Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.81% | -0.05 | 1.86% |
| Return on Equity (%) | ▲ | 17.50% | +1.38 | 16.12% |
| Net Interest Margin (%) | ▼ | 2.94% | -0.05 | 2.99% |
| Efficiency Ratio (%) | ▼ | 34.27% | +0.31 | 33.96% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.18 | $4 |
| Cost of Funds (%) | ▲ | 1.52% | -0.12 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $762 | -0.57 | $763 |
| Gross Loans ($M) | ▲ | $195 | +36.76 | $158 |
| Loan Growth YoY (%) | ▲ | 28.91% | +5.54 | 23.37% |
| Total Deposits ($M) | ▼ | $665 | -0.37 | $665 |
| Shareholders Equity ($M) | ▼ | $79 | -15.02 | $94 |
| Tang. Book Value ($M) | ▼ | $72 | -15.02 | $87 |
| TBV excl. AOCI ($M)** | ▼ | $98 | -12.38 | $111 |
| Loan / Deposit Ratio (%) | ▲ | 28.91% | +5.54 | 23.37% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.03 | 0.04% |
| Allowance / Loans (%) | — | 1.54% | -0.35% | 1.88% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.15 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 29.75% | -8.96 | 38.71% |
Noninterest income ($1.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▅▄▆▄▁▂ | Net Interest Margin (%) | 3.15% | 3.09% | 3.02% | 2.99% | 3.06% | 2.99% | 2.88% | 2.94% |
| ██▄▃▅▄▁▂ | Return on Assets (%) | 2.13% | 2.12% | 1.91% | 1.86% | 1.96% | 1.93% | 1.75% | 1.81% |
| ▂▁▂▆▅▅█▇ | Efficiency Ratio (%) | 32.7% | 32.1% | 32.7% | 34.0% | 33.6% | 33.6% | 34.7% | 34.3% |
| ██▅▄█▇▃▁ | Cost of Funds (%) | 1.74% | 1.74% | 1.66% | 1.63% | 1.77% | 1.71% | 1.58% | 1.52% |
| █▂▄▃▄▂▁▁ | NPA / Assets (%) | 0.12% | 0.02% | 0.06% | 0.04% | 0.06% | 0.02% | 0.02% | 0.01% |
| █▂▄▃▄▂▁▁ | Net Charge-Off Ratio (%) | 0.57% | 0.12% | 0.30% | 0.18% | 0.28% | 0.10% | 0.08% | 0.03% |
| ▄▄▆█▁▂▃▃ | Tang. Book Value ($M) | $75 | $73 | $81 | $87 | $64 | $68 | $70 | $72 |
| ▁▁▁▁▁▂▅█ | Gross Loans ($M) | $156 | $153 | $157 | $158 | $158 | $159 | $174 | $195 |
| ▁████▇▇█ | Total Deposits ($M) | $631 | $661 | $662 | $665 | $661 | $658 | $657 | $665 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 18% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 25% |