Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.55% | -0.28 | 0.83% |
| Return on Equity (%) | ▼ | 5.12% | -5.23 | 10.35% |
| Net Interest Margin (%) | ▼ | 2.03% | -1.98 | 4.01% |
| Efficiency Ratio (%) | ▲ | 59.68% | -11.12 | 70.80% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.28 | $1 |
| Cost of Funds (%) | ▲ | 0.33% | -1.41 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $208 | +18.72 | $189 |
| Gross Loans ($M) | ▼ | $142 | -2.72 | $145 |
| Loan Growth YoY (%) | ▼ | 78.99% | -5.31 | 84.30% |
| Total Deposits ($M) | ▲ | $176 | +6.38 | $170 |
| Shareholders Equity ($M) | ▲ | $31 | +15.24 | $15 |
| Tang. Book Value ($M) | ▼ | $13 | -0.41 | $14 |
| TBV excl. AOCI ($M)** | ▼ | $15 | -0.48 | $15 |
| Loan / Deposit Ratio (%) | ▼ | 78.99% | -5.31 | 84.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.42% | +0.30 | 0.12% |
| Allowance / Loans (%) | — | 2.30% | 0.92% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 0.61% | +0.54 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 9.91% | -1.61 | 11.53% |
Noninterest income ($-0.05M) 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 (%) | 3.75% | 3.78% | 4.10% | 4.01% | 4.02% | 4.04% | 4.13% | 2.03% |
| ▄▅▂▅▇█▅▁ | Return on Assets (%) | 0.78% | 0.85% | 0.63% | 0.83% | 0.95% | 1.06% | 0.86% | 0.55% |
| ▅▅▇▆▅▅█▁ | Efficiency Ratio (%) | 68.5% | 68.2% | 71.6% | 70.8% | 69.2% | 68.1% | 75.4% | 59.7% |
| ██▇█▇▇▆▁ | Cost of Funds (%) | 1.91% | 1.80% | 1.71% | 1.75% | 1.68% | 1.59% | 1.43% | 0.33% |
| ▁▄▁▂▁▆▂█ | NPA / Assets (%) | 0.03% | 0.19% | 0.07% | 0.12% | 0.06% | 0.32% | 0.08% | 0.42% |
| ▁▃▁▁▁▆▂█ | Net Charge-Off Ratio (%) | 0.03% | 0.24% | 0.09% | 0.08% | 0.08% | 0.43% | 0.11% | 0.61% |
| ▁▁▂▃▆██▁ | Tang. Book Value ($M) | $13 | $13 | $14 | $14 | $14 | $15 | $15 | $13 |
| █▆▄▃▃▃▄▁ | Gross Loans ($M) | $150 | $148 | $146 | $145 | $144 | $145 | $145 | $142 |
| ▂▂▅▁▃▆█▆ | Total Deposits ($M) | $172 | $171 | $175 | $170 | $173 | $176 | $179 | $176 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 7% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 15% |