Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.91% | +0.38 | 1.53% |
| Return on Equity (%) | ▲ | 13.72% | +1.49 | 12.23% |
| Net Interest Margin (%) | ▼ | 4.90% | -0.39 | 5.29% |
| Efficiency Ratio (%) | ▼ | 65.68% | +4.98 | 60.69% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.13 | $1 |
| Cost of Funds (%) | ▼ | 0.83% | +0.16 | 0.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $147 | +5.32 | $142 |
| Gross Loans ($M) | ▼ | $75 | -3.17 | $78 |
| Loan Growth YoY (%) | ▼ | 59.06% | -4.51 | 63.57% |
| Total Deposits ($M) | ▲ | $124 | +3.31 | $120 |
| Shareholders Equity ($M) | ▲ | $21 | +2.98 | $18 |
| Tang. Book Value ($M) | ▲ | $21 | +2.98 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +3.32 | $20 |
| Loan / Deposit Ratio (%) | ▼ | 59.06% | -4.51 | 63.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.01 | 0.09% |
| Allowance / Loans (%) | — | 1.98% | 0.48% | 1.50% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.01 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆▇▇█▃ | Net Interest Margin (%) | 4.63% | 4.69% | 5.08% | 5.29% | 5.36% | 5.37% | 5.54% | 4.90% |
| ▁▁▁▁▄▆██ | Return on Assets (%) | 1.47% | 1.51% | 1.51% | 1.53% | 1.70% | 1.83% | 1.95% | 1.91% |
| ▅▄▅▄▃▁▇█ | Efficiency Ratio (%) | 61.7% | 60.9% | 61.9% | 60.7% | 58.9% | 56.3% | 64.1% | 65.7% |
| ▃▂▁▄▇▇██ | Cost of Funds (%) | 0.63% | 0.62% | 0.55% | 0.66% | 0.77% | 0.77% | 0.83% | 0.83% |
| ▄█▃▃▃▁▁▂ | NPA / Assets (%) | 0.10% | 0.18% | 0.10% | 0.09% | 0.09% | 0.05% | 0.05% | 0.08% |
| ▄█▃▃▃▁▁▃ | Net Charge-Off Ratio (%) | 0.20% | 0.37% | 0.18% | 0.17% | 0.17% | 0.09% | 0.10% | 0.16% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $17 | $17 | $18 | $18 | $19 | $20 | $20 | $21 |
| ▁▂▅▆▇█▆▄ | Gross Loans ($M) | $67 | $70 | $76 | $78 | $81 | $83 | $77 | $75 |
| ▁▅▁▅▅█▅█ | Total Deposits ($M) | $116 | $121 | $116 | $120 | $121 | $125 | $121 | $124 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 10% |