Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.81% | +0.00 | 1.81% |
| Return on Equity (%) | ▼ | 19.83% | -1.11 | 20.94% |
| Net Interest Margin (%) | ▼ | 4.35% | -0.06 | 4.41% |
| Efficiency Ratio (%) | ▲ | 62.39% | -0.49 | 62.88% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.14 | $2 |
| Cost of Funds (%) | ▼ | 1.21% | +0.09 | 1.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $354 | +28.18 | $326 |
| Gross Loans ($M) | ▲ | $191 | +11.19 | $180 |
| Loan Growth YoY (%) | ▼ | 60.76% | -2.52 | 63.29% |
| Total Deposits ($M) | ▲ | $311 | +29.67 | $281 |
| Shareholders Equity ($M) | ▲ | $33 | +2.45 | $30 |
| Tang. Book Value ($M) | ▲ | $33 | +2.45 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +2.86 | $36 |
| Loan / Deposit Ratio (%) | ▼ | 60.76% | -2.52 | 63.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.37% | +0.37 | 0.00% |
| Allowance / Loans (%) | — | 1.22% | 0.06% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.68% | +0.68 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -17.73 | 17.73% |
Noninterest income ($0.72M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▇██▄▄ | Net Interest Margin (%) | 4.26% | 4.28% | 4.38% | 4.41% | 4.45% | 4.45% | 4.35% | 4.35% |
| ▆▆▂▄▇█▁▅ | Return on Assets (%) | 1.84% | 1.84% | 1.74% | 1.81% | 1.87% | 1.92% | 1.70% | 1.81% |
| ▅▄▇▆▃▁█▅ | Efficiency Ratio (%) | 62.6% | 62.2% | 63.4% | 62.9% | 61.7% | 60.5% | 64.0% | 62.4% |
| █▅▁▃▄▁▂▆ | Cost of Funds (%) | 1.27% | 1.16% | 1.06% | 1.12% | 1.14% | 1.04% | 1.07% | 1.21% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.37% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.68% |
| ▄▁▃▆█▆▇█ | Tang. Book Value ($M) | $29 | $26 | $28 | $30 | $32 | $30 | $31 | $33 |
| ▁▂▂▄▃▅▆█ | Gross Loans ($M) | $171 | $175 | $174 | $180 | $178 | $181 | $185 | $191 |
| ▁▅▄▄▄▇▆█ | Total Deposits ($M) | $261 | $287 | $281 | $281 | $283 | $301 | $296 | $311 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 18% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 2% |