Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.01% | +0.46 | -0.44% |
| Return on Equity (%) | ▲ | 0.10% | +3.33 | -3.23% |
| Net Interest Margin (%) | ▲ | 3.90% | +0.19 | 3.71% |
| Efficiency Ratio (%) | ▲ | 83.06% | -9.21 | 92.27% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.30 | $1 |
| Cost of Funds (%) | ▲ | 1.09% | -0.17 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $774 | +23.10 | $751 |
| Gross Loans ($M) | ▼ | $415 | -1.40 | $417 |
| Loan Growth YoY (%) | ▲ | 66.26% | +2.70 | 63.55% |
| Total Deposits ($M) | ▼ | $607 | -29.12 | $636 |
| Shareholders Equity ($M) | ▲ | $107 | +2.59 | $104 |
| Tang. Book Value ($M) | ▲ | $107 | +2.59 | $104 |
| TBV excl. AOCI ($M)** | ▲ | $121 | +3.98 | $117 |
| Loan / Deposit Ratio (%) | ▲ | 66.26% | +2.70 | 63.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.52% | +1.21 | 2.30% |
| Allowance / Loans (%) | — | 3.12% | 0.18% | 2.94% |
| Net Charge-Off Ratio (%) | ▼ | 6.56% | +2.48 | 4.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 25.63% | +0.00 | 25.62% |
Noninterest income ($1.72M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▄▄▄▆█ | Net Interest Margin (%) | 3.92% | 3.90% | 3.57% | 3.71% | 3.74% | 3.74% | 3.83% | 3.90% |
| ██▁▃▇▆▇▇ | Return on Assets (%) | 0.18% | 0.14% | -0.76% | -0.44% | -0.03% | -0.09% | 0.00% | 0.01% |
| █▇████▅▁ | Efficiency Ratio (%) | 92.2% | 91.3% | 93.2% | 92.3% | 92.5% | 92.5% | 89.4% | 83.1% |
| █▆▆▆▄▄▂▁ | Cost of Funds (%) | 1.33% | 1.26% | 1.25% | 1.26% | 1.20% | 1.21% | 1.14% | 1.09% |
| ▁▃▂▄▇▇██ | NPA / Assets (%) | 1.36% | 1.97% | 1.73% | 2.30% | 3.02% | 3.20% | 3.44% | 3.52% |
| ▁▃▂▄▆▇██ | Net Charge-Off Ratio (%) | 2.52% | 3.56% | 3.15% | 4.08% | 5.35% | 5.97% | 6.36% | 6.56% |
| ▆▁▂▄████ | Tang. Book Value ($M) | $106 | $102 | $103 | $104 | $107 | $108 | $107 | $107 |
| ▁▅▅██▇██ | Gross Loans ($M) | $390 | $407 | $406 | $417 | $417 | $412 | $419 | $415 |
| ▆██▇▅▁▁▁ | Total Deposits ($M) | $632 | $644 | $642 | $636 | $627 | $605 | $608 | $607 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 7% |