Sofia Gurrusquieta
About Sofia Gurrusquieta
Sofia Gurrusquieta (age 31) is Senior Accounting Officer and CRA Officer at Texas Community Bancshares’ subsidiary Broadstreet Bank; she previously served as Compliance Officer and BSA Officer from 2017–2022 and has been employed with the bank since 2012 . She holds a degree in accounting from the University of Texas at Tyler and graduated from the Southwestern Graduate School of Banking at SMU by 2025 (noted as “currently attending” in 2024, “graduate” in 2025) . Company-level performance context: Net income declined from $1.75M in FY2022 to losses in FY2023–FY2024; revenues also deteriorated over the same period (S&P Global, see table) (*).
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenues ($USD) | $1,868,000* | $352,000* | -$1,903,000* |
| Net Income ($USD) | $1,754,000 * | -$733,000 * | -$1,305,000* |
Values retrieved from S&P Global. Asterisks denote values without document citations.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Broadstreet Bank (formerly Mineola Community Bank) | Compliance Officer & BSA Officer | 2017–2022 | Led regulatory compliance and Bank Secrecy Act oversight, underpinning risk management and controls . |
| Broadstreet/Mineola Community Bank | Various roles (early tenure) | 2012–2016 | Progressive responsibilities since 2012, building domain expertise in accounting/compliance . |
External Roles
No public company directorships or external board roles disclosed for Gurrusquieta in TCBS filings. Skip.
Fixed Compensation
Not individually disclosed for Gurrusquieta (not a named executive officer). The proxy’s “named executive officers” (NEOs) include CEO, CFO, COO, and former Chief Lending Officer; their incentive pay is tied to bank net income and tenure, but this section does not provide individual salary/bonus details for Gurrusquieta .
Performance Compensation
Not individually disclosed for Gurrusquieta. Company discloses that executive incentive compensation (for NEOs) is based on Broadstreet Bank net income and executive tenure; no granular metrics, targets, or weightings are provided for Gurrusquieta .
Equity Ownership & Alignment
As of March 27, 2025, Gurrusquieta beneficially owned 9,956 shares (<1% of outstanding), with components across retirement and equity plans; none of the named individuals have pledged shares .
| Metric | As-of Date | Amount | Notes |
|---|---|---|---|
| Total Beneficial Ownership (shares) | Mar 27, 2025 | 9,956 | Less than 1% of 3,061,652 shares outstanding . |
| Ownership % of Outstanding | Mar 27, 2025 | <1% | Based on 3,061,652 shares . |
| Shares in 401(k) | Mar 27, 2025 | 3,150 | Included in beneficial ownership . |
| ESOP Allocated Shares | Mar 27, 2025 | 1,594 | Included in beneficial ownership . |
| Restricted Shares (2022 Plan) | Mar 27, 2025 | 2,606 | Awarded under 2022 Equity Incentive Plan . |
| Options (Exercisable ≤60 days) | Mar 27, 2025 | 2,606 | Included in ownership calculation . |
| Hedging/Pledging | Policy | Hedging prohibited; no pledging reported | Company anti-hedging policy bans derivatives that hedge TCBS stock; no pledges by named individuals . |
Multi-year ownership trend:
| Metric | Mar 31, 2023 | Mar 27, 2025 |
|---|---|---|
| Total Beneficial Ownership (shares) | 6,367 | 9,956 |
| Ownership % of Outstanding | <1% | <1% |
Plan vesting context (company-wide terms for awards granted under the 2022 Equity Incentive Plan):
- Restricted stock and option awards generally vest in five approximately equal installments; first installment vested February 28, 2024 (as detailed for NEO grants; plan provides options, restricted stock, and RSUs) .
Employment Terms
- Employment Agreement: None disclosed for Gurrusquieta in 8-Ks or proxy (employment agreements disclosed for other officers like CFO appointee McCrary, not for Gurrusquieta) .
- Non-compete/Non-solicit: Not individually disclosed for Gurrusquieta; company-wide anti-hedging policy applies to officers .
- Severance/Change-of-Control: Not individually disclosed for Gurrusquieta; the change-in-control and severance terms described in 8-K apply to CFO McCrary’s agreement and should not be imputed to Gurrusquieta .
Investment Implications
- Alignment: Gurrusquieta’s growing stake (6,367→9,956 shares) across 401(k), ESOP, restricted stock, and near-term exercisable options indicates increasing alignment without pledging or hedging—positive for retention and governance .
- Selling Pressure: With a portion of equity in restricted shares and options that vest in multi-year installments under the 2022 plan, vest-driven liquidity events are likely paced over five tranches rather than front-loaded; no specific Form 4 activity is disclosed in filings reviewed .
- Retention Risk: Long tenure (since 2012) and recent advanced credentials (SWGSB graduate) support continuity in regulatory and accounting oversight; absence of an individual employment agreement or disclosed severance reduces contractual “golden handcuff” effects, but ESOP/RS/restricted option vesting contributes to retention .
- Pay-for-Performance Linkage: While her individual incentive metrics are not disclosed, company indicates executive incentives are based on bank net income and tenure for NEOs; given recent negative net income and revenue headwinds, upside payouts may be constrained, tempering cash incentive-driven turnover risk but amplifying the importance of long-term equity alignment (S&P Global values, and proxy disclosure) (*).