Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.07% | -0.06 | 1.13% |
| Return on Equity (%) | ▼ | 12.65% | -2.02 | 14.67% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.14 | 4.00% |
| Efficiency Ratio (%) | ▼ | 73.79% | +2.60 | 71.19% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.11 | $1 |
| Cost of Funds (%) | ▲ | 1.25% | -0.17 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $371 | +3.70 | $367 |
| Gross Loans ($M) | ▲ | $232 | +22.02 | $210 |
| Loan Growth YoY (%) | ▲ | 67.98% | +6.06 | 61.92% |
| Total Deposits ($M) | ▲ | $337 | +1.77 | $335 |
| Shareholders Equity ($M) | ▲ | $32 | +2.23 | $29 |
| Tang. Book Value ($M) | ▲ | $32 | +2.23 | $29 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +1.63 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 67.98% | +6.06 | 61.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Allowance / Loans (%) | — | 1.13% | 0.12% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.04 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.07% | -0.66 | 16.73% |
Noninterest income ($0.77M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▆▁▄▅▇▆█ | Net Interest Margin (%) | 4.00% | 4.04% | 3.87% | 4.00% | 4.02% | 4.09% | 4.06% | 4.14% |
| ▆█▄██▇▁▅ | Return on Assets (%) | 1.09% | 1.12% | 1.06% | 1.13% | 1.13% | 1.10% | 1.00% | 1.07% |
| ▁▁▅▃▂▄██ | Efficiency Ratio (%) | 70.3% | 70.3% | 72.3% | 71.2% | 71.0% | 71.9% | 73.7% | 73.8% |
| █▆▅▅▅▂▁▁ | Cost of Funds (%) | 1.55% | 1.46% | 1.42% | 1.42% | 1.42% | 1.29% | 1.26% | 1.25% |
| ▅▄▄▆▅█▄▁ | NPA / Assets (%) | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.04% | 0.02% | 0.00% |
| ▇▆▆█▄█▆▁ | Net Charge-Off Ratio (%) | 0.04% | 0.03% | 0.03% | 0.04% | 0.02% | 0.05% | 0.03% | 0.00% |
| ▁▁▃▄▆███ | Tang. Book Value ($M) | $27 | $27 | $29 | $29 | $30 | $31 | $32 | $32 |
| ▁▁▃▃▅▇██ | Gross Loans ($M) | $198 | $201 | $208 | $210 | $217 | $224 | $229 | $232 |
| ▁▅█▃▂█▅▄ | Total Deposits ($M) | $332 | $338 | $345 | $335 | $334 | $344 | $339 | $337 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 12% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 4% |