Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.71% | -0.50 | 3.21% |
| Return on Equity (%) | ▼ | 27.62% | -2.41 | 30.03% |
| Net Interest Margin (%) | ▼ | 5.15% | -0.88 | 6.02% |
| Efficiency Ratio (%) | ▼ | 58.50% | +2.70 | 55.80% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.19 | $3 |
| Cost of Funds (%) | ▼ | 1.08% | +0.31 | 0.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $341 | +54.83 | $286 |
| Gross Loans ($M) | ▲ | $222 | +8.15 | $214 |
| Loan Growth YoY (%) | ▼ | 73.41% | -11.84 | 85.25% |
| Total Deposits ($M) | ▲ | $298 | +51.54 | $247 |
| Shareholders Equity ($M) | ▲ | $34 | +1.34 | $32 |
| Tang. Book Value ($M) | ▲ | $33 | +1.34 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +1.81 | $34 |
| Loan / Deposit Ratio (%) | ▼ | 73.41% | -11.84 | 85.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.27% | -0.30 | 2.57% |
| Allowance / Loans (%) | — | 1.47% | -0.27% | 1.74% |
| Net Charge-Off Ratio (%) | ▼ | 3.05% | +0.30 | 2.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.19% | -0.40 | 13.59% |
Noninterest income ($2.21M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ████▇▆▁▁ | Net Interest Margin (%) | 6.05% | 6.08% | 6.00% | 6.02% | 5.93% | 5.80% | 5.19% | 5.15% |
| ▆█▆▆▆▁▂▁ | Return on Assets (%) | 3.23% | 3.42% | 3.15% | 3.21% | 3.14% | 2.68% | 2.84% | 2.71% |
| ▁▁▇▅▅▆▃█ | Efficiency Ratio (%) | 53.4% | 52.7% | 57.6% | 55.8% | 55.9% | 56.5% | 54.5% | 58.5% |
| ▁▁▃▂▅▇██ | Cost of Funds (%) | 0.66% | 0.70% | 0.79% | 0.77% | 0.91% | 1.03% | 1.14% | 1.08% |
| ▁▁▁█▇▅▇▇ | NPA / Assets (%) | 0.69% | 0.59% | 0.76% | 2.57% | 2.24% | 1.79% | 2.13% | 2.27% |
| ▁▁▁█▇▆▇█ | Net Charge-Off Ratio (%) | 0.26% | 0.11% | 0.31% | 2.75% | 2.63% | 2.00% | 2.52% | 3.05% |
| ▅▁▅▆▇▄██ | Tang. Book Value ($M) | $31 | $29 | $31 | $32 | $32 | $31 | $33 | $33 |
| ▁▁▂▃▅▆█▆ | Gross Loans ($M) | $205 | $208 | $211 | $214 | $218 | $222 | $229 | $222 |
| ▂▃▁▁▅▇██ | Total Deposits ($M) | $258 | $260 | $253 | $247 | $279 | $286 | $292 | $298 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 52% |
| C&I / Commercial | 43% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 41% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 7% |