Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.69% | -0.07 | 0.76% |
| Return on Equity (%) | ▼ | 4.25% | -0.79 | 5.04% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.02 | 3.71% |
| Efficiency Ratio (%) | ▼ | 78.44% | +1.60 | 76.84% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.18 | $2 |
| Cost of Funds (%) | ▲ | 0.81% | -0.05 | 0.86% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $635 | +9.79 | $625 |
| Gross Loans ($M) | ▲ | $291 | +21.92 | $270 |
| Loan Growth YoY (%) | ▲ | 54.78% | +3.73 | 51.04% |
| Total Deposits ($M) | ▲ | $524 | +4.57 | $519 |
| Shareholders Equity ($M) | ▲ | $105 | +9.68 | $95 |
| Tang. Book Value ($M) | ▲ | $105 | +9.68 | $95 |
| TBV excl. AOCI ($M)** | ▲ | $119 | +8.55 | $110 |
| Loan / Deposit Ratio (%) | ▲ | 54.78% | +3.73 | 51.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.58% | +0.06 | 0.51% |
| Allowance / Loans (%) | — | 1.57% | -0.12% | 1.69% |
| Net Charge-Off Ratio (%) | ▼ | 1.18% | +0.21 | 0.97% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▇██▇▇ | Net Interest Margin (%) | 3.23% | 3.33% | 3.59% | 3.71% | 3.75% | 3.81% | 3.71% | 3.74% |
| ▅▅▁▆▇█▁▃ | Return on Assets (%) | 0.74% | 0.74% | 0.64% | 0.76% | 0.80% | 0.84% | 0.62% | 0.69% |
| ▁▂█▅▄▃█▇ | Efficiency Ratio (%) | 71.6% | 72.8% | 80.2% | 76.8% | 75.7% | 74.5% | 80.1% | 78.4% |
| █▄▂▂▂▁▁▁ | Cost of Funds (%) | 1.05% | 0.91% | 0.86% | 0.86% | 0.85% | 0.81% | 0.82% | 0.81% |
| ██▆▆▆▄▁▇ | NPA / Assets (%) | 0.63% | 0.61% | 0.53% | 0.51% | 0.51% | 0.43% | 0.26% | 0.58% |
| ██▆▄▄▃▁▆ | Net Charge-Off Ratio (%) | 1.58% | 1.47% | 1.22% | 0.97% | 0.97% | 0.91% | 0.51% | 1.18% |
| ▃▁▂▃▆▇▇█ | Tang. Book Value ($M) | $96 | $92 | $94 | $95 | $101 | $103 | $103 | $105 |
| ▁▁▁▄▆▆▆█ | Gross Loans ($M) | $248 | $252 | $248 | $270 | $276 | $277 | $280 | $291 |
| █▇▁▃█▇▄▅ | Total Deposits ($M) | $533 | $530 | $512 | $519 | $532 | $530 | $522 | $524 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 26% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 8% |