that is in resolution;
-- Net charge-offs to average loans increased to 0.01% for the fourth
quarter of 2025 compared to net charge-offs of 4.74% for the same period
in 2024 and net recoveries of 0.00% for the sequential quarter; and
-- Allowance for credit losses represented 0.78% of total loans outstanding
as of the fourth quarter of 2025, up from 0.62% for the same period in
2024 and from 0.73% 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 Alpharetta, Georgia, serving Cherokee, Cobb, Dekalb, Forsyth, Gwinnett, and North Fulton counties. As of December 31, 2025, Touchmark reported total assets of $418 million and total shareholders' equity of $71 million. For more information about Touchmark, visit us at www.touchmarknb.com under Investor Relations.
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 December
31, 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
----------- -----------
Common stock - $0.01 par
value per share,
SHAREHOLDERS' 50,000,000 shares
authorized; 4,476,891
shares issued and
EQUITY 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)
----------- -----------
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