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 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 -$0.01 par value per share,
50,000,000 shares
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 Twelve Months Ended
December 31, December 31,
(dollars in thousands, except per
share data) 2025 2024 2025 2024
INTEREST
Interest and fees on loans $
4,650 $
6,628 $
20,670 $
28,703
AND
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,
2025 2025 2025 2025 2024
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.
For additional information contact: Bobby Krimmel, President and CEO, Touchmark National Bank, (770) 407-6711