Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.77% | +0.03 | 0.74% |
| Return on Equity (%) | ▼ | 9.47% | -0.16 | 9.63% |
| Net Interest Margin (%) | ▲ | 3.00% | +0.04 | 2.95% |
| Efficiency Ratio (%) | ▲ | 75.04% | -1.06 | 76.11% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.14 | $0 |
| Cost of Funds (%) | ▼ | 0.94% | +0.04 | 0.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $284 | +23.31 | $261 |
| Gross Loans ($M) | ▲ | $102 | +6.47 | $96 |
| Loan Growth YoY (%) | ▲ | 40.26% | +0.61 | 39.65% |
| Total Deposits ($M) | ▲ | $251 | +12.59 | $239 |
| Shareholders Equity ($M) | ▲ | $23 | +2.89 | $20 |
| Tang. Book Value ($M) | ▲ | $23 | +2.89 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +2.84 | $27 |
| Loan / Deposit Ratio (%) | ▲ | 40.26% | +0.61 | 39.65% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.03 | 0.24% |
| Allowance / Loans (%) | — | 1.13% | -0.14% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.75% | +0.11 | 0.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -29.58 | 29.58% |
Noninterest income ($0.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▂▃▇█▁▆ | Net Interest Margin (%) | 2.93% | 2.90% | 2.93% | 2.95% | 3.02% | 3.04% | 2.91% | 3.00% |
| █▆▅▃▄▆▁▄ | Return on Assets (%) | 0.85% | 0.81% | 0.77% | 0.74% | 0.77% | 0.80% | 0.69% | 0.77% |
| ▁▂▅▇▆▅█▅ | Efficiency Ratio (%) | 72.0% | 73.2% | 75.1% | 76.1% | 75.6% | 75.2% | 77.2% | 75.0% |
| ██▃▂▁▁▂▄ | Cost of Funds (%) | 1.01% | 1.02% | 0.91% | 0.91% | 0.87% | 0.88% | 0.91% | 0.94% |
| ▂▁▁▄▆█▅▅ | NPA / Assets (%) | 0.17% | 0.13% | 0.15% | 0.24% | 0.27% | 0.36% | 0.27% | 0.27% |
| ▂▁▁▅▆█▇▆ | Net Charge-Off Ratio (%) | 0.47% | 0.35% | 0.41% | 0.65% | 0.73% | 0.93% | 0.79% | 0.75% |
| ▁▁▃▄▅▆▇█ | Tang. Book Value ($M) | $19 | $19 | $20 | $20 | $21 | $22 | $23 | $23 |
| ▁▁▂▄▅█▆█ | Gross Loans ($M) | $90 | $90 | $93 | $96 | $97 | $102 | $99 | $102 |
| ▁▂▄▃▃▂█▇ | Total Deposits ($M) | $228 | $234 | $240 | $239 | $237 | $232 | $258 | $251 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 5% |
| Consumer | 11% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 8% |