TCBS — what changed in the latest 10-Q
A section-by-section comparison of TCBS's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-07 vs the prior 10-Q · 2025-11-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +28 | −57 | ~16 | 65 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-07
Total Assets. Total assets were $430.4 million at March 31, 2026, an increase of $604,000, or 0.1%, from $429.8 million at December 31, 2025. The increase was due primarily to an increase of $4.6 million in interest bearing deposits in banks, offset by a $4.7 million decrease in net loans and leases…
Cash and Cash Equivalents. Cash and cash equivalents were unchanged at $6.5 million at March 31, 2026 and December 31, 2025. This included fed funds sold balances of $3.2 million at March 31, 2026 and $2.6 million at December 31, 2025.
At March 31, 2026, commercial real estate loans consisted of $28.2 million owner occupied and $35.8 million non-owner occupied real estate. At March 31, 2026, commercial real estate loans primarily included loans collateralized by gas stations with convenience stores ($17.0 million), self-storage fa…
Other Real Estate Owned. Other real estate owned decreased $167,000, or 1.8%, to $9.1 million at March 31, 2026 from $9.3 million at December 31, 2025 due to the sale of a bank owned property in the first quarter of 2026. At March 31, 2026, there are three remaining properties including a residentia…
Deposits. Deposits increased $4.1 million, or 1.3%, to $332.0 million at March 31, 2026 from $327.9 million at December 31, 2025. Core deposits (defined as all deposits other than certificates of deposit) increased $4.9 million, or 2.5%, to $199.0 million at March 31, 2026 from $194.1 million at Dec…
Text removed vs the prior filing · source: 10-Q · 2025-11-07
Total Assets. Total assets were $439.5 million at September 30, 2025, a decrease of $4.0 million, or 0.9%, from $443.5 million at December 31, 2024. The decrease was due primarily to a decrease of $8.8 million in net loans and leases offset by an increase of $8.8 million in other real estate owned, …
Cash and Cash Equivalents. Cash and cash equivalents decreased $1.1 million, or 8.3%, to $12.2 million (which includes fed funds sold of $7.1 million) at September 30, 2025 from $13.3 million (which includes fed funds sold of $9.3 million) at December 31, 2024. This decrease was primarily the result…
At September 30, 2025, commercial real estate loans consisted of $25.2 million owner occupied and $30.0 million non-owner occupied real estate. At September 30, 2025, commercial real estate loans primarily included loans collateralized by self-storage facilities ($16.1 million), gas stations with co…
board of directors. Personal guarantees are generally obtained from the principals of commercial real estate borrowers. We consider a number of factors in originating commercial real estate loans. We evaluate the qualifications and financial conditions of the borrower, including credit history, prof…
Other Real Estate Owned. Other real estate owned increased $8.8 million, or 1,837.5%, to $9.3 million at September 30, 2025 from $480,000 at December 31, 2024. At December 31, 2024, there were two properties in other real estate owned that were properties the bank had purchased for expansion and in …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice