Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.93% | +0.56 | 0.37% |
| Return on Equity (%) | ▲ | 11.74% | +6.78 | 4.96% |
| Net Interest Margin (%) | ▲ | 3.79% | +0.48 | 3.31% |
| Efficiency Ratio (%) | ▲ | 70.13% | -7.42 | 77.55% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.44 | $1 |
| Cost of Funds (%) | ▲ | 1.61% | -0.37 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $391 | +14.23 | $377 |
| Gross Loans ($M) | ▼ | $295 | -2.08 | $297 |
| Loan Growth YoY (%) | ▼ | 81.43% | -3.74 | 85.17% |
| Total Deposits ($M) | ▲ | $357 | +13.50 | $343 |
| Shareholders Equity ($M) | ▲ | $31 | +2.38 | $29 |
| Tang. Book Value ($M) | ▲ | $31 | +2.38 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +2.56 | $30 |
| Loan / Deposit Ratio (%) | ▼ | 81.43% | -3.74 | 85.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.58% | -0.54 | 2.12% |
| Allowance / Loans (%) | — | 1.49% | -0.07% | 1.56% |
| Net Charge-Off Ratio (%) | ▲ | 2.10% | -0.59 | 2.69% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.76% | -0.15 | 12.91% |
Noninterest income ($0.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅██ | Net Interest Margin (%) | 3.10% | 3.14% | 3.18% | 3.31% | 3.39% | 3.47% | 3.73% | 3.79% |
| ▃▂▄▁▂▂██ | Return on Assets (%) | 0.54% | 0.47% | 0.61% | 0.37% | 0.46% | 0.46% | 0.89% | 0.93% |
| ██▆▇▇▇▁▁ | Efficiency Ratio (%) | 79.7% | 79.6% | 77.0% | 77.5% | 77.5% | 77.7% | 70.4% | 70.1% |
| ██▆▅▄▃▁▁ | Cost of Funds (%) | 2.24% | 2.20% | 2.07% | 1.98% | 1.92% | 1.82% | 1.65% | 1.61% |
| ▁▃▄██▆▆▃ | NPA / Assets (%) | 1.28% | 1.62% | 1.69% | 2.12% | 2.20% | 1.94% | 1.96% | 1.58% |
| ▁▃▄██▆▇▄ | Net Charge-Off Ratio (%) | 1.63% | 2.05% | 2.17% | 2.69% | 2.84% | 2.50% | 2.59% | 2.10% |
| ▅▁▃▂▅▆▇█ | Tang. Book Value ($M) | $30 | $28 | $29 | $29 | $30 | $30 | $30 | $31 |
| █▇▅▄▁▁▁▃ | Gross Loans ($M) | $304 | $302 | $298 | $297 | $291 | $292 | $292 | $295 |
| ▁▁▄▂▁▁▆█ | Total Deposits ($M) | $341 | $341 | $349 | $343 | $341 | $341 | $351 | $357 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 6% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 12% |