Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.17% | +0.69 | 1.48% |
| Return on Equity (%) | ▲ | 23.09% | +5.69 | 17.40% |
| Net Interest Margin (%) | ▲ | 5.84% | +0.10 | 5.74% |
| Efficiency Ratio (%) | ▲ | 65.33% | -8.96 | 74.29% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.00 | $2 |
| Cost of Funds (%) | ▲ | 1.26% | -0.17 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $342 | -7.55 | $350 |
| Gross Loans ($M) | ▼ | $291 | -4.76 | $296 |
| Loan Growth YoY (%) | ▲ | 93.87% | +1.58 | 92.29% |
| Total Deposits ($M) | ▼ | $307 | -10.46 | $318 |
| Shareholders Equity ($M) | ▲ | $34 | +3.77 | $30 |
| Tang. Book Value ($M) | ▲ | $33 | +3.82 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +3.84 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 93.87% | +1.58 | 92.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.19% | +1.04 | 1.16% |
| Allowance / Loans (%) | — | 1.03% | 0.03% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 2.52% | +1.16 | 1.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.25% | +1.54 | 10.71% |
Noninterest income ($2.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▁▅▆███ | Net Interest Margin (%) | 5.71% | 5.75% | 5.61% | 5.74% | 5.77% | 5.87% | 5.84% | 5.84% |
| ▄▁▁▂▂▃█▇ | Return on Assets (%) | 1.63% | 1.32% | 1.21% | 1.48% | 1.39% | 1.61% | 2.31% | 2.17% |
| ▅▅█▆▆▅▂▁ | Efficiency Ratio (%) | 71.8% | 72.6% | 77.7% | 74.3% | 74.6% | 71.7% | 68.2% | 65.3% |
| ▇█▅▇▃▃▁▂ | Cost of Funds (%) | 1.44% | 1.47% | 1.37% | 1.43% | 1.30% | 1.29% | 1.21% | 1.26% |
| ▂▁▂▁▇▂▁█ | NPA / Assets (%) | 1.28% | 1.08% | 1.27% | 1.16% | 1.99% | 1.33% | 1.05% | 2.19% |
| ▂▁▂▁█▃▁█ | Net Charge-Off Ratio (%) | 1.55% | 1.27% | 1.51% | 1.37% | 2.39% | 1.57% | 1.24% | 2.52% |
| ▂▁▂▁▁▅▇█ | Tang. Book Value ($M) | $30 | $30 | $30 | $29 | $29 | $32 | $32 | $33 |
| ▅▆█▅▁▆▆▃ | Gross Loans ($M) | $298 | $301 | $307 | $296 | $284 | $301 | $301 | $291 |
| ▆▄█▄▁▅▅▁ | Total Deposits ($M) | $327 | $320 | $335 | $318 | $308 | $322 | $323 | $307 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 22% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 6% |