Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.48% | +0.12 | 0.36% |
| Return on Equity (%) | ▲ | 4.86% | +1.08 | 3.78% |
| Net Interest Margin (%) | ▲ | 3.08% | +0.33 | 2.75% |
| Efficiency Ratio (%) | ▲ | 80.89% | -5.00 | 85.89% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.24 | $1 |
| Cost of Funds (%) | ▲ | 2.25% | -0.36 | 2.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $820 | -10.48 | $830 |
| Gross Loans ($M) | ▼ | $668 | -5.35 | $673 |
| Loan Growth YoY (%) | ▲ | 98.62% | +1.69 | 96.93% |
| Total Deposits ($M) | ▼ | $669 | -16.25 | $685 |
| Shareholders Equity ($M) | ▼ | $81 | -1.02 | $82 |
| Tang. Book Value ($M) | ▼ | $80 | -1.01 | $81 |
| TBV excl. AOCI ($M)** | ▼ | $86 | -1.13 | $88 |
| Loan / Deposit Ratio (%) | ▲ | 98.62% | +1.69 | 96.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.88% | -0.68 | 1.56% |
| Allowance / Loans (%) | — | 1.18% | -0.12% | 1.31% |
| Net Charge-Off Ratio (%) | ▲ | 1.08% | -0.85 | 1.92% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.29% | +0.09 | 12.19% |
Noninterest income ($1.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅██ | Net Interest Margin (%) | 2.53% | 2.54% | 2.68% | 2.75% | 2.80% | 2.83% | 3.03% | 3.08% |
| █▇▁▁▂▁▂▃ | Return on Assets (%) | 0.88% | 0.74% | 0.29% | 0.36% | 0.42% | 0.30% | 0.39% | 0.48% |
| ▁▂█▇▇▇▅▅ | Efficiency Ratio (%) | 72.4% | 76.4% | 88.5% | 85.9% | 84.5% | 84.8% | 81.4% | 80.9% |
| █▇▅▄▃▃▁▁ | Cost of Funds (%) | 2.99% | 2.86% | 2.62% | 2.61% | 2.45% | 2.47% | 2.25% | 2.25% |
| ▁▁▁█▅▅▄▂ | NPA / Assets (%) | 0.67% | 0.69% | 0.68% | 1.56% | 1.18% | 1.20% | 1.09% | 0.88% |
| ▁▁▁█▅▅▄▃ | Net Charge-Off Ratio (%) | 0.78% | 0.81% | 0.83% | 1.92% | 1.47% | 1.46% | 1.33% | 1.08% |
| █▁▂▄▆▃▃▃ | Tang. Book Value ($M) | $86 | $78 | $80 | $81 | $83 | $80 | $81 | $80 |
| █▆▄▂▁▂▂▁ | Gross Loans ($M) | $727 | $710 | $692 | $673 | $663 | $675 | $676 | $668 |
| █▃▃▂▄▁▂▁ | Total Deposits ($M) | $755 | $694 | $693 | $685 | $702 | $663 | $679 | $669 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 14% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 17% |