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About Triad Business Bank
Triad Business Bank (TBBC) is a specialized financial institution committed to serving small and midsize businesses in the Triad region. With strategically located offices in Greensboro, High Point, and Winston-Salem, the bank offers a robust suite of services including commercial lending, treasury management, and private banking. Its focus on personalized service and advanced technology ensures that each client receives tailored financial solutions designed to meet unique business needs.
Core Services and Business Model
The bank’s business model is built around the classic principles of commercial banking, emphasizing:
- Commercial Lending: Providing business loans and credit facilities that help local businesses expand their operations.
- Treasury Management: Offering sophisticated cash management and deposit solutions to optimize liquidity.
- Private Banking: Delivering personalized financial advisory services with a commitment to customer service excellence.
Revenue generation primarily occurs through the interest spread – the difference between earnings on loans and deposits – and fee-based services associated with its diverse portfolio. Triad Business Bank maintains a disciplined underwriting approach that underscores its dedication to managing risk while addressing community business needs.
Market Position and Operational Philosophy
Positioned in a competitive regional market, Triad Business Bank distinguishes itself by combining local expertise with best-in-class financial technology. The bank’s operations emphasize:
- Customer-Centric Solutions: Delivering banking products that are tailored for the specific challenges faced by small and midsize enterprises.
- Operational Efficiency: Implementing cost reduction initiatives and refined processes to ensure sustainable business practices.
- Risk Management: Upholding conservative credit underwriting standards, thereby safeguarding the bank’s portfolio and supporting long-term stability.
This strategic focus allows the bank to forge strong community relationships and support the financial growth of local businesses. The operational philosophy is centered on achieving efficient service delivery through modern technology and rigorous internal controls.
Industry Expertise and Competitive Landscape
Leveraging deep industry knowledge, Triad Business Bank employs standard banking practices while incorporating innovative solutions to address evolving market demands. Its emphasis on technology integration and personalized customer service enables the bank to remain competitive in a sector where trust and expertise are paramount. Investors and stakeholders can be assured that each service component is underpinned by solid financial principles and a clear understanding of regional economic drivers.
Commitment to Transparent Financial Practices
Even as the bank continues to focus on tailored client service, it is equally dedicated to operating with transparency and integrity. Its financial strategies are clearly articulated through improved operating efficiencies, robust credit risk management, and a balanced revenue model. These practices, alongside periodic restructuring initiatives, form the cornerstone of its operational resilience and commitment to meeting the financial needs of its community.
Overall, Triad Business Bank stands as a dedicated financial partner in the Triad region, offering a blend of personalized service, advanced banking solutions, and a strong commitment to operational excellence. The bank’s comprehensive approach to commercial and private banking highlights its role as a trusted advisor for local businesses seeking sustainable financial growth.
Triad Business Bank (TBBC) has revised its unaudited financial results for 2024, increasing its allowance for credit loss on a downgraded publicly traded corporate bond from $1.1 million to $2.6 million. This adjustment has resulted in a revised net loss of $4.3 million for the 2024 fiscal year.
Despite the increased loss provision, the bank maintains a strong regulatory capital position of $61.6 million, representing 12.48% of risk-weighted assets as of December 31, 2024.
Triad Business Bank (TBBC) reported a net loss of $1.4 million in Q4 2024, primarily due to a $1.7 million provision for credit losses, including a $1.1 million reserve for a corporate bond. Despite the loss, the bank showed improvement in core operating income, reaching $299,000 in Q4 2024 compared to a loss of $478,000 in Q4 2023.
Key financial metrics include:
- Net interest income increased $376,000 to $3.0 million
- Net interest margin improved to 2.27% from 2.09%
- Total assets grew to $525.2 million
- Loans increased by $39.5 million to $373.7 million
- Total regulatory capital remained strong at $63.1 million (12.78% of risk-weighted assets)
The bank successfully reduced operating expenses, with noninterest expense decreasing $368,000 (11%) year-over-year. Employee count decreased from 62 to 56, and the bank completed a $6.0 million common stock offering in June 2024.
Triad Business Bank (OTC Pink: TBBC) announced its unaudited Q2 2024 results. Key highlights include:
- Raised $6.0 million in additional capital
- Reduced annual operating costs by $2.0 million
- Net loss of $611,000 for Q2 2024
- Loan balances increased by $4.2 million to $363.4 million
- Added 26 new business relationships in Q2
- Shareholders' equity increased $6.5 million
- Total capital levels at 13.3% of risk-weighted assets
The bank aims to achieve profitability in the final two quarters of 2024. Net interest income increased to $2.7 million, while the net interest margin slightly decreased to 2.08%. The bank's loan portfolio grew 18% annualized through the first six months of 2024.
Triad Business Bank (TBBC) announced unaudited first quarter 2024 results, showing a net loss of $101,000, an improvement from the previous quarter. The Bank saw positive trends with increased capital levels, loan balances, and deposit relationships. Management outlined a plan to improve profitability by focusing on core deposits, making strategic loans, and reducing expenses. Despite challenges in 2023, the Bank is committed to enhancing customer service and financial stability.
Triad Business Bank completed its second full year of operations by achieving profitability in two quarters of 2022. The Bank reported net revenue of $12.1 million and core operating earnings of $1.0 million. The fourth quarter of 2022 showed a net income of $79,000, contrasting with a net loss of $537,000 in Q4 2021. Core loans surged 62% to $272.2 million, while total assets rose 19% to $445.1 million. AOCI showed a loss of $20.1 million. Management expects continued growth in loans and deposits and increased profitability in 2023.
Triad Business Bank reported a profitable third quarter of 2022, with net income of $228,000, or $0.03 per diluted share, a significant turnaround from a loss of $101,000 in the previous quarter. Core operating income rose to $449,000, reflecting a $303,000 increase. Loan growth was robust, with core loans increasing by $16.3 million. Total assets and deposits also grew by 3% and 4%, respectively. However, the Bank experienced a temporary $19 million loss in its bond portfolio due to rising interest rates, which will recover as bonds mature.
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