Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.35% | -0.08 | 0.43% |
| Return on Equity (%) | ▼ | 2.98% | -0.60 | 3.58% |
| Net Interest Margin (%) | ▲ | 3.03% | +0.13 | 2.89% |
| Efficiency Ratio (%) | ▲ | 88.43% | -1.90 | 90.33% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.01 | $1 |
| Cost of Funds (%) | ▼ | 1.77% | +0.00 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $620 | +21.87 | $598 |
| Gross Loans ($M) | ▲ | $490 | +31.70 | $459 |
| Loan Growth YoY (%) | ▲ | 102.60% | +1.12 | 101.48% |
| Total Deposits ($M) | ▲ | $474 | +25.61 | $448 |
| Shareholders Equity ($M) | ▲ | $73 | +3.03 | $69 |
| Tang. Book Value ($M) | ▲ | $72 | +3.05 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +3.24 | $72 |
| Loan / Deposit Ratio (%) | ▲ | 102.60% | +1.12 | 101.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.35% | -0.01 | 0.37% |
| Allowance / Loans (%) | — | 0.89% | 0.03% | 0.86% |
| Net Charge-Off Ratio (%) | ▲ | 0.45% | -0.03 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.93M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▇▇██ | Net Interest Margin (%) | 2.50% | 2.56% | 2.83% | 2.89% | 2.92% | 2.94% | 2.97% | 3.03% |
| ██▁▇▇▇▄▄ | Return on Assets (%) | 0.48% | 0.46% | 0.24% | 0.43% | 0.44% | 0.43% | 0.35% | 0.35% |
| █▇▆▃▂▁▁▁ | Efficiency Ratio (%) | 95.4% | 94.2% | 93.2% | 90.3% | 88.9% | 87.6% | 88.3% | 88.4% |
| ▁█▇▅▇▄▄▆ | Cost of Funds (%) | 1.56% | 1.89% | 1.81% | 1.76% | 1.83% | 1.69% | 1.70% | 1.77% |
| ▅██▃▁▁▁▂ | NPA / Assets (%) | 0.43% | 0.48% | 0.50% | 0.37% | 0.33% | 0.32% | 0.31% | 0.35% |
| ▇██▃▁▁▁▂ | Net Charge-Off Ratio (%) | 0.59% | 0.62% | 0.63% | 0.48% | 0.42% | 0.41% | 0.40% | 0.45% |
| ▂▁▂▃▆▇▇█ | Tang. Book Value ($M) | $68 | $68 | $69 | $69 | $71 | $72 | $72 | $72 |
| ▁▂▄▅▆▇██ | Gross Loans ($M) | $420 | $434 | $455 | $459 | $472 | $479 | $482 | $490 |
| ▃▁▄▅▅▇▇█ | Total Deposits ($M) | $436 | $418 | $443 | $448 | $449 | $463 | $462 | $474 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 9% |