Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.09 | 0.95% |
| Return on Equity (%) | ▼ | 10.97% | -0.42 | 11.39% |
| Net Interest Margin (%) | ▼ | 3.16% | -0.07 | 3.23% |
| Efficiency Ratio (%) | ▲ | 74.00% | -2.16 | 76.16% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.09 | $1 |
| Cost of Funds (%) | ▼ | 0.66% | +0.05 | 0.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $290 | +15.37 | $275 |
| Gross Loans ($M) | ▼ | $137 | -5.70 | $143 |
| Loan Growth YoY (%) | ▼ | 51.69% | -5.02 | 56.71% |
| Total Deposits ($M) | ▲ | $263 | +13.24 | $250 |
| Shareholders Equity ($M) | ▲ | $27 | +2.44 | $24 |
| Tang. Book Value ($M) | ▲ | $18 | +2.64 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +2.56 | $20 |
| Loan / Deposit Ratio (%) | ▼ | 51.69% | -5.02 | 56.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.99% | 0.03% | 0.96% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 25.85% | +0.90 | 24.95% |
Noninterest income ($0.93M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇███▅▆ | Net Interest Margin (%) | 2.97% | 3.03% | 3.20% | 3.23% | 3.24% | 3.23% | 3.11% | 3.16% |
| ▁▂▂▅██▅▇ | Return on Assets (%) | 0.78% | 0.85% | 0.84% | 0.95% | 1.08% | 1.08% | 0.95% | 1.04% |
| █▇▇▄▁▁▂▁ | Efficiency Ratio (%) | 79.3% | 78.0% | 78.1% | 76.2% | 74.0% | 74.3% | 74.8% | 74.0% |
| ██▁▂▃▃▄▅ | Cost of Funds (%) | 0.72% | 0.71% | 0.59% | 0.61% | 0.62% | 0.63% | 0.64% | 0.66% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▅▁▃▅▇█▇▇ | Tang. Book Value ($M) | $16 | $12 | $14 | $16 | $18 | $19 | $18 | $18 |
| ██▅█▄▂▁▃ | Gross Loans ($M) | $144 | $143 | $140 | $143 | $138 | $137 | $135 | $137 |
| ▃▁▅▃▂▅██ | Total Deposits ($M) | $249 | $243 | $254 | $250 | $249 | $255 | $264 | $263 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 2% |