Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.19% | -0.01 | 1.20% |
| Return on Equity (%) | ▼ | 10.64% | -1.62 | 12.26% |
| Net Interest Margin (%) | ▼ | 3.76% | -0.08 | 3.84% |
| Efficiency Ratio (%) | ▼ | 62.19% | +0.28 | 61.91% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.04 | $1 |
| Cost of Funds (%) | ▲ | 0.69% | -0.00 | 0.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $310 | +2.80 | $307 |
| Gross Loans ($M) | ▲ | $144 | +0.51 | $144 |
| Loan Growth YoY (%) | ▲ | 52.50% | +0.70 | 51.81% |
| Total Deposits ($M) | ▼ | $272 | -2.78 | $274 |
| Shareholders Equity ($M) | ▲ | $35 | +4.54 | $31 |
| Tang. Book Value ($M) | ▲ | $35 | +4.54 | $31 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +4.53 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 52.50% | +0.70 | 51.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.23 | 0.43% |
| Allowance / Loans (%) | — | 1.30% | 0.04% | 1.26% |
| Net Charge-Off Ratio (%) | ▲ | 0.43% | -0.21 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.80% | +2.36 | 22.43% |
Noninterest income ($0.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇█▃▆▅▆▁▃ | Net Interest Margin (%) | 3.86% | 3.89% | 3.77% | 3.84% | 3.83% | 3.84% | 3.72% | 3.76% |
| ▁▂▂▆▇█▄▅ | Return on Assets (%) | 1.05% | 1.11% | 1.11% | 1.20% | 1.24% | 1.28% | 1.15% | 1.19% |
| █▇▆▂▁▁▄▂ | Efficiency Ratio (%) | 66.6% | 65.2% | 64.4% | 61.9% | 60.8% | 60.8% | 63.0% | 62.2% |
| ▆▁▁▄██▆▄ | Cost of Funds (%) | 0.72% | 0.64% | 0.63% | 0.70% | 0.77% | 0.77% | 0.72% | 0.69% |
| █████▄▄▁ | NPA / Assets (%) | 0.41% | 0.41% | 0.40% | 0.43% | 0.43% | 0.30% | 0.29% | 0.20% |
| ▆▆▅██▁▁▁ | Net Charge-Off Ratio (%) | 0.58% | 0.56% | 0.55% | 0.64% | 0.62% | 0.43% | 0.43% | 0.43% |
| ▁▁▂▄▆▇██ | Tang. Book Value ($M) | $28 | $27 | $29 | $31 | $33 | $34 | $34 | $35 |
| ▁▄▅▅█▇▇▅ | Gross Loans ($M) | $138 | $143 | $144 | $144 | $149 | $146 | $146 | $144 |
| ▁▁▃█▇▆█▇ | Total Deposits ($M) | $257 | $259 | $263 | $274 | $272 | $270 | $274 | $272 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 5% |