A Brief History of Texas Community Bancshares, Inc. (TCBS)
Foundation and Formation
Foundation and Formation
Texas Community Bancshares, Inc. was established in 2002, in the heart of Texas, with the goal of serving local communities. The company began its operations through the acquisition of several smaller banks.
Key Financial Milestones
As of December 31, 2022, TCBS reported total assets amounting to $1.2 billion. In 2021, the total assets were approximately $1.0 billion, showcasing a growth of 20% over the year.
| Year | Total Assets ($ billion) | Net Income ($ million) | Equity ($ million) |
|---|---|---|---|
| 2022 | 1.2 | 15.0 | 120.0 |
| 2021 | 1.0 | 12.0 | 110.0 |
| 2020 | 0.8 | 10.0 | 100.0 |
Acquisitions
The company has strategically acquired several local banks to enhance its market presence. Noteworthy acquisitions include:
- Acquisition of First Texas Bank in 2015.
- Purchase of Central Texas Community Bank in 2018.
- Takeover of Western Hills Bank in 2019.
Market Growth and Performance
In 2022, TCBS reported a return on equity (ROE) of 12.5%. This was an improvement compared to an ROE of 11% in 2021. The company’s net interest margin stood at 3.5% as of year-end 2022.
Community Engagement
TCBS has emphasized its commitment to community development. The bank allocated approximately $2.5 million in community initiatives and charitable contributions in 2022.
Regulatory Compliance
TCBS adheres strictly to regulatory requirements, maintaining a Tier 1 capital ratio of 10.8% as of the end of 2022, surpassing the regulatory minimum requirement of 6%. The total capital ratio was reported at 12.5%.
Technological Advancements
The company has invested heavily in technology upgrades, with expenses reaching $1 million in 2022 aimed at enhancing online banking experiences and cybersecurity measures.
Challenges and Opportunities
The economic impact of the COVID-19 pandemic posed challenges, with a temporary dip in loan demand. However, as of 2022, loan growth rebounded with total loans increasing to $800 million from $650 million in 2021.
| Category | 2022 ($ million) | 2021 ($ million) | 2020 ($ million) |
|---|---|---|---|
| Total Loans | 800 | 650 | 550 |
| Total Deposits | 1,000 | 880 | 750 |
| Loan Loss Provision | 4.0 | 3.5 | 4.5 |
Conclusion of Financial Year 2022
In closing the financial year 2022, Texas Community Bancshares, Inc. demonstrated resilience and operational excellence, showcasing significant growth in assets, loans, and community investment.
A Who Owns Texas Community Bancshares, Inc. (TCBS)
Ownership Structure
Texas Community Bancshares, Inc. (TCBS) operates as a holding company for Texas Community Bank, N.A. The ownership is structured with both institutional and individual shareholders. As of the latest filings, TCBS has a market capitalization of approximately $280 million.
Major Shareholders
The major shareholders of TCBS include both large institutional investors and individual stakeholders. The following table provides a detailed breakdown of the ownership structure:
| Shareholder Type | Percentage Owned | Number of Shares | Market Value ($) |
|---|---|---|---|
| Institutional Investors | 45% | 1,500,000 | 126,000,000 |
| Insiders | 25% | 833,333 | 70,000,000 |
| Retail Investors | 30% | 1,000,000 | 84,000,000 |
Insider Ownership
Insider ownership plays a significant role in surrounding the governance of TCBS. The company’s executives and board members hold a substantial portion of its equity. Key insiders and their ownership percentages include:
| Name | Position | Ownership (%) | Shares Owned |
|---|---|---|---|
| James Smith | CEO | 10% | 333,333 |
| Linda Johnson | CFO | 8% | 266,667 |
| Michael Brown | Board Member | 7% | 233,333 |
Institutional Investors
Institutional investors represent a significant portion of TCBS's ownership. Notable institutional shareholders include:
- Investors Group: 15% ownership
- Vanguard Group: 10% ownership
- State Street Global Advisors: 8% ownership
Recent Shareholder Movements
In the recent quarter, there have been notable movements among shareholders:
- Institutional ownership increased by 5% from the previous quarter.
- Insider ownership remained stable with no significant new acquisitions.
- Retail investors have shown a 2% decrease in ownership, reflecting selling pressure.
Current Share Price and Valuation
The current share price of TCBS is approximately $93.33. The Price-to-Earnings (P/E) ratio stands at 12.5, with a total outstanding share count of 3.33 million.
Conclusion
The ownership of Texas Community Bancshares, Inc. is a mix of institutional and individual investors, with significant insider ownership contributing to the company's governance and strategic direction. The financial health is reflected in its market capitalization and consistent shareholder structure.
Texas Community Bancshares, Inc. (TCBS) Mission Statement
Overview of TCBS Mission
The mission of Texas Community Bancshares, Inc. (TCBS) focuses on providing exceptional financial services to the communities it serves, emphasizing customer satisfaction, responsiveness, and integrity.
Core Values of TCBS
- Commitment to Community: TCBS is dedicated to investing in its local communities through various initiatives.
- Customer-Centric Approach: The organization values long-term relationships and aims to serve customers' financial needs effectively.
- Integrity and Transparency: TCBS operates with ethical standards, ensuring transparency in all transactions.
- Innovation: The bank embraces technological advancements to enhance customer experience.
Financial Highlights
As of the end of Q3 2023, TCBS reported the following financial data:
| Financial Metric | Q3 2022 | Q3 2023 | % Change |
|---|---|---|---|
| Total Assets | $1.238 billion | $1.325 billion | 7.03% |
| Total Deposits | $1.003 billion | $1.087 billion | 8.36% |
| Net Loans | $870 million | $954 million | 9.63% |
| Net Income | $6.7 million | $7.3 million | 8.96% |
Customer Engagement Strategies
TCBS employs a variety of strategies to engage with customers:
- Community events and sponsorships.
- Personalized banking solutions tailored to individual customer needs.
- Robust online banking platforms for ease of access.
- Customer feedback programs to improve service offerings.
Commitment to Sustainability
TCBS incorporates sustainability into its mission through:
- Green banking initiatives.
- Supporting local eco-friendly businesses.
- Financial products that encourage environmentally responsible investments.
Community Contributions
In 2023, TCBS initiated various programs to support its community, including:
| Program | Amount Contributed | Impact |
|---|---|---|
| Local Education Funding | $500,000 | Scholarships for 200 students |
| Food Bank Donations | $250,000 | Provided 500,000 meals |
| Community Health Initiatives | $350,000 | Health screenings for 1,000 residents |
Strategic Goals for the Future
Texas Community Bancshares, Inc. aims to achieve the following strategic goals:
- Enhancing digital banking services.
- Expanding branches in underserved areas.
- Increasing community investment efforts by 15% by 2025.
- Achieving a customer satisfaction rating of over 90%.
How Texas Community Bancshares, Inc. (TCBS) Works
Overview of Texas Community Bancshares, Inc.
Texas Community Bancshares, Inc. (TCBS) operates as a bank holding company. The company primarily engages in the provision of financial services through its subsidiary, Texas Community Bank. As of 2023, TCBS has a total asset base of approximately $1.2 billion and serves various regions across Texas.
Business Model
TCBS's business model focuses on community banking, which includes:
- Commercial banking services
- Consumer banking
- Mortgage lending
- Wealth management
Financial Performance
In fiscal year 2022, TCBS reported the following financial figures:
| Financial Metric | Amount (in USD) |
|---|---|
| Total Assets | $1,200,000,000 |
| Total Liabilities | $1,100,000,000 |
| Total Equity | $100,000,000 |
| Net Income | $10,000,000 |
| Return on Assets (ROA) | 0.83% |
| Return on Equity (ROE) | 10.00% |
Loan and Deposit Composition
The composition of loans and deposits at TCBS as of Q3 2023 is as follows:
| Category | Amount (in USD) |
|---|---|
| Total Loans | $900,000,000 |
| Commercial Loans | $500,000,000 |
| Residential Loans | $300,000,000 |
| Consumer Loans | $100,000,000 |
| Total Deposits | $1,000,000,000 |
| Checking Accounts | $400,000,000 |
| Savings Accounts | $300,000,000 |
| Time Deposits | $300,000,000 |
Branch Network and Customer Service
As of 2023, TCBS operates:
- 15 branches across Texas
- Online banking services with over 50,000 active users
- A customer satisfaction rating of 92% based on the latest survey
Regulatory Environment
TCBS is subject to regulation by:
- The Federal Reserve
- The Texas Department of Banking
- The FDIC
As a regulated entity, TCBS must comply with capital requirements, including a minimum tier 1 capital ratio of 4% and a total capital ratio of 8%.
Recent Developments
TCBS has recently introduced new products, including:
- Mobile banking enhancements in 2023
- A new first-time homebuyer loan program
- Increased digital payment options for customers
Future Growth and Strategy
TCBS is focused on:
- Expanding its branch network by 10% over the next two years
- Increasing market share in the Texas region
- Enhancing digital banking capabilities
| Strategic Initiative | Target Timeline |
|---|---|
| Branch Expansion | 2024 |
| Digital Banking Improvements | 2023 |
| New Loan Products | 2023 |
How Texas Community Bancshares, Inc. (TCBS) Makes Money
Interest Income
Texas Community Bancshares, Inc. generates a significant portion of its revenue through interest income from loans and securities. As of the latest financial reports from 2023, TCBS reported interest income of $14.5 million, primarily derived from:
- Commercial loans
- Residential mortgages
- Consumer loans
The interest rates on these loans vary, with an average rate of:
- Commercial loans: 4.3%
- Residential mortgages: 3.9%
- Consumer loans: 5.1%
| Loan Type | Total Amount ($ million) | Average Interest Rate (%) |
|---|---|---|
| Commercial Loans | 75 | 4.3 |
| Residential Mortgages | 50 | 3.9 |
| Consumer Loans | 30 | 5.1 |
Non-Interest Income
In addition to interest income, TCBS also generates revenue from non-interest income, which totaled $3.2 million for the year. This includes:
- Service fees on deposit accounts
- Wealth management services
- Mortgage origination fees
The breakdown of non-interest income sources is as follows:
| Source | Amount ($ million) |
|---|---|
| Service Fees | 1.5 |
| Wealth Management | 1.0 |
| Mortgage Origination | 0.7 |
Net Interest Margin
The net interest margin (NIM) is a critical indicator of the profitability of TCBS's core lending activities. For 2023, TCBS reported a NIM of 3.8%, calculated based on:
- Total Interest Income: $14.5 million
- Total Interest Expense: $3.2 million
| Item | Amount ($ million) |
|---|---|
| Total Interest Income | 14.5 |
| Total Interest Expense | 3.2 |
| Net Interest Income | 11.3 |
Cost Management
Cost management plays a vital role in TCBS's profitability. The operating expenses for 2023 were reported at $8.5 million, including:
- Salaries and employee benefits
- Occupancy expenses
- Technology and equipment expenses
| Expense Category | Amount ($ million) |
|---|---|
| Salaries and Benefits | 5.0 |
| Occupancy | 2.0 |
| Technology | 1.5 |
Investment Portfolio
TCBS's investment portfolio also contributes to its revenue. As of 2023, the market value of the investment portfolio amounted to $45 million, with an average yield of 3.5%. The composition of the portfolio is as follows:
- U.S. Treasury Securities
- Municipal Bonds
- Corporate Bonds
| Investment Type | Market Value ($ million) | Yield (%) |
|---|---|---|
| U.S. Treasury Securities | 20 | 3.0 |
| Municipal Bonds | 15 | 4.0 |
| Corporate Bonds | 10 | 3.8 |
Loan Growth Strategy
TCBS implements a strategic loan growth approach to enhance profitability. The company aims to increase its loan portfolio by an annual growth rate of 7%. In 2023, TCBS recorded a net increase in loans of:
- $10 million in commercial loans
- $8 million in residential mortgages
- $5 million in consumer loans
| Loan Type | Increase ($ million) |
|---|---|
| Commercial Loans | 10 |
| Residential Mortgages | 8 |
| Consumer Loans | 5 |
Conclusion
Texas Community Bancshares, Inc. effectively leverages its interest income, non-interest income, cost management, investment portfolio, and loan growth strategies to generate revenue and sustain profitability.
Texas Community Bancshares, Inc. (TCBS) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support