Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.82% | -0.10 | 0.92% |
| Return on Equity (%) | ▼ | 5.29% | -0.07 | 5.36% |
| Net Interest Margin (%) | ▼ | 3.30% | -0.47 | 3.77% |
| Efficiency Ratio (%) | ▼ | 81.23% | +1.40 | 79.83% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.27 | $3 |
| Cost of Funds (%) | ▲ | 1.70% | -0.39 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $983 | +131.33 | $852 |
| Gross Loans ($M) | ▼ | $544 | -17.56 | $562 |
| Loan Growth YoY (%) | ▼ | 137.34% | -20.66 | 158.00% |
| Total Deposits ($M) | ▲ | $384 | +39.07 | $345 |
| Shareholders Equity ($M) | ▲ | $165 | +2.58 | $163 |
| Tang. Book Value ($M) | ▲ | $165 | +2.58 | $162 |
| TBV excl. AOCI ($M)** | ▲ | $168 | +2.18 | $166 |
| Loan / Deposit Ratio (%) | ▼ | 137.34% | -20.66 | 158.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.43% | -0.15 | 0.59% |
| Allowance / Loans (%) | — | 3.17% | 0.10% | 3.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.78% | -0.11 | 0.89% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($7.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▆▇██▇▁▃ | Net Interest Margin (%) | 3.55% | 3.59% | 3.60% | 3.77% | 3.69% | 3.61% | 3.10% | 3.30% |
| ▄▅█▆▅▅▁▂ | Return on Assets (%) | 0.87% | 0.88% | 0.98% | 0.92% | 0.88% | 0.89% | 0.77% | 0.82% |
| ▅█▁▂▄▆▆▅ | Efficiency Ratio (%) | 81.0% | 83.0% | 78.8% | 79.8% | 80.7% | 81.7% | 81.8% | 81.2% |
| █▆▄▆▂▄▁▂ | Cost of Funds (%) | 2.36% | 2.11% | 1.92% | 2.10% | 1.64% | 1.84% | 1.48% | 1.70% |
| ▁▃█▅▄▄▃▄ | NPA / Assets (%) | 0.18% | 0.42% | 0.84% | 0.59% | 0.49% | 0.43% | 0.39% | 0.43% |
| ▁▃█▅▅▅▄▄ | Net Charge-Off Ratio (%) | 0.25% | 0.59% | 1.42% | 0.89% | 0.88% | 0.85% | 0.83% | 0.78% |
| ▂▁▄▅▅▇█▇ | Tang. Book Value ($M) | $158 | $156 | $160 | $162 | $162 | $164 | $167 | $165 |
| ▇█▃▂▁▁▁▁ | Gross Loans ($M) | $648 | $678 | $593 | $562 | $551 | $548 | $547 | $544 |
| ▂▁▃▁▆█▄▄ | Total Deposits ($M) | $362 | $337 | $371 | $345 | $412 | $452 | $391 | $384 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 6% |
| Other | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 98% |
| Interest-Bearing (core) | 2% |