Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.45% | -0.28 | 1.74% |
| Return on Equity (%) | ▼ | 16.20% | -7.01 | 23.21% |
| Net Interest Margin (%) | ▲ | 4.69% | +0.20 | 4.49% |
| Efficiency Ratio (%) | ▼ | 61.06% | +4.92 | 56.13% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.27 | $2 |
| Cost of Funds (%) | ▲ | 0.49% | -0.15 | 0.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $368 | +0.39 | $368 |
| Gross Loans ($M) | ▲ | $184 | +27.25 | $157 |
| Loan Growth YoY (%) | ▲ | 56.61% | +8.58 | 48.03% |
| Total Deposits ($M) | ▼ | $321 | -1.74 | $323 |
| Shareholders Equity ($M) | ▲ | $34 | +5.23 | $29 |
| Tang. Book Value ($M) | ▲ | $34 | +5.23 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +4.77 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 56.61% | +8.58 | 48.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.04 | 0.06% |
| Allowance / Loans (%) | — | 1.31% | 0.10% | 1.21% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.09 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.70% | -0.38 | 18.08% |
Noninterest income ($0.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▁▄▆▇▆█ | Net Interest Margin (%) | 4.51% | 4.53% | 4.35% | 4.49% | 4.59% | 4.64% | 4.60% | 4.69% |
| ▁▁██▇▆▁▂ | Return on Assets (%) | 1.37% | 1.37% | 1.74% | 1.74% | 1.68% | 1.64% | 1.39% | 1.45% |
| ██▁▁▁▂██ | Efficiency Ratio (%) | 61.7% | 61.7% | 56.4% | 56.1% | 56.5% | 57.1% | 61.5% | 61.1% |
| ██▇▆▅▃▁▁ | Cost of Funds (%) | 0.70% | 0.68% | 0.66% | 0.64% | 0.60% | 0.55% | 0.51% | 0.49% |
| █▇▅▅▅▅▅▁ | NPA / Assets (%) | 0.09% | 0.07% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.02% |
| █▆▅▄▄▄▄▁ | Net Charge-Off Ratio (%) | 0.24% | 0.19% | 0.16% | 0.13% | 0.13% | 0.12% | 0.12% | 0.04% |
| ▁▁▃▄▆▇▇█ | Tang. Book Value ($M) | $26 | $25 | $28 | $29 | $32 | $33 | $33 | $34 |
| ▁▂▂▄▆███ | Gross Loans ($M) | $135 | $146 | $145 | $157 | $171 | $180 | $184 | $184 |
| ▁▃█▆▅▃█▅ | Total Deposits ($M) | $313 | $317 | $326 | $323 | $322 | $317 | $328 | $321 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 14% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 2% |