Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.64% | -0.07 | 0.71% |
| Return on Equity (%) | ▼ | 6.68% | -1.47 | 8.15% |
| Net Interest Margin (%) | ▲ | 4.02% | +0.21 | 3.82% |
| Efficiency Ratio (%) | ▼ | 80.71% | +2.76 | 77.95% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.20 | $1 |
| Cost of Funds (%) | ▲ | 1.08% | -0.09 | 1.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $473 | +20.20 | $453 |
| Gross Loans ($M) | ▲ | $354 | +4.43 | $350 |
| Loan Growth YoY (%) | ▼ | 82.72% | -2.46 | 85.18% |
| Total Deposits ($M) | ▲ | $424 | +17.54 | $407 |
| Shareholders Equity ($M) | ▲ | $45 | +4.21 | $41 |
| Tang. Book Value ($M) | ▲ | $43 | +4.49 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +4.40 | $42 |
| Loan / Deposit Ratio (%) | ▼ | 82.72% | -2.46 | 85.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.37% | -0.05 | 0.43% |
| Allowance / Loans (%) | — | 0.84% | -0.03% | 0.87% |
| Net Charge-Off Ratio (%) | ▲ | 0.49% | -0.07 | 0.55% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 3.53% | 3.58% | 3.77% | 3.82% | 3.87% | 3.89% | 3.98% | 4.02% |
| ▃▁▆▆█▆▁▄ | Return on Assets (%) | 0.61% | 0.55% | 0.71% | 0.71% | 0.77% | 0.70% | 0.55% | 0.64% |
| ▄▆▁▁▁▂█▄ | Efficiency Ratio (%) | 81.1% | 82.7% | 77.7% | 78.0% | 77.0% | 78.7% | 85.8% | 80.7% |
| █▇▃▃▃▃▁▁ | Cost of Funds (%) | 1.42% | 1.36% | 1.19% | 1.17% | 1.16% | 1.16% | 1.05% | 1.08% |
| ▄▅▆▅█▅▄▁ | NPA / Assets (%) | 0.41% | 0.42% | 0.43% | 0.43% | 0.46% | 0.42% | 0.41% | 0.37% |
| ▂▁▃▆█▅▆▁ | Net Charge-Off Ratio (%) | 0.49% | 0.48% | 0.51% | 0.55% | 0.58% | 0.54% | 0.54% | 0.49% |
| ▂▁▂▃▆▇██ | Tang. Book Value ($M) | $38 | $36 | $38 | $38 | $41 | $42 | $42 | $43 |
| ██▃▁▆▄▇▇ | Gross Loans ($M) | $355 | $355 | $351 | $350 | $353 | $352 | $354 | $354 |
| ▁▃▄▃▁▄██ | Total Deposits ($M) | $398 | $407 | $410 | $407 | $401 | $411 | $423 | $424 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 5% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 88% |
| Brokered / Other | 3% |