T
Texas Community Bancshares, Inc.
TCBSCIK 0001849466NasdaqEmerging GrowthSavings Institutions, Not Federally CharteredFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$2.84M
Total Assets
$429.84M
Equity
$53.76M
Shares Out
2.89M
Op. Cash Flow
$1.37M
Business
Texas Community Bancshares, Inc. is a bank holding company that conducts its operations primarily through its wholly owned subsidiary, Broadstreet Bank, a Texas‑chartered savings bank. The company offers a range of banking products and services, including checking, savings, money market and certificate of deposit accounts; residential, commercial, construction, land, municipal, consumer and small business loans; investment securities; and mortgage facilitation services. Its principal lines of business are deposit gathering, lending (residential, commercial and construction), investment portfolio management and mortgage-related activities. The company distributes services through a main office and multiple branch locations in East Texas counties and via loan officers, referrals and membership in the Federal Home Loan Bank system.
Summary from filing dated 2025-03-27
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Loans, including fees | 18 | 16 | 13 | 10 | 10 | |
| Taxable | 4 | 4 | 5 | 2 | 741,000 | |
| Non taxable | 176,000 | 158,000 | 190,000 | 155,000 | 116,000 | |
| Dividends on restricted investments | 167,000 | 221,000 | 159,000 | 38,000 | 22,000 | |
| Federal funds sold | 207,000 | 671,000 | 187,000 | 99,000 | 24,000 | |
| Deposits with banks | 323,000 | 723,000 | 452,000 | 39,000 | 56,000 | |
| Financial derivative | −10,000 | 450,000 | 277,000 | — | — | |
| Total interest income | 22 | 22 | 19 | 13 | 11 | |
| Deposits | 7 | 7 | 5 | 1 | 1 | |
| Advances from FHLB | 2 | 3 | 3 | 777,000 | 615,000 | |
| Other | 9,000 | 10,000 | 9,000 | 10,000 | 11,000 | |
| Total interest expense | 9 | 10 | — | — | — | |
| Net Interest Income | 13 | 13 | 11 | 10 | 8 | |
| Provision for credit losses - loans | 736,000 | 269,000 | 329,000 | 208,000 | — | |
| Provision (Credit) for Credit Losses - off-balance sheet credit exposures | 95,000 | −111,000 | 27,000 | — | — | |
| Provision for Credit Losses | 831,000 | 158,000 | 356,000 | 208,000 | — | |
| Net Interest Income After Provision for Credit Losses | 12 | 12 | 11 | 10 | 8 | |
| Service charges on deposit accounts | 729,000 | 687,000 | 686,000 | 666,000 | 578,000 | |
| Other service charges and fees | 1 | 1 | 1 | 1 | 1 | |
| Net gain on securities transactions | 117,000 | 190,000 | — | — | — | |
| Net loss on sale of loans | — | −4 | — | — | — | |
| Net (loss) gain on sale of other real estate owned | −19,000 | 37,000 | 32,000 | 42,000 | — | |
| Fair value adjustments to other real estate owned | 495,000 | −78,000 | — | — | — | |
| Net loss on premises and equipment | — | −287,000 | −1,000 | — | — | |
| Net appreciation on bank-owned life insurance | 173,000 | 133,000 | 113,000 | 105,000 | 111,000 | |
| Gain on other investment | 198,000 | — | — | — | — | |
| Other income | 232,000 | 21,000 | 50,000 | 27,000 | 21,000 | |
| Total noninterest income (loss) | 3 | −2 | 352,000 | 2 | 2 | |
| Salaries and employee benefits | 7 | 7 | 7 | 6 | 5 | |
| Occupancy and equipment expense | 1 | 1 | 835,000 | 769,000 | 725,000 | |
| Data processing | 1 | 937,000 | 927,000 | 838,000 | 833,000 | |
| Technology expense | 298,000 | 435,000 | 473,000 | 399,000 | — | |
| Contract services | 262,000 | 265,000 | 289,000 | 184,000 | 547,000 | |
| Director fees | 248,000 | 304,000 | 399,000 | 383,000 | 306,000 | |
| Other expense | 3 | 2 | 2 | 1 | 2 | |
| Total noninterest expense | 12 | 12 | 12 | 10 | 9 | |
| Income (Loss) Before Income Taxes | 3 | −2 | −937,000 | 2 | 611,000 | |
| Income Tax Expense (Benefit) | 522,000 | −476,000 | −204,000 | 423,000 | 93,000 | |
| Net Income (Loss) | 3 | −1 | −733,000 | 2 | 518,000 | |
| Earnings (Loss) per share - basic (in dollars per share) | 1.04 | −0.45 | −0.24 | 0.58 | 0.17 | |
| Earnings (Loss) per share - diluted (in dollars per share) | 1 | −0.44 | −0.24 | 0.58 | 0.17 | |
| Weighted-average shares outstanding - basic (in shares) | 3 | 3 | 3 | 3 | 3 | |
| Weighted-average shares outstanding - diluted (in shares) | 3 | 3 | 3 | 3 | 3 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 4 | 4 | 5 | 7 | 6 | |
| Federal funds sold | 3 | 9 | 8 | 2 | 16 | |
| Cash and cash equivalents | 6 | 13 | 13 | 9 | 22 | |
| Interest bearing deposits in banks | 6 | 10 | 12 | 2 | 15 | |
| Securities available for sale | 60 | 75 | 93 | — | — | |
| Securities held to maturity, net of allowance for credit losses of $0 (fair values of $16,744 at December 31, 2025 and $19,531 at December 31, 2024) | 18 | 22 | — | — | — | |
| Loans receivable, net of allowance for credit losses of $3,440 at December 31, 2025 and $3,222 at December 31, 2024 | 302 | 292 | 280 | — | — | |
| Net investment in direct financing leases | 1 | 1 | 36,000 | 64,000 | 105,000 | |
| Accrued interest receivable | 2 | 2 | 2 | 1 | 931,000 | |
| Premises and equipment, net | 11 | 12 | 12 | 6 | 6 | |
| Bank-owned life insurance | 7 | 6 | 6 | 6 | 6 | |
| Other real estate owned | 9 | 480,000 | 162,000 | — | — | |
| Restricted investments carried at cost | 3 | 4 | 4 | 3 | 2 | |
| Core deposit intangible | — | 132,000 | 265,000 | 397,000 | 529,000 | |
| Deferred income taxes | 2 | 3 | 2 | 2 | 651,000 | |
| Financial derivative | — | 419,000 | 115,000 | — | — | |
| Other assets | 3 | 2 | 949,000 | 789,000 | 607,000 | |
| Total assets | 430 | 443 | 452 | 417 | 365 | |
| Noninterest bearing | 46 | 41 | 46 | 46 | 41 | |
| Interest bearing | 282 | 294 | 272 | 250 | 234 | |
| Total deposits | 328 | 336 | 317 | 296 | 275 | |
| Advances from Federal Home Loan Bank (FHLB) | 46 | 50 | 77 | 62 | 28 | |
| Accrued expenses and other liabilities | 3 | 6 | 4 | 3 | 2 | |
| Total liabilities | 376 | 391 | 398 | 361 | 305 | |
| Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued and outstanding | — | — | — | — | — | |
| Common stock, $0.01 par value, 19,000,000 shares authorized, 3,366,516 issued and 2,887,275 outstanding at December 31, 2025 and 3,370,425 issued and 3,088,152 outstanding at December 31, 2024 | 34,000 | 34,000 | 34,000 | 33,000 | 33,000 | |
| Additional paid in capital | 33 | 32 | 32 | 31 | — | |
| Retained earnings | 32 | 30 | 32 | 34 | 32 | |
| Accumulated other comprehensive loss | −3 | −5 | −6 | −7 | −686,000 | |
| Unearned Employee Stock Ownership Program (ESOP) shares, at cost | −2 | −2 | −2 | −2 | −2 | |
| Treasury stock, at cost (479,241 shares at December 31, 2025 and 282,273 shares at December 31, 2024) | −7 | −4 | −2 | — | — | |
| Total shareholders' equity | 54 | 52 | 54 | 56 | 60 | |
| Total liabilities and shareholders' equity | 430 | 443 | 452 | 417 | 365 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income (loss) | 3 | −1 | −733,000 | 2 | 518,000 | |
| Net (accretion) amortization of securities | −149,000 | 74,000 | −47,000 | 421,000 | 443,000 | |
| Depreciation and amortization | 593,000 | 572,000 | 422,000 | 431,000 | 437,000 | |
| Net unrealized gain on discontinued financial derivative | 463,000 | — | — | — | — | |
| Stock dividends on restricted investments | −155,000 | −211,000 | −49,000 | −28,000 | — | |
| Net increase on other investment | −157,000 | — | — | — | — | |
| ESOP compensation expense for allocated shares | 253,000 | 223,000 | 193,000 | 213,000 | 202,000 | |
| Loss (gain) on sale other real estate owned | 19,000 | −37,000 | — | — | — | |
| Stock-based compensation | 607,000 | 757,000 | 528,000 | 84,000 | — | |
| Deferred income tax expense (benefit) | 405,000 | −476,000 | −232,000 | 25,000 | −188,000 | |
| Loss on fair value adjustment of fair value hedges | 10,000 | −6,000 | 4,000 | — | — | |
| Accrued interest receivable | 31,000 | −191,000 | −401,000 | −396,000 | 32,000 | |
| Other assets | −229,000 | −724,000 | −160,000 | −174,000 | −56,000 | |
| Accrued expenses and other liabilities | −3 | −785,000 | 817,000 | 715,000 | 426,000 | |
| Net Cash from Operating Activities | 1 | 2 | 2 | 3 | 2 | |
| Net change in interest bearing deposits in banks | 4 | 3 | −10 | 13 | −940,000 | |
| Purchases | −54 | −19 | −10 | −75 | −79 | |
| Sales | 24 | 20 | 18 | 11 | — | |
| Maturities, prepayments and calls | 48 | 18 | 6 | 6 | 34 | |
| Maturities, prepayments and calls | 4 | 4 | 4 | 6 | 14 | |
| Redemptions of restricted investments | 1 | — | — | — | — | |
| Purchases of other investment | −169,000 | −132,000 | — | — | — | |
| Loan originations and principal collections, net | −19 | −37 | −30 | — | — | |
| Net decrease (increase) in net investment in direct financing leases | 73,000 | −1 | 28,000 | — | — | |
| Proceeds from sale of loans, originally classified as loans held for investment | — | 23 | — | — | — | |
| Proceeds from sales of other real estate owned | 568,000 | 56,000 | — | — | — | |
| Additions of premises and equipment | −394,000 | −1 | −6 | −393,000 | −137,000 | |
| Net Cash from Investing Activities | 8 | 9 | −31 | −72 | −53 | |
| Net (decrease) increase in deposits | −8 | 19 | 21 | 21 | 40 | |
| Advances from FHLB and other borrowings | 16 | 5 | 33 | 193 | — | |
| Payments on FHLB and other borrowings | −20 | −32 | −19 | −158 | −3 | |
| Cash dividends declared and paid | −593,000 | −504,000 | −368,000 | — | — | |
| Purchases of treasury stock | −3 | −2 | −2 | — | — | |
| Net Cash used for Financing Activities | −16 | −11 | 33 | 56 | 65 | |
| Net Change in Cash and Cash Equivalents | −7 | 230,000 | 4 | −13 | 14 |
Filings
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