Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.37 | 0.76% |
| Return on Equity (%) | ▲ | 11.93% | +3.29 | 8.64% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.43 | 3.59% |
| Efficiency Ratio (%) | ▲ | 75.39% | -4.13 | 79.52% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.36 | $1 |
| Cost of Funds (%) | ▲ | 0.77% | -0.24 | 1.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $480 | +6.06 | $474 |
| Gross Loans ($M) | ▲ | $304 | +37.37 | $267 |
| Loan Growth YoY (%) | ▲ | 69.41% | +8.47 | 60.94% |
| Total Deposits ($M) | ▲ | $430 | +1.88 | $428 |
| Shareholders Equity ($M) | ▲ | $46 | +3.82 | $43 |
| Tang. Book Value ($M) | ▲ | $46 | +3.82 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +3.74 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 69.41% | +8.47 | 60.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.09% | +0.17 | 1.92% |
| Allowance / Loans (%) | — | 1.84% | -0.34% | 2.18% |
| Net Charge-Off Ratio (%) | ▲ | 2.35% | -0.69 | 3.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.09% | -1.97 | 18.07% |
Noninterest income ($0.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▃▃▆█ | Net Interest Margin (%) | 3.39% | 3.43% | 3.54% | 3.59% | 3.62% | 3.63% | 3.82% | 4.03% |
| ▁▂▁▃▂▂▆█ | Return on Assets (%) | 0.63% | 0.72% | 0.69% | 0.76% | 0.75% | 0.74% | 1.00% | 1.14% |
| ▇▆█▆▄▄▂▁ | Efficiency Ratio (%) | 80.1% | 79.4% | 81.6% | 79.5% | 77.8% | 77.8% | 76.6% | 75.4% |
| █▄▅▅▅▄▁▁ | Cost of Funds (%) | 1.19% | 0.96% | 1.00% | 1.00% | 1.00% | 0.93% | 0.76% | 0.77% |
| █▄▁▂▅▅▅▄ | NPA / Assets (%) | 2.46% | 2.10% | 1.75% | 1.92% | 2.12% | 2.19% | 2.13% | 2.09% |
| █▄▃▅▆▇▂▁ | Net Charge-Off Ratio (%) | 3.67% | 3.01% | 2.75% | 3.04% | 3.32% | 3.38% | 2.67% | 2.35% |
| ▃▁▄▄▆▇██ | Tang. Book Value ($M) | $41 | $39 | $42 | $42 | $44 | $45 | $46 | $46 |
| ▄▃▁▁▁▄▅█ | Gross Loans ($M) | $283 | $278 | $270 | $267 | $271 | $282 | $286 | $304 |
| ▁▁▇▅▅▅█▆ | Total Deposits ($M) | $400 | $403 | $437 | $428 | $423 | $426 | $446 | $430 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 12% |
| Consumer | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 2% |