Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.89% | -0.20 | 1.09% |
| Return on Equity (%) | ▼ | 8.40% | -2.35 | 10.75% |
| Net Interest Margin (%) | ▼ | 3.67% | -0.02 | 3.69% |
| Efficiency Ratio (%) | ▲ | 59.94% | -2.22 | 62.16% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.11 | $3 |
| Cost of Funds (%) | ▲ | 1.10% | -0.09 | 1.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $742 | +40.19 | $702 |
| Gross Loans ($M) | ▼ | $504 | -5.89 | $510 |
| Loan Growth YoY (%) | ▼ | 75.52% | -6.47 | 81.98% |
| Total Deposits ($M) | ▲ | $659 | +44.96 | $614 |
| Shareholders Equity ($M) | ▲ | $81 | +6.51 | $74 |
| Tang. Book Value ($M) | ▲ | $81 | +6.46 | $74 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +6.04 | $80 |
| Loan / Deposit Ratio (%) | ▼ | 75.52% | -6.47 | 81.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.58% | +0.98 | 0.59% |
| Allowance / Loans (%) | — | 1.21% | -0.01% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 2.32% | +1.51 | 0.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.35% | +0.95 | 16.40% |
Noninterest income ($1.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇███▆▇ | Net Interest Margin (%) | 3.36% | 3.42% | 3.66% | 3.69% | 3.72% | 3.70% | 3.60% | 3.67% |
| ▅▇▇███▁▅ | Return on Assets (%) | 0.91% | 0.98% | 1.01% | 1.09% | 1.08% | 1.05% | 0.64% | 0.89% |
| █▆█▆▃▂▁▃ | Efficiency Ratio (%) | 63.9% | 62.5% | 64.4% | 62.2% | 60.1% | 58.7% | 57.9% | 59.9% |
| █▆▂▂▄▃▂▁ | Cost of Funds (%) | 1.65% | 1.49% | 1.23% | 1.19% | 1.32% | 1.30% | 1.22% | 1.10% |
| ▁▂▃▃▅██▇ | NPA / Assets (%) | 0.00% | 0.45% | 0.58% | 0.59% | 0.94% | 1.81% | 1.62% | 1.58% |
| ▁▂▃▃▄███ | Net Charge-Off Ratio (%) | 0.00% | 0.61% | 0.80% | 0.82% | 1.27% | 2.55% | 2.24% | 2.32% |
| ▁▁▂▄▅▇▇█ | Tang. Book Value ($M) | $70 | $70 | $72 | $74 | $76 | $78 | $79 | $81 |
| ▄▄▄▂██▆▁ | Gross Loans ($M) | $519 | $519 | $521 | $510 | $538 | $542 | $530 | $504 |
| ▁▃▂▁▅█▆▆ | Total Deposits ($M) | $608 | $631 | $622 | $614 | $646 | $681 | $654 | $659 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 10% |