3 unchanged sentences
Consolidated Statements of Financial Condition
−Removed: June 30, 2025 and December 31, 2024
+Added: September 30, 2025 and December 31, 2024
(Amounts in thousands, except share and per share data)
+Added: September 30,
Cash and due from banks
3 unchanged sentences
Securities available for sale
−Removed: Securities held to maturity (fair values of $ 18,313 at June 30, 2025 and $ 19,531 at December 31, 2024)
−Removed: Loans receivable, net of allowance for credit losses of $ 3,227 at June 30, 2025 and $ 3,222 at December 31, 2024
+Added: Securities held to maturity (fair values of $ 17,359 at September 30, 2025 and $ 19,531 at December 31, 2024)
+Added: Loans receivable, net of allowance for credit losses of $ 3,247 at September 30, 2025 and $ 3,222 at December 31, 2024
Net investment in direct financing leases
16 unchanged sentences
Preferred stock, $ 0.01 par value, 1,000,000 shares authorized, none issued and outstanding
−Removed: Common stock, $ 0.01 par value, 19,000,000 shares authorized, 3,366,516 issued and 2,999,743 outstanding at June 30, 2025 and 3,370,425 issued and 3,088,152 outstanding at December 31, 2024
+Added: Common stock, $ 0.01 par value, 19,000,000 shares authorized, 3,366,516 issued and 2,937,743 outstanding at September 30, 2025 and 3,370,425 issued and 3,088,152 outstanding at December 31, 2024
Additional paid in capital
2 unchanged sentences
Unearned Employee Stock Ownership Program (ESOP) shares, at cost
−Removed: Treasury stock, at cost ( 366,773 shares at June 30, 2025 and 282,273 shares at December 31, 2024)
+Added: Treasury stock, at cost ( 428,773 shares at September 30, 2025 and 282,273 shares at December 31, 2024)
Total shareholders' equity
3 unchanged sentences
Consolidated Statements of Operations (Unaudited)
−Removed: Three and Six Months Ended June 30, 2025 and 2024
+Added: Three and Nine Months Ended September 30, 2025 and 2024
(Amounts in thousands, except share and per share data)
Three Months Ended
−Removed: Six Months Ended
+Added: Nine Months Ended
+Added: September 30,
+Added: September 30,
Interest Income
10 unchanged sentences
Net Interest Income
−Removed: Provision (Credit) for Credit Losses - loans
+Added: Provision for Credit Losses - loans
Provision (Credit) for Credit Losses - off-balance sheet credit exposures
−Removed: Provision (Credit) for Credit Losses
−Removed: Net Interest Income After Provision (Credit) for Credit Losses
+Added: Provision for Credit Losses
+Added: Net Interest Income After Provision for Credit Losses
Noninterest Income
1 unchanged sentence
Other service charges and fees
+Added: Net loss on securities transactions
Net loss on sale of loans
−Removed: Net loss on sale of other real estate owned
−Removed: Net loss on sale of premises and equipment
+Added: Net (loss) gain on sale of other real estate owned
+Added: Fair value adjustments to other real estate owned
+Added: Net loss on premises and equipment
Net appreciation on bank-owned life insurance
21 unchanged sentences
Consolidated Statements of Comprehensive Income (Loss) (Unaudited)
−Removed: Three and Six Months Ended June 30, 2025 and 2024
+Added: Three and Nine Months Ended September 30, 2025 and 2024
(Amounts in thousands, except share and per share data)
Three Months Ended
−Removed: Six Months Ended
+Added: Nine Months Ended
+Added: September 30,
+Added: September 30,
Net Income (Loss)
−Removed: Other items of comprehensive income (loss)
+Added: Other items of comprehensive income
Debt Securities
Net changes in fair value of available for sale securities, before tax
+Added: Reclassification adjustment for realized loss on sale of investment securities included in net income (loss), before tax
Net changes in fair value of available for sale securities hedged, before tax
7 unchanged sentences
Consolidated Statements of Shareholders’ Equity (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share and per share data)
1 unchanged sentence
Shareholders'
−Removed: Three Months Ended June 30, 2025 and 2024
−Removed: Balance at April 1, 2025
+Added: Three Months Ended September 30, 2025 and 2024
+Added: Balance at July 1, 2025
Stock based compensation expense
3 unchanged sentences
Treasury stock purchased, 62,000 shares
−Removed: Balance at June 30, 2025
−Removed: Balance at April 1, 2024
+Added: Balance at September 30, 2025
+Added: Balance at July 1, 2024
Stock based compensation expense
3 unchanged sentences
Treasury stock purchased, 29,331 shares
−Removed: Balance at June 30, 2024
+Added: Balance at September 30, 2024
Comprehensive
Shareholders'
−Removed: Six Months Ended June 30, 2025 and 2024
+Added: Nine Months Ended September 30, 2025 and 2024
Balance at January 1, 2025
4 unchanged sentences
Treasury stock purchased, 146,500 shares
−Removed: Balance at June 30, 2025
+Added: Balance at September 30, 2025
Balance at January 1, 2024
4 unchanged sentences
Treasury stock purchased, 69,931 shares
−Removed: Balance at June 30, 2024
+Added: Balance at September 30, 2024
See Notes to Consolidated Financial Statements
2 unchanged sentences
Consolidated Statements of Cash Flows (Unaudited)
−Removed: Six months ended June 30, 2025 and 2024
+Added: Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share and per share data)
−Removed: Six Months Ended
+Added: Nine Months Ended
+Added: September 30,
Operating Activities
1 unchanged sentence
Adjustments to reconcile net income (loss) to net cash from operating activities
−Removed: Provision (credit) for credit losses - loans
+Added: Provision for credit losses - loans
Provision (credit) for credit losses - off-balance sheet credit exposures
1 unchanged sentence
Depreciation and amortization
+Added: Net realized loss on sales of securities available for sale
Net unrealized gain on discontinued financial derivative
6 unchanged sentences
Loss (gain) on sale other real estate owned
−Removed: Write-down of other real estate owned
+Added: Fair value adjustment on other real estate owned
Stock-based compensation
4 unchanged sentences
Accrued expenses and other liabilities
−Removed: Net Cash (used for) from Operating Activities
+Added: Net Cash from Operating Activities
Investing Activities
11 unchanged sentences
Additions of premises and equipment
−Removed: Net Cash used for Investing Activities
+Added: Net Cash from Investing Activities
Financing Activities
−Removed: Net increase in deposits
+Added: Net (decrease) increase in deposits
+Added: Advances from FHLB and other borrowings
Payments on FHLB and other borrowings
1 unchanged sentence
Purchases of treasury stock
−Removed: Net Cash from Financing Activities
+Added: Net Cash used for Financing Activities
Net Change in Cash and Cash Equivalents
5 unchanged sentences
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
9 unchanged sentences
Interim Financial Statements
−Removed: The interim unaudited consolidated financial statements as of June 30, 2025, and for the three and six months ended June 30, 2025 and 2024, are unaudited and reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented.
+Added: The interim unaudited consolidated financial statements as of September 30, 2025, and for the three and nine months ended September 30, 2025 and 2024, are unaudited and reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented.
Such adjustments are the only adjustments contained in these unaudited consolidated financial statements.
These unaudited consolidated financial statements have been prepared according to the rules and regulations of the Securities and Exchange Commission, and therefore certain information and note disclosures normally included in the consolidated financial statements prepared in accordance with GAAP have been omitted.
−Removed: The results of operations for the three and six months ended June 30, 2025 are not necessarily indicative of the results to be achieved for the year ending December 31, 2025, or any other period.
+Added: The results of operations for the three and nine months ended September 30, 2025 are not necessarily indicative of the results to be achieved for the year ending December 31, 2025, or any other period.
Certain prior period data presented in the consolidated financial statements has been revised to conform with the current period presentation.
11 unchanged sentences
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
4 unchanged sentences
Three Months Ended
−Removed: Six Months Ended
+Added: Nine Months Ended
+Added: September 30,
+Added: September 30,
Net Income (Loss)
7 unchanged sentences
Dilutive earnings (loss) per share
−Removed: Nonvested restricted stock awards for 21,493 and 71,401 shares of common stock were not considered in computing diluted earnings per share for 2025 and 2024, respectively, because they were antidilutive.
−Removed: Stock options for 145,099 and 225,430 shares of common stock were not considered in computing diluted earnings per share for 2025 and 2024, because they were nonvested.
−Removed: Stock options for 35,838 and 46,258 shares of common stock have vested, however, were not considered in computing diluted earnings per share for 2025 and 2024, because they were antidilutive.
+Added: Nonvested restricted stock awards for 14,332 and 64,888 shares of common stock were not considered in computing diluted earnings per share for the nine months ended September 30, 2025 and 2024, respectively, because they were antidilutive.
+Added: Nonvested restricted stock awards for 64,888 shares of common stock were not considered in computing diluted earnings per share for the three months ended September 30, 2024.
+Added: There were no antidilutive restricted stock awards for the three months ended September 30, 2025.
+Added: Stock options for 48,859 and 64,176 shares of common stock have vested, however, were not considered in computing diluted earnings per share for the nine months ended September 30, 2025 and 2024, because they were antidilutive.
+Added: Stock options for 64,176 shares of common stock have vested, however, were not considered in computing diluted earnings per share for the three months ended September 30, 2024, because they were antidilutive.
+Added: There were no antidilutive stock options for the three months ended September 30, 2025.
Texas Community Bancshares, Inc.
1 unchanged sentence
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
1 unchanged sentence
The amortized cost and fair value of securities, with gross unrealized gains and losses, follows:
−Removed: June 30, 2025
+Added: September 30, 2025
Available for Sale
25 unchanged sentences
Total securities held to maturity
−Removed: During the three and six months ended June 30, 2025 and 2024, the Company had no sales of available for sale securities or held to maturity securities.
−Removed: At June 30, 2025 and December 31, 2024, securities with a fair value of $ 18,069 and $ 17,862 , respectively, were pledged to secure public deposits and for other purposes required or permitted by law.
+Added: During the three and nine months ended September 30, 2025, the Company had no sales of available for sale securities or held to maturity securities.
+Added: During the three and nine months ended September 30, 2024, the Company had sales of available for sale securities with an amortized cost basis of $ 5,500 with a loss of $ 1 and no sales of held to maturity securities.
+Added: At September 30, 2025 and December 31, 2024, securities with a fair value of $ 17,467 and $ 17,862 , respectively, were pledged to secure public deposits and for other purposes required or permitted by law.
Texas Community Bancshares, Inc.
1 unchanged sentence
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
−Removed: The amortized cost and fair value of debt securities by contractual maturity at June 30, 2025, follows:
+Added: The amortized cost and fair value of debt securities by contractual maturity at September 30, 2025, follows:
Available for Sale
7 unchanged sentences
The following table shows the gross unrealized losses and fair value of the Company’s investments with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:
−Removed: June 30, 2025
+Added: September 30, 2025
Less than 12 months
5 unchanged sentences
Corporate bonds (2,13)
+Added: Government and agency (1,0)
December 31, 2024
6 unchanged sentences
Corporate bonds (2,12)
−Removed: At June 30, 2025 and December 31, 2024, the Company had investment securities with approximately $ 7,073 and $ 8,773 , respectively, in unrealized losses, which have been in continuous loss positions for more than twelve months.
+Added: At September 30, 2025 and December 31, 2024, the Company had investment securities with approximately $ 6,161 and $ 8,773 , respectively, in unrealized losses, which have been in continuous loss positions for more than twelve months.
The Company’s assessments indicated that the cause of the unrealized losses was primarily the change in market interest rates and not the issuers’ financial condition or downgrades by rating agencies.
The Company has the ability and intent to hold such securities until maturity.
−Removed: The Company monitors credit quality of debt securities held-to-maturity through the use of nationally recognized
Texas Community Bancshares, Inc.
1 unchanged sentence
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
−Removed: credit ratings.
+Added: The Company monitors credit quality of debt securities held-to-maturity through the use of nationally recognized credit ratings.
The Company monitors credit ratings on a continual basis.
−Removed: The following table summarizes bond ratings for the Company’s held-to-maturity portfolio, based upon amortized cost, issued by state and political subdivisions and other securities as of June 30, 2025 and December 31, 2024:
−Removed: June 30, 2025
+Added: The following table summarizes bond ratings for the Company’s held-to-maturity portfolio, based upon amortized cost, issued by state and political subdivisions and other securities as of September 30, 2025 and December 31, 2024:
+Added: September 30, 2025
mortgage-backed
3 unchanged sentences
U.S Government
−Removed: As of June 30, 2025 and December 31, 2024, there were no securities held to maturity on nonaccrual status or past due status.
+Added: As of September 30, 2025 and December 31, 2024, there were no securities held to maturity on nonaccrual status or past due status.
Mortgage-backed Securities and Collateralized Mortgage Obligations
−Removed: The unrealized losses on the Company’s investments in mortgage-backed securities and collateralized mortgage obligations were caused by market interest rate increases and changes in prepayment speeds.
−Removed: The Company purchased these investments at a premium or discount relative to its face amount, and the contractual cash flows of these investments are guaranteed by an agency of the U.S.
−Removed: Accordingly, it is expected that the securities would not be settled at a price less than the amortized cost basis of the Company’s investments.
−Removed: Because the decline in fair value is attributable to changes in market interest rates and prepayment speeds and not credit quality, and because the Company does not intend to sell the investments before recovery of their amortized cost basis, which may be maturity.
−Removed: The unrealized losses on the Company’s investment in mortgage-backed securities have not been recognized into income and no allowance for credit losses was established at June 30, 2025 or December 31, 2024.
+Added: The unrealized losses on the Company’s investments in mortgage-backed securities and collateralized mortgage obligations were caused by market interest rate increases and changes in prepayment speeds and not credit quality.
+Added: It is expected that the securities would not be settled at a price less than the amortized cost basis of the Company’s investments because the Company does not intend to sell the investments before recovery of their amortized cost basis, which may be maturity.
+Added: The unrealized losses on the Company’s investment in mortgage-backed securities have not been recognized into income and no allowance for credit losses was established at September 30, 2025 or December 31, 2024.
Government and Agency Securities
3 unchanged sentences
Accordingly, it is expected that the securities would not be settled at a price less than the amortized cost basis of the Company’s investments.
−Removed: Therefore, an allowance for credit losses is deemed unnecessary at June 30, 2025 and December 31, 2024.
+Added: Therefore, an allowance for credit losses is deemed unnecessary at September 30, 2025 and December 31, 2024.
Texas Community Bancshares, Inc.
1 unchanged sentence
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
3 unchanged sentences
Accordingly, it is expected that the securities would not be settled at a price less than the amortized cost basis of the Company’s investments.
−Removed: Therefore, an allowance for credit losses is deemed unnecessary at June 30, 2025 and December 31, 2024.
+Added: Therefore, an allowance for credit losses is deemed unnecessary at September 30, 2025 and December 31, 2024.
Note 4 - Loans and Allowance for Credit Losses
A summary of the balances of loans and leases follows:
+Added: September 30,
Construction and land
6 unchanged sentences
Loans and leases, net
−Removed: Direct financing leases of $ 1,105 and $ 1,292 are included in consumer and other loans at June 30, 2025 and December 31, 2024, respectively.
+Added: Direct financing leases of $ 1,228 and $ 1,292 are included in consumer and other loans at September 30, 2025 and December 31, 2024, respectively.
Texas Community Bancshares, Inc.
1 unchanged sentence
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
−Removed: The following tables set forth information regarding the activity in the allowance for credit losses for the three and six months ended June30, 2025 and June 30, 2024:
−Removed: June 30, 2025
+Added: The following tables set forth information regarding the activity in the allowance for credit losses for the three and nine months ended September 30, 2025 and September 30, 2024:
+Added: September 30, 2025
Allowance for credit losses:
3 unchanged sentences
Three months ended
−Removed: Beginning balance, April 1, 2025
+Added: Beginning balance, July 1, 2025
Provision (credit) for credit losses
Loans charged-off
−Removed: Balance, June 30, 2025
−Removed: Six months ended
+Added: Balance, September 30, 2025
+Added: Nine months ended
Balance, January 1, 2025
1 unchanged sentence
Loans charged-off
−Removed: Balance, June 30, 2025
−Removed: June 30, 2024
+Added: Balance, September 30, 2025
+Added: September 30, 2024
Allowance for credit losses:
3 unchanged sentences
Three months ended
−Removed: Beginning balance, April 1, 2024
+Added: Beginning balance, July 1, 2024
Provision for credit losses
Loans charged-off
−Removed: Balance, June 30, 2024
−Removed: Six months ended
+Added: Balance, September 30, 2024
+Added: Nine months ended
Balance, January 1, 2024
1 unchanged sentence
Loans charged-off
−Removed: Balance, June 30, 2024
−Removed: The following table presents the amortized cost basis of loans on nonaccrual status and loans past due over 90 days and still accruing as of June 30, 2025 and December 31, 2024:
−Removed: June 30, 2025
+Added: Balance, September 30, 2024
+Added: The following table presents the amortized cost basis of loans on nonaccrual status and loans past due over 90 days and still accruing as of September 30, 2025 and December 31, 2024:
+Added: September 30, 2025
with Allowance
8 unchanged sentences
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
7 unchanged sentences
Consumer and other
−Removed: The Company did no t recognize any interest income on nonaccrual loans during the three and six months ended June 30, 2025 or June 30, 2024.
−Removed: The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of June 30, 2025 and December 31, 2024:
−Removed: June 30, 2025
−Removed: Construction and land
+Added: The Company did no t recognize any interest income on nonaccrual loans during the three and nine months ended September 30, 2025 or September 30, 2024.
+Added: The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of September 30, 2025 and December 31, 2024:
+Added: September 30, 2025
1-4 Residential & multi-family
Commercial real estate
+Added: Consumer and other
December 31, 2024
5 unchanged sentences
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
−Removed: The Company had $ 10,775 and $ 2,260 in collateral-dependent loans at June 30, 2025 and December 31, 2024, respectively.
+Added: The Company had $ 2,323 and $ 2,260 in collateral-dependent loans at September 30, 2025 and December 31, 2024, respectively.
Internal Risk Categories
25 unchanged sentences
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
8 unchanged sentences
The Company evaluates the loan risk grading system definitions and allowance for credit loss methodology on an ongoing basis.
−Removed: No significant changes in methodology were made during the six months ended June 30, 2025.
+Added: No significant changes in methodology were made during the nine months ended September 30, 2025.
Texas Community Bancshares, Inc.
1 unchanged sentence
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
−Removed: Based on the most recent analysis performed, the risk category of loans by class of loans and gross chargeoffs as of June 30, 2025 and December 31, 2024 are as follows:
−Removed: June 30, 2025
+Added: Based on the most recent analysis performed, the risk category of loans by class of loans and gross chargeoffs as of September 30, 2025 and December 31, 2024 are as follows:
+Added: September 30, 2025
Term Loans Amortized Cost Basis by Origination Year
1 unchanged sentence
Special mention
+Added: Current period gross charge-offs
Special mention
14 unchanged sentences
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
20 unchanged sentences
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
1 unchanged sentence
The Company also evaluates credit quality based on the aging status of the loan.
−Removed: The following is an aging analysis for loans as of June 30, 2025 and December 31, 2024:
−Removed: June 30, 2025
+Added: The following is an aging analysis for loans as of September 30, 2025 and December 31, 2024:
+Added: September 30, 2025
Construction and land
12 unchanged sentences
Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
−Removed: No interest income was recognized for loans on nonaccrual status for the three and six months ended June 30, 2025 and 2024.
−Removed: The following table presents interest income recognized on loans that are collateral-dependent and individually reviewed for the three and six months ended June 30, 2025 and 2024:
+Added: No interest income was recognized for loans on nonaccrual status for the three and nine months ended September 30, 2025 and 2024.
+Added: The following table presents interest income recognized on loans that are collateral-dependent and individually reviewed for the three and nine months ended September 30, 2025 and 2024:
Three Months Ended
−Removed: Six Months Ended
+Added: Nine Months Ended
+Added: September 30,
+Added: September 30,
1-4 Residential & multi-family
2 unchanged sentences
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
−Removed: During the three and six months ended June 30, 2025 and 2024, there were no modifications of loans to borrowers in financial difficulty.
−Removed: There have been no modifications to borrowers with financial difficulty in the three and six months ended June30, 2025 and 2024, that subsequently defaulted.
+Added: During the three and nine months ended September 30, 2025 and 2024, there were no modifications of loans to borrowers in financial difficulty.
+Added: There have been no modifications to borrowers with financial difficulty in the three and nine months ended September 30, 2025 and 2024, that subsequently defaulted.
The Company has no commitments to loan additional funds to borrowers whose loans have been modified but may on occasion extend financing to these borrowers.
5 unchanged sentences
The Company follows the same credit policies in making commitments as it does for on-balance sheet instruments.
−Removed: At June 30, 2025 and December 31, 2024, the following financial instruments were outstanding whose contract amounts represent credit risk:
+Added: At September 30, 2025 and December 31, 2024, the following financial instruments were outstanding whose contract amounts represent credit risk:
Contract Amount
−Removed: June 30, 2025
+Added: September 30, 2025
December 31, 2024
10 unchanged sentences
One line renews annually and the other line is in effect until either party changes the terms of the agreement.
−Removed: At June 30, 2025, the Company had no commitments to purchase securities.
+Added: At September 30, 2025, the Company had no commitments to purchase securities.
The Company has no other off-balance sheet arrangements or transactions with unconsolidated, special purpose entities that would expose the Company to liability that is not reflected on the face of the consolidated financial statements.
2 unchanged sentences
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
1 unchanged sentence
Supplemental disclosure of cash flow information is as follows:
−Removed: Six Months Ended
+Added: Nine Months Ended
+Added: September 30,
Supplemental cash flow information:
15 unchanged sentences
The Bank has opted into the Community Bank Leverage Ratio (CBLR) framework, beginning with the Call Report filed for the first quarter of 2020.
−Removed: At June 30, 2025 and December 31, 2024, the Bank’s CBLR ratio was 11.32 % and 10.84 %, respectively, which exceeded all regulatory capital requirements under the CBLR framework, and the Bank was considered to be “well-capitalized.”
+Added: At September 30, 2025 and December 31, 2024, the Bank’s CBLR ratio was 11.53 % and 10.84 %, respectively, which exceeded all regulatory capital requirements under the CBLR framework, and the Bank was considered to be “well-capitalized.”
Under the CBLR framework, banks and their bank holding companies that have less than $10 billion in total consolidated assets and meet other qualifying criteria, including a leverage ratio (equal to tier 1 capital divided by average total consolidated assets) of greater than 9%, are eligible to opt into the CBLR framework.
8 unchanged sentences
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
21 unchanged sentences
A description of the valuation methodologies used for assets measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below.
−Removed: There were no changes in
+Added: There were no changes in valuation techniques during either the three and nine months ended September 30, 2025 or the year ended December
Texas Community Bancshares, Inc.
1 unchanged sentence
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
−Removed: valuation techniques during either the three and six months ended June 30, 2025 or the year ended December 31, 2024.
+Added: However, the allowable range of significant unobservable inputs for collateral-dependent loans and other real estate owned was changed to 5 % - 25 % from 10 % - 25 % at September 30, 2025.
+Added: This change was primarily due to a higher number of larger loans in the portfolio.
In general, fair value is based upon quoted market prices, where available.
12 unchanged sentences
Such discounts are typically significant and result in Level 3 classification of inputs for determining fair value.
−Removed: Other real estate owned is
+Added: Other real estate owned is reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the same or similar factors above.
Texas Community Bancshares, Inc.
1 unchanged sentence
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
−Removed: reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the same or similar factors above.
−Removed: The following table summarizes financial assets measured at fair value on a recurring basis as of June 30, 2025 and December 31, 2024, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:
−Removed: June 30, 2025
+Added: The following table summarizes financial assets measured at fair value on a recurring basis as of September 30, 2025 and December 31, 2024, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:
+Added: September 30, 2025
Financial assets
19 unchanged sentences
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
−Removed: The following table summarizes financial and non-financial assets measured at fair value on a nonrecurring basis as of June 30, 2025 and December 31, 2024, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:
−Removed: June 30, 2025
+Added: The following table summarizes financial and non-financial assets measured at fair value on a nonrecurring basis as of September 30, 2025 and December 31, 2024, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:
+Added: September 30, 2025
Financial assets
7 unchanged sentences
Other real estate owned
−Removed: During the three and six months ended June 30, 2025 and 2024, certain collateral-dependent loans were remeasured and reported at fair value through a specific allocation of the allowance for credit losses based upon the fair value of the underlying collateral.
−Removed: At June 30, 2025, collateral-dependent loans with a carrying value of $ 1,030 were reduced by specific valuation allowance allocations totaling $ 279 to a reported fair value of $ 751 .
−Removed: At December 31, 2024, collateral dependent loans with a carrying value of $ 1,140 were reduced by specific valuation allowance allocations totaling $ 279 to a reported fair value of $ 861 .
+Added: During the three and nine months ended September 30, 2025 and 2024, certain collateral-dependent loans were remeasured and reported at fair value through a specific allocation of the allowance for credit losses based upon the fair value of the underlying collateral.
The fair value of collateral dependent loans is determined based on collateral valuations utilizing Level 3 valuation inputs.
−Removed: There was a charge of $ 3 to the provision for credit losses for the six months ended June 30, 2025.
−Removed: There was a charge to the provision for credit losses of $ 16 as a result of valuation allowances moving from the general reserve to the specific reserve for the six months ended June 30, 2024.
−Removed: At June 30, 2025, the Company had other real estate owned consisting of two bank properties that were purchased for future expansion and that have been listed for sale.
−Removed: During the six months ended June 30, 2025, the Company had a $ 52 write-down of other real estate owned and sold other real estate owned at a loss of $ 2 .
−Removed: During the six months ended June 30, 2024, the Company had a $ 78 write-down of other real estate owned and sold other real estate owned at a gain of $ 37 .
−Removed: At December 31, 2024, the Company had other real estate owned consisting of two bank properties that were purchased for future expansion that have been listed for sale.
+Added: At September 30, 2025, collateral-dependent loans with a carrying value of $ 990 were reduced by specific valuation allowance allocations totaling $ 288 to a reported fair value of $ 702 .
+Added: At December 31, 2024, collateral dependent loans with a carrying value of $ 1,140 were reduced by specific valuation allowance allocations totaling $ 279 to a reported fair value of $ 861 .
+Added: At September 30, 2025, the Company had other real estate owned consisting of one small bank property that was purchased for future expansion, one multi-family property acquired through foreclosure and two land development projects belonging to one customer that were transferred through deeds in lieu of foreclosure.
+Added: The reported fair value includes a deduction for estimated costs to sell and all properties are currently listed for sale.
+Added: At December 31, 2024, the Company had other real estate owned consisting of two bank properties that were purchased for future expansion but then listed for sale.
+Added: The estimated fair value amounts of other real estate owned have been determined by the Company using available market information and appropriate valuation methodologies.
+Added: However, considerable judgment is required to interpret data to develop the estimates of fair value.
+Added: Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize in a current market exchange.
+Added: The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.
Texas Community Bancshares, Inc.
1 unchanged sentence
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
3 unchanged sentences
Significant Input
−Removed: June 30, 2025
+Added: September 30, 2025
Collateral-dependent loans
18 unchanged sentences
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
The estimated fair values, and related carrying amounts, of the Company’s financial instruments are as follows:
−Removed: June 30, 2025
+Added: September 30, 2025
Carrying Value
31 unchanged sentences
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
22 unchanged sentences
Dividends on unallocated ESOP shares, if any, are recorded as a reduction of debt and accrued interest.
−Removed: ESOP compensation was $ 58 and $ 110 for the three and six months ended June 30, 2025 and $ 47 and $ 93 for the three and six months ended June 30, 2024.
+Added: ESOP compensation was $ 56 and $ 166 for the three and nine months ended September 30, 2025 and $ 46 and $ 139 for the three and nine months ended September 30, 2024.
Texas Community Bancshares, Inc.
1 unchanged sentence
Notes to Consolidated Financial Statements (Unaudited)
−Removed: Three and Six months ended June 30, 2025 and 2024
+Added: Three and Nine months ended September 30, 2025 and 2024
(Amounts in thousands, except share, per share data, and percentages)
−Removed: A summary of the ESOP shares as of June 30, 2025 and December 31, 2024 are as follows:
−Removed: June 30, 2025
+Added: A summary of the ESOP shares as of September 30, 2025 and December 31, 2024 are as follows:
+Added: September 30, 2025
December 31, 2024
4 unchanged sentences
Fair value of unreleased shares
−Removed: Note 10 – Subsequent Events
−Removed: On August 5, 2025, the Company foreclosed on a property that had been placed on nonaccrual status during the three months ended June 30, 2025.
−Removed: The loan’s principal balance approximates $ 6.2 million.
−Removed: Based on current information, we do not expect to incur a loss.
−Removed: A new appraisal has been ordered, and the property will be reclassified as other real estate owned.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.