Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.07% | +0.31 | -0.24% |
| Return on Equity (%) | ▲ | 0.88% | +4.04 | -3.16% |
| Net Interest Margin (%) | ▲ | 2.00% | +0.46 | 1.54% |
| Efficiency Ratio (%) | ▲ | 99.08% | -13.93 | 113.01% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.48 | $-0 |
| Cost of Funds (%) | ▲ | 2.25% | -0.36 | 2.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $816 | -114.98 | $931 |
| Gross Loans ($M) | ▼ | $579 | -85.98 | $665 |
| Loan Growth YoY (%) | ▼ | 84.67% | -8.54 | 93.21% |
| Total Deposits ($M) | ▼ | $677 | -29.06 | $706 |
| Shareholders Equity ($M) | ▲ | $70 | +0.28 | $70 |
| Tang. Book Value ($M) | ▲ | $70 | +0.28 | $70 |
| TBV excl. AOCI ($M)** | ▼ | $79 | -1.22 | $80 |
| Loan / Deposit Ratio (%) | ▼ | 84.67% | -8.54 | 93.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.06 | 0.08% |
| Allowance / Loans (%) | — | 0.90% | -0.04% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 0.20% | +0.09 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.47% | +0.63 | 12.84% |
Noninterest income ($1.00M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▃▃██ | Net Interest Margin (%) | 1.41% | 1.44% | 1.52% | 1.54% | 1.56% | 1.63% | 1.99% | 2.00% |
| ██▄▄▂▁▇▇ | Return on Assets (%) | 0.24% | 0.16% | -0.23% | -0.24% | -0.45% | -0.59% | 0.07% | 0.07% |
| ▁▁▄▃▇█▂▂ | Efficiency Ratio (%) | 90.7% | 94.3% | 116.7% | 113.0% | 142.1% | 156.8% | 99.9% | 99.1% |
| ▇▆▆▇█▆▁▁ | Cost of Funds (%) | 2.62% | 2.58% | 2.56% | 2.61% | 2.72% | 2.56% | 2.25% | 2.25% |
| ▁▃▃▄▃▁▂█ | NPA / Assets (%) | 0.05% | 0.08% | 0.07% | 0.08% | 0.07% | 0.04% | 0.06% | 0.14% |
| ▁▃▃▃▃▁▂█ | Net Charge-Off Ratio (%) | 0.07% | 0.10% | 0.10% | 0.11% | 0.10% | 0.06% | 0.09% | 0.20% |
| █▂▃▂▂▁▁▂ | Tang. Book Value ($M) | $73 | $70 | $71 | $70 | $70 | $69 | $69 | $70 |
| ████▆▃▂▁ | Gross Loans ($M) | $661 | $656 | $663 | $665 | $636 | $602 | $590 | $579 |
| ▄▃█▆▂▂▂▁ | Total Deposits ($M) | $695 | $692 | $721 | $706 | $688 | $686 | $684 | $677 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 29% |