Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.78% | -0.41 | 2.19% |
| Return on Equity (%) | ▼ | 13.33% | -4.56 | 17.89% |
| Net Interest Margin (%) | ▲ | 4.84% | +0.19 | 4.65% |
| Efficiency Ratio (%) | ▼ | 58.22% | +5.27 | 52.95% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.39 | $4 |
| Cost of Funds (%) | ▲ | 1.63% | -0.19 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $566 | +37.73 | $528 |
| Gross Loans ($M) | ▲ | $353 | +26.32 | $327 |
| Loan Growth YoY (%) | ▲ | 71.79% | +1.01 | 70.78% |
| Total Deposits ($M) | ▲ | $481 | +29.50 | $452 |
| Shareholders Equity ($M) | ▲ | $76 | +7.68 | $68 |
| Tang. Book Value ($M) | ▲ | $76 | +7.69 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $83 | +7.22 | $76 |
| Loan / Deposit Ratio (%) | ▲ | 71.79% | +1.01 | 70.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.08% | +0.26 | 0.82% |
| Allowance / Loans (%) | — | 2.19% | -0.01% | 2.19% |
| Net Charge-Off Ratio (%) | ▼ | 1.69% | +0.43 | 1.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▇███ | Net Interest Margin (%) | 4.51% | 4.53% | 4.49% | 4.65% | 4.76% | 4.85% | 4.82% | 4.84% |
| ▃▁███▃▄▄ | Return on Assets (%) | 1.67% | 1.37% | 2.22% | 2.19% | 2.14% | 1.62% | 1.77% | 1.78% |
| ▅█▁▁▁▆▆▅ | Efficiency Ratio (%) | 59.2% | 63.1% | 52.6% | 52.9% | 53.7% | 59.4% | 59.3% | 58.2% |
| ▆▄▆█▂▂▁▁ | Cost of Funds (%) | 1.75% | 1.71% | 1.77% | 1.82% | 1.66% | 1.65% | 1.62% | 1.63% |
| ▇██▃▁▆▅▆ | NPA / Assets (%) | 1.14% | 1.24% | 1.18% | 0.82% | 0.64% | 1.06% | 0.94% | 1.08% |
| ▇█▃▃▁▅▅▆ | Net Charge-Off Ratio (%) | 1.85% | 1.98% | 1.31% | 1.26% | 0.98% | 1.58% | 1.52% | 1.69% |
| ▃▁▃▄▇▆▇█ | Tang. Book Value ($M) | $67 | $63 | $66 | $68 | $73 | $72 | $73 | $76 |
| ▁▂▄▃▆▇▆█ | Gross Loans ($M) | $316 | $323 | $331 | $327 | $343 | $348 | $342 | $353 |
| ▁▁▄▄▃▃██ | Total Deposits ($M) | $424 | $427 | $455 | $452 | $446 | $444 | $486 | $481 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 10% |
| Consumer | 10% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 13% |