Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.89% | -0.26 | 2.14% |
| Return on Equity (%) | ▼ | 13.47% | -3.09 | 16.56% |
| Net Interest Margin (%) | ▼ | 6.40% | -0.35 | 6.75% |
| Efficiency Ratio (%) | ▼ | 63.72% | +4.41 | 59.32% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.18 | $2 |
| Cost of Funds (%) | ▲ | 1.18% | -0.05 | 1.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $218 | +7.53 | $210 |
| Gross Loans ($M) | ▲ | $121 | +5.67 | $115 |
| Loan Growth YoY (%) | ▲ | 64.31% | +1.48 | 62.83% |
| Total Deposits ($M) | ▲ | $183 | +4.55 | $179 |
| Shareholders Equity ($M) | ▲ | $31 | +2.96 | $28 |
| Tang. Book Value ($M) | ▲ | $31 | +2.96 | $28 |
| Loan / Deposit Ratio (%) | ▲ | 64.31% | +1.48 | 62.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.41% | +0.37 | 1.03% |
| Allowance / Loans (%) | — | 2.27% | -0.02% | 2.29% |
| Net Charge-Off Ratio (%) | ▼ | 2.39% | +0.50 | 1.89% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.76M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▅▅▅▁▁ | Net Interest Margin (%) | 7.02% | 6.95% | 6.68% | 6.75% | 6.74% | 6.72% | 6.37% | 6.40% |
| █▇▂▄▅▄▁▂ | Return on Assets (%) | 2.50% | 2.39% | 1.95% | 2.14% | 2.22% | 2.07% | 1.79% | 1.89% |
| ▁▂▅▃▃▅█▇ | Efficiency Ratio (%) | 56.8% | 58.5% | 61.8% | 59.3% | 58.9% | 61.3% | 65.0% | 63.7% |
| ██▅▅▅▃▁▃ | Cost of Funds (%) | 1.29% | 1.29% | 1.23% | 1.23% | 1.22% | 1.18% | 1.14% | 1.18% |
| ▂▁▄▄██▆▇ | NPA / Assets (%) | 0.74% | 0.62% | 1.00% | 1.03% | 1.51% | 1.61% | 1.27% | 1.41% |
| ▁▁▄▄██▆▆ | Net Charge-Off Ratio (%) | 1.29% | 1.12% | 1.85% | 1.89% | 2.75% | 2.87% | 2.26% | 2.39% |
| ▂▁▂▄▆▅▇█ | Tang. Book Value ($M) | $27 | $26 | $27 | $28 | $30 | $29 | $30 | $31 |
| ▁▁▁▃▃▁▂█ | Gross Loans ($M) | $113 | $113 | $113 | $115 | $115 | $114 | $114 | $121 |
| ▁▅▇▅▅▇██ | Total Deposits ($M) | $170 | $178 | $181 | $179 | $178 | $181 | $185 | $183 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 11% |
| Consumer | 6% |
| Other | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 7% |