Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.06% | -0.03 | 1.10% |
| Return on Equity (%) | ▼ | 35.39% | -34.96 | 70.35% |
| Net Interest Margin (%) | ▲ | 3.93% | +0.14 | 3.78% |
| Efficiency Ratio (%) | ▼ | 77.28% | +1.52 | 75.76% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.01 | $1 |
| Cost of Funds (%) | ▲ | 0.92% | -0.04 | 0.96% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $248 | +6.00 | $242 |
| Gross Loans ($M) | ▲ | $133 | +16.35 | $117 |
| Loan Growth YoY (%) | ▲ | 55.56% | +6.89 | 48.67% |
| Total Deposits ($M) | ▲ | $237 | +0.00 | $237 |
| Shareholders Equity ($M) | ▲ | $8 | +4.02 | $4 |
| Tang. Book Value ($M) | ▲ | $8 | +4.02 | $4 |
| TBV excl. AOCI ($M)** | ▲ | $12 | +4.07 | $8 |
| Loan / Deposit Ratio (%) | ▲ | 55.56% | +6.89 | 48.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.84% | -0.03 | 0.87% |
| Allowance / Loans (%) | — | 1.02% | -0.14% | 1.16% |
| Net Charge-Off Ratio (%) | ▲ | 1.52% | -0.29 | 1.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.12% | -0.66 | 15.78% |
Noninterest income ($0.98M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▁▃▃▄██ | Net Interest Margin (%) | 3.79% | 3.78% | 3.73% | 3.78% | 3.79% | 3.83% | 3.94% | 3.93% |
| ██▅▃▃▄▃▁ | Return on Assets (%) | 1.16% | 1.16% | 1.12% | 1.10% | 1.09% | 1.10% | 1.09% | 1.06% |
| ▂▁▅▅▅▂▇█ | Efficiency Ratio (%) | 74.8% | 74.1% | 75.8% | 75.8% | 75.9% | 74.9% | 76.6% | 77.3% |
| ▁█▁▅▇▃▃▃ | Cost of Funds (%) | 0.89% | 1.01% | 0.89% | 0.96% | 0.99% | 0.93% | 0.93% | 0.92% |
| ▁▁▁███▇█ | NPA / Assets (%) | 0.11% | 0.10% | 0.09% | 0.87% | 0.89% | 0.89% | 0.77% | 0.84% |
| ▁▁▁███▆▇ | Net Charge-Off Ratio (%) | 0.23% | 0.20% | 0.19% | 1.80% | 1.74% | 1.69% | 1.38% | 1.52% |
| █▁▃▃▆▇▆█ | Tang. Book Value ($M) | $7 | $3 | $4 | $4 | $7 | $7 | $7 | $8 |
| ▁▁▂▂▅▇██ | Gross Loans ($M) | $113 | $115 | $116 | $117 | $124 | $129 | $131 | $133 |
| ▁▃██▇███ | Total Deposits ($M) | $217 | $224 | $237 | $237 | $235 | $237 | $238 | $237 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 7% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 6% |