Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.74% | -0.37 | 1.11% |
| Return on Equity (%) | ▼ | 7.43% | -4.94 | 12.37% |
| Net Interest Margin (%) | ▼ | 4.50% | -0.03 | 4.53% |
| Efficiency Ratio (%) | ▲ | 61.17% | -3.35 | 64.52% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.70 | $4 |
| Cost of Funds (%) | ▲ | 2.13% | -0.30 | 2.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $840 | -22.98 | $863 |
| Gross Loans ($M) | ▼ | $634 | -28.20 | $663 |
| Loan Growth YoY (%) | ▼ | 90.79% | -1.31 | 92.11% |
| Total Deposits ($M) | ▼ | $689 | -21.86 | $710 |
| Shareholders Equity ($M) | ▲ | $85 | +6.26 | $79 |
| Tang. Book Value ($M) | ▲ | $84 | +6.85 | $77 |
| TBV excl. AOCI ($M)** | ▲ | $90 | +6.29 | $83 |
| Loan / Deposit Ratio (%) | ▼ | 90.79% | -1.31 | 92.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.83% | +2.28 | 2.54% |
| Allowance / Loans (%) | — | 1.46% | 0.21% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 6.39% | +3.08 | 3.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -10.84 | 10.84% |
Noninterest income ($2.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▄▆▇▁▄ | Net Interest Margin (%) | 4.74% | 4.72% | 4.67% | 4.53% | 4.61% | 4.67% | 4.35% | 4.50% |
| ▃▃█▅▆▅▁▁ | Return on Assets (%) | 0.95% | 0.96% | 1.37% | 1.11% | 1.18% | 1.13% | 0.77% | 0.74% |
| ▄▂▃▄▁▂█▁ | Efficiency Ratio (%) | 64.5% | 62.5% | 63.3% | 64.5% | 61.6% | 62.6% | 67.9% | 61.2% |
| █▃▅▅▄▂▁▁ | Cost of Funds (%) | 2.62% | 2.29% | 2.41% | 2.42% | 2.34% | 2.25% | 2.15% | 2.13% |
| ▁▁▁▃▃▆██ | NPA / Assets (%) | 1.19% | 1.36% | 1.18% | 2.54% | 2.45% | 3.60% | 4.72% | 4.83% |
| ▁▁▁▄▄▆██ | Net Charge-Off Ratio (%) | 0.88% | 1.14% | 1.52% | 3.31% | 3.13% | 4.59% | 6.06% | 6.39% |
| ▁▁▃▄▆▇██ | Tang. Book Value ($M) | $73 | $73 | $76 | $77 | $80 | $82 | $83 | $84 |
| ▁█████▇▅ | Gross Loans ($M) | $594 | $671 | $666 | $663 | $671 | $663 | $659 | $634 |
| ▁██▄██▂▁ | Total Deposits ($M) | $689 | $732 | $735 | $710 | $734 | $734 | $698 | $689 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 17% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 22% |