Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.11 | 1.08% |
| Return on Equity (%) | ▼ | 10.32% | -0.42 | 10.74% |
| Net Interest Margin (%) | ▲ | 4.06% | +0.53 | 3.52% |
| Efficiency Ratio (%) | ▲ | 64.37% | -1.26 | 65.63% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.10 | $1 |
| Cost of Funds (%) | ▲ | 1.48% | -0.27 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $343 | -4.12 | $348 |
| Gross Loans ($M) | ▲ | $235 | +8.39 | $226 |
| Loan Growth YoY (%) | ▲ | 77.01% | +4.82 | 72.19% |
| Total Deposits ($M) | ▼ | $301 | -8.49 | $310 |
| Shareholders Equity ($M) | ▲ | $40 | +4.41 | $36 |
| Tang. Book Value ($M) | ▲ | $40 | +4.44 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +4.59 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 77.01% | +4.82 | 72.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.05 | 0.05% |
| Allowance / Loans (%) | — | 1.22% | -0.05% | 1.27% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.08 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.30% | +0.63 | 17.67% |
Noninterest income ($0.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▃▄▅██ | Net Interest Margin (%) | 3.44% | 3.47% | 3.32% | 3.52% | 3.70% | 3.79% | 4.10% | 4.06% |
| ▃▃▁▆▇▇██ | Return on Assets (%) | 0.89% | 0.92% | 0.79% | 1.08% | 1.13% | 1.13% | 1.18% | 1.19% |
| ▅▅█▃▁▁▂▁ | Efficiency Ratio (%) | 68.0% | 67.6% | 70.7% | 65.6% | 64.5% | 63.7% | 64.8% | 64.4% |
| ███▆▂▁▁▁ | Cost of Funds (%) | 1.87% | 1.82% | 1.82% | 1.76% | 1.57% | 1.50% | 1.48% | 1.48% |
| ▂█▁▁▁▁▁▁ | NPA / Assets (%) | 0.13% | 1.00% | 0.02% | 0.05% | 0.02% | 0.02% | 0.00% | 0.00% |
| ▁█▃▆▃▃▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.10% | 0.03% | 0.08% | 0.03% | 0.03% | 0.00% | 0.00% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $35 | $34 | $35 | $36 | $37 | $38 | $39 | $40 |
| ▅▁▁▄▄▆▇█ | Gross Loans ($M) | $228 | $222 | $221 | $226 | $226 | $230 | $231 | $235 |
| ▄▃█▆▄▁▅▄ | Total Deposits ($M) | $298 | $296 | $318 | $310 | $299 | $286 | $302 | $301 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 8% |