Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.44% | +0.15 | 1.29% |
| Return on Equity (%) | ▲ | 16.54% | +0.12 | 16.42% |
| Net Interest Margin (%) | ▲ | 4.28% | +0.21 | 4.07% |
| Efficiency Ratio (%) | ▲ | 58.35% | -3.36 | 61.70% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.50 | $2 |
| Cost of Funds (%) | ▲ | 1.03% | -0.09 | 1.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $419 | +29.23 | $390 |
| Gross Loans ($M) | ▲ | $251 | +10.59 | $240 |
| Loan Growth YoY (%) | ▼ | 65.41% | -1.53 | 66.94% |
| Total Deposits ($M) | ▲ | $379 | +24.30 | $355 |
| Shareholders Equity ($M) | ▲ | $38 | +4.74 | $33 |
| Tang. Book Value ($M) | ▲ | $38 | +4.74 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +5.18 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 65.41% | -1.53 | 66.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.64% | -0.16 | 0.80% |
| Allowance / Loans (%) | — | 1.07% | 0.00% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.57% | -0.56 | 1.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.24% | +0.64 | 16.59% |
Noninterest income ($0.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆▆▆▆█ | Net Interest Margin (%) | 3.73% | 3.72% | 3.98% | 4.07% | 4.14% | 4.11% | 4.10% | 4.28% |
| ▁▁▇▇▇▇▇█ | Return on Assets (%) | 0.75% | 0.76% | 1.28% | 1.29% | 1.32% | 1.28% | 1.35% | 1.44% |
| ██▂▂▂▃▁▁ | Efficiency Ratio (%) | 73.9% | 73.9% | 61.1% | 61.7% | 61.9% | 62.4% | 59.2% | 58.3% |
| █▆▄▄▅▂▁▂ | Cost of Funds (%) | 1.26% | 1.18% | 1.12% | 1.12% | 1.15% | 1.04% | 1.00% | 1.03% |
| █▃▅▆█▁▄▁ | NPA / Assets (%) | 0.89% | 0.70% | 0.79% | 0.80% | 0.87% | 0.63% | 0.75% | 0.64% |
| █▆▇▆▇▁▄▁ | Net Charge-Off Ratio (%) | 1.40% | 1.19% | 1.29% | 1.13% | 1.21% | 0.66% | 0.92% | 0.57% |
| ▂▁▃▄▆▇▇█ | Tang. Book Value ($M) | $30 | $29 | $31 | $33 | $35 | $36 | $36 | $38 |
| ▁▁▂▄▅▄▆█ | Gross Loans ($M) | $233 | $232 | $237 | $240 | $242 | $239 | $244 | $251 |
| ▁▆▄▃▂▇█▇ | Total Deposits ($M) | $339 | $370 | $359 | $355 | $347 | $378 | $386 | $379 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 10% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 12% |