Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.94% | -4.26 | 7.20% |
| Return on Equity (%) | ▼ | 23.68% | -27.03 | 50.71% |
| Net Interest Margin (%) | ▼ | 4.78% | -0.28 | 5.06% |
| Efficiency Ratio (%) | ▼ | 37.78% | +15.58 | 22.20% |
| Pre-Provision Profit ($M) | ▼ | $5 | -7.12 | $12 |
| Cost of Funds (%) | ▲ | 0.96% | -0.09 | 1.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $410 | +51.44 | $359 |
| Gross Loans ($M) | ▲ | $323 | +19.56 | $304 |
| Loan Growth YoY (%) | ▼ | 94.90% | -6.23 | 101.13% |
| Total Deposits ($M) | ▲ | $337 | +39.76 | $297 |
| Shareholders Equity ($M) | ▲ | $51 | +0.23 | $50 |
| Tang. Book Value ($M) | ▲ | $48 | +0.23 | $48 |
| Loan / Deposit Ratio (%) | ▼ | 94.90% | -6.23 | 101.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.11 | 0.00% |
| Allowance / Loans (%) | — | 1.24% | 0.03% | 1.21% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.13 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -14.39 | 14.39% |
Noninterest income ($2.21M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂████▆▆ | Net Interest Margin (%) | 4.07% | 4.22% | 5.00% | 5.06% | 5.10% | 5.01% | 4.74% | 4.78% |
| ▄▅▄█▆▄▁▁ | Return on Assets (%) | 4.74% | 4.99% | 4.66% | 7.20% | 5.61% | 4.84% | 2.61% | 2.94% |
| ▄▃▃▁▂▃█▇ | Efficiency Ratio (%) | 29.9% | 28.8% | 27.1% | 22.2% | 26.3% | 29.0% | 40.7% | 37.8% |
| ▆▃▁▃█▅▆▁ | Cost of Funds (%) | 1.16% | 1.04% | 0.99% | 1.05% | 1.25% | 1.12% | 1.14% | 0.96% |
| ▁▁▁▁▁██▇ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% | 0.12% | 0.11% |
| ▁▁▁▁▁██▇ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.14% | 0.15% | 0.13% |
| ▁▁▅▄▆███ | Tang. Book Value ($M) | $48 | $48 | $48 | $48 | $48 | $48 | $48 | $48 |
| ▁▂▂▄▃█▇█ | Gross Loans ($M) | $280 | $292 | $292 | $304 | $296 | $329 | $321 | $323 |
| ▁▂▁▂▄█▆▇ | Total Deposits ($M) | $283 | $296 | $289 | $297 | $314 | $351 | $329 | $337 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 45% |
| C&I / Commercial | 55% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 10% |