Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +0.48 | 0.54% |
| Return on Equity (%) | ▲ | 10.26% | +3.82 | 6.44% |
| Net Interest Margin (%) | ▲ | 3.46% | +0.24 | 3.22% |
| Efficiency Ratio (%) | ▲ | 64.49% | -12.53 | 77.02% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.58 | $1 |
| Cost of Funds (%) | ▲ | 2.62% | -0.29 | 2.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $495 | -10.58 | $505 |
| Gross Loans ($M) | ▼ | $376 | -7.02 | $383 |
| Loan Growth YoY (%) | ▼ | 85.18% | -1.30 | 86.48% |
| Total Deposits ($M) | ▼ | $438 | -1.55 | $440 |
| Shareholders Equity ($M) | ▲ | $50 | +7.30 | $43 |
| Tang. Book Value ($M) | ▲ | $50 | +7.30 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +7.12 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 85.18% | -1.30 | 86.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.27% | +0.27 | 0.00% |
| Allowance / Loans (%) | — | 0.69% | 0.01% | 0.67% |
| Net Charge-Off Ratio (%) | ▼ | 0.36% | +0.36 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.81% | +1.90 | 12.90% |
Noninterest income ($0.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▆▆▇██ | Net Interest Margin (%) | 2.68% | 2.75% | 3.20% | 3.22% | 3.26% | 3.31% | 3.41% | 3.46% |
| ▁▂▁▃▆▆▆█ | Return on Assets (%) | 0.30% | 0.40% | 0.30% | 0.54% | 0.82% | 0.82% | 0.78% | 1.02% |
| ▇▇█▅▁▁▃▁ | Efficiency Ratio (%) | 85.2% | 83.9% | 88.7% | 77.0% | 67.0% | 67.2% | 70.9% | 64.5% |
| ██▆▄▄▄▁▁ | Cost of Funds (%) | 3.23% | 3.16% | 3.05% | 2.91% | 2.89% | 2.87% | 2.64% | 2.62% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.27% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.36% |
| ▂▁▂▃▅▆▇█ | Tang. Book Value ($M) | $42 | $40 | $42 | $43 | $46 | $48 | $48 | $50 |
| ▁▄▅█▇▄▅▇ | Gross Loans ($M) | $353 | $367 | $371 | $383 | $377 | $367 | $370 | $376 |
| ▁▅▄██▇▇▇ | Total Deposits ($M) | $411 | $427 | $424 | $440 | $443 | $439 | $439 | $438 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 7% |