Third Coast Bancshares, Inc. Reports Net Charge-Offs for the Fourth Quarter of 2023
January 26, 2024 at 09:30 pm IST
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Third Coast Bancshares, Inc. reported net charge-offs for the fourth quarter of 2023. Net charge-offs of $1.5 million for the quarter were primarily the result of the charge-off of one C&I revolving line of credit.
Third Coast Bancshares, Inc. is a bank holding company. The Company operates through its wholly owned subsidiary, the Bank, and the Bankâs wholly owned subsidiary, Third Coast Commercial Capital, Inc. It focuses on providing commercial banking solutions to small and medium-sized businesses and professionals with operations in its markets. The Banks deposits include checking accounts, money market accounts, savings accounts, a variety of certificates of deposit and individual retirement accounts. It provides a range of banking services, such as retail and commercial online banking platforms, mobile banking apps, debit cards, credit cards, a suite of treasury management solutions, merchant card services and customer digital solutions. The Banks investment portfolio includes state and municipal securities, mortgage-backed securities, agency collateralized mortgage obligations, United States treasury bonds, and corporate bonds. It conducts banking operations through 15 branches.
THIRD COAST BANCSHARES, INC. 
