Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.00% | -0.07 | 1.07% |
| Return on Equity (%) | ▼ | 9.43% | -1.15 | 10.58% |
| Net Interest Margin (%) | ▲ | 3.83% | +0.24 | 3.59% |
| Efficiency Ratio (%) | ▼ | 66.25% | +0.67 | 65.59% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.04 | $2 |
| Cost of Funds (%) | ▲ | 1.80% | -0.17 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $409 | +22.02 | $387 |
| Gross Loans ($M) | ▲ | $234 | +48.35 | $185 |
| Loan Growth YoY (%) | ▲ | 64.49% | +11.08 | 53.41% |
| Total Deposits ($M) | ▲ | $358 | +14.90 | $343 |
| Shareholders Equity ($M) | ▲ | $43 | +2.47 | $41 |
| Tang. Book Value ($M) | ▲ | $43 | +2.47 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +2.08 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 64.49% | +11.08 | 53.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.39% | +0.03 | 0.36% |
| Allowance / Loans (%) | — | 1.20% | 0.09% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 0.59% | +0.10 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -20.83 | 20.83% |
Noninterest income ($1.03M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆▄█ | Net Interest Margin (%) | 3.44% | 3.48% | 3.55% | 3.59% | 3.64% | 3.69% | 3.63% | 3.83% |
| ▃▄▁█▇▆▃▅ | Return on Assets (%) | 0.95% | 0.97% | 0.90% | 1.07% | 1.04% | 1.02% | 0.95% | 1.00% |
| ██▄▁▂▂▆▁ | Efficiency Ratio (%) | 71.2% | 71.3% | 68.1% | 65.6% | 66.7% | 66.9% | 69.6% | 66.3% |
| █▆▄█▅▃▁▂ | Cost of Funds (%) | 1.99% | 1.91% | 1.86% | 1.97% | 1.89% | 1.83% | 1.74% | 1.80% |
| █▂▁▃▆▁▅▄ | NPA / Assets (%) | 0.46% | 0.35% | 0.33% | 0.36% | 0.42% | 0.34% | 0.41% | 0.39% |
| ▅▄▃▁█▂█▄ | Net Charge-Off Ratio (%) | 0.61% | 0.59% | 0.57% | 0.49% | 0.72% | 0.55% | 0.69% | 0.59% |
| ▅▁▃▅█▆▇█ | Tang. Book Value ($M) | $41 | $37 | $39 | $41 | $43 | $42 | $42 | $43 |
| ▁▁▁▁▂▃▄█ | Gross Loans ($M) | $180 | $180 | $186 | $185 | $192 | $199 | $206 | $234 |
| ▁▂▇▅▃▁██ | Total Deposits ($M) | $324 | $331 | $355 | $343 | $336 | $326 | $361 | $358 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 12% |
| Consumer | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |