Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.46% | +0.31 | 2.15% |
| Return on Equity (%) | ▲ | 17.46% | +1.24 | 16.22% |
| Net Interest Margin (%) | ▲ | 4.15% | +0.17 | 3.98% |
| Efficiency Ratio (%) | ▼ | 44.97% | +4.49 | 40.48% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.37 | $3 |
| Cost of Funds (%) | ▲ | 1.02% | -0.11 | 1.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $453 | +19.47 | $434 |
| Gross Loans ($M) | ▲ | $254 | +7.93 | $246 |
| Loan Growth YoY (%) | ▼ | 64.67% | -0.33 | 65.00% |
| Total Deposits ($M) | ▲ | $388 | +14.47 | $373 |
| Shareholders Equity ($M) | ▲ | $64 | +4.87 | $59 |
| Tang. Book Value ($M) | ▲ | $60 | +4.87 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +5.50 | $61 |
| Loan / Deposit Ratio (%) | ▼ | 64.67% | -0.33 | 65.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.37% | -1.24 | 1.61% |
| Allowance / Loans (%) | — | 1.40% | -0.13% | 1.53% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -2.80 | 2.83% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▆▇███ | Net Interest Margin (%) | 3.61% | 3.67% | 3.79% | 3.98% | 4.03% | 4.09% | 4.12% | 4.15% |
| ▃▃▁▅▇█▇█ | Return on Assets (%) | 1.99% | 1.98% | 1.77% | 2.15% | 2.31% | 2.41% | 2.35% | 2.46% |
| █▇▄▁▁▁▇▅ | Efficiency Ratio (%) | 49.2% | 47.9% | 43.9% | 40.5% | 40.9% | 41.2% | 47.3% | 45.0% |
| ██▅▄▅▄▂▁ | Cost of Funds (%) | 1.27% | 1.25% | 1.16% | 1.13% | 1.15% | 1.13% | 1.05% | 1.02% |
| ▁▂█▇▂▂▂▂ | NPA / Assets (%) | 0.10% | 0.50% | 1.90% | 1.61% | 0.45% | 0.45% | 0.38% | 0.37% |
| ▁▂█▇▂▂▁▁ | Net Charge-Off Ratio (%) | 0.16% | 0.80% | 3.25% | 2.83% | 0.79% | 0.78% | 0.04% | 0.02% |
| ▁▁▂▄▆▇██ | Tang. Book Value ($M) | $52 | $52 | $53 | $55 | $58 | $59 | $59 | $60 |
| ██▄▁▃▅▄▄ | Gross Loans ($M) | $263 | $263 | $254 | $246 | $251 | $256 | $254 | $254 |
| ▁▃▅▄▅▅██ | Total Deposits ($M) | $360 | $368 | $375 | $373 | $377 | $374 | $385 | $388 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 4% |
| Consumer | 3% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 90% |
| Brokered / Other | 7% |