Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.20% | +0.11 | 0.09% |
| Return on Equity (%) | ▲ | 1.59% | +0.88 | 0.71% |
| Net Interest Margin (%) | ▲ | 3.13% | +0.29 | 2.83% |
| Efficiency Ratio (%) | ▲ | 93.62% | -8.05 | 101.67% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.46 | $-0 |
| Cost of Funds (%) | ▼ | 1.90% | +0.27 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $452 | +28.60 | $423 |
| Gross Loans ($M) | ▲ | $346 | +56.94 | $289 |
| Loan Growth YoY (%) | ▲ | 104.95% | +13.51 | 91.43% |
| Total Deposits ($M) | ▲ | $328 | +13.76 | $314 |
| Shareholders Equity ($M) | ▲ | $56 | +0.63 | $55 |
| Tang. Book Value ($M) | ▲ | $56 | +0.63 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $59 | +0.39 | $59 |
| Loan / Deposit Ratio (%) | ▲ | 104.95% | +13.51 | 91.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.28% | -0.05 | 0.33% |
| Allowance / Loans (%) | — | 0.68% | -0.11% | 0.79% |
| Net Charge-Off Ratio (%) | ▲ | 0.36% | -0.12 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.63% | -3.06 | 21.69% |
Noninterest income ($0.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▃▅██ | Net Interest Margin (%) | 2.73% | 2.73% | 2.81% | 2.83% | 2.87% | 2.95% | 3.12% | 3.13% |
| ▆▆▆▇▅▁▇█ | Return on Assets (%) | 0.05% | 0.05% | 0.06% | 0.09% | -0.01% | -0.31% | 0.13% | 0.20% |
| ▃▃▅▆██▂▁ | Efficiency Ratio (%) | 96.4% | 97.0% | 99.4% | 101.7% | 104.4% | 104.5% | 95.9% | 93.6% |
| ▁▆▁▁▄▃▅█ | Cost of Funds (%) | 1.65% | 1.81% | 1.66% | 1.63% | 1.76% | 1.72% | 1.77% | 1.90% |
| ██▃▅▇▁▁▂ | NPA / Assets (%) | 0.39% | 0.39% | 0.29% | 0.33% | 0.36% | 0.26% | 0.26% | 0.28% |
| ██▃▅▅▁▁▁ | Net Charge-Off Ratio (%) | 0.58% | 0.56% | 0.42% | 0.48% | 0.49% | 0.35% | 0.34% | 0.36% |
| ▇▁▄▆█▇▇█ | Tang. Book Value ($M) | $55 | $53 | $54 | $55 | $56 | $55 | $55 | $56 |
| ▁▁▁▃▄▆▇█ | Gross Loans ($M) | $270 | $273 | $278 | $289 | $303 | $322 | $333 | $346 |
| ▁▁▁▅▄▅▇█ | Total Deposits ($M) | $297 | $300 | $299 | $314 | $309 | $314 | $323 | $328 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 17% |