Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.70% | +0.02 | 1.69% |
| Return on Equity (%) | ▲ | 12.03% | +0.84 | 11.19% |
| Net Interest Margin (%) | ▼ | 5.25% | -0.42 | 5.67% |
| Efficiency Ratio (%) | ▼ | 69.67% | +0.71 | 68.97% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.63 | $2 |
| Cost of Funds (%) | ▼ | 1.31% | +0.13 | 1.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $666 | +16.48 | $649 |
| Gross Loans ($M) | ▲ | $516 | +3.91 | $512 |
| Loan Growth YoY (%) | ▼ | 89.37% | -4.55 | 93.92% |
| Total Deposits ($M) | ▲ | $560 | +32.07 | $528 |
| Shareholders Equity ($M) | ▼ | $95 | -2.10 | $97 |
| Tang. Book Value ($M) | ▼ | $95 | -2.10 | $97 |
| TBV excl. AOCI ($M)** | ▼ | $97 | -2.19 | $100 |
| Loan / Deposit Ratio (%) | ▼ | 89.37% | -4.55 | 93.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.03% | +0.05 | 0.98% |
| Allowance / Loans (%) | — | 3.09% | -0.17% | 3.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.73% | +0.15 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆█▅▆▆▅▁▂ | Net Interest Margin (%) | 5.67% | 6.00% | 5.65% | 5.67% | 5.73% | 5.65% | 5.06% | 5.25% |
| ▅█▄▁▂▄▁▁ | Return on Assets (%) | 1.99% | 2.22% | 1.91% | 1.69% | 1.73% | 1.87% | 1.63% | 1.70% |
| ▂▁▃██▅██ | Efficiency Ratio (%) | 64.4% | 63.0% | 65.1% | 69.0% | 68.9% | 66.6% | 69.5% | 69.7% |
| ▂▂▁▃▆██▆ | Cost of Funds (%) | 1.15% | 1.15% | 1.08% | 1.18% | 1.32% | 1.38% | 1.41% | 1.31% |
| ▄▄█▃▂▂▁▃ | NPA / Assets (%) | 1.09% | 1.09% | 1.51% | 0.98% | 0.88% | 0.88% | 0.75% | 1.03% |
| ▃▃█▂▂▂▁▄ | Net Charge-Off Ratio (%) | 0.59% | 0.60% | 1.13% | 0.58% | 0.53% | 0.57% | 0.40% | 0.73% |
| ▂▁▄▆█▇▁▃ | Tang. Book Value ($M) | $95 | $94 | $96 | $97 | $99 | $98 | $93 | $95 |
| ▁▁▇▆█▅▅▇ | Gross Loans ($M) | $497 | $497 | $517 | $512 | $521 | $511 | $511 | $516 |
| ▁▁▂▂▄▆█▆ | Total Deposits ($M) | $516 | $517 | $524 | $528 | $544 | $560 | $578 | $560 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 19% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 10% |