Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.22% | +3.16 | -0.93% |
| Return on Equity (%) | ▲ | 24.64% | +34.67 | -10.03% |
| Net Interest Margin (%) | ▲ | 5.43% | +0.13 | 5.30% |
| Efficiency Ratio (%) | ▲ | 59.42% | -11.78 | 71.20% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.78 | $1 |
| Cost of Funds (%) | ▲ | 0.44% | -0.09 | 0.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $261 | +23.82 | $237 |
| Gross Loans ($M) | ▼ | $142 | -12.93 | $155 |
| Loan Growth YoY (%) | ▼ | 60.14% | -11.00 | 71.13% |
| Total Deposits ($M) | ▲ | $234 | +22.27 | $212 |
| Shareholders Equity ($M) | ▲ | $24 | +3.40 | $21 |
| Tang. Book Value ($M) | ▲ | $24 | +3.43 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +3.92 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 60.14% | -11.00 | 71.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -2.06 | 2.07% |
| Allowance / Loans (%) | — | 0.74% | -1.90% | 2.64% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -2.06 | 2.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.79M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▇████ | Net Interest Margin (%) | 4.78% | 4.91% | 5.20% | 5.30% | 5.39% | 5.44% | 5.38% | 5.43% |
| ▆▆▆▁▃▄▇█ | Return on Assets (%) | 1.23% | 1.29% | 1.34% | -0.93% | 0.11% | 0.50% | 1.82% | 2.22% |
| ███▇▆▆▃▁ | Efficiency Ratio (%) | 73.0% | 71.9% | 73.3% | 71.2% | 68.4% | 68.4% | 63.7% | 59.4% |
| ▁▆▆██▄▂▁ | Cost of Funds (%) | 0.43% | 0.49% | 0.50% | 0.53% | 0.52% | 0.47% | 0.45% | 0.44% |
| ▃▃███▃▁▁ | NPA / Assets (%) | 0.69% | 0.73% | 2.14% | 2.07% | 1.97% | 0.73% | 0.05% | 0.01% |
| ▁▁███▁▁▁ | Net Charge-Off Ratio (%) | 0.02% | 0.02% | 2.02% | 2.08% | 2.11% | 0.09% | 0.09% | 0.02% |
| ▄▄▅▁▄▅▆█ | Tang. Book Value ($M) | $22 | $22 | $22 | $20 | $22 | $22 | $22 | $24 |
| ▆▅█▆▅▂▃▁ | Gross Loans ($M) | $154 | $153 | $160 | $155 | $152 | $145 | $147 | $142 |
| ▆▃▁▂▆▇██ | Total Deposits ($M) | $225 | $213 | $205 | $212 | $225 | $227 | $232 | $234 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 15% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 3% |