Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.14% | -0.45 | 1.59% |
| Return on Equity (%) | ▼ | 6.80% | -1.92 | 8.72% |
| Net Interest Margin (%) | ▼ | 4.03% | -0.03 | 4.06% |
| Efficiency Ratio (%) | ▼ | 65.86% | +17.24 | 48.62% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.37 | $2 |
| Cost of Funds (%) | ▲ | 2.73% | -0.31 | 3.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $333 | +49.59 | $284 |
| Gross Loans ($M) | ▲ | $248 | +35.32 | $213 |
| Loan Growth YoY (%) | ▼ | 89.21% | -1.84 | 91.06% |
| Total Deposits ($M) | ▲ | $275 | +43.94 | $231 |
| Shareholders Equity ($M) | ▲ | $55 | +5.38 | $50 |
| Tang. Book Value ($M) | ▲ | $45 | +5.05 | $40 |
| Loan / Deposit Ratio (%) | ▼ | 89.21% | -1.84 | 91.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.20% | +0.20 | 0.00% |
| Allowance / Loans (%) | — | 1.20% | -0.03% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.27 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.38% | -0.65 | 19.03% |
Noninterest income ($1.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▅▂▄▄▅▁▃ | Net Interest Margin (%) | 4.40% | 4.11% | 3.94% | 4.06% | 4.08% | 4.14% | 3.82% | 4.03% |
| ▃▂▆█▇█▁▅ | Return on Assets (%) | 0.66% | 0.49% | 1.26% | 1.59% | 1.51% | 1.73% | 0.20% | 1.14% |
| ▆▆▁▁▁▁█▄ | Efficiency Ratio (%) | 75.8% | 73.3% | 50.0% | 48.6% | 51.7% | 49.3% | 87.9% | 65.9% |
| █▆▅▅▅▅▂▁ | Cost of Funds (%) | 3.27% | 3.11% | 3.02% | 3.04% | 3.03% | 3.00% | 2.81% | 2.73% |
| ▁▂▁▁▁▁██ | NPA / Assets (%) | 0.00% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.21% | 0.20% |
| ▁▂▁▁▁▁██ | Net Charge-Off Ratio (%) | 0.00% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.26% | 0.27% |
| ▁▄▆▇▇███ | Tang. Book Value ($M) | $22 | $32 | $39 | $40 | $41 | $43 | $44 | $45 |
| ▁▃▅▆▇███ | Gross Loans ($M) | $126 | $167 | $193 | $213 | $233 | $243 | $253 | $248 |
| ▁▂▄▆▆▇▇█ | Total Deposits ($M) | $156 | $181 | $208 | $231 | $240 | $257 | $259 | $275 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 29% |