Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.10% | +0.35 | 0.75% |
| Return on Equity (%) | ▲ | 7.75% | +2.21 | 5.54% |
| Net Interest Margin (%) | ▲ | 3.71% | +0.20 | 3.51% |
| Efficiency Ratio (%) | ▲ | 82.46% | -4.04 | 86.50% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.75 | $2 |
| Cost of Funds (%) | ▲ | 0.83% | -0.12 | 0.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $537 | +23.55 | $513 |
| Gross Loans ($M) | ▲ | $369 | +4.51 | $365 |
| Loan Growth YoY (%) | ▼ | 81.67% | -2.02 | 83.69% |
| Total Deposits ($M) | ▲ | $448 | +15.91 | $432 |
| Shareholders Equity ($M) | ▲ | $77 | +6.67 | $70 |
| Tang. Book Value ($M) | ▲ | $63 | +6.67 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +6.62 | $59 |
| Loan / Deposit Ratio (%) | ▼ | 81.67% | -2.02 | 83.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.88% | -0.14 | 1.01% |
| Allowance / Loans (%) | — | 0.94% | 0.05% | 0.89% |
| Net Charge-Off Ratio (%) | ▲ | 1.27% | -0.15 | 1.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($7.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▄▁▃▅▇▇█ | Net Interest Margin (%) | 3.60% | 3.57% | 3.44% | 3.51% | 3.60% | 3.67% | 3.67% | 3.71% |
| ▆▄▁▃▅▆▅█ | Return on Assets (%) | 0.91% | 0.82% | 0.57% | 0.75% | 0.84% | 0.92% | 0.89% | 1.10% |
| ▃▄█▅▄▃▄▁ | Efficiency Ratio (%) | 84.2% | 85.4% | 89.0% | 86.5% | 85.5% | 84.5% | 85.2% | 82.5% |
| ▃███▅▁▁▁ | Cost of Funds (%) | 0.86% | 0.95% | 0.95% | 0.95% | 0.89% | 0.82% | 0.81% | 0.83% |
| ▁▁▁████▇ | NPA / Assets (%) | 0.03% | 0.03% | 0.06% | 1.01% | 1.01% | 0.96% | 0.91% | 0.88% |
| ▁▁▁█████ | Net Charge-Off Ratio (%) | 0.05% | 0.05% | 0.09% | 1.42% | 1.37% | 1.36% | 1.29% | 1.27% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $53 | $54 | $55 | $56 | $58 | $60 | $61 | $63 |
| ▁▄▄▆█▇██ | Gross Loans ($M) | $350 | $358 | $358 | $365 | $371 | $367 | $371 | $369 |
| ▁▃▅▅▃▆▇█ | Total Deposits ($M) | $412 | $422 | $433 | $432 | $423 | $435 | $440 | $448 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 9% |