Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.20 | 0.90% |
| Return on Equity (%) | ▲ | 8.80% | +0.61 | 8.19% |
| Net Interest Margin (%) | ▲ | 3.48% | +0.26 | 3.22% |
| Efficiency Ratio (%) | ▼ | 70.60% | +1.89 | 68.71% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.18 | $2 |
| Cost of Funds (%) | ▲ | 1.61% | -0.18 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $649 | +20.29 | $629 |
| Gross Loans ($M) | ▼ | $377 | -14.30 | $392 |
| Loan Growth YoY (%) | ▼ | 66.21% | -3.17 | 69.38% |
| Total Deposits ($M) | ▲ | $563 | +5.65 | $557 |
| Shareholders Equity ($M) | ▲ | $84 | +14.42 | $70 |
| Tang. Book Value ($M) | ▲ | $84 | +14.42 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $94 | +14.73 | $79 |
| Loan / Deposit Ratio (%) | ▼ | 66.21% | -3.17 | 69.38% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.55 | 0.67% |
| Allowance / Loans (%) | — | 1.29% | -0.05% | 1.35% |
| Net Charge-Off Ratio (%) | ▲ | 0.21% | -0.87 | 1.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 25.98% | +2.55 | 23.42% |
Noninterest income ($2.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅██ | Net Interest Margin (%) | 3.01% | 3.04% | 3.13% | 3.22% | 3.31% | 3.31% | 3.50% | 3.48% |
| ▂▁▃▄▅▅█▇ | Return on Assets (%) | 0.74% | 0.65% | 0.81% | 0.90% | 0.93% | 0.94% | 1.19% | 1.11% |
| ██▄▁▁▃▂▅ | Efficiency Ratio (%) | 72.0% | 71.8% | 70.0% | 68.7% | 68.4% | 69.5% | 69.2% | 70.6% |
| ██▇█▄▁▁▃ | Cost of Funds (%) | 1.76% | 1.78% | 1.74% | 1.79% | 1.66% | 1.55% | 1.53% | 1.61% |
| █▆▅▅▅▁▁▁ | NPA / Assets (%) | 1.11% | 0.75% | 0.71% | 0.67% | 0.68% | 0.19% | 0.20% | 0.12% |
| █▅▅▅▅▁▁▁ | Net Charge-Off Ratio (%) | 1.83% | 1.14% | 1.09% | 1.08% | 1.06% | 0.31% | 0.34% | 0.21% |
| ▄▁▂▁▅▆▇█ | Tang. Book Value ($M) | $75 | $69 | $72 | $70 | $78 | $80 | $80 | $84 |
| ▅▆▂▇█▆█▁ | Gross Loans ($M) | $387 | $389 | $381 | $392 | $396 | $391 | $394 | $377 |
| ▆█▆▅▁▄█▆ | Total Deposits ($M) | $562 | $573 | $565 | $557 | $538 | $556 | $575 | $563 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 18% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 20% |