Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.98% | -0.29 | 1.26% |
| Return on Equity (%) | ▼ | 9.86% | -3.05 | 12.91% |
| Net Interest Margin (%) | ▲ | 4.22% | +0.15 | 4.07% |
| Efficiency Ratio (%) | ▼ | 74.39% | +6.91 | 67.48% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.34 | $2 |
| Cost of Funds (%) | ▲ | 1.33% | -0.20 | 1.53% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $713 | +57.96 | $655 |
| Gross Loans ($M) | ▲ | $541 | +29.28 | $512 |
| Loan Growth YoY (%) | ▼ | 83.53% | -2.74 | 86.28% |
| Total Deposits ($M) | ▲ | $640 | +53.93 | $586 |
| Shareholders Equity ($M) | ▲ | $70 | +5.66 | $64 |
| Tang. Book Value ($M) | ▲ | $70 | +5.68 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $72 | +6.45 | $65 |
| Loan / Deposit Ratio (%) | ▼ | 83.53% | -2.74 | 86.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.17 | 0.29% |
| Allowance / Loans (%) | — | 1.19% | -0.01% | 1.20% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.21 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.04% | +0.73 | 14.31% |
Noninterest income ($1.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▁▅▅▄▃█▆ | Net Interest Margin (%) | 3.93% | 3.69% | 4.14% | 4.07% | 3.99% | 3.92% | 4.45% | 4.22% |
| ▁▁█▆▅▄▅▃ | Return on Assets (%) | 0.73% | 0.72% | 1.54% | 1.26% | 1.16% | 1.04% | 1.14% | 0.98% |
| ██▁▃▄▅▅▆ | Efficiency Ratio (%) | 78.5% | 78.9% | 63.5% | 67.5% | 70.7% | 72.8% | 71.3% | 74.4% |
| ██▃▃▅▅▁▁ | Cost of Funds (%) | 2.02% | 1.95% | 1.55% | 1.53% | 1.72% | 1.74% | 1.35% | 1.33% |
| ▄██▆▂▁▁▁ | NPA / Assets (%) | 0.24% | 0.38% | 0.38% | 0.29% | 0.17% | 0.15% | 0.13% | 0.12% |
| ▃█▇▅▂▁▁▁ | Net Charge-Off Ratio (%) | 0.28% | 0.53% | 0.48% | 0.38% | 0.22% | 0.19% | 0.18% | 0.16% |
| ▁▁▃▄▅▆██ | Tang. Book Value ($M) | $59 | $60 | $63 | $64 | $66 | $67 | $69 | $70 |
| ▃▁▃▅▄▄▆█ | Gross Loans ($M) | $484 | $464 | $483 | $512 | $500 | $500 | $517 | $541 |
| ▁▆▄▆▆▆██ | Total Deposits ($M) | $465 | $582 | $543 | $586 | $578 | $581 | $641 | $640 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 5% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 53% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 2% |