Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.65% | +0.31 | 1.34% |
| Return on Equity (%) | ▲ | 7.78% | +1.40 | 6.38% |
| Net Interest Margin (%) | ▼ | 4.29% | -0.01 | 4.30% |
| Efficiency Ratio (%) | ▲ | 55.75% | -5.91 | 61.66% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.12 | $1 |
| Cost of Funds (%) | ▲ | 1.01% | -0.02 | 1.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $160 | +3.01 | $157 |
| Gross Loans ($M) | ▲ | $79 | +2.08 | $77 |
| Loan Growth YoY (%) | ▲ | 62.77% | +0.72 | 62.05% |
| Total Deposits ($M) | ▲ | $124 | +1.75 | $122 |
| Shareholders Equity ($M) | ▲ | $34 | +1.47 | $33 |
| Tang. Book Value ($M) | ▲ | $34 | +1.47 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $36 | +1.27 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 62.77% | +0.72 | 62.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.01 | 0.02% |
| Allowance / Loans (%) | — | 2.26% | 0.07% | 2.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.01 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▃▄▆▇▁▄ | Net Interest Margin (%) | 4.46% | 4.44% | 4.25% | 4.30% | 4.37% | 4.40% | 4.16% | 4.29% |
| ▇▄▁▃▅▇▇█ | Return on Assets (%) | 1.54% | 1.40% | 1.18% | 1.34% | 1.47% | 1.55% | 1.59% | 1.65% |
| ▄▅█▆▄▂▂▁ | Efficiency Ratio (%) | 59.6% | 60.6% | 65.1% | 61.7% | 59.3% | 57.7% | 57.2% | 55.7% |
| ▁▆▆███▆▇ | Cost of Funds (%) | 0.82% | 0.98% | 0.98% | 1.03% | 1.04% | 1.05% | 0.98% | 1.01% |
| ▁▁▂▇▁█▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.02% | 0.00% | 0.02% |
| ▁▁▂▇▁█▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% | 0.04% | 0.00% | 0.04% |
| ▆▁▂▃▆███ | Tang. Book Value ($M) | $33 | $32 | $32 | $33 | $33 | $34 | $34 | $34 |
| ▁▅▆▆██▆█ | Gross Loans ($M) | $72 | $77 | $78 | $77 | $80 | $79 | $78 | $79 |
| ▁▁▅▆▆▅█▇ | Total Deposits ($M) | $113 | $114 | $121 | $122 | $123 | $121 | $126 | $124 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 6% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 5% |