TOUCHMARK BANCSHARES, INC. REPORTS FIRST QUARTER RESULTS
Touchmark Bancshares reported Q1 net income of $94,000, a sharp decline from $733,000 in the prior year, driven by lower net interest income and unexpected loan payoffs. Despite the earnings pressure, the bank achieved a significant milestone by terminating its Formal Agreement with the OCC, effectively removing regulatory overhang and clearing the way for strategic growth.
Key figures
- Eps
- 0.02
- Net income
- 94000
- Total assets
- 410201000
- Net interest income
- 2063000
- Net interest margin
- 1.94%
- Organic loan growth
- 11000000
- Book value per share
- 15.85
- Nonperforming assets
- 6500000
AI analysis
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