7 unchanged sentences
We have audited the accompanying consolidated statements of financial condition of Texas Community Bancshares, Inc.
−Removed: and Subsidiaries (Company) as of December 31, 2024 and 2023, the related consolidated statements of operations, comprehensive income (loss), shareholders' equity, and cash flows for each of the years in the two-year period ended December 31, 2024, and the related notes (collectively referred to as the financial statements).
+Added: (the “Company”) as of December 31, 2025 and 2024, the related consolidated statements of operations, comprehensive income (loss), shareholders’ equity, and cash flows for each of the years in the two-year period ended December 31, 2025, and the related notes (collectively referred to as the “financial statements”).
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for each of the years in the two-year period ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.
13 unchanged sentences
We believe that our audits provide a reasonable basis for our opinion.
−Removed: /s/ Forvis Mazars , LLP
We have served as the Company’s auditor since 2020.
+Added: /s/ Forvis Mazars , LLP
Houston, Texas
10 unchanged sentences
Securities available for sale
−Removed: Securities held to maturity (fair values of $ 19,531 at December 31, 2024 and $ 23,400 at December 31, 2023)
+Added: Securities held to maturity, net of allowance for credit losses of $ 0 (fair values of $ 16,744 at December 31, 2025 and $ 19,531 at December 31, 2024)
Loans receivable, net of allowance for credit losses of $ 3,440 at December 31, 2025 and $ 3,222 at December 31, 2024
49 unchanged sentences
Other service charges and fees
−Removed: Net gain (loss) on securities transactions
+Added: Net gain on securities transactions
Net loss on sale of loans
Net (loss) gain on sale of other real estate owned
−Removed: Net loss on sale of premises and equipment
+Added: Fair value adjustments to other real estate owned
+Added: Net loss on premises and equipment
Net appreciation on bank-owned life insurance
+Added: Gain on other investment
Total noninterest income (loss)
8 unchanged sentences
Total noninterest expense
−Removed: Loss Before Income Taxes
−Removed: Income Tax Benefit
−Removed: Loss per share - basic
−Removed: Loss per share - diluted
+Added: Income (Loss) Before Income Taxes
+Added: Income Tax Expense (Benefit)
+Added: Net Income (Loss)
+Added: Earnings (Loss) per share - basic
+Added: Earnings (Loss) per share - diluted
Weighted-average shares outstanding - basic
6 unchanged sentences
(Amounts in thousands, except for share and per share data)
−Removed: Other items of comprehensive income (loss)
+Added: Net Income (Loss)
+Added: Other items of comprehensive income
Debt Securities
Net changes in fair value of available for sale securities, before tax
−Removed: Reclassification adjustment for realized (gain) loss on sale of investment securities included in net loss, before tax
+Added: Reclassification adjustment for realized gain 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
−Removed: Total other items of comprehensive income (loss), before tax
−Removed: Income tax benefit related to other items of comprehensive income (loss)
+Added: Total other items of comprehensive income, before tax
+Added: Income tax expense related to other items of comprehensive income
Total other items of comprehensive income (loss), after tax
−Removed: Comprehensive (Loss) Income
+Added: Comprehensive Income (Loss)
See Notes to Consolidated Financial Statements
6 unchanged sentences
Shareholders'
−Removed: Year Ended December 31, 2024 and 2023
Balance at January 1, 2025
6 unchanged sentences
Balance at January 1, 2024
−Removed: Cumulative change in accounting principle (adoption of ASC 326)
−Removed: Balance at January 1, 2023 (as adjusted for change in accounting principle)
Stock based compensation expense
−Removed: Issuance of restricted stock awards
Other comprehensive income, net of tax
−Removed: Cash dividend declared (at an average of $ 0.03 per share)
+Added: Cash dividend declared ($ 0.16 per share)
ESOP shares committed to be released, 15,862 shares
8 unchanged sentences
Operating Activities
−Removed: Adjustments to reconcile net loss to net cash from operating activities
−Removed: Provision (credit) for credit losses - loans
+Added: Net income (loss)
+Added: Adjustments to reconcile net income (loss) to net cash from operating activities
+Added: Provision for credit losses - loans
Provision (credit) for credit losses - off-balance sheet credit exposures
−Removed: Net amortization (accretion) of securities
+Added: Net (accretion) amortization of securities
Depreciation and amortization
−Removed: Net realized (gain) loss on sales of securities available for sale
+Added: Net realized gain on sales of securities available for sale
+Added: Net unrealized gain on discontinued financial derivative
Stock dividends on restricted investments
+Added: Net increase on other investment
Loss on sale of loans
2 unchanged sentences
ESOP compensation expense for allocated shares
−Removed: Loss (gain) on other real estate owned
+Added: Loss (gain) on sale other real estate owned
+Added: Fair value adjustment on other real estate owned
Stock-based compensation
−Removed: Deferred income tax benefit
−Removed: (Gain) loss on fair value adjustment of fair value hedges
+Added: Deferred income tax expense (benefit)
+Added: Loss on fair value adjustment of fair value hedges
Net change in
8 unchanged sentences
Maturities, prepayments and calls
−Removed: Purchases of restricted investments
+Added: Redemptions of restricted investments
+Added: Purchases of other investment
Loan originations and principal collections, net
−Removed: Net (increase) decrease in net investment in direct financing leases
+Added: Net decrease (increase) in net investment in direct financing leases
Proceeds from sale of loans, originally classified as loans held for investment
1 unchanged sentence
Additions of premises and equipment
−Removed: Net Cash from (used for) Investing Activities
+Added: Net Cash from Investing Activities
Financing Activities
−Removed: Net increase in deposits
+Added: Net (decrease) increase in deposits
Advances from FHLB and other borrowings
2 unchanged sentences
Purchases of treasury stock
−Removed: Net Cash from Financing Activities
+Added: Net Cash used for Financing Activities
Net Change in Cash and Cash Equivalents
26 unchanged sentences
Note 4 discusses the types of lending in which the Company engages.
−Removed: Approximately 93 % and 95 % of the loan balance at December 31, 2024 and 2023, is secured by real estate.
+Added: Approximately 91 % and 93 % of the loan balance at December 31, 2025 and 2024, respectively, is secured by real estate.
The Company does not have any other significant concentrations to any one industry or customer.
Recently Adopted Accounting Pronouncements
−Removed: In November 2023, the FASB issued ASU No.
−Removed: 2023-07, Segment Reporting (Topic 280):
−Removed: Improvements to Reportable Segment Disclosures (“ASU 2023-07”), which expands reportable segment disclosure requirements through enhanced disclosures about significant segment expenses.
−Removed: The amendments in this update introduce a new requirement to disclose significant segment expenses regulatory provided to the chief operating decision maker, extend certain annual disclosures to interim periods, clarify that single reportable segment entities must apply Topic 280 in its entirety, permit more than one measure of segment profit or loss to be reported under certain conditions and require disclosure of the title
+Added: In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740).
+Added: This update requires public business entities to annually disclose specific categories within the income tax rate reconciliation and provide additional information for reconciling items that meet a certain quantitative threshold.
+Added: Additionally, the amendments in this update require entities to disclose certain information about income taxes paid, income tax disaggregation, disclosures around unrecognized tax benefits, and the removal of disclosures related to temporary differences surrounding deferred tax liabilities to enhance the transparency and decision usefulness of income tax disclosures.
+Added: This update is effective for
Texas Community Bancshares, Inc.
3 unchanged sentences
(Amounts in thousands, except for share and per share data)
−Removed: and position of the chief operating decision maker.
+Added: fiscal years beginning after December 15, 2024, and early adoption is permitted.
+Added: The Company adopted this update prospectively as of January 1, 2025 (see Note 10).
+Added: Previously Adopted Accounting Pronouncements
+Added: In November 2023, the FASB issued ASU No.
+Added: 2023-07, Segment Reporting (Topic 280):
+Added: Improvements to Reportable Segment Disclosures (“ASU 2023-07”), which expands reportable segment disclosure requirements through enhanced disclosures about significant segment expenses.
+Added: The amendments in this update introduce a new requirement to disclose significant segment expenses regularly provided to the chief operating decision maker, extend certain annual disclosures to interim periods, clarify that single reportable segment entities must apply Topic 280 in its entirety, permit more than one measure of segment profit or loss to be reported under certain conditions and require disclosure of the title and position of the chief operating decision maker.
ASU 2023-07 is effective for public business entities for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted.
−Removed: The Company has evaluated the impact of adopting ASU 2023-07 and concluded the impact to be immaterial on its Consolidated Statement of Financial Condition, Consolidated Statement of Operations, or disclosures.
+Added: The Company has evaluated the impact of adopting ASU 2023-07 and concluded the impact to be immaterial on its consolidated financial position, results of operations, or disclosures.
See Note 1 for the corresponding segments disclosure.
−Removed: Previously Adopted Accounting Pronouncements
−Removed: The Company adopted Accounting Standards Update (“ASU”) 2016-13, Financial Instruments – Credit Losses (Topic 326):
−Removed: Measurement of Credit Losses on Financial Instruments (“ASC 326”), effective January 1, 2023.
−Removed: The guidance replaces the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology.
−Removed: The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities.
−Removed: It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credits, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor in accordance with Topic 842 on leases.
−Removed: ASC 326 requires enhanced disclosures related to the significant estimates and judgments used in estimating credit losses as well as the credit quality and underwriting standards of a company’s portfolio.
−Removed: In addition, ASC 326 made changes to the accounting for available-for-sale debt securities.
−Removed: One such change is to require credit losses to be presented as an allowance rather than as a write-down on available-for-sale debt securities management does not intend to sell or believes that it is more likely than not they will not be required to sell.
−Removed: The Company adopted ASC 326 using the modified retrospective method for loans and off-balance-sheet (“OBS”) credit exposures.
−Removed: Results for reporting periods beginning after January 1, 2023 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP.
−Removed: The Company recorded a one-time cumulative-effect adjustment to the allowance for credit losses of $ 1,025 which was recognized through an $ 810 adjustment to retained earnings, net of tax.
−Removed: This adjustment brought the beginning balance of the allowance for credit losses to $ 2,780 as of January 1, 2023.
−Removed: In addition, the Company recorded a $ 254 allowance on unfunded commitments which was recognized through a $ 200 adjustment to retained earnings, net of tax.
−Removed: The Company adopted ASC 326 using the prospective transition approach for financial assets purchased with credit deterioration (“PCD”) that were previously classified as purchased credit impaired (“PCI”) and accounted for under ASC 310-30.
−Removed: As of December 31, 2022, the Company did not hold any purchased loans with deteriorated credit quality.
−Removed: Therefore, the Company did not have any PCI loans upon adoption of ASC 326 as of January 1, 2023.
−Removed: The Company adopted ASC 326 using the prospective transition approach for debt securities for which other-than-temporary impairment had been recognized prior to January 1, 2023.
−Removed: As of December 31, 2022, the Company did not have any other-than-temporarily impaired investment securities.
−Removed: Therefore, upon adoption of ASC 326, the Company determined that an allowance for credit losses on available-for-sale securities was not deemed necessary.
−Removed: The following table illustrates the impact of the adoption of ASC 326:
+Added: Accounting Pronouncements Not Yet Adopted
+Added: In December 2025, the FASB issued Accounting Standards Update ("ASU") 2025-11, Interim Reporting (Topic 270):
+Added: Narrow-Scope Improvements , which amends ASC Topic 270 to improve the organization and navigability of interim reporting guidance and to clarify when the guidance applies.
+Added: The ASU compiles existing interim disclosure requirements from across the Codification into Topic 270 and introduces a disclosure principle requiring entities to disclose events that occur after the end of the most recent annual reporting period that have a material effect on the entity.
+Added: The amendments are not intended to change the fundamental nature of interim reporting or significantly expand or reduce existing interim disclosure requirements.
+Added: For public business entities, the amendments are effective for interim reporting periods within fiscal years beginning after December 15, 2027.
+Added: Early adoption is permitted.
+Added: The amendments may be applied prospectively or retrospectively.
+Added: The Company is currently evaluating the impact of this ASU on its interim financial statement disclosures and does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.
+Added: In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income— Expense Disaggregation Disclosures (Subtopic 220-40) , which requires public business entities to provide enhanced disclosures in the notes to the financial statements regarding the disaggregation of certain income statement expense captions into specified natural expense categories, including, but not limited to, employee compensation, depreciation, and amortization.
+Added: The ASU does not change the expense captions presented on the face of the income statement.
+Added: For public business entities, the amendments are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027.
+Added: Early adoption is permitted.
+Added: The Company is currently assessing the impact of this ASU on its financial statement disclosures and related reporting processes.
+Added: Adoption of this guidance is expected to primarily affect the Company’s disclosure requirements and is not expected to have a material impact on its consolidated financial statements.
+Added: Cash and Cash Equivalents
+Added: For purposes of the consolidated statements of cash flows, cash and cash equivalents include cash, balances due from banks and federal funds sold, all of which mature within ninety days.
Texas Community Bancshares, Inc.
3 unchanged sentences
(Amounts in thousands, except for share and per share data)
−Removed: Allowance for credit losses on loans
−Removed: Allowance for credit losses on OBS credit exposures (included in other liabilities)
−Removed: The Company adopted ASU 2022-02, Financial Instruments – Credit Losses (Topic 326):
−Removed: Troubled Debt Restructurings and Vintage Disclosures , effective January 1, 2023.
−Removed: The additional disclosures are included in Note 4 – Loans and Leases on a prospective basis and include loan modifications where the contractual payment terms of the borrower’s loan agreement were modified through a refinancing or restructuring.
−Removed: Modifications that do not impact the contractual payment terms, such as covenant waivers, insignificant payment deferrals, and any modifications made to loans carried at fair value are not included in the disclosures.
−Removed: The Company uses various indicators to identify borrowers in financial difficulty.
−Removed: Consumer loan borrowers that are delinquent and commercial loan borrowers that are rated substandard or worse are the primary criteria used to identify borrowers who are experiencing financial difficulty.
−Removed: If a borrower is current at the time of modification, the loan generally remains a performing loan as long as there is demonstrated performance prior to the modification, and payment in full under the modified terms is expected.
−Removed: Otherwise, the loan is placed on nonaccrual status and reported as nonperforming until there is sustained repayment performance for a reasonable period, which is generally at least six consecutive months.
−Removed: Cash and Cash Equivalents
−Removed: For purposes of the consolidated statements of cash flows, cash and cash equivalents include cash, balances due from banks and federal funds sold, all of which mature within ninety days.
Balances in transaction accounts at other financial institutions may exceed amounts covered by federal deposit insurance.
6 unchanged sentences
Debt securities not classified as held to maturity are classified as “available for sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss).
−Removed: Texas Community Bancshares, Inc.
−Removed: and Subsidiaries
−Removed: Notes to Consolidated Financial Statements
−Removed: December 31, 2024 and 2023
−Removed: (Amounts in thousands, except for share and per share data)
Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities.
15 unchanged sentences
The Company may request redemption at par value of any stock in excess of the amount it is required to hold.
−Removed: Stock redemptions are made at the discretion of FHLB.
−Removed: Due to requirements for additional advances, there were no purchases and dividend reinvestments of $ 211 for the year ended December 31, 2024, and there were purchases of $ 706 and dividend reinvestments of $ 150 for the year ended December 31, 2023.
+Added: Texas Community Bancshares, Inc.
+Added: and Subsidiaries
+Added: Notes to Consolidated Financial Statements
+Added: December 31, 2025 and 2024
+Added: (Amounts in thousands, except for share and per share data)
+Added: redemptions are made at the discretion of FHLB.
+Added: Due to advance requirements, there were no purchases and dividend reinvestments of $ 155 for the year ended December 31, 2025, and there were no purchases and dividend reinvestments of $ 211 for the year ended December 31, 2024.
Both cash and stock dividends are reported as income.
−Removed: There were no sales during 2024 or 2023.
+Added: There were stock redemptions of $ 1,096 during 2025 and no sales or redemptions during 2024.
Additionally, the Company periodically evaluates FHLB stock for impairment.
4 unchanged sentences
The Company grants mortgage, commercial and consumer loans to customers.
−Removed: A substantial portion of the loan portfolio is represented by loans secured by real estate throughout Wood, Smith, and Van Zandt Counties and the Dallas Fort
−Removed: Texas Community Bancshares, Inc.
−Removed: and Subsidiaries
−Removed: Notes to Consolidated Financial Statements
−Removed: December 31, 2024 and 2023
−Removed: (Amounts in thousands, except for share and per share data)
−Removed: Worth Metroplex area.
+Added: A substantial portion of the loan portfolio is represented by loans secured by real estate throughout Wood, Smith, and Van Zandt Counties and the Dallas Fort Worth Metroplex area.
The ability of the Company’s debtors to honor their contracts is dependent upon the general economic conditions in this area.
3 unchanged sentences
In 2025 and 2024, management determined the deferral of these fees and costs to be immaterial to the consolidated financial statements.
−Removed: Unearned income is amortized to interest income using a level yield methodology.
+Added: Unearned income is amortized to interest income using a straight-line methodology.
Accrued interest receivable on loans totaled $ 1,493 and $ 1,416 as of December 31, 2025 and 2024, respectively, and was reported in accrued interest receivable on the consolidated statement of financial condition and is excluded from the estimate of credit losses.
19 unchanged sentences
The loss rate is based on historical loss rates for the peer group and the Company.
−Removed: Due to internal loss rates being low, a blended historical loss rate of 75% peer group and 25% Company was used.
+Added: Due to internal loss rates being
+Added: Texas Community Bancshares, Inc.
+Added: and Subsidiaries
+Added: Notes to Consolidated Financial Statements
+Added: December 31, 2025 and 2024
+Added: (Amounts in thousands, except for share and per share data)
+Added: low, a blended historical loss rate of 75% peer group and 25% Company was used.
The weighted average remaining life is determined based on contracted loan payments, expected prepayments and maturity dates.
6 unchanged sentences
Allowance for Credit Losses on Off-Balance Sheet Credit Exposures
−Removed: The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit
−Removed: Texas Community Bancshares, Inc.
−Removed: and Subsidiaries
−Removed: Notes to Consolidated Financial Statements
−Removed: December 31, 2024 and 2023
−Removed: (Amounts in thousands, except for share and per share data)
−Removed: risk via a contractual obligation to extend credit, unless the obligation is unconditionally cancellable by the Company.
+Added: The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless the obligation is unconditionally cancellable by the Company.
The allowance for credit losses on off-balance sheet credit exposures is adjusted through credit loss expense .
7 unchanged sentences
The estimated property value, less estimated costs to sell, is determined utilizing appraisals or broker price opinions of the fair value of the collateral.
−Removed: The outstanding balance of loans within the remaining loan segments (agriculture, commercial, and consumer) are generally charged off no later than the end of the month in which the account becomes 120 days past due.
+Added: The outstanding balance of loans within the remaining loan segments (agriculture, commercial, and consumer and other) are generally charged off no later than the end of the month in which the account becomes 120 days past due.
For secured loans, accounts are written down to the collateral value.
5 unchanged sentences
otherwise, such collections are credited to interest income when received.
−Removed: These loans may be restored to accrual status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected, or when the loan otherwise becomes well-secured and is in the process of collection.
+Added: These loans may be restored to accrual status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected, or
+Added: Texas Community Bancshares, Inc.
+Added: and Subsidiaries
+Added: Notes to Consolidated Financial Statements
+Added: December 31, 2025 and 2024
+Added: (Amounts in thousands, except for share and per share data)
+Added: when the loan otherwise becomes well-secured and is in the process of collection.
Wholesale Lending
5 unchanged sentences
Such financial instruments are recorded when they are funded.
−Removed: Texas Community Bancshares, Inc.
−Removed: and Subsidiaries
−Removed: Notes to Consolidated Financial Statements
−Removed: December 31, 2024 and 2023
−Removed: (Amounts in thousands, except for share and per share data)
Derivative Loan Commitments
13 unchanged sentences
The adjustment to cash surrender value increases or decreases the carrying value of the policies and is recorded as income or expense on the consolidated statements of operations.
+Added: Texas Community Bancshares, Inc.
+Added: and Subsidiaries
+Added: Notes to Consolidated Financial Statements
+Added: December 31, 2025 and 2024
+Added: (Amounts in thousands, except for share and per share data)
Other Real Estate Owned
5 unchanged sentences
Valuations are periodically performed by management, and any subsequent write-downs are recorded as a charge to earnings, if necessary, to reduce the carrying value of the property to the lower of its cost or fair value less costs to sell.
−Removed: Texas Community Bancshares, Inc.
−Removed: and Subsidiaries
−Removed: Notes to Consolidated Financial Statements
−Removed: December 31, 2024 and 2023
−Removed: (Amounts in thousands, except for share and per share data)
Premises and Equipment
15 unchanged sentences
The Company has elected to treat property leases that include both lease and non-lease components as a single component and account for it as a lease.
+Added: Texas Community Bancshares, Inc.
+Added: and Subsidiaries
+Added: Notes to Consolidated Financial Statements
+Added: December 31, 2025 and 2024
+Added: (Amounts in thousands, except for share and per share data)
Mortgage Servicing Rights
6 unchanged sentences
Intangible Assets
−Removed: Intangible assets with a finite life consist of a core deposit intangible and is carried at cost less accumulated amortization.
−Removed: The Company amortizes the cost of the identifiable intangible asset on a straight-line basis over the expected period of benefit, which is seven years .
−Removed: Texas Community Bancshares, Inc.
−Removed: and Subsidiaries
−Removed: Notes to Consolidated Financial Statements
−Removed: December 31, 2024 and 2023
−Removed: (Amounts in thousands, except for share and per share data)
+Added: Intangible assets with a finite life consisted of a core deposit intangible that was carried at cost less accumulated amortization.
+Added: The Company amortized the cost of the identifiable intangible asset on a straight-line basis over the expected period of benefit, which was seven years .
+Added: At December 31, 2025, the Company had fully amortized the core deposit intangible.
The Company’s income tax expense consists of the following components:
17 unchanged sentences
Treasury stock is accounted for using the cost method and consists of 479,241 and 282,273 shares at December 31, 2025 and 2024, respectively.
+Added: Texas Community Bancshares, Inc.
+Added: and Subsidiaries
+Added: Notes to Consolidated Financial Statements
+Added: December 31, 2025 and 2024
+Added: (Amounts in thousands, except for share and per share data)
Advertising costs are expensed as incurred.
7 unchanged sentences
Operating segments are defined as components of a business about which separate financial information is available and evaluated regularly by the CODM in deciding how to allocate resources and assess performance.
−Removed: While the CODM monitors the revenue
−Removed: Texas Community Bancshares, Inc.
−Removed: and Subsidiaries
−Removed: Notes to Consolidated Financial Statements
−Removed: December 31, 2024 and 2023
−Removed: (Amounts in thousands, except for share and per share data)
−Removed: streams of the various products and services offered by the Bank, the Company’s operations are managed and financial performance is evaluated on a Company-wide basis as a single reportable operating segment, which is the Bank.
+Added: While the CODM monitors the revenue streams of the various products and services offered by the Bank, the Company’s operations are managed and financial performance is evaluated on a Company-wide basis as a single reportable operating segment, which is the Bank.
Discrete financial information, with a full allocation of revenue, costs, and capital from key corporate functions, is not available at a level other than on a Company-wide basis.
11 unchanged sentences
Services within the scope of Topic 606 include service charges on deposits, interchange income, and the gain (loss) on the sale of foreclosed assets.
+Added: Texas Community Bancshares, Inc.
+Added: and Subsidiaries
+Added: Notes to Consolidated Financial Statements
+Added: December 31, 2025 and 2024
+Added: (Amounts in thousands, except for share and per share data)
A description of the Company’s revenue streams accounted for under Topic 606 follows:
8 unchanged sentences
Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder.
−Removed: Gains (Losses) on Sales of Foreclosed Assets:
−Removed: The Company records a gain or loss from the sale of foreclosed assets when control of the property transfers to the buyer, which generally occurs at the time of an executed deed.
−Removed: When the Company finances the sale of a foreclosed asset to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable.
−Removed: Once these criteria are met, the foreclosed asset is derecognized and the gain or loss on sale is recorded upon the transfer of control
−Removed: Texas Community Bancshares, Inc.
−Removed: and Subsidiaries
−Removed: Notes to Consolidated Financial Statements
−Removed: December 31, 2024 and 2023
−Removed: (Amounts in thousands, except for share and per share data)
−Removed: of the property to the buyer.
+Added: Gains (Losses) on Sales of Other Real Estate Owned:
+Added: The Company records a gain or loss from the sale of other real estate owned when control of the property transfers to the buyer, which generally occurs at the time of an executed deed.
+Added: When the Company finances the sale of a other real estate owned to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable.
+Added: Once these criteria are met, the other real estate owned is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer.
In determining the gain or loss on the sale, the Company adjusts the transaction price and related gain (loss) on sale if a significant financing component is present.
−Removed: The Company adopted ASU 2022-01, Derivatives and Hedging (Topic 815) – Fair Value Hedging – Portfolio Layer Method, as of January 1, 2023.
At the inception of a derivative contract, the Company designates the derivatives as one of the three types based on the Company’s intentions and belief as to likely effectiveness as a hedge.
9 unchanged sentences
The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items.
−Removed: The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended.
−Removed: When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as non-interest income.
−Removed: When a fair value hedge is discontinued, the hedged asset or liability is no longer adjusted for changes in fair value and the existing basis adjustment is amortized or accreted over the remaining life of the asset or liability.
−Removed: When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income (loss) are amortized into earnings over the same periods which the hedged transactions will affect earnings.
−Removed: The Company is exposed to losses if a counterparty fails to make its payments under a contract in which the Company is in the net receiving position.
−Removed: The Company anticipates that the counterparties will be able to fully satisfy their obligations under the agreements.
−Removed: All the contracts to which the Company is a party settle monthly or semi-annually.
−Removed: Comprehensive Income (Loss)
−Removed: Comprehensive income (loss) consists of net (loss) income and other comprehensive income (loss).
−Removed: Other comprehensive income (loss) includes unrealized gains (losses) on securities available-for-sale.
+Added: The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash
Texas Community Bancshares, Inc.
3 unchanged sentences
(Amounts in thousands, except for share and per share data)
+Added: flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended.
+Added: When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as non-interest income.
+Added: When a fair value hedge is discontinued, the hedged asset or liability is no longer adjusted for changes in fair value and the existing basis adjustment is amortized or accreted over the remaining life of the asset or liability.
+Added: When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income (loss) are amortized into earnings over the same periods which the hedged transactions will affect earnings.
+Added: The Company would be exposed to losses if a counterparty fails to make its payments under a contract in which the Company is in the net receiving position.
+Added: The Company anticipates that the counterparties would be able to fully satisfy their obligations under the agreements.
+Added: Comprehensive Income (Loss)
+Added: Comprehensive income (loss) consists of net income (loss) and other comprehensive income (loss).
+Added: Other comprehensive income (loss) includes unrealized gains (losses) on securities available-for-sale.
Stock Incentive Plan
6 unchanged sentences
The reclassifications had no impact on net income or shareholders' equity.
−Removed: Subsequent Events
−Removed: Management has evaluated subsequent events through March 27, 2025, which was the date the accompanying consolidated financial statements were issued.
−Removed: On January 15, 2025, the Company terminated the two interest rate swap agreements with a notional amount of $ 25 million.
−Removed: On February 27, 2025, the Company announced that the Company’s Board of Directors had approved a new stock repurchase program that authorized the Company to repurchase up to 153,083 shares of common stock.
−Removed: As of December 31, 2024, the Company had agreed to repurchase residential mortgage loans totaling $ 2.3 million at the original sales price.
−Removed: These loans were previously sold during 2024 due to specific documentation issues that did not impact the credit quality of the loans.
−Removed: At December 31, 2024, the Company accrued for the repurchase consideration in Accrued expenses and Other liabilities and included the assets in Loans receivable net of allowance for credit losses on the Company’s Consolidated Statement of Financial Condition.
−Removed: Cash proceeds were transferred on January 9, 2025.
−Removed: Subsequent to December 31, 2024 and through March 27, 2025, we purchased 31,500 shares of common stock at an average price of $ 15.70 pursuant to the Stock Repurchase Plan.
−Removed: Note 2 - Earnings Per Share
−Removed: Basic earnings per share is computed by dividing the net loss by the weighted-average number of common shares outstanding during the period, including allocated and committed-to-be-released ESOP shares and restricted stock awards granted on August 31, 2022, February 28, 2023, February 28, 2024, and August 30, 2024, during the applicable period.
−Removed: Diluted earnings per share is computed using the weighted-average number of shares determined for the basic earnings per common share computation plus the dilutive effect of stock compensation using the treasury stock method.
+Added: Revision of Prior-Period Comparative Financial Statements
+Added: Certain disclosures in the 2024 comparative consolidated financial statements have been revised to correct for misstatements that were not material to the previously issued 2024 financial statements.
+Added: The revisions relate to the presentation of certain disclosures and do not impact previously reported total assets, total liabilities, total shareholder’s equity, or net income for the year ended December 31, 2024.
+Added: The specific revisions are as follows:
+Added: ● Related Party Loans:
+Added: The balance of loans to related parties as of December 31, 2024, was revised from $2,987 to $3,978 in Note 15 Related Party Transactions.
+Added: ● Related Party Deposits:
+Added: The balance of deposits to related parties as of December 31, 2024, was revised from $4,052 to $6,212 in Note 15 Related Party Transactions.
Texas Community Bancshares, Inc.
3 unchanged sentences
(Amounts in thousands, except for share and per share data)
+Added: Note 2 - Earnings Per Share
+Added: Basic earnings per share is computed by dividing the net income or loss by the weighted-average number of common shares outstanding during the period, including allocated and committed-to-be-released ESOP shares and vested restricted stock awards.
+Added: Diluted earnings per share is computed using the weighted-average number of shares determined for the basic earnings per common share computation plus the dilutive effect of stock compensation using the treasury stock method.
The following table presents a reconciliation of the number of shares used in the calculation of basic and diluted earnings per common share:
+Added: Net Income (Loss)
Weighted average shares outstanding for basic earnings per share:
6 unchanged sentences
Dilutive earnings (loss) per share
−Removed: Nonvested restricted stock awards for 64,886 and 84,697 shares of common stock were not considered in computing diluted earnings per share for 2024 and 2023, respectively, because they were antidilutive.
−Removed: Nonvested stock options for 160,596 and 211,747 shares of common stock and vested stock options for 44,630 and 19,546 shares of common stock were not considered in computing diluted earnings per share for 2024 and 2023, respectively, because they were antidilutive.
+Added: Nonvested restricted stock awards for 64,886 shares of common stock were not considered in computing diluted earnings per share for 2024, because they were antidilutive.
+Added: All nonvested restricted stock awards were considered in computing diluted earnings per share for 2025, because they were dilutive.
+Added: Stock options for 128,269 and 160,596 shares of common stock were not considered in computing diluted earnings per share for 2025 and 2024, because they were nonvested.
+Added: Stock options for 44,630 shares of common stock have vested, however, were not considered in computing diluted earnings per share for 2024, because they were antidilutive.
Texas Community Bancshares, Inc.
33 unchanged sentences
Total securities held to maturity
−Removed: During the years ended December 31, 2024, the Company had sales of available for sale securities with an amortized cost basis of $ 19,944 with a gain of $ 190 and no sales of held to maturity securities.
−Removed: During the year ended December 31, 2023, the Company had sales of available for sale securities with an amortized cost of $ 19,767 with a loss of $ 1,734 and no sales of held to maturity securities.
+Added: During the years ended December 31, 2025 and 2024, the Company had sales of available for sale securities with an amortized cost basis of $ 23,672 with a gain of $ 117 and $ 19,944 with a gain of $ 190 , respectively.
+Added: There were no sales of held to maturity securities during the years ended December 31, 2025 and 2024.
At December 31, 2025 and 2024, securities with a fair value of $ 14,815 and $ 17,862 , respectively, were pledged to secure public deposits and for other purposes required or permitted by law.
22 unchanged sentences
Corporate bonds (4, 13)
−Removed: Government and agency (0,0)
December 31, 2024
6 unchanged sentences
Corporate bonds (2, 12)
−Removed: Government and agency (1,0)
At December 31, 2025 and 2024, the Company had investment securities with approximately $ 5,431 and $ 8,773 , respectively, in unrealized losses, which have been in continuous loss positions for more than twelve months.
2 unchanged sentences
The Company monitors credit quality of debt securities held to maturity through the use of credit rating.
+Added: The Company monitors the credit rating on a continual basis.
+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
Texas Community Bancshares, Inc.
3 unchanged sentences
(Amounts in thousands, except for share and per share data)
−Removed: monitors the credit rating 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 December 31, 2024:
+Added: December 31, 2025 and 2024:
December 31, 2025
4 unchanged sentences
U.S Government
−Removed: As of December 31, 2024 and 2023, there were no securities held to maturity on nonaccrual or past due.
+Added: As of December 31, 2025 and 2024, there were no securities held to maturity on nonaccrual or past due status.
Mortgage-backed Securities and Collateralized Mortgage Obligations
−Removed: The unrealized losses on the Company's investment in mortgage-backed securities and collateralized mortgage obligations were caused by interest rate increases and changes in prepayment speeds.
−Removed: The Company purchased these investments at a 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 market value is attributable to changes in 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, 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 December 31, 2024 or 2023.
+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 December 31, 2025 and 2024.
Government and Agency
−Removed: The unrealized losses on the Company's investment in U.S.
−Removed: Government and agency securities have not been recognized into income and no allowance for credit losses established because the bonds are of high credit quality, management does not intend to sell and it is likely that management will not be required to sell the securities prior to their anticipated recovery.
−Removed: The decline in fair value is largely due to increases in interest rates and not credit quality and the fair value is expected to recover as the bonds approach maturity.
−Removed: Accordingly, it is expected that the securities would not be settled at a price less than the amortized cost bases of the Company’s investments.
+Added: The unrealized losses on the Company’s investments in U.S.
+Added: government and agency securities have not been recognized into income and no allowance for credit losses was established because the bonds are of high credit quality, management does not intend to sell, and it is likely that management will not be required to sell the securities prior to their anticipated recovery, which may be at maturity.
+Added: The decline in fair value is largely due to increases in market interest rates and not credit quality deterioration and the fair value is expected to recover as the bonds approach maturity.
+Added: 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.
Therefore, an allowance for credit losses is deemed unnecessary at December 31, 2025 and 2024.
Municipal Securities and Corporate Bonds
−Removed: The unrealized losses on the Company's investment in municipal securities and corporate bonds have not been recognized into income and no allowance for credit losses established because the bonds are of high credit quality,
+Added: The unrealized losses on the Company’s investments in state and municipal securities and corporate bonds have not been recognized into income and no allowance for credit losses was established because the bonds are of high credit quality, management does not intend to sell, and it is likely that management will not be required to sell the securities prior to their anticipated recovery, which may be at maturity.
+Added: The decline in fair value is largely due to increases in market interest rates and not credit quality deterioration and the fair value is expected to recover as the bonds approach maturity.
+Added: Accordingly, it is expected that the securities would not be settled at a price less than the amortized cost basis of the
Texas Community Bancshares, Inc.
3 unchanged sentences
(Amounts in thousands, except for share and per share data)
−Removed: management does not intend to sell, and it is likely that management will not be required to sell the securities prior to their anticipated recovery.
−Removed: The decline in fair value is largely due to increases in interest rates and not credit quality and the fair value is expected to recover as the bonds approach maturity.
−Removed: Accordingly, it is expected that the securities would not be settled at a price less than the amortized cost bases of the Company’s investments.
+Added: Company’s investments.
Therefore, an allowance for credit losses is deemed unnecessary at December 31, 2025 and 2024.
7 unchanged sentences
Consumer and other
−Removed: Less allowance for credit losses
+Added: allowance for credit losses
Loans and leases, net
10 unchanged sentences
Balance, December 31, 2025
−Removed: Balance, December 31, 2024 allocated to loans and leases individually evaluated
−Removed: Balance, December 31, 2024 allocated to loans and leases collectively evaluated
−Removed: Loans and leases receivable:
−Removed: Balance, December 31, 2024 loans and leases individually evaluated
−Removed: Balance, December 31, 2024 loans and leases collectively evaluated
−Removed: Balance, December 31, 2024
−Removed: Texas Community Bancshares, Inc.
−Removed: and Subsidiaries
−Removed: Notes to Consolidated Financial Statements
−Removed: December 31, 2024 and 2023
−Removed: (Amounts in thousands, except for share and per share data)
December 31, 2024
3 unchanged sentences
Municipalities
−Removed: Beginning balance prior to adoption of ASC 326
−Removed: Impact of adopting ASC 326 on January 1, 2023
+Added: Balance, January 1, 2024
Provision for credit losses
1 unchanged sentence
Balance, December 31, 2024
−Removed: Balance, December 31, 2023 allocated to loans and leases individually evaluated
−Removed: Balance, December 31, 2023 allocated to loans and leases collectively evaluated
−Removed: Loans and leases receivable:
−Removed: Balance, December 31, 2023 loans and leases individually evaluated
−Removed: Balance, December 31, 2023 loans and leases collectively evaluated
−Removed: Balance, December 31, 2023
−Removed: The following table presents the amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing as of December 31, 2024 and 2023:
+Added: Texas Community Bancshares, Inc.
+Added: and Subsidiaries
+Added: Notes to Consolidated Financial Statements
+Added: December 31, 2025 and 2024
+Added: (Amounts in thousands, except for share and per share data)
+Added: The following table presents the amortized cost basis of loans on nonaccrual status and loans past due over 90 days and still accruing interest as of December 31, 2025 and 2024:
December 31, 2025
6 unchanged sentences
Consumer and other
−Removed: Texas Community Bancshares, Inc.
−Removed: and Subsidiaries
−Removed: Notes to Consolidated Financial Statements
−Removed: December 31, 2024 and 2023
−Removed: (Amounts in thousands, except for share and per share data)
December 31, 2024
7 unchanged sentences
The Company did no t recognize any interest income on nonaccrual loans during the years ended December 31, 2025 or 2024.
−Removed: The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of December 31, 2024:
+Added: Texas Community Bancshares, Inc.
+Added: and Subsidiaries
+Added: Notes to Consolidated Financial Statements
+Added: December 31, 2025 and 2024
+Added: (Amounts in thousands, except for share and per share data)
+Added: The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of December 31, 2025 and 2024:
December 31, 2025
−Removed: Construction and land
1-4 Residential & multi-family
Commercial real estate
+Added: Consumer and other
December 31, 2024
+Added: Construction and land
1-4 Residential & multi-family
1 unchanged sentence
The Company had $ 2,135 and $ 2,260 in collateral-dependent loans as of December 31, 2025 and 2024, respectively.
−Removed: Texas Community Bancshares, Inc.
−Removed: and Subsidiaries
−Removed: Notes to Consolidated Financial Statements
−Removed: December 31, 2024 and 2023
−Removed: (Amounts in thousands, except for share and per share data)
Internal Risk Categories
7 unchanged sentences
The allowance for credit losses may be zero if the fair value of the collateral at the measurement date exceeds the amortized cost basis of the loan.
+Added: Texas Community Bancshares, Inc.
+Added: and Subsidiaries
+Added: Notes to Consolidated Financial Statements
+Added: December 31, 2025 and 2024
+Added: (Amounts in thousands, except for share and per share data)
The Company monitors credit quality within its portfolio segments based on primary credit quality indicators.
15 unchanged sentences
Based upon available information, positive action by the Company is required to avert or minimize loss.
−Removed: Credits with this classification have often become collateral dependent and any shortage in collateral or
−Removed: Texas Community Bancshares, Inc.
−Removed: and Subsidiaries
−Removed: Notes to Consolidated Financial Statements
−Removed: December 31, 2024 and 2023
−Removed: (Amounts in thousands, except for share and per share data)
−Removed: other likely loss amount is recorded as a specific valuation allowance.
+Added: Credits with this classification have often become collateral dependent and any shortage in collateral or other likely loss amount is recorded as a specific valuation allowance.
Credits rated doubtful are generally also placed on nonaccrual.
9 unchanged sentences
Management believes this accurately represents the risk profile of each loan segment.
−Removed: The prior period balances have been revised to conform to the current period presentation.
These reclassifications did not have a significant impact on the allowance for credit losses.
9 unchanged sentences
Special mention
+Added: Current period gross charge-offs
Special mention
24 unchanged sentences
Special mention
+Added: Current period gross charge-offs
Commercial real estate
2 unchanged sentences
Special mention
+Added: Current period gross charge-offs
Municipalities
3 unchanged sentences
Current period gross charge-offs
−Removed: The Company considers the performance of the loan portfolio and its impact on the allowance for credit losses.
−Removed: The Company also evaluates credit quality based on the aging status of the loan, which is subsequently presented.
Texas Community Bancshares, Inc.
3 unchanged sentences
(Amounts in thousands, except for share and per share data)
+Added: The Company considers the performance of the loan portfolio and its impact on the allowance for credit losses.
+Added: The Company also evaluates credit quality based on the aging status of the loan, which is subsequently presented.
The following is an aging analysis for loans as of December 31, 2025 and 2024:
40 unchanged sentences
Buildings and improvements
−Removed: Construction in Progress
Furniture, fixtures and equipment
6 unchanged sentences
(Amounts in thousands, except for share and per share data)
+Added: Note 7 – Leases
+Added: The Company leases certain office facilities and equipment for various terms under long-term, non-cancelable operating lease agreements.
+Added: The leases expire at various dates through 2030 and provide for renewal options ranging from 1 year to 5 years .
+Added: The Company included in the determination of the right-of-use assets and lease liabilities any renewal options when the options are reasonably certain to be exercised.
+Added: The leases provide for increases in future minimum annual rental payments based on defined increases in the Consumer Price Index, subject to certain minimum increases.
+Added: Also, the agreements generally require the Company to pay real estate taxes, insurance, and repairs.
+Added: The weighted-average discount rate is based on the discount rate implicit in the lease, or if the implicit rate is not readily determinable from the lease, then the Company estimates an applicable incremental borrowing rate.
+Added: The incremental borrowing rate is estimated using the Company’s applicable borrowing rates and the contractual lease term.
+Added: Total right-of-use assets and lease liabilities at December 31, 2025 and 2024, were as follows:
+Added: Statement of Financial Condition Classification
+Added: Right-of-use assets:
+Added: Operating leases
+Added: Lease Liabilities:
+Added: Operating lease liabilities
+Added: Accrued expenses and other liabilities
+Added: Total lease costs for the years ended December 31, 2025 and 2024, were as follows:
+Added: Operating lease cost
+Added: The future minimum lease payments under noncancelable operating leases with terms greater than one year at December 31, 2025, were as follows:
+Added: Operating Leases
+Added: Total undiscounted lease payments
+Added: imputed interest
+Added: Net lease liabilities
+Added: Texas Community Bancshares, Inc.
+Added: and Subsidiaries
+Added: Notes to Consolidated Financial Statements
+Added: December 31, 2025 and 2024
+Added: (Amounts in thousands, except for share and per share data)
+Added: Supplemental Lease Information
+Added: Weighted-average remaining lease term
+Added: Operating leases
+Added: Weighted-average discount rate
+Added: Operating leases
+Added: Cash paid for amounts included in the measurement of lease liabilities
+Added: Operating cash flows from operating leases
Note 8 - Deposits
The aggregate amount of time deposits meeting or exceeding FDIC limits of $250 or more at December 31, 2025 and 2024, was $ 35,824 and $ 29,697 , respectively.
−Removed: At December 31, 2024 and 2023, deposits include $ 22,000 and $ 12,000 , respectively, of callable brokered deposits issued as part of an investment strategy that are fully insured with $ 4,000 maturing in 2025 and $ 18,000 maturing in 2029.
+Added: At December 31, 2025 and 2024, deposits include $ 18,000 and $ 22,000 , respectively, of callable brokered deposits issued as part of an investment strategy that are fully insured with $ 18,000 maturing in 2029.
At December 31, 2025, the scheduled maturities of time deposits are as follows:
5 unchanged sentences
Pursuant to a blanket collateral agreement with the FHLB, advances were secured by all stock and deposit accounts with the FHLB, mortgage collateral, securities collateral, and other collateral.
−Removed: $ 2,802 and $ 3,558 of securities were specifically pledged as of December 31, 2024 and 2023, respectively.
+Added: $ 2,802 of securities were specifically pledged as of December 31, 2024.
+Added: There were no securities specifically pledged as of December 31, 2025.
+Added: Texas Community Bancshares, Inc.
+Added: and Subsidiaries
+Added: Notes to Consolidated Financial Statements
+Added: December 31, 2025 and 2024
+Added: (Amounts in thousands, except for share and per share data)
Note 10 - Income Taxes
3 unchanged sentences
Current state income tax expense
−Removed: Deferred federal income tax (benefit) expense
+Added: Deferred federal income tax expense (benefit)
Deferred state income tax expense
+Added: Total provision (benefit)
+Added: The differences in amounts and percentages between the statutory federal tax rate of 21 % and the Company’s effective tax rate on net income before income taxes as reflected in the consolidated statements of operations during the year ended December 31, 2025, were as follows:
+Added: Year ended December 31, 2025
+Added: federal statutory tax rate
+Added: State and local income taxes, net of federal income tax effect
+Added: Nontaxable or nondeductible items
+Added: Nontaxable items - tax-exempt loan interest
+Added: Nontaxable items - tax-exempt interest
+Added: Nontaxable items - insurance officer life CSV (tax exempt build up)
+Added: Nontaxable items - other nontaxable items
+Added: Nondeductible items - disallowed interest expense
+Added: Nondeductible items - other nondeductible items
+Added: Other adjustments
+Added: Texas is the only state included in the state and local income taxes, net of federal income tax effect, category.
+Added: Income tax expense, as a percentage of pretax earnings, differs from the statutory federal income tax rate during the year ended December 31, 2024, is as follows:
+Added: Year ended December 31, 2024
+Added: Income tax expense at the statutory rate
+Added: State income taxes
+Added: Nontaxable earnings
+Added: Nondeductible expenses
Total provision
4 unchanged sentences
(Amounts in thousands, except for share and per share data)
−Removed: Income tax expense, as a percentage of pretax earnings, differs from the statutory federal income tax rate during the years ended December 31, 2024 and 2023, is as follows:
−Removed: Income tax expense at the statutory rate
−Removed: State income taxes
−Removed: Nontaxable earnings
−Removed: Nondeductible expenses
−Removed: Total provision
+Added: Income taxes paid were as follows:
+Added: Years ended December 31,
+Added: State/local (Texas)
The components of the net deferred tax asset are as follows:
17 unchanged sentences
This amount represents an allocation of income to bad debt deductions for tax purposes only.
−Removed: Reduction of amounts so allocated for purposes other than tax bad debt losses or adjustments arising from carryback of
+Added: Reduction of amounts so allocated for purposes other than tax bad debt losses or adjustments arising from carryback of net operating losses would create income for tax purposes only, which would be subject to the current corporate income tax rate.
+Added: The unrecorded deferred income tax liability on the above amount was $ 559 at December 31, 2025 and 2024.
Texas Community Bancshares, Inc.
3 unchanged sentences
(Amounts in thousands, except for share and per share data)
−Removed: net operating losses would create income for tax purposes only, which would be subject to the current corporate income tax rate.
−Removed: The unrecorded deferred income tax liability on the above amount was $ 559 at December 31, 2024 and 2023.
Note 11 - Off-Balance-Sheet Activities
18 unchanged sentences
The Company pays no fees for the lines of credit and has not drawn upon them.
−Removed: One line renews annually and the other lines are in effect until either party changes the terms of the agreement.
−Removed: The Company is a party to an additional agreement on a secured federal funds line of credit of $ 3,000 that is in effect until either party changes or fails to meet the terms of the agreement.
+Added: One line renews annually and the other line is in effect until either party changes the terms of the agreement.
At December 31, 2025, the Company had no commitments to purchase securities.
15 unchanged sentences
The Company’s contributions for the years ended December 31, 2025 and 2024 were $ 192 and $ 181 , respectively.
−Removed: The Company has a deferred compensation plan with a member of its board of directors that permits that director to defer a portion of his compensation and earn a guaranteed interest rate on the deferred amounts.
−Removed: The portion of the director’s compensation that is deferred has been accrued and the only other expense related to this plan is the interest on the deferred amounts.
+Added: The Company has a deferred compensation plan with a former member of its board of directors that permits that director to defer a portion of his compensation and earn a guaranteed interest rate on the deferred amounts.
+Added: The portion of the former director’s compensation that is deferred has been accrued and the only other expense related to this plan is the interest on the deferred amounts.
Interest expense during the years ended December 31, 2025 and 2024, included $ 8 and $ 9 , respectively, related to this plan.
The Company has included $ 156 and $ 166 of deferred compensation payable at December 31, 2025 and 2024, respectively, which is included in accrued expenses and other liabilities.
−Removed: To fund this plan, the Company has purchased a corporate-owned whole-life insurance contract on the director.
+Added: To fund this plan, the Company has purchased a corporate-owned whole-life insurance contract on the former director.
The Company has included $ 135 and $ 130 in bank-owned life insurance at December 31, 2025 and 2024, respectively, which represents the cash surrender value of this policy.
−Removed: Effective January 1, 2013, the Company adopted a deferred compensation incentive plan for five key employees.
−Removed: In 2019 and 2020, three employees were added to the plan.
−Removed: In 2022, two employees were added to the plan and one employee was removed from the plan, for a total of nine employees.
−Removed: The plan provides for an individually agreed upon percentage of net income for the plan year to be deferred and vested over five years .
−Removed: The deferred compensation will earn interest over the vesting period.
−Removed: The vested benefit is to be paid within 90 days of the end of each plan year.
+Added: The Company adopted a deferred compensation incentive plan in January 2013.
+Added: The plan provided for an individually agreed upon percentage of net income for the plan year to be deferred and vested over five years .
+Added: The deferred compensation earned interest over the vesting period.
+Added: The vested benefit was to be paid within 90 days of the end of each plan year.
The plan was terminated on December 31, 2023, and was accelerated to fully vest all participants on December 31, 2023.
3 unchanged sentences
An accrual of $ 0 and $ 1,042 for December 31, 2025 and 2024, respectively, is included in accrued expenses and other liabilities.
−Removed: To partially fund benefit plans, Broadstreet Bank maintains the Broadstreet Bank Split Dollar Life Insurance Plan, which consists of thirteen life insurance policies on seven current, three retired officers and three former officers.
+Added: To partially fund benefit plans, Broadstreet Bank maintains the Broadstreet Bank Split Dollar Life Insurance Plan, which consists of thirteen life insurance policies on six current, three retired officers and four former officers.
The executive has the right to designate a beneficiary who will receive his or her share of the net death benefit payable upon his or her death if the employment conditions of the plan have been met.
2 unchanged sentences
The Company has included $ 6,409 and $ 6,240 in bank-owned life insurance on bank officers at December 31, 2025 and 2024, which represents the cash surrender value of the policies.
−Removed: Note 13 - Employee Stock Ownership Plan
−Removed: In connection with the Conversion to an entity owned by shareholders, the Company established an ESOP for the exclusive benefit of eligible employees.
−Removed: The ESOP borrowed funds from the Company in an amount sufficient to purchase 260,621 shares (approximately 8.0 % of the common stock issued in connection with the Conversion).
−Removed: The loan is secured by unallocated shares and will be repaid by the ESOP with funds from contributions made by the Company
Texas Community Bancshares, Inc.
3 unchanged sentences
(Amounts in thousands, except for share and per share data)
−Removed: and dividends received by the ESOP.
+Added: Note 14 - Employee Stock Ownership Plan
+Added: In connection with the Conversion, the Company established an ESOP for the exclusive benefit of eligible employees.
+Added: The ESOP borrowed funds from the Company in an amount sufficient to purchase 260,621 shares (approximately 8.0 % of the common stock issued in connection with the Conversion).
+Added: The loan is secured by unallocated shares and will be repaid by the ESOP with funds from contributions made by the Company and dividends received by the ESOP.
Contributions will be applied to repay interest on the loan first, and then the remainder will be applied to principal.
22 unchanged sentences
Stock Option Awards
−Removed: The Company’s 2022 Equity Incentive Plan (the Equity Plan), which is shareholder approved, permits the grant of stock options to its directors, executive officers and other officers for up to 325,775 shares of common stock.
+Added: The Company’s 2022 Equity Incentive Plan (the Equity Plan), which was approved by shareholders, permits the grant of stock options to its directors, executive officers and other officers for up to 325,775 shares of common stock.
Stock option awards are generally granted with an exercise price equal to the market price of the Company’s common stock at the date of grant;
3 unchanged sentences
Expected volatility is based on historical volatility of the Company’s common stock.
−Removed: The Company uses historical data when available to estimate option exercise and post-vesting termination behavior.
−Removed: Due to lack of historical data, the Company estimated the expected term of options granted is 7.5 years.
−Removed: This represents the period of time that options granted are expected to be outstanding, which takes into account that the options are not transferable.
−Removed: The Company’s accounting policy is to recognize forfeitures as they occur.
−Removed: The risk-free interest rate for the expected term of the options is based on the 7-year U.S.
−Removed: Treasury yield curve in effect at the time of the grants.
+Added: The Company uses historical data when available to estimate option exercise
Texas Community Bancshares, Inc.
3 unchanged sentences
(Amounts in thousands, except for share and per share data)
+Added: and post-vesting termination behavior.
+Added: Due to lack of historical data, the Company estimated the expected term of options granted is 7.5 years.
+Added: This represents the period of time that options granted are expected to be outstanding, which takes into account that the options are not transferable.
+Added: The Company’s accounting policy is to recognize forfeitures as they occur.
+Added: The risk-free interest rate for the expected term of the options is based on the 7-year U.S.
+Added: Treasury yield curve in effect at the time of the grants.
On August 31, 2022, the non-employee directors of the Company were granted 97,728 stock options with a cost of $ 6.50 per option and an exercise price of $ 16.00 .
These options will vest annually over a five year period ending August 31, 2027 and will expire on August 31, 2032.
−Removed: During the year ended December 31, 2024, 8,144 of these options were forfeited or expired.
+Added: During the year ended December 31, 2025 and 2024, 14,661 and 8,144 of these options were forfeited or expired, respectively.
On February 28, 2023, the executive officers of the Company were granted 192,204 stock options with a cost of $ 6.14 per option and an exercise price of $ 15.67 .
These options will vest annually over a five year period ending February 28, 2028 and will expire on February 28, 2033.
−Removed: During the years ending December 31, 2024 and 2023, 24,758 and 58,639 , respectively, of these options were forfeited.
+Added: During the years ended December 31, 2025 and 2024, 22,477 and 24,758 , of these options were forfeited or expired, respectively.
On February 28, 2024, an executive officer of the Company was granted 58,639 stock options with a cost of $ 6.41 per option and an exercise price of $ 13.75 .
3 unchanged sentences
Compensation expense for the stock options for the years ended December 31, 2025 and 2024, was $ 296 and $ 377 , respectively.
−Removed: The fair value of options granted was determined using the following weighted-average assumptions as of grant date.
+Added: There were no additional grants during the year ended December 31, 2025.
+Added: The fair value of options granted during the year ended December 31, 2024, was determined using the following weighted-average assumptions as of grant date.
Expected volatility
2 unchanged sentences
Risk-free rate
+Added: Texas Community Bancshares, Inc.
+Added: and Subsidiaries
+Added: Notes to Consolidated Financial Statements
+Added: December 31, 2025 and 2024
+Added: (Amounts in thousands, except for share and per share data)
A summary of the activity in the stock option awards for 2025 and 2024 follows:
9 unchanged sentences
Exercisable at December 31, 2025
−Removed: Texas Community Bancshares, Inc.
−Removed: and Subsidiaries
−Removed: Notes to Consolidated Financial Statements
−Removed: December 31, 2024 and 2023
−Removed: (Amounts in thousands, except for share and per share data)
Weighted-Average
16 unchanged sentences
During the years ended December 31, 2025 and 2024, 3,909 and 9,903 , respectively, of these awards were forfeited.
−Removed: On February 28, 2024, an executive officer of the Company was granted 23,455 shares of Company stock when the stock price was $ 13.75 per share.
−Removed: The Company accelerated the first vesting period to vest 20 % of the awards at grant date and the remaining awards will vest in four equal annual installments through February 28, 2028.
−Removed: On August 30, 2024 certain officers of the Company were granted 9,212 shares of Company stock when the stock price was $ 14.31 per share.
−Removed: These stock awards will vest in five equal annual installments through August 31, 2029.
−Removed: Compensation expense for the restricted stock awards for the years ended December 31, 2024 and 2023 was $ 380 and $ 264 , respectively.
Texas Community Bancshares, Inc.
3 unchanged sentences
(Amounts in thousands, except for share and per share data)
−Removed: A summary of changes in the Company’s nonvested shares for the year follows:
+Added: On February 28, 2024, an executive officer of the Company was granted 23,455 shares of Company stock when the stock price was $ 13.75 per share.
+Added: The Company accelerated the first vesting period to vest 20 % of the awards at grant date and the remaining awards will vest in four equal annual installments through February 28, 2028.
+Added: On August 30, 2024 certain officers of the Company were granted 9,212 shares of Company stock when the stock price was $ 14.31 per share.
+Added: These stock awards will vest in five equal annual installments through August 31, 2029.
+Added: Compensation expense for the restricted stock awards for the years ended December 31, 2025 and 2024 was $ 311 and $ 380 , respectively.
+Added: A summary of changes in the Company’s nonvested shares for the years ended December 31, 2025 and 2024 follows:
Weighted-Average
26 unchanged sentences
Loan originations to facilitate the sale of other real estate owned
+Added: Loans transferred to other real estate owned
Premises and equipment transferred to other real estate owned
+Added: Lease liabilities arising from obtaining right-of-use assets
Note 18 - Minimum Regulatory Capital Requirements
5 unchanged sentences
At December 31, 2025 and 2024, the Bank’s CBLR ratio was 11.74 % and 10.84 %, respectively, which exceeded all regulatory capital requirements under the CBLR framework and the Bank was considered to be “well-capitalized.”
−Removed: Under the CLBR 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.
+Added: 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.
Qualifying community banking organizations that elect to use the CBLR framework and that maintain a leverage ratio of greater than 9% are considered to have satisfied the generally applicable risk-based and leverage capital requirements in the agencies’ capital rules (generally applicable capital rules) and, if applicable, are considered to have met the well-capitalized ratio requirements for purposes of section 38 of the Federal Deposit Insurance Act.
45 unchanged sentences
Treasury yield curve, live trading levels, trade execution data, market consensus prepayments speeds, credit information and the bond’s terms and conditions, among other things.
−Removed: Derivative Instruments – As discussed in Note 19 “Derivatives”, the Company records derivative instruments at fair value on a recurring basis.
+Added: Derivative Instruments – The Company records derivative instruments at fair value on a recurring basis.
The Company utilizes derivative instruments as part of the management of interest rate risk to modify the repricing characteristics of certain portions of the Company’s interest-bearing assets and liabilities.
1 unchanged sentence
Third-party valuations are validated by the Company using Bloomberg Valuation Service’s derivative pricing functions.
−Removed: No significant differences were identified during the validation as of December 31, 2024.
Collateral-dependent Loans – Collateral-dependent loans are reported at the fair value of the underlying collateral if repayment is expected solely from the collateral.
13 unchanged sentences
Corporate bonds
−Removed: Derivative instruments
Total financial assets
30 unchanged sentences
The fair value of collateral-dependent loans is determined based on collateral valuations utilizing Level 3 valuation inputs.
−Removed: There was a charge of $ 15 to the provision for credit losses and a transfer of $ 48 from the general reserve to the specific reserve as a result of additional reserve requirements according to the quarterly evaluation conducted on collateral dependent loans for year ended December 31, 2024.
−Removed: There was no charge to the provision for credit losses as a result of the valuation allowance for the year ended December 31, 2023.
+Added: At December 31, 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
Texas Community Bancshares, Inc.
3 unchanged sentences
(Amounts in thousands, except for share and per share data)
−Removed: At December 31, 2024, the Company had other real estate owned consisting of two bank properties that were purchased for future expansion, but have now been listed for sale.
−Removed: At December 31, 2024, the Company had one commercial building held as other real estate owned with a carrying value of $ 162 , which was sold at a gain during the year ended December 31, 2024.
+Added: 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.
Quantitative Information About Significant Unobservable Inputs Used in Level 3 Fair Value Measurements – The following table represents the Company’s Level 3 financial assets, the valuation techniques used to measure the fair value of those financial assets, the significant unobservable inputs and the ranges of values for those inputs:
20 unchanged sentences
(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable.
+Added: Texas Community Bancshares, Inc.
+Added: and Subsidiaries
+Added: Notes to Consolidated Financial Statements
+Added: December 31, 2025 and 2024
+Added: (Amounts in thousands, except for share and per share data)
The estimated fair values, and related carrying amounts, of the Company’s financial instruments are as follows:
12 unchanged sentences
Accrued interest payable
−Removed: Texas Community Bancshares, Inc.
−Removed: and Subsidiaries
−Removed: Notes to Consolidated Financial Statements
−Removed: December 31, 2024 and 2023
−Removed: (Amounts in thousands, except for share and per share data)
December 31, 2024
7 unchanged sentences
Restricted investments carried at cost
+Added: Mortgage servicing rights
Financial liabilities
6 unchanged sentences
Accrued interest receivable – The carrying value approximates its fair value.
+Added: Texas Community Bancshares, Inc.
+Added: and Subsidiaries
+Added: Notes to Consolidated Financial Statements
+Added: December 31, 2025 and 2024
+Added: (Amounts in thousands, except for share and per share data)
Restricted investments carried at cost – The carrying value of these investments approximates fair value based on the redemption provisions contained in each.
5 unchanged sentences
Accrued interest payable – The carrying value approximates the fair value.
−Removed: Texas Community Bancshares, Inc.
−Removed: and Subsidiaries
−Removed: Notes to Consolidated Financial Statements
−Removed: December 31, 2024 and 2023
−Removed: (Amounts in thousands, except for share and per share data)
Note 20 – Derivatives
2 unchanged sentences
Fair Value Hedges – Derivatives are designated as fair value hedges when they are used to manage exposure to changes in the fair value of certain financial assets and liabilities, referred to as the hedged items, which fluctuate in value as a result of movements in interest rates.
−Removed: Securities available for sale – The Company has a swap agreement to hedge the interest rate risk on a portion of its fixed rate securities available for sale.
−Removed: At December 31, 2024 and 2023, the aggregate notional amount of the related hedged items of the securities available for sale totaled $ 25 million and the fair value of the swaps associated with the derivative related to hedged items was an unrealized gain of $ 417 and $ 119 , respectively.
+Added: Securities available for sale – During the year ended December 31, 2024, the Company had a swap agreement to hedge the interest rate risk on a portion of its fixed rate securities available for sale.
+Added: At December 31, 2024, the aggregate notional amount of the related hedged items of the securities available for sale totaled $ 25 million and the fair value of the swaps associated with the derivative related to hedged items was an unrealized gain of $ 417 .
During the year ended December 31, 2024, the carrying amount of the hedged assets decreased due to the sale of two securities with an amortized cost of $ 5,500 .
−Removed: At December 31, 2024, the hedging relationship still qualified for hedge accounting due to the amortized cost of the remaining securities exceeding the notional amount.
+Added: At December 31, 2024, the hedging relationship qualified for hedge accounting due to the amortized cost of the remaining securities exceeding the notional amount.
The Company applies hedge accounting in accordance with ASC 815, Derivatives and Hedging, and the fair value hedge and the underlying hedged item, attributable to the risk being hedged, are recorded at fair value with unrealized gains and losses being recorded within other interest income on the Company’s Consolidated Statements of Operations.
2 unchanged sentences
For a discontinued or terminated fair value hedging relationship, all remaining basis adjustments to the carrying amount of the hedged item are amortized to interest income or expense over the remaining life of the hedged item consistent with the amortization of other discounts or premiums.
−Removed: Previous balances deferred in AOCI from discontinued or terminated cash flow hedges are reclassified to interest income or expense as the hedged transactions affect earnings or over the originally specified term of the hedging relationship.
+Added: Previous balances deferred in AOCI from discontinued or terminated cash flow hedges are reclassified to
+Added: Texas Community Bancshares, Inc.
+Added: and Subsidiaries
+Added: Notes to Consolidated Financial Statements
+Added: December 31, 2025 and 2024
+Added: (Amounts in thousands, except for share and per share data)
+Added: interest income or expense as the hedged transactions affect earnings or over the originally specified term of the hedging relationship.
The Company’s hedges continue to be highly effective and had no material impact on the Consolidated Statements of Operations.
1 unchanged sentence
December 31, 2024
−Removed: December 31, 2023
Notional Amount
−Removed: Notional Amount
Derivatives designated as hedges:
Fair Value Hedges
−Removed: Texas Community Bancshares, Inc.
−Removed: and Subsidiaries
−Removed: Notes to Consolidated Financial Statements
−Removed: December 31, 2024 and 2023
−Removed: (Amounts in thousands, except for share and per share data)
The following table summarizes the carrying value of the Company’s hedged assets in fair value hedges and the associated cumulative basis adjustments included in those carrying values as of December 31, 2024:
December 31, 2024
−Removed: December 31, 2023
Carrying Amount of Hedged Assets Amount
Cumulative Amount of Basis Adjustments Included in the Carrying Amount of the Hedged Assets
−Removed: Carrying Amount of Hedged Assets Amount
−Removed: Cumulative Amount of Basis Adjustments Included in the Carrying Amount of the Hedged Assets
Line items on the Consolidated Statements of Financial Condition in which the hedged items is included:
Securities available for sale
+Added: Termination of Fair Value Hedge Relationship
+Added: During the year ended December 31, 2025, the Company terminated its fair value hedge relationship related to certain AFS securities.
+Added: The hedge relationship was terminated as a result of the termination of the associated derivative instrument, and the Company did not redesignate the derivative as a hedging instrument.
+Added: The underlying AFS securities were not sold in connection with the termination of the hedge relationship.
+Added: Upon termination of the fair value hedge, the derivative instrument was settled, and no derivative instruments related to this hedge relationship remained outstanding.
+Added: The cumulative fair value hedge basis adjustment previously recorded on the hedged AFS securities, which reflects changes in fair value attributable to the hedged risk, remains as part of the carrying amount of the securities.
+Added: Upon termination the unamortized basis adjustment related to the terminated hedge was $ 463 .The basis adjustment is being amortized into interest income over the remaining contractual lives of the related securities using the effective interest method.
+Added: The AFS securities continue to be classified as available-for-sale, with unrealized gains and losses, excluding the hedge-related basis adjustment, recorded in accumulated other comprehensive income (loss) (“AOCI”).
+Added: The termination of the fair value hedge relationship did not have a material impact on the Company’s consolidated financial statements.
Texas Community Bancshares, Inc.
7 unchanged sentences
Investment in subsidiary
−Removed: Other receivables
Deferred income taxes
−Removed: Restricted investment carried at cost
Accrued expenses and other liabilities
Shareholders' Equity
−Removed: Preferred stock, $ 0.01 par value, 1,000,000 shares authorized,
−Removed: none issued and outstanding
−Removed: Common stock, $ 0.01 par value, 19,000,000 shares authorized,
−Removed: 3,370,425 issued and 3,088,152 outstanding at December 31, 2024 and 3,350,268 issued and 3,175,426 outstanding at December 31, 2023
+Added: Preferred stock, $ 0.01 par value, 1,000,000 shares authorized, none issued and outstanding
+Added: Common stock, $ 0.01 par value, 19,000,000 shares authorized, 3,366,516 issued and 2,887,275 outstanding at December 31, 2025 and 3,370,425 issued and 3,088,152 outstanding at December 31, 2024
Additional paid in capital
1 unchanged sentence
Accumulated other comprehensive loss
−Removed: Unearned Employee Stock Ownership Program shares
+Added: Unearned Employee Stock Ownership Program shares, at cost
Treasury stock, at cost ( 479,241 shares at December 31, 2025 and 282,273 shares at December 31, 2024)
5 unchanged sentences
(Amounts in thousands, except for share and per share data)
+Added: Interest Income
+Added: Gain on other investment
Other expenses
6 unchanged sentences
Total equity in earnings of subsidiary
+Added: Net Income (Loss)
Other items of comprehensive income (loss)
Unrealized loss on investment securities available for sale, before tax
−Removed: Reclassification adjustment for realized loss on sale of investment securities included in net (loss) income
+Added: Reclassification adjustment for realized gain on sale of investment securities included in net income (loss)
Net changes in fair value of available for sale securities hedge, before tax
Income tax benefit related to other items of comprehensive income (loss)
−Removed: Total other items of comprehensive income (loss), net of tax benefit
−Removed: Comprehensive (Loss) Income
+Added: Total other items of comprehensive income (loss), net of tax expense (benefit)
+Added: Comprehensive Income (Loss)
Texas Community Bancshares, Inc.
4 unchanged sentences
Operating Activities
−Removed: Net (loss) income
+Added: Net income (loss)
Adjustments to reconcile net (loss) income to
2 unchanged sentences
ESOP compensation expense for allocated shares
+Added: Net increase in other investment
Deferred tax benefit
3 unchanged sentences
Investing Activities
−Removed: Purchase of restricted investments
+Added: Purchase of other investments
Net Cash used for Investing Activities
8 unchanged sentences
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.