Touchmark Bancshares Inc. Reports First Quarter Results
Touchmark Bancshares, Inc. (OTC Pink: TMAK), the parent company of Touchmark National Bank, recently disclosed its financial results for the first quarter of 2025. The report showcases a transition phase as the company seeks to strengthen its community banking relationships.
Leadership Change
A significant aspect of this report is the appointment of Bobby Krimmel as the new President and CEO of Touchmark National Bank. Krimmel succeeds Dr. J.J. Shah and brings fresh strategic insights aimed at fostering local customer relations. He stated, "Our first quarter results reflected the beginning of a transition period for Touchmark to grow its balance sheet, emphasizing local banking relationships in our primary market within a 25-mile radius from Alpharetta."
Financial Highlights
While the results showed a decrease in net income by 48.4%, down to $733,000 compared to $1.4 million from the same period last year, the company remains optimistic about its future.
Key Financial Metrics:
- - Net Interest Income fell by 14.4%, totaling $2.9 million, down from $3.4 million last year.
- - Total Loan Balances decreased by $16.3 million (4.3%) in Q1 2025.
- - The Efficiency Ratio has improved to 59.22%, compared to 52.42% a year earlier.
- - Noninterest expenses declined by 11.3% to $1.8 million.
- - Book Value Per Share rose slightly to $16.14 from $16.06.
Despite the overall reduction in net income, the efficiency improvements and reduction in noninterest expenses indicate progress in operational management and cost control.
Asset Quality
The bank's asset quality remains stable, with nonperforming assets down to $7.6 million, a significant drop from $13.4 million in the prior year period. The company has also reported a decrease in net charge-offs to 0.60% for Q1 2025, compared to 4.74% in the previous quarter.
Future Outlook
Touchmark Bancshares' new strategy focuses on building relationships within its local market. To facilitate this, it has added one new SBA banker and plans to continue hiring with an additional local banker focused on conventional loans. Krimmel expressed confidence in the new strategy, asserting that their focus on relationship banking will yield sustainable performance for shareholders in the long run.
In his closing remarks, Krimmel reinforced the commitment to strengthen Touchmark’s local presence and highlighted the active pursuit of customer relationships as a cornerstone of the firm’s new strategic direction.
For further details about Touchmark Bancshares, including its financial statements and service offerings, visit
Touchmark's Investor Relations page.
Conclusion
Touchmark Bancshares Inc.'s first quarter of 2025 reflects not just a financial performance but also a strategic evolution under new leadership. As the company refines its approach to local banking, stakeholders will be keenly watching how these initiatives unfold in the upcoming quarters.