Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.67% | +0.61 | 1.05% |
| Return on Equity (%) | ▲ | 10.91% | +3.86 | 7.05% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.28 | 3.86% |
| Efficiency Ratio (%) | ▲ | 75.86% | -5.10 | 80.96% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.12 | $3 |
| Cost of Funds (%) | ▲ | 1.69% | -0.12 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $535 | -16.53 | $552 |
| Gross Loans ($M) | ▼ | $431 | -11.63 | $443 |
| Loan Growth YoY (%) | ▼ | 106.09% | -1.05 | 107.14% |
| Total Deposits ($M) | ▼ | $401 | -6.66 | $407 |
| Shareholders Equity ($M) | ▲ | $83 | +1.02 | $82 |
| Tang. Book Value ($M) | ▲ | $79 | +2.77 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +2.87 | $78 |
| Loan / Deposit Ratio (%) | ▼ | 106.09% | -1.05 | 107.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.37% | -0.21 | 0.58% |
| Allowance / Loans (%) | — | 1.47% | -0.03% | 1.50% |
| Net Charge-Off Ratio (%) | ▲ | 0.40% | -0.32 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.77% | -0.21 | 15.98% |
Noninterest income ($6.82M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▆█ | Net Interest Margin (%) | 3.72% | 3.77% | 3.74% | 3.86% | 3.93% | 4.00% | 4.04% | 4.14% |
| ▄▄▁▃▄▄█▇ | Return on Assets (%) | 1.25% | 1.26% | 0.74% | 1.05% | 1.22% | 1.31% | 1.94% | 1.67% |
| ▄▅█▆▅▄▁▃ | Efficiency Ratio (%) | 77.6% | 79.1% | 85.3% | 81.0% | 79.1% | 78.3% | 72.3% | 75.9% |
| ██▅▄▄▄▁▁ | Cost of Funds (%) | 1.98% | 1.94% | 1.84% | 1.81% | 1.81% | 1.82% | 1.69% | 1.69% |
| ▁▂▃█▆▄▄▄ | NPA / Assets (%) | 0.17% | 0.22% | 0.28% | 0.58% | 0.45% | 0.32% | 0.35% | 0.37% |
| ▁▂▃█▆▃▃▄ | Net Charge-Off Ratio (%) | 0.20% | 0.27% | 0.34% | 0.72% | 0.57% | 0.35% | 0.38% | 0.40% |
| ▁▁▂▃▆█▇▇ | Tang. Book Value ($M) | $74 | $74 | $75 | $76 | $78 | $80 | $79 | $79 |
| █▅▅▃▂▄▅▁ | Gross Loans ($M) | $464 | $449 | $448 | $443 | $436 | $444 | $449 | $431 |
| ▅▁▃▅▄██▃ | Total Deposits ($M) | $407 | $391 | $400 | $407 | $407 | $423 | $423 | $401 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 9% |