Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.07% | -0.10 | 0.03% |
| Return on Equity (%) | ▼ | -1.18% | -1.80 | 0.62% |
| Net Interest Margin (%) | ▲ | 3.36% | +0.15 | 3.20% |
| Efficiency Ratio (%) | ▲ | 95.41% | -15.84 | 111.25% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.36 | $-0 |
| Cost of Funds (%) | ▼ | 1.38% | +0.08 | 1.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $395 | +44.28 | $351 |
| Gross Loans ($M) | ▲ | $268 | +54.27 | $213 |
| Loan Growth YoY (%) | ▲ | 74.08% | +7.65 | 66.44% |
| Total Deposits ($M) | ▲ | $357 | +39.73 | $317 |
| Shareholders Equity ($M) | ▲ | $21 | +2.43 | $19 |
| Tang. Book Value ($M) | ▲ | $21 | +2.12 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +1.99 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 74.08% | +7.65 | 66.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.17% | -0.13 | 0.30% |
| Allowance / Loans (%) | — | 1.18% | -0.03% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -0.25 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.95% | -2.96 | 14.91% |
Noninterest income ($0.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▁▃▅▆█▇ | Net Interest Margin (%) | 3.25% | 3.27% | 3.08% | 3.20% | 3.29% | 3.30% | 3.43% | 3.36% |
| ▃▃█▃▅▄▆▁ | Return on Assets (%) | 0.04% | 0.03% | 0.22% | 0.03% | 0.09% | 0.05% | 0.12% | -0.07% |
| ▁▁█▇▅▄▁▁ | Efficiency Ratio (%) | 93.7% | 95.0% | 115.8% | 111.3% | 104.9% | 103.0% | 95.3% | 95.4% |
| ▂▆▁▅▃▅██ | Cost of Funds (%) | 1.24% | 1.33% | 1.19% | 1.30% | 1.26% | 1.28% | 1.36% | 1.38% |
| ▁▁█▇██▃▃ | NPA / Assets (%) | 0.08% | 0.10% | 0.32% | 0.30% | 0.34% | 0.35% | 0.17% | 0.17% |
| ▁▁█▇██▃▃ | Net Charge-Off Ratio (%) | 0.14% | 0.18% | 0.55% | 0.50% | 0.56% | 0.54% | 0.27% | 0.25% |
| █▁▄▃▇█▇█ | Tang. Book Value ($M) | $21 | $18 | $19 | $19 | $20 | $21 | $21 | $21 |
| ▁▁▁▂▂▄▅█ | Gross Loans ($M) | $207 | $205 | $207 | $213 | $215 | $231 | $243 | $268 |
| ▁▁▂▂▄▄██ | Total Deposits ($M) | $314 | $309 | $317 | $317 | $329 | $332 | $358 | $357 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 16% |
| Consumer | 21% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 5% |