Texas munity Bancshares(US:TCBS)2025-08-01 20:15Financial Performance - Net income for Q2 2025 was $678,000, up from $348,000 in Q2 2024, marking a significant improvement[1] - Noninterest income increased by $186,000, or 47.3%, to $579,000 for Q2 2025 compared to $393,000 in Q2 2024[7] - Net interest income increased by $356,000, or 5.8%, to $6.5 million for the first half of 2025 compared to $6.1 million for the same period in 2024[3] Deposits and Equity - Total deposits rose by $14.6 million, or 4.5%, from $324.6 million at June 30, 2024, to $339.2 million at June 30, 2025[3] - Total shareholders' equity increased by $761,000, or 1.5%, to $52.9 million at June 30, 2025, from $52.1 million at December 31, 2024[9] Credit and Losses - The provision for credit losses increased by $224,000, or 146.4%, to $71,000 for the first half of 2025, compared to a reversal of $153,000 in the same period of 2024[5] - The bank's nonaccrual loans represented 3.58% of the loan portfolio as of June 30, 2025, with two large loan relationships under scrutiny[6] Strategic Initiatives - The bank has invested in new technology and products, including an automated consumer loan process and online account opening[2] - The company is focused on enhancing market share and expanding its branch network, with a new branch opened in Tyler, Texas in Q1 2024[10] Capitalization - The bank's leverage ratio was reported at 11.32% as of June 30, 2025, indicating strong capitalization[9]