Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.95% | +0.72 | 1.23% |
| Return on Equity (%) | ▲ | 18.51% | +6.57 | 11.94% |
| Net Interest Margin (%) | ▼ | 5.59% | -0.43 | 6.02% |
| Efficiency Ratio (%) | ▼ | 63.68% | +8.37 | 55.31% |
| Pre-Provision Profit ($M) | ▼ | $4 | -1.60 | $6 |
| Cost of Funds (%) | ▼ | 0.83% | +0.04 | 0.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $694 | -33.06 | $727 |
| Gross Loans ($M) | ▼ | $500 | -0.41 | $500 |
| Loan Growth YoY (%) | ▲ | 79.83% | +4.90 | 74.93% |
| Total Deposits ($M) | ▼ | $611 | -36.69 | $647 |
| Shareholders Equity ($M) | ▲ | $75 | +1.25 | $74 |
| Tang. Book Value ($M) | ▲ | $75 | +1.25 | $74 |
| TBV excl. AOCI ($M)** | ▲ | $82 | +2.70 | $79 |
| Loan / Deposit Ratio (%) | ▲ | 79.83% | +4.90 | 74.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.25% | -0.52 | 0.76% |
| Allowance / Loans (%) | — | 2.52% | -0.57% | 3.09% |
| Net Charge-Off Ratio (%) | ▲ | 0.34% | -0.46 | 0.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▅▆▆▅▁▂ | Net Interest Margin (%) | 6.27% | 6.33% | 5.92% | 6.02% | 6.04% | 5.92% | 5.44% | 5.59% |
| ██▁▁▂▃▄▄ | Return on Assets (%) | 2.87% | 2.76% | 1.11% | 1.23% | 1.44% | 1.64% | 1.95% | 1.95% |
| ▁▁▃▂▁▃██ | Efficiency Ratio (%) | 54.2% | 54.1% | 56.9% | 55.3% | 55.1% | 56.7% | 63.3% | 63.7% |
| ▂█▁▁▁▆▄▃ | Cost of Funds (%) | 0.81% | 0.91% | 0.79% | 0.79% | 0.78% | 0.87% | 0.84% | 0.83% |
| ▃▁▃▃███▁ | NPA / Assets (%) | 0.76% | 0.49% | 0.78% | 0.76% | 2.29% | 2.08% | 2.09% | 0.25% |
| ▂▁▂▂██▇▁ | Net Charge-Off Ratio (%) | 0.98% | 0.37% | 0.84% | 0.80% | 3.04% | 2.75% | 2.38% | 0.34% |
| ▁▃▅▃█▇▃▅ | Tang. Book Value ($M) | $72 | $74 | $75 | $74 | $78 | $76 | $74 | $75 |
| ▁█▁█▆▄▁█ | Gross Loans ($M) | $485 | $500 | $485 | $500 | $496 | $492 | $485 | $500 |
| ▆▁▇█▇▅▂▁ | Total Deposits ($M) | $636 | $613 | $642 | $647 | $642 | $633 | $618 | $611 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 58% |
| C&I / Commercial | 41% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 56% |
| Interest-Bearing (core) | 38% |
| Brokered / Other | 6% |