Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.21 | 1.08% |
| Return on Equity (%) | ▲ | 13.98% | +1.59 | 12.39% |
| Net Interest Margin (%) | ▲ | 4.08% | +0.12 | 3.96% |
| Efficiency Ratio (%) | ▲ | 57.93% | -4.70 | 62.63% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.69 | $3 |
| Cost of Funds (%) | ▲ | 1.90% | -0.24 | 2.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $677 | +42.12 | $635 |
| Gross Loans ($M) | ▲ | $519 | +17.23 | $502 |
| Loan Growth YoY (%) | ▼ | 85.58% | -2.29 | 87.87% |
| Total Deposits ($M) | ▲ | $600 | +34.41 | $566 |
| Shareholders Equity ($M) | ▲ | $64 | +7.97 | $56 |
| Tang. Book Value ($M) | ▲ | $64 | +7.97 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +8.48 | $59 |
| Loan / Deposit Ratio (%) | ▼ | 85.58% | -2.29 | 87.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.36% | -0.20 | 0.56% |
| Allowance / Loans (%) | — | 1.05% | 0.11% | 0.94% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.23 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.09M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▁▃▇█▄█ | Net Interest Margin (%) | 3.98% | 4.01% | 3.89% | 3.96% | 4.05% | 4.10% | 3.97% | 4.08% |
| ▇▄▁▂▅▂▆█ | Return on Assets (%) | 1.24% | 1.16% | 1.04% | 1.08% | 1.19% | 1.09% | 1.22% | 1.29% |
| ▁▃█▇▄▆▂▁ | Efficiency Ratio (%) | 58.1% | 59.6% | 63.7% | 62.6% | 60.2% | 62.2% | 58.9% | 57.9% |
| ▇█▇▇▅▄▁▁ | Cost of Funds (%) | 2.16% | 2.21% | 2.16% | 2.14% | 2.07% | 2.03% | 1.94% | 1.90% |
| ▄▁█▇▇▂▂▁ | NPA / Assets (%) | 0.45% | 0.32% | 0.62% | 0.56% | 0.55% | 0.39% | 0.36% | 0.36% |
| █▁█▆▆▂▂▂ | Net Charge-Off Ratio (%) | 0.53% | 0.08% | 0.47% | 0.40% | 0.39% | 0.19% | 0.18% | 0.16% |
| ▄▁▂▃▆▅▇█ | Tang. Book Value ($M) | $58 | $53 | $55 | $56 | $60 | $60 | $61 | $64 |
| ▂▃▁▂▅█▂█ | Gross Loans ($M) | $501 | $504 | $496 | $502 | $510 | $517 | $500 | $519 |
| ▁▃▃▄▄▆██ | Total Deposits ($M) | $541 | $563 | $561 | $566 | $569 | $583 | $604 | $600 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 33% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 12% |