Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.36% | +0.20 | 1.16% |
| Return on Equity (%) | ▲ | 14.34% | +1.39 | 12.95% |
| Net Interest Margin (%) | ▲ | 4.17% | +0.38 | 3.79% |
| Efficiency Ratio (%) | ▲ | 68.79% | -2.04 | 70.83% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.02 | $1 |
| Cost of Funds (%) | ▲ | 1.28% | -0.30 | 1.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $340 | +8.89 | $331 |
| Gross Loans ($M) | ▼ | $268 | -4.95 | $273 |
| Loan Growth YoY (%) | ▼ | 101.06% | -9.79 | 110.85% |
| Total Deposits ($M) | ▲ | $263 | +18.36 | $244 |
| Shareholders Equity ($M) | ▲ | $31 | +1.69 | $30 |
| Tang. Book Value ($M) | ▲ | $31 | +1.69 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +1.91 | $31 |
| Loan / Deposit Ratio (%) | ▼ | 101.06% | -9.79 | 110.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.32% | -0.21 | 0.53% |
| Allowance / Loans (%) | — | 0.94% | 0.17% | 0.77% |
| Net Charge-Off Ratio (%) | ▲ | 0.40% | -0.05 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆██ | Net Interest Margin (%) | 3.51% | 3.57% | 3.73% | 3.79% | 3.88% | 3.97% | 4.10% | 4.17% |
| ▁▁▃▅▆▇██ | Return on Assets (%) | 0.83% | 0.81% | 1.03% | 1.16% | 1.24% | 1.28% | 1.41% | 1.36% |
| ██▅▃▂▂▁▁ | Efficiency Ratio (%) | 77.8% | 77.2% | 73.1% | 70.8% | 69.4% | 69.4% | 67.5% | 68.8% |
| █▇▇▇█▆▄▁ | Cost of Funds (%) | 1.66% | 1.60% | 1.57% | 1.58% | 1.62% | 1.56% | 1.43% | 1.28% |
| █▆▃▃▃▂▃▁ | NPA / Assets (%) | 0.94% | 0.73% | 0.53% | 0.53% | 0.48% | 0.47% | 0.48% | 0.32% |
| █▆▂▂▁▁▂▁ | Net Charge-Off Ratio (%) | 1.10% | 0.85% | 0.44% | 0.45% | 0.35% | 0.34% | 0.47% | 0.40% |
| ▃▁▂▄▆▇▇█ | Tang. Book Value ($M) | $29 | $29 | $29 | $30 | $30 | $31 | $31 | $31 |
| ▂█▆▇▅▃▁▃ | Gross Loans ($M) | $268 | $275 | $272 | $273 | $271 | $268 | $265 | $268 |
| ▅▁▂▃▃▁▄█ | Total Deposits ($M) | $249 | $236 | $241 | $244 | $242 | $236 | $246 | $263 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 7% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 10% |