Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.08 | 1.14% |
| Return on Equity (%) | ▼ | 11.75% | -0.72 | 12.47% |
| Net Interest Margin (%) | ▲ | 4.63% | +0.35 | 4.28% |
| Efficiency Ratio (%) | ▲ | 65.38% | -4.02 | 69.40% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.17 | $1 |
| Cost of Funds (%) | ▼ | 0.92% | +0.01 | 0.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $180 | +6.24 | $174 |
| Gross Loans ($M) | ▲ | $122 | +9.31 | $112 |
| Loan Growth YoY (%) | ▲ | 75.34% | +3.91 | 71.43% |
| Total Deposits ($M) | ▲ | $160 | +4.05 | $156 |
| Shareholders Equity ($M) | ▲ | $19 | +2.16 | $17 |
| Tang. Book Value ($M) | ▲ | $19 | +2.16 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +1.97 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 75.34% | +3.91 | 71.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.00% | +1.46 | 1.54% |
| Allowance / Loans (%) | — | 1.19% | 0.06% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 4.43% | +2.06 | 2.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.98% | +0.28 | 15.69% |
Noninterest income ($0.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▃▄▅▆▇█ | Net Interest Margin (%) | 4.06% | 4.30% | 4.21% | 4.28% | 4.36% | 4.44% | 4.53% | 4.63% |
| ▇▇▇▇▁▇██ | Return on Assets (%) | 1.13% | 1.16% | 1.13% | 1.14% | 0.81% | 1.14% | 1.20% | 1.22% |
| ▆███▅▄▂▁ | Efficiency Ratio (%) | 68.6% | 69.9% | 69.7% | 69.4% | 67.8% | 67.6% | 66.0% | 65.4% |
| ▁▆█▇▆▆▆▇ | Cost of Funds (%) | 0.57% | 0.86% | 1.00% | 0.91% | 0.85% | 0.85% | 0.87% | 0.92% |
| ▁▁▂▄▅▄▆█ | NPA / Assets (%) | 0.14% | 0.17% | 0.83% | 1.54% | 1.61% | 1.32% | 2.02% | 3.00% |
| ▁▁▂▅▅▄▆█ | Net Charge-Off Ratio (%) | 0.21% | 0.26% | 1.26% | 2.37% | 2.47% | 1.95% | 3.01% | 4.43% |
| ▁▁▂▄▄▇▇█ | Tang. Book Value ($M) | $16 | $15 | $16 | $17 | $17 | $18 | $18 | $19 |
| ▁▂▃▂▃▇▇█ | Gross Loans ($M) | $111 | $112 | $114 | $112 | $115 | $120 | $120 | $122 |
| ▁▃▁▃▆▆██ | Total Deposits ($M) | $154 | $156 | $154 | $156 | $158 | $158 | $159 | $160 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 52% |
| C&I / Commercial | 24% |
| Consumer | 24% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 4% |