Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.81% | +0.09 | 0.71% |
| Return on Equity (%) | ▲ | 11.87% | +0.17 | 11.70% |
| Net Interest Margin (%) | ▲ | 3.54% | +0.17 | 3.37% |
| Efficiency Ratio (%) | ▲ | 70.77% | -1.17 | 71.94% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.08 | $1 |
| Cost of Funds (%) | ▲ | 2.12% | -0.02 | 2.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $389 | -0.92 | $389 |
| Gross Loans ($M) | ▲ | $270 | +1.30 | $269 |
| Loan Growth YoY (%) | ▼ | 82.30% | -3.80 | 86.10% |
| Total Deposits ($M) | ▲ | $324 | +15.55 | $308 |
| Shareholders Equity ($M) | ▲ | $27 | +2.58 | $24 |
| Tang. Book Value ($M) | ▲ | $27 | +2.58 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +2.24 | $28 |
| Loan / Deposit Ratio (%) | ▼ | 82.30% | -3.80 | 86.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.43% | -0.09 | 0.53% |
| Allowance / Loans (%) | — | 1.32% | 0.07% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.62% | +0.01 | 0.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.51% | +0.34 | 12.17% |
Noninterest income ($0.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▇█▇█ | Net Interest Margin (%) | 3.10% | 3.14% | 3.26% | 3.37% | 3.47% | 3.51% | 3.47% | 3.54% |
| ▁▁▄▇█▇▇█ | Return on Assets (%) | 0.39% | 0.42% | 0.57% | 0.71% | 0.81% | 0.71% | 0.72% | 0.81% |
| ██▅▂▁▃▃▁ | Efficiency Ratio (%) | 80.7% | 79.8% | 75.6% | 71.9% | 69.6% | 73.3% | 73.1% | 70.8% |
| ▃▇▃▃▇██▁ | Cost of Funds (%) | 2.14% | 2.19% | 2.15% | 2.14% | 2.19% | 2.21% | 2.20% | 2.12% |
| ▆█▆▃▄▁▂▂ | NPA / Assets (%) | 0.71% | 0.83% | 0.66% | 0.53% | 0.58% | 0.36% | 0.44% | 0.43% |
| ▆█▅▂▁▁▂▂ | Net Charge-Off Ratio (%) | 0.88% | 1.07% | 0.80% | 0.61% | 0.56% | 0.52% | 0.65% | 0.62% |
| ▄▁▃▅▇███ | Tang. Book Value ($M) | $24 | $21 | $23 | $24 | $26 | $26 | $27 | $27 |
| ▁▁▃█████ | Gross Loans ($M) | $244 | $246 | $253 | $269 | $269 | $270 | $268 | $270 |
| ▁▃▁▄▄▆██ | Total Deposits ($M) | $296 | $301 | $292 | $308 | $307 | $314 | $327 | $324 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 10% |