Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.33% | -0.54 | 1.87% |
| Return on Equity (%) | ▼ | 9.06% | -4.69 | 13.75% |
| Net Interest Margin (%) | ▼ | 3.74% | -0.06 | 3.80% |
| Efficiency Ratio (%) | ▲ | 54.70% | -1.19 | 55.89% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.05 | $1 |
| Cost of Funds (%) | ▲ | 1.29% | -0.06 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $124 | +2.26 | $122 |
| Gross Loans ($M) | ▼ | $40 | -1.50 | $42 |
| Loan Growth YoY (%) | ▼ | 37.49% | -2.52 | 40.01% |
| Total Deposits ($M) | ▲ | $106 | +3.18 | $103 |
| Shareholders Equity ($M) | ▲ | $18 | +1.03 | $17 |
| Tang. Book Value ($M) | ▲ | $18 | +1.03 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +0.77 | $20 |
| Loan / Deposit Ratio (%) | ▼ | 37.49% | -2.52 | 40.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.37% | -0.15% | 1.53% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▇██▅▆ | Net Interest Margin (%) | 3.58% | 3.64% | 3.74% | 3.80% | 3.80% | 3.83% | 3.72% | 3.74% |
| ▇█▆█▇█▃▁ | Return on Assets (%) | 1.77% | 1.86% | 1.69% | 1.87% | 1.78% | 1.81% | 1.52% | 1.33% |
| ▅▁█▅█▇▂▃ | Efficiency Ratio (%) | 55.6% | 53.8% | 57.3% | 55.9% | 57.2% | 56.5% | 54.7% | 54.7% |
| ▆█▅▄▆█▃▁ | Cost of Funds (%) | 1.38% | 1.41% | 1.35% | 1.34% | 1.38% | 1.40% | 1.33% | 1.29% |
| █▂▁▁▁▂▁▁ | NPA / Assets (%) | 0.16% | 0.02% | 0.02% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% |
| █▂▂▁▁▂▁▁ | Net Charge-Off Ratio (%) | 0.41% | 0.06% | 0.05% | 0.00% | 0.00% | 0.07% | 0.00% | 0.00% |
| ▁▁▃▅▇███ | Tang. Book Value ($M) | $16 | $15 | $16 | $17 | $17 | $18 | $18 | $18 |
| █▅▇▆▅▃▁▂ | Gross Loans ($M) | $43 | $42 | $42 | $42 | $42 | $41 | $40 | $40 |
| ▁▄▅▆▆▃▆█ | Total Deposits ($M) | $96 | $100 | $102 | $103 | $103 | $100 | $103 | $106 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 8% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 7% |