Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.94% | -0.69 | 1.63% |
| Return on Equity (%) | ▼ | 15.84% | -18.14 | 33.98% |
| Net Interest Margin (%) | ▲ | 3.38% | +0.81 | 2.57% |
| Efficiency Ratio (%) | ▼ | 72.97% | +28.45 | 44.52% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.63 | $0 |
| Cost of Funds (%) | ▲ | 1.20% | -0.39 | 1.59% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $376 | +27.41 | $348 |
| Gross Loans ($M) | ▲ | $171 | +7.90 | $163 |
| Loan Growth YoY (%) | ▼ | 51.26% | -1.78 | 53.04% |
| Total Deposits ($M) | ▲ | $328 | +25.54 | $303 |
| Shareholders Equity ($M) | ▲ | $22 | +2.95 | $19 |
| Tang. Book Value ($M) | ▲ | $20 | +2.86 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +4.27 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 51.26% | -1.78 | 53.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.14% | +0.09 | 0.06% |
| Allowance / Loans (%) | — | 1.33% | 0.06% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 0.32% | +0.19 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.02% | -2.14 | 14.15% |
Noninterest income ($0.86M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▇█ | Net Interest Margin (%) | 2.22% | 2.25% | 2.34% | 2.57% | 2.69% | 2.82% | 3.15% | 3.38% |
| ▁▁█▃▁▁▂▂ | Return on Assets (%) | 0.17% | 0.15% | 5.81% | 1.63% | 0.61% | 0.62% | 0.92% | 0.94% |
| ██▁▃▄▄▇▇ | Efficiency Ratio (%) | 85.2% | 83.3% | 29.9% | 44.5% | 51.8% | 56.0% | 76.1% | 73.0% |
| ██▆▆▅▅▂▁ | Cost of Funds (%) | 1.76% | 1.80% | 1.64% | 1.59% | 1.54% | 1.51% | 1.29% | 1.20% |
| ▁▁▄▄▁▁▁█ | NPA / Assets (%) | 0.01% | 0.01% | 0.06% | 0.06% | 0.00% | 0.01% | 0.01% | 0.14% |
| ▁▁▄▄▁▁▁█ | Net Charge-Off Ratio (%) | 0.02% | 0.02% | 0.13% | 0.12% | 0.00% | 0.02% | 0.02% | 0.32% |
| ▃▁▆▆████ | Tang. Book Value ($M) | $13 | $10 | $17 | $17 | $19 | $20 | $20 | $20 |
| ▁▃▁▅▅▃▃█ | Gross Loans ($M) | $154 | $159 | $155 | $163 | $163 | $160 | $160 | $171 |
| ▁▁▃▃▃▄▆█ | Total Deposits ($M) | $289 | $293 | $303 | $303 | $302 | $308 | $315 | $328 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 11% |
| Consumer | 7% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 85% |
| Brokered / Other | 7% |