Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.05% | -0.47 | 1.52% |
| Return on Equity (%) | ▼ | 10.43% | -4.70 | 15.13% |
| Net Interest Margin (%) | ▼ | 4.66% | -0.30 | 4.96% |
| Efficiency Ratio (%) | ▼ | 78.95% | +6.04 | 72.91% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.09 | $0 |
| Cost of Funds (%) | ▼ | 1.39% | +0.14 | 1.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $162 | +12.11 | $150 |
| Gross Loans ($M) | ▲ | $111 | +5.63 | $106 |
| Loan Growth YoY (%) | ▼ | 75.64% | -2.03 | 77.67% |
| Total Deposits ($M) | ▲ | $146 | +10.76 | $135 |
| Shareholders Equity ($M) | ▲ | $16 | +1.42 | $15 |
| Tang. Book Value ($M) | ▲ | $16 | +1.42 | $15 |
| Loan / Deposit Ratio (%) | ▼ | 75.64% | -2.03 | 77.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.71% | -0.02 | 0.73% |
| Allowance / Loans (%) | — | 1.16% | 0.15% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 0.05% | +0.04 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.96% | +0.20 | 18.76% |
Noninterest income ($0.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▄██▇▆▁▃ | Net Interest Margin (%) | 4.60% | 4.71% | 5.00% | 4.96% | 4.92% | 4.85% | 4.53% | 4.66% |
| ▁▁█▇▇▅▂▁ | Return on Assets (%) | 1.00% | 0.99% | 1.69% | 1.52% | 1.51% | 1.34% | 1.09% | 1.05% |
| ██▁▂▁▃▅▇ | Efficiency Ratio (%) | 81.1% | 81.7% | 70.0% | 72.9% | 71.4% | 73.6% | 76.7% | 78.9% |
| █▂▁▂▄▆▅▄ | Cost of Funds (%) | 1.61% | 1.28% | 1.19% | 1.25% | 1.38% | 1.45% | 1.43% | 1.39% |
| ▃▃▃▁█▁▆▁ | NPA / Assets (%) | 0.77% | 0.77% | 0.78% | 0.73% | 0.91% | 0.71% | 0.84% | 0.71% |
| ▁▁▁▁█▁▆▁ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.02% | 0.01% | 0.35% | 0.05% | 0.23% | 0.05% |
| ▂▁▂▃▇█▇█ | Tang. Book Value ($M) | $14 | $14 | $14 | $15 | $16 | $16 | $16 | $16 |
| ▂▂▇▄▁▅▆█ | Gross Loans ($M) | $104 | $103 | $109 | $106 | $102 | $107 | $108 | $111 |
| ▁▁▁▄▇█▇█ | Total Deposits ($M) | $128 | $127 | $126 | $135 | $142 | $145 | $142 | $146 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 8% |