Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.09 | 0.96% |
| Return on Equity (%) | ▲ | 8.20% | +0.02 | 8.18% |
| Net Interest Margin (%) | ▲ | 3.25% | +0.06 | 3.19% |
| Efficiency Ratio (%) | ▲ | 68.50% | -1.40 | 69.90% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.24 | $2 |
| Cost of Funds (%) | ▲ | 1.23% | -0.26 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $689 | +10.77 | $679 |
| Gross Loans ($M) | ▼ | $216 | -2.57 | $219 |
| Loan Growth YoY (%) | ▼ | 35.85% | -0.61 | 36.46% |
| Total Deposits ($M) | ▲ | $596 | +2.26 | $593 |
| Shareholders Equity ($M) | ▲ | $91 | +8.75 | $82 |
| Tang. Book Value ($M) | ▲ | $91 | +8.75 | $82 |
| TBV excl. AOCI ($M)** | ▲ | $111 | +9.26 | $102 |
| Loan / Deposit Ratio (%) | ▼ | 35.85% | -0.61 | 36.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.61% | +0.40 | 0.21% |
| Allowance / Loans (%) | — | 1.22% | 0.12% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 1.93% | +1.29 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇█▁▅▃▅▅█ | Net Interest Margin (%) | 3.23% | 3.24% | 3.12% | 3.19% | 3.16% | 3.19% | 3.19% | 3.25% |
| ██▁▃▁▃▄▇ | Return on Assets (%) | 1.08% | 1.07% | 0.89% | 0.96% | 0.90% | 0.95% | 0.96% | 1.05% |
| ▁▁█▆▇▅▇▄ | Efficiency Ratio (%) | 66.5% | 66.7% | 71.3% | 69.9% | 70.2% | 69.4% | 70.3% | 68.5% |
| █▆▇▆▂▁▂▁ | Cost of Funds (%) | 1.65% | 1.48% | 1.56% | 1.48% | 1.27% | 1.18% | 1.30% | 1.23% |
| ▁▃▂▂▆█▆▆ | NPA / Assets (%) | 0.13% | 0.30% | 0.25% | 0.21% | 0.54% | 0.77% | 0.58% | 0.61% |
| ▁▃▂▁▆█▆▆ | Net Charge-Off Ratio (%) | 0.40% | 0.97% | 0.81% | 0.64% | 1.72% | 2.48% | 1.95% | 1.93% |
| ▇▁▄▂▇▇██ | Tang. Book Value ($M) | $89 | $80 | $84 | $82 | $89 | $89 | $90 | $91 |
| ▁▆█▆██▃▂ | Gross Loans ($M) | $216 | $219 | $221 | $219 | $220 | $220 | $217 | $216 |
| ▁▆█▁▂▅█▁ | Total Deposits ($M) | $597 | $622 | $633 | $593 | $603 | $615 | $631 | $596 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 46% |
| C&I / Commercial | 8% |
| Consumer | 9% |
| Other | 36% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 2% |