Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.94% | +0.50 | 2.44% |
| Return on Equity (%) | ▲ | 23.27% | +0.34 | 22.93% |
| Net Interest Margin (%) | ▲ | 4.13% | +0.46 | 3.67% |
| Efficiency Ratio (%) | ▲ | 39.35% | -1.00 | 40.35% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.39 | $5 |
| Cost of Funds (%) | ▲ | 2.08% | -0.28 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $649 | -13.98 | $662 |
| Gross Loans ($M) | ▲ | $546 | +5.10 | $541 |
| Loan Growth YoY (%) | ▲ | 104.97% | +4.85 | 100.12% |
| Total Deposits ($M) | ▼ | $513 | -20.24 | $534 |
| Shareholders Equity ($M) | ▲ | $85 | +10.48 | $75 |
| Tang. Book Value ($M) | ▲ | $83 | +10.38 | $73 |
| Loan / Deposit Ratio (%) | ▲ | 104.97% | +4.85 | 100.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.99% | +0.02 | 0.97% |
| Allowance / Loans (%) | — | 1.36% | 0.07% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 1.06% | -0.01 | 1.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▃▁▂▃▅██ | Net Interest Margin (%) | 3.70% | 3.74% | 3.60% | 3.67% | 3.79% | 3.88% | 4.11% | 4.13% |
| ▁▁▃▅▆▆██ | Return on Assets (%) | 1.91% | 2.01% | 2.24% | 2.44% | 2.56% | 2.59% | 2.85% | 2.94% |
| ▆█▄▃▁▅▂▁ | Efficiency Ratio (%) | 41.7% | 42.8% | 40.9% | 40.4% | 39.7% | 41.2% | 39.9% | 39.4% |
| █▇▅▆▅▃▂▁ | Cost of Funds (%) | 2.46% | 2.38% | 2.28% | 2.36% | 2.28% | 2.20% | 2.13% | 2.08% |
| ▃▁▂▁▁█▁▁ | NPA / Assets (%) | 1.10% | 0.95% | 1.03% | 0.97% | 0.94% | 1.48% | 0.96% | 0.99% |
| ▂▁▂▁▁█▁▁ | Net Charge-Off Ratio (%) | 1.14% | 1.06% | 1.17% | 1.07% | 1.01% | 1.68% | 1.02% | 1.06% |
| ▁▁▃▄▅▆▇█ | Tang. Book Value ($M) | $65 | $67 | $70 | $73 | $76 | $79 | $80 | $83 |
| █▃▃▁▄▁▃▃ | Gross Loans ($M) | $566 | $548 | $547 | $541 | $552 | $540 | $546 | $546 |
| ▁██▄▆▁▄▁ | Total Deposits ($M) | $515 | $553 | $556 | $534 | $541 | $518 | $531 | $513 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 16% |