Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.25% | -0.01 | 1.26% |
| Return on Equity (%) | ▼ | 9.63% | -0.95 | 10.58% |
| Net Interest Margin (%) | ▲ | 5.03% | +0.11 | 4.92% |
| Efficiency Ratio (%) | ▼ | 71.16% | +1.96 | 69.20% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.28 | $2 |
| Cost of Funds (%) | ▲ | 0.71% | -0.04 | 0.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $514 | +14.98 | $499 |
| Gross Loans ($M) | ▼ | $294 | -4.10 | $298 |
| Loan Growth YoY (%) | ▼ | 65.49% | -2.70 | 68.19% |
| Total Deposits ($M) | ▲ | $444 | +11.76 | $432 |
| Shareholders Equity ($M) | ▲ | $65 | +2.85 | $62 |
| Tang. Book Value ($M) | ▲ | $65 | +2.85 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +3.91 | $69 |
| Loan / Deposit Ratio (%) | ▼ | 65.49% | -2.70 | 68.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.36% | -0.15 | 0.52% |
| Allowance / Loans (%) | — | 1.19% | -0.03% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.63% | -0.07 | 0.70% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▇██▇█ | Net Interest Margin (%) | 4.46% | 4.51% | 4.79% | 4.92% | 4.98% | 4.98% | 4.94% | 5.03% |
| ▁▂▁▅▇█▄▅ | Return on Assets (%) | 1.12% | 1.16% | 1.10% | 1.26% | 1.36% | 1.40% | 1.25% | 1.25% |
| ▃▆█▃▁▃▆█ | Efficiency Ratio (%) | 69.1% | 70.1% | 71.0% | 69.2% | 68.1% | 69.0% | 70.3% | 71.2% |
| █▇▃▂▃▂▁▁ | Cost of Funds (%) | 0.95% | 0.91% | 0.79% | 0.75% | 0.77% | 0.76% | 0.70% | 0.71% |
| ▃▄▅▃▅█▇▁ | NPA / Assets (%) | 0.52% | 0.64% | 0.71% | 0.52% | 0.67% | 0.92% | 0.83% | 0.36% |
| ▁▄▅▂▄██▁ | Net Charge-Off Ratio (%) | 0.52% | 0.89% | 1.02% | 0.70% | 0.96% | 1.41% | 1.44% | 0.63% |
| ▄▁▃▅▇██▇ | Tang. Book Value ($M) | $61 | $56 | $60 | $62 | $65 | $67 | $67 | $65 |
| █▅▅▄▆▁▁▁ | Gross Loans ($M) | $303 | $299 | $299 | $298 | $301 | $295 | $295 | $294 |
| ▁▄▅▃▃▁██ | Total Deposits ($M) | $428 | $434 | $437 | $432 | $431 | $426 | $444 | $444 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 13% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 47% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 6% |