Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.84% | +0.03 | 0.81% |
| Return on Equity (%) | ▲ | 10.88% | +0.44 | 10.44% |
| Net Interest Margin (%) | ▼ | 4.38% | -0.02 | 4.40% |
| Efficiency Ratio (%) | ▲ | 76.81% | -3.46 | 80.27% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.42 | $1 |
| Cost of Funds (%) | ▲ | 1.82% | -0.09 | 1.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $592 | +52.60 | $539 |
| Gross Loans ($M) | ▲ | $459 | +44.20 | $415 |
| Loan Growth YoY (%) | ▲ | 90.33% | +6.58 | 83.74% |
| Total Deposits ($M) | ▲ | $503 | +13.87 | $489 |
| Shareholders Equity ($M) | ▲ | $45 | +2.60 | $42 |
| Tang. Book Value ($M) | ▲ | $45 | +2.60 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +2.75 | $46 |
| Loan / Deposit Ratio (%) | ▲ | 90.33% | +6.58 | 83.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.83% | +0.60 | 1.22% |
| Allowance / Loans (%) | — | 1.12% | -0.24% | 1.36% |
| Net Charge-Off Ratio (%) | ▼ | 2.29% | +0.70 | 1.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.19% | -0.46 | 10.65% |
Noninterest income ($1.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▁▇██▁▆ | Net Interest Margin (%) | 4.42% | 4.41% | 4.31% | 4.40% | 4.42% | 4.43% | 4.29% | 4.38% |
| ▇█▁▄▅▇▄▅ | Return on Assets (%) | 0.90% | 0.94% | 0.71% | 0.81% | 0.84% | 0.89% | 0.82% | 0.84% |
| ▂▂██▅▃▄▁ | Efficiency Ratio (%) | 77.4% | 77.4% | 80.8% | 80.3% | 79.0% | 78.1% | 78.3% | 76.8% |
| █▅▄▄▄▃▁▁ | Cost of Funds (%) | 2.06% | 1.95% | 1.92% | 1.91% | 1.93% | 1.90% | 1.84% | 1.82% |
| ▁▁▁▁▁▄█▆ | NPA / Assets (%) | 1.25% | 1.17% | 1.15% | 1.22% | 1.18% | 1.58% | 2.13% | 1.83% |
| ▁▁▁▁▁▃█▆ | Net Charge-Off Ratio (%) | 1.63% | 1.52% | 1.51% | 1.59% | 1.52% | 1.95% | 2.68% | 2.29% |
| ▃▁▂▃▆█▇█ | Tang. Book Value ($M) | $42 | $41 | $42 | $42 | $44 | $45 | $45 | $45 |
| ▁▁▁▂▅▇▆█ | Gross Loans ($M) | $404 | $408 | $411 | $415 | $437 | $448 | $441 | $459 |
| ▁▃▆▅▄▇█▇ | Total Deposits ($M) | $465 | $477 | $497 | $489 | $485 | $499 | $509 | $503 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 15% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 9% |