Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.06% | -0.02 | 2.08% |
| Return on Equity (%) | ▼ | 38.48% | -10.10 | 48.58% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.14 | 3.88% |
| Efficiency Ratio (%) | ▼ | 51.79% | +0.92 | 50.87% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.28 | $4 |
| Cost of Funds (%) | ▲ | 0.75% | -0.11 | 0.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $804 | +26.52 | $778 |
| Gross Loans ($M) | ▲ | $315 | +5.13 | $309 |
| Loan Growth YoY (%) | ▼ | 44.52% | -0.04 | 44.55% |
| Total Deposits ($M) | ▲ | $697 | +11.68 | $686 |
| Shareholders Equity ($M) | ▲ | $41 | +3.09 | $38 |
| Tang. Book Value ($M) | ▲ | $41 | +3.09 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +5.02 | $56 |
| Loan / Deposit Ratio (%) | ▼ | 44.52% | -0.04 | 44.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.34 | 0.35% |
| Allowance / Loans (%) | — | 1.28% | 0.04% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.86 | 0.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.62% | -0.31 | 17.93% |
Noninterest income ($1.43M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇▇▇███ | Net Interest Margin (%) | 3.29% | 3.41% | 3.89% | 3.88% | 3.92% | 3.95% | 3.97% | 4.01% |
| ▇▁████▇█ | Return on Assets (%) | 1.88% | 0.99% | 2.11% | 2.08% | 2.09% | 2.07% | 1.95% | 2.06% |
| ▁▁▃▄▃▆█▇ | Efficiency Ratio (%) | 49.3% | 49.6% | 50.3% | 50.9% | 50.4% | 51.5% | 52.5% | 51.8% |
| █▆▃▃▃▂▁▁ | Cost of Funds (%) | 1.14% | 1.00% | 0.85% | 0.86% | 0.82% | 0.81% | 0.72% | 0.75% |
| ▂▂▂██▁▁▁ | NPA / Assets (%) | 0.07% | 0.07% | 0.08% | 0.35% | 0.35% | 0.00% | 0.01% | 0.01% |
| ▂▂▂██▁▁▁ | Net Charge-Off Ratio (%) | 0.19% | 0.19% | 0.21% | 0.88% | 0.86% | 0.00% | 0.02% | 0.02% |
| ▄▁▄▅▇█▇▇ | Tang. Book Value ($M) | $36 | $27 | $36 | $38 | $42 | $44 | $42 | $41 |
| ▁▅▇▅█▄▇█ | Gross Loans ($M) | $303 | $309 | $312 | $309 | $315 | $308 | $313 | $315 |
| ▅█▃▄▃▁▅▆ | Total Deposits ($M) | $691 | $706 | $684 | $686 | $683 | $673 | $693 | $697 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 16% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 5% |