Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.22% | +0.07 | 0.15% |
| Return on Equity (%) | ▲ | 40.48% | +40.48 | 0.00% |
| Net Interest Margin (%) | ▲ | 2.78% | +0.31 | 2.47% |
| Efficiency Ratio (%) | ▲ | 84.48% | -2.39 | 86.86% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.17 | $1 |
| Cost of Funds (%) | ▲ | 1.65% | -0.19 | 1.84% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $643 | -24.64 | $667 |
| Gross Loans ($M) | ▲ | $298 | +11.38 | $286 |
| Loan Growth YoY (%) | ▲ | 48.20% | +4.25 | 43.95% |
| Total Deposits ($M) | ▼ | $608 | -34.78 | $642 |
| Shareholders Equity ($M) | ▲ | $7 | +10.30 | $-3 |
| Tang. Book Value ($M) | ▲ | $7 | +10.30 | $-3 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +10.45 | $10 |
| Loan / Deposit Ratio (%) | ▲ | 48.20% | +4.25 | 43.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.59% | +0.24 | 0.35% |
| Allowance / Loans (%) | — | 1.58% | 0.23% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 1.27% | +0.45 | 0.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.14% | +0.59 | 14.55% |
Noninterest income ($1.10M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▂▃▇█ | Net Interest Margin (%) | 2.42% | 2.42% | 2.43% | 2.47% | 2.50% | 2.54% | 2.71% | 2.78% |
| █▆▁▁▃▂▅▃ | Return on Assets (%) | 0.37% | 0.31% | 0.15% | 0.15% | 0.20% | 0.19% | 0.28% | 0.22% |
| ▁▃█▇▆▅▆▅ | Efficiency Ratio (%) | 78.9% | 81.4% | 88.8% | 86.9% | 86.2% | 84.0% | 85.8% | 84.5% |
| ██▅▄▅▄▂▁ | Cost of Funds (%) | 2.12% | 2.09% | 1.93% | 1.84% | 1.93% | 1.87% | 1.71% | 1.65% |
| ▂▁▅▄▄▄▄█ | NPA / Assets (%) | 0.24% | 0.14% | 0.37% | 0.35% | 0.35% | 0.35% | 0.36% | 0.59% |
| ▃▁▅▅▅▄▄█ | Net Charge-Off Ratio (%) | 0.60% | 0.32% | 0.83% | 0.82% | 0.80% | 0.79% | 0.78% | 1.27% |
| ▆▁▁▃▄▆▆█ | Tang. Book Value ($M) | $3 | $-8 | $-6 | $-3 | $-1 | $2 | $2 | $7 |
| ▁▁▂▅▆▅▇█ | Gross Loans ($M) | $272 | $271 | $277 | $286 | $289 | $287 | $292 | $298 |
| ▅▁▁█▆▄▂▂ | Total Deposits ($M) | $623 | $604 | $602 | $642 | $629 | $619 | $608 | $608 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 14% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 10% |