Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.51% | -0.62 | 2.12% |
| Return on Equity (%) | ▼ | 13.95% | -5.27 | 19.22% |
| Net Interest Margin (%) | ▼ | 3.23% | -0.41 | 3.64% |
| Efficiency Ratio (%) | ▼ | 60.05% | +4.70 | 55.35% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.59 | $3 |
| Cost of Funds (%) | ▲ | 1.64% | -0.12 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $629 | +18.42 | $610 |
| Gross Loans ($M) | ▼ | $243 | -19.65 | $263 |
| Loan Growth YoY (%) | ▼ | 43.02% | -4.92 | 47.94% |
| Total Deposits ($M) | ▲ | $556 | +16.75 | $539 |
| Shareholders Equity ($M) | ▲ | $71 | +2.91 | $68 |
| Tang. Book Value ($M) | ▲ | $71 | +2.91 | $68 |
| TBV excl. AOCI ($M)** | ▲ | $76 | +0.31 | $76 |
| Loan / Deposit Ratio (%) | ▼ | 43.02% | -4.92 | 47.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.52% | -0.01% | 1.53% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 30.55% | +4.50 | 26.06% |
Noninterest income ($0.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▅▅▅▅▁▁ | Net Interest Margin (%) | 3.97% | 3.94% | 3.64% | 3.64% | 3.65% | 3.61% | 3.20% | 3.23% |
| ██▇▆▆▆▁▁ | Return on Assets (%) | 2.34% | 2.35% | 2.18% | 2.12% | 2.06% | 2.04% | 1.54% | 1.51% |
| ▁▁▃▄▄▄██ | Efficiency Ratio (%) | 52.2% | 51.9% | 54.9% | 55.4% | 55.1% | 55.5% | 59.7% | 60.1% |
| █▇▅▆█▃▁▃ | Cost of Funds (%) | 1.82% | 1.79% | 1.72% | 1.76% | 1.85% | 1.65% | 1.55% | 1.64% |
| █▆▇▆▁▁▅▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▆█▆▁▁▆▁ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.01% | 0.00% |
| ▁▁▅▅▆▅▆█ | Tang. Book Value ($M) | $64 | $64 | $68 | $68 | $69 | $68 | $68 | $71 |
| ▇█▇▇█▆▃▁ | Gross Loans ($M) | $261 | $263 | $263 | $263 | $266 | $258 | $251 | $243 |
| ▁▂▂▃▃▆█▅ | Total Deposits ($M) | $519 | $533 | $530 | $539 | $543 | $566 | $583 | $556 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 2% |