Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.28% | +0.12 | 3.16% |
| Return on Equity (%) | ▼ | 22.92% | -1.96 | 24.88% |
| Net Interest Margin (%) | ▲ | 5.44% | +0.29 | 5.15% |
| Efficiency Ratio (%) | ▼ | 45.64% | +1.03 | 44.61% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.10 | $2 |
| Cost of Funds (%) | ▲ | 0.73% | -0.14 | 0.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $282 | +0.48 | $282 |
| Gross Loans ($M) | ▲ | $183 | +12.70 | $170 |
| Loan Growth YoY (%) | ▲ | 75.08% | +6.06 | 69.03% |
| Total Deposits ($M) | ▼ | $241 | -2.70 | $244 |
| Shareholders Equity ($M) | ▲ | $40 | +3.72 | $36 |
| Tang. Book Value ($M) | ▲ | $40 | +3.72 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +3.36 | $40 |
| Loan / Deposit Ratio (%) | ▲ | 75.08% | +6.06 | 69.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.04% | -0.29 | 1.32% |
| Allowance / Loans (%) | — | 1.08% | -0.10% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 1.26% | +0.20 | 1.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 4.91% | 4.97% | 4.98% | 5.15% | 5.25% | 5.35% | 5.32% | 5.44% |
| ▃▂▁▅█▇▃█ | Return on Assets (%) | 3.07% | 3.04% | 2.98% | 3.16% | 3.32% | 3.26% | 3.08% | 3.28% |
| ▂▅▅▃▁▅█▅ | Efficiency Ratio (%) | 44.3% | 45.6% | 45.9% | 44.6% | 43.2% | 45.7% | 47.6% | 45.6% |
| ▆█▆▄▄▂▁▁ | Cost of Funds (%) | 0.96% | 1.09% | 0.98% | 0.88% | 0.89% | 0.82% | 0.76% | 0.73% |
| ▇██▆▁▁▁▃ | NPA / Assets (%) | 1.44% | 1.63% | 1.57% | 1.32% | 0.89% | 0.85% | 0.79% | 1.04% |
| ▅█▇▃▅▆▁▆ | Net Charge-Off Ratio (%) | 1.23% | 1.49% | 1.37% | 1.06% | 1.25% | 1.30% | 0.86% | 1.26% |
| ▁▂▃▃▅███ | Tang. Book Value ($M) | $34 | $35 | $36 | $36 | $38 | $41 | $40 | $40 |
| ▁▅▃▁▆███ | Gross Loans ($M) | $168 | $177 | $174 | $170 | $179 | $185 | $183 | $183 |
| █▇█▇▁▃▁▄ | Total Deposits ($M) | $245 | $244 | $245 | $244 | $239 | $240 | $238 | $241 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 7% |
| Consumer | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 9% |