Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.32% | -0.50 | 0.83% |
| Return on Equity (%) | ▼ | 2.27% | -3.52 | 5.79% |
| Net Interest Margin (%) | ▲ | 4.49% | +0.12 | 4.37% |
| Efficiency Ratio (%) | ▼ | 75.79% | +4.73 | 71.06% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.08 | $2 |
| Cost of Funds (%) | ▲ | 1.03% | -0.06 | 1.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $494 | +31.54 | $462 |
| Gross Loans ($M) | ▲ | $406 | +28.91 | $378 |
| Loan Growth YoY (%) | ▲ | 100.48% | +1.61 | 98.87% |
| Total Deposits ($M) | ▲ | $401 | +22.18 | $378 |
| Shareholders Equity ($M) | ▲ | $69 | +4.04 | $65 |
| Tang. Book Value ($M) | ▲ | $68 | +4.04 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +4.10 | $65 |
| Loan / Deposit Ratio (%) | ▲ | 100.48% | +1.61 | 98.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.84% | +0.38 | 0.46% |
| Allowance / Loans (%) | — | 0.97% | 0.07% | 0.90% |
| Net Charge-Off Ratio (%) | ▼ | 1.01% | +0.46 | 0.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.46% | -0.47 | 17.92% |
Noninterest income ($0.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▄▁▂▅█▃▇ | Net Interest Margin (%) | 4.36% | 4.40% | 4.32% | 4.37% | 4.43% | 4.52% | 4.38% | 4.49% |
| ▆▇▅▆██▄▁ | Return on Assets (%) | 0.85% | 0.92% | 0.78% | 0.83% | 1.01% | 1.09% | 0.64% | 0.32% |
| ▂▁▂▁▁▁█▅ | Efficiency Ratio (%) | 71.5% | 71.0% | 72.1% | 71.1% | 70.1% | 71.1% | 79.8% | 75.8% |
| ▆▇▆▅▇█▅▁ | Cost of Funds (%) | 1.11% | 1.12% | 1.11% | 1.09% | 1.12% | 1.14% | 1.09% | 1.03% |
| ▃▁▁▃▇▆█▅ | NPA / Assets (%) | 0.40% | 0.20% | 0.03% | 0.46% | 1.20% | 1.05% | 1.46% | 0.84% |
| ▃▁▁▃▇▆█▅ | Net Charge-Off Ratio (%) | 0.49% | 0.24% | 0.04% | 0.56% | 1.46% | 1.29% | 1.81% | 1.01% |
| ▁▂▃▄▆███ | Tang. Book Value ($M) | $61 | $61 | $63 | $64 | $65 | $67 | $68 | $68 |
| ▁▂▂▄▆▆▆█ | Gross Loans ($M) | $352 | $361 | $363 | $378 | $391 | $392 | $391 | $406 |
| ▁▁▂▄▅▇▇█ | Total Deposits ($M) | $357 | $361 | $367 | $378 | $383 | $391 | $390 | $401 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 9% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 7% |