Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.57% | -2.28 | 0.71% |
| Return on Equity (%) | ▼ | -22.59% | -31.22 | 8.63% |
| Net Interest Margin (%) | ▼ | 3.13% | -0.23 | 3.36% |
| Efficiency Ratio (%) | ▼ | 146.40% | +36.36 | 110.04% |
| Pre-Provision Profit ($M) | ▲ | $-4 | +0.08 | $-4 |
| Cost of Funds (%) | ▲ | 2.29% | -0.49 | 2.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $972 | +109.19 | $863 |
| Gross Loans ($M) | ▲ | $659 | +96.82 | $562 |
| Loan Growth YoY (%) | ▲ | 74.86% | +4.42 | 70.44% |
| Total Deposits ($M) | ▲ | $872 | +83.43 | $789 |
| Shareholders Equity ($M) | ▼ | $66 | -6.43 | $72 |
| Tang. Book Value ($M) | ▼ | $64 | -6.17 | $70 |
| TBV excl. AOCI ($M)** | ▼ | $66 | -6.19 | $72 |
| Loan / Deposit Ratio (%) | ▲ | 74.86% | +4.42 | 70.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 5.53% | +2.86 | 2.67% |
| Allowance / Loans (%) | — | 0.99% | -0.26% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 8.15% | +4.06 | 4.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 9.74% | +9.74 | 0.00% |
Noninterest income ($1.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▇█▄▄▄▁▂ | Net Interest Margin (%) | 3.55% | 3.58% | 3.77% | 3.36% | 3.37% | 3.37% | 3.00% | 3.13% |
| █▅▅▅▄▄▁▁ | Return on Assets (%) | 2.30% | 0.45% | 0.69% | 0.71% | 0.31% | 0.27% | -1.55% | -1.57% |
| ▁▁▂▅▅▅██ | Efficiency Ratio (%) | 58.5% | 67.5% | 74.1% | 110.0% | 111.8% | 103.8% | 147.8% | 146.4% |
| █▅▆▅▆▂▁▁ | Cost of Funds (%) | 3.16% | 2.79% | 2.92% | 2.78% | 2.85% | 2.48% | 2.35% | 2.29% |
| ▁▂▃▃▂▂▆█ | NPA / Assets (%) | 1.69% | 2.17% | 2.85% | 2.67% | 2.20% | 2.64% | 4.09% | 5.53% |
| ▁▂▃▃▂▃▇█ | Net Charge-Off Ratio (%) | 2.34% | 3.31% | 4.44% | 4.09% | 3.40% | 4.18% | 7.29% | 8.15% |
| █▅▆▇▇█▄▁ | Tang. Book Value ($M) | $72 | $68 | $69 | $70 | $70 | $71 | $67 | $64 |
| ▃▁▁▁▁▅▃█ | Gross Loans ($M) | $590 | $561 | $557 | $562 | $568 | $610 | $583 | $659 |
| ▁▁▂▂▂▆█▅ | Total Deposits ($M) | $758 | $779 | $792 | $789 | $802 | $889 | $967 | $872 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 29% |
| C&I / Commercial | 62% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 28% |