Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.53% | +0.29 | 0.24% |
| Return on Equity (%) | ▲ | 7.61% | +3.45 | 4.16% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.37 | 3.64% |
| Efficiency Ratio (%) | ▼ | 85.09% | +3.87 | 81.22% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.09 | $0 |
| Cost of Funds (%) | ▲ | 1.42% | -0.25 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $138 | +3.70 | $134 |
| Gross Loans ($M) | ▲ | $76 | +6.46 | $70 |
| Loan Growth YoY (%) | ▲ | 59.76% | +4.33 | 55.43% |
| Total Deposits ($M) | ▲ | $126 | +1.79 | $124 |
| Shareholders Equity ($M) | ▲ | $10 | +1.37 | $8 |
| Tang. Book Value ($M) | ▲ | $10 | +1.37 | $8 |
| TBV excl. AOCI ($M)** | ▲ | $12 | +1.31 | $11 |
| Loan / Deposit Ratio (%) | ▲ | 59.76% | +4.33 | 55.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.49% | +0.15 | 0.34% |
| Allowance / Loans (%) | — | 0.98% | -0.09% | 1.08% |
| Net Charge-Off Ratio (%) | ▼ | 0.65% | +0.17 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄██ | Net Interest Margin (%) | 3.45% | 3.51% | 3.48% | 3.64% | 3.66% | 3.72% | 3.95% | 4.01% |
| ▂▃█▁▂▁▃▄ | Return on Assets (%) | 0.42% | 0.44% | 0.99% | 0.24% | 0.39% | 0.28% | 0.51% | 0.53% |
| ██▁▄▆▇▆▆ | Efficiency Ratio (%) | 89.3% | 89.5% | 73.3% | 81.2% | 83.9% | 86.3% | 84.3% | 85.1% |
| ▆█▇▄▃▄▂▁ | Cost of Funds (%) | 1.78% | 1.94% | 1.83% | 1.67% | 1.59% | 1.62% | 1.51% | 1.42% |
| ▇▁▁▂▂▆█▆ | NPA / Assets (%) | 0.57% | 0.28% | 0.28% | 0.34% | 0.35% | 0.52% | 0.61% | 0.49% |
| █▁▁▃▃▇█▅ | Net Charge-Off Ratio (%) | 0.89% | 0.27% | 0.29% | 0.47% | 0.49% | 0.84% | 0.97% | 0.65% |
| ▄▁▅▅▇███ | Tang. Book Value ($M) | $8 | $7 | $8 | $8 | $9 | $10 | $9 | $10 |
| ▂▁▁▁▅▇▇█ | Gross Loans ($M) | $71 | $70 | $69 | $70 | $73 | $75 | $75 | $76 |
| ▁▁▅▄█▅▅▇ | Total Deposits ($M) | $122 | $122 | $125 | $124 | $128 | $125 | $125 | $126 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 5% |
| Consumer | 30% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 12% |