Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.02% | -0.26 | 1.28% |
| Return on Equity (%) | ▼ | 9.63% | -3.15 | 12.78% |
| Net Interest Margin (%) | ▼ | 4.44% | -0.12 | 4.56% |
| Efficiency Ratio (%) | ▼ | 77.76% | +4.91 | 72.85% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.19 | $1 |
| Cost of Funds (%) | ▲ | 1.54% | -0.04 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $217 | +1.48 | $216 |
| Gross Loans ($M) | ▲ | $163 | +2.54 | $160 |
| Loan Growth YoY (%) | ▲ | 84.11% | +1.51 | 82.60% |
| Total Deposits ($M) | ▼ | $191 | -0.37 | $191 |
| Shareholders Equity ($M) | ▲ | $23 | +1.43 | $21 |
| Tang. Book Value ($M) | ▲ | $21 | +1.43 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $22 | +1.51 | $20 |
| Loan / Deposit Ratio (%) | ▲ | 84.11% | +1.51 | 82.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.94% | +1.69 | 1.25% |
| Allowance / Loans (%) | — | 1.26% | -0.04% | 1.30% |
| Net Charge-Off Ratio (%) | ▼ | 3.35% | +2.98 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.35% | +1.06 | 13.29% |
Noninterest income ($0.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▇██▃▂ | Net Interest Margin (%) | 4.39% | 4.42% | 4.52% | 4.56% | 4.61% | 4.62% | 4.45% | 4.44% |
| ▅▄▃▃██▁▁ | Return on Assets (%) | 1.40% | 1.37% | 1.22% | 1.28% | 1.76% | 1.75% | 1.04% | 1.02% |
| ▄▄▆▅▁▁██ | Efficiency Ratio (%) | 71.5% | 71.7% | 74.5% | 72.8% | 66.5% | 66.4% | 77.6% | 77.8% |
| ▆▅▄▅█▄▁▂ | Cost of Funds (%) | 1.59% | 1.57% | 1.56% | 1.58% | 1.62% | 1.55% | 1.51% | 1.54% |
| ▁▁▂▁▁▅▇█ | NPA / Assets (%) | 1.16% | 1.18% | 1.42% | 1.25% | 1.27% | 2.26% | 2.63% | 2.94% |
| ▁▁▁▁▃▆▇█ | Net Charge-Off Ratio (%) | 0.41% | 0.37% | 0.69% | 0.37% | 1.12% | 2.47% | 2.92% | 3.35% |
| ▁▂▃▃██▆▇ | Tang. Book Value ($M) | $18 | $19 | $19 | $19 | $21 | $21 | $20 | $21 |
| ▁▅▅▇▅▅██ | Gross Loans ($M) | $151 | $158 | $158 | $160 | $157 | $157 | $163 | $163 |
| ▁▂▃█▅▆██ | Total Deposits ($M) | $183 | $185 | $186 | $191 | $187 | $189 | $191 | $191 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 14% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 18% |