Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.41% | +0.31 | 1.10% |
| Return on Equity (%) | ▲ | 21.28% | +0.05 | 21.23% |
| Net Interest Margin (%) | ▲ | 4.41% | +0.45 | 3.96% |
| Efficiency Ratio (%) | ▲ | 71.33% | -3.64 | 74.98% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.17 | $1 |
| Cost of Funds (%) | ▲ | 1.81% | -0.18 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $264 | +7.46 | $256 |
| Gross Loans ($M) | ▲ | $158 | +8.39 | $150 |
| Loan Growth YoY (%) | ▲ | 70.23% | +4.16 | 66.07% |
| Total Deposits ($M) | ▼ | $222 | -1.13 | $223 |
| Shareholders Equity ($M) | ▲ | $17 | +4.09 | $13 |
| Tang. Book Value ($M) | ▲ | $17 | +4.09 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +3.98 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 70.23% | +4.16 | 66.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.44% | -0.06 | 0.50% |
| Allowance / Loans (%) | — | 1.36% | -0.14% | 1.50% |
| Net Charge-Off Ratio (%) | ▲ | 0.69% | -0.16 | 0.86% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.43M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅██ | Net Interest Margin (%) | 3.69% | 3.72% | 3.88% | 3.96% | 4.06% | 4.12% | 4.50% | 4.41% |
| ▅▁▅▄▅▁██ | Return on Assets (%) | 1.13% | 0.71% | 1.11% | 1.10% | 1.14% | 0.78% | 1.49% | 1.41% |
| ▂█▃▄▄█▁▁ | Efficiency Ratio (%) | 72.1% | 80.9% | 73.7% | 75.0% | 74.7% | 79.9% | 70.4% | 71.3% |
| ██▇▄▄▅▁▂ | Cost of Funds (%) | 2.35% | 2.30% | 2.19% | 1.99% | 1.97% | 2.05% | 1.66% | 1.81% |
| ▃▂▁▆▆██▄ | NPA / Assets (%) | 0.38% | 0.33% | 0.29% | 0.50% | 0.52% | 0.59% | 0.62% | 0.44% |
| ▃▂▁▆▇██▄ | Net Charge-Off Ratio (%) | 0.65% | 0.56% | 0.48% | 0.86% | 0.91% | 0.95% | 0.99% | 0.69% |
| ▄▁▁▁▆▇▆█ | Tang. Book Value ($M) | $15 | $13 | $13 | $13 | $16 | $17 | $16 | $17 |
| ▁▃▃▃▃▅▇█ | Gross Loans ($M) | $145 | $149 | $150 | $150 | $149 | $153 | $156 | $158 |
| ▆▆█▇▄▄▁▆ | Total Deposits ($M) | $222 | $222 | $227 | $223 | $217 | $218 | $210 | $222 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 20% |
| Consumer | 7% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 19% |