Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +1.46 | -0.03% |
| Return on Equity (%) | ▲ | 12.07% | +12.33 | -0.26% |
| Net Interest Margin (%) | ▼ | 5.42% | -0.05 | 5.47% |
| Efficiency Ratio (%) | ▲ | 67.20% | -0.36 | 67.55% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.14 | $1 |
| Cost of Funds (%) | ▼ | 0.37% | +0.05 | 0.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $130 | +4.54 | $125 |
| Gross Loans ($M) | ▼ | $75 | -8.67 | $84 |
| Loan Growth YoY (%) | ▼ | 65.63% | -10.70 | 76.33% |
| Total Deposits ($M) | ▲ | $113 | +5.84 | $108 |
| Shareholders Equity ($M) | ▲ | $15 | +0.72 | $15 |
| Tang. Book Value ($M) | ▲ | $13 | +0.72 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $15 | +0.94 | $14 |
| Loan / Deposit Ratio (%) | ▼ | 65.63% | -10.70 | 76.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.85% | +0.18 | 1.67% |
| Allowance / Loans (%) | — | 1.19% | -1.05% | 2.24% |
| Net Charge-Off Ratio (%) | ▼ | 3.18% | +0.69 | 2.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.85% | +2.49 | 14.35% |
Noninterest income ($0.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▆▇██▇▆ | Net Interest Margin (%) | 4.92% | 5.20% | 5.41% | 5.47% | 5.52% | 5.58% | 5.47% | 5.42% |
| ███▁▄▅▇▇ | Return on Assets (%) | 1.49% | 1.64% | 1.53% | -0.03% | 0.61% | 0.89% | 1.34% | 1.43% |
| ▄▂█▅▆▆▁▅ | Efficiency Ratio (%) | 66.8% | 64.5% | 70.1% | 67.6% | 67.8% | 67.9% | 63.6% | 67.2% |
| ▂▁▂▄█▅▇▇ | Cost of Funds (%) | 0.28% | 0.25% | 0.28% | 0.32% | 0.39% | 0.33% | 0.36% | 0.37% |
| ▂▃█▆▅▁█▇ | NPA / Assets (%) | 0.91% | 1.01% | 2.13% | 1.67% | 1.57% | 0.59% | 2.21% | 1.85% |
| ▂▃▇▅▅▁█▇ | Net Charge-Off Ratio (%) | 1.56% | 1.59% | 3.10% | 2.49% | 2.42% | 0.93% | 3.53% | 3.18% |
| ▁▅█▁▅███ | Tang. Book Value ($M) | $12 | $13 | $13 | $12 | $13 | $13 | $13 | $13 |
| ▅███▇▅▄▁ | Gross Loans ($M) | $80 | $84 | $85 | $84 | $82 | $81 | $79 | $75 |
| █▆▁▁▃▃▂▄ | Total Deposits ($M) | $122 | $118 | $107 | $108 | $111 | $112 | $110 | $113 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 20% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 4% |