Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.83% | +0.20 | 1.63% |
| Return on Equity (%) | ▲ | 22.14% | +1.53 | 20.61% |
| Net Interest Margin (%) | ▲ | 4.04% | +0.13 | 3.91% |
| Efficiency Ratio (%) | ▲ | 58.57% | -4.79 | 63.36% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.13 | $1 |
| Cost of Funds (%) | ▼ | 1.56% | +0.02 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $185 | +13.29 | $172 |
| Gross Loans ($M) | ▲ | $148 | +9.92 | $138 |
| Loan Growth YoY (%) | ▼ | 87.15% | -4.75 | 91.91% |
| Total Deposits ($M) | ▲ | $168 | +19.40 | $149 |
| Shareholders Equity ($M) | ▲ | $15 | +1.33 | $14 |
| Tang. Book Value ($M) | ▲ | $15 | +1.33 | $14 |
| Loan / Deposit Ratio (%) | ▼ | 87.15% | -4.75 | 91.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.07 | 0.26% |
| Allowance / Loans (%) | — | 0.83% | 0.00% | 0.83% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -0.08 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▇▇███ | Net Interest Margin (%) | 3.41% | 3.48% | 3.77% | 3.91% | 3.92% | 3.99% | 3.99% | 4.04% |
| ▁▁▄▆▆▇██ | Return on Assets (%) | 1.24% | 1.31% | 1.51% | 1.63% | 1.67% | 1.73% | 1.79% | 1.83% |
| █▇▄▃▃▂▁▁ | Efficiency Ratio (%) | 72.2% | 70.4% | 65.2% | 63.4% | 62.6% | 61.5% | 59.0% | 58.6% |
| █▆▁▁▃▃▁▂ | Cost of Funds (%) | 1.79% | 1.70% | 1.51% | 1.54% | 1.59% | 1.61% | 1.53% | 1.56% |
| ▅▅▅█▆▇▁▆ | NPA / Assets (%) | 0.18% | 0.18% | 0.17% | 0.26% | 0.21% | 0.24% | 0.07% | 0.20% |
| ▅▅▅█▆▇▁▆ | Net Charge-Off Ratio (%) | 0.24% | 0.23% | 0.22% | 0.33% | 0.26% | 0.29% | 0.09% | 0.25% |
| ▃▁▂▄▆▇▇█ | Tang. Book Value ($M) | $14 | $13 | $13 | $14 | $15 | $15 | $15 | $15 |
| ▁▁▃▄▅█▆█ | Gross Loans ($M) | $128 | $130 | $134 | $138 | $140 | $146 | $142 | $148 |
| ▁▂▄▁▄▅██ | Total Deposits ($M) | $150 | $153 | $157 | $149 | $158 | $161 | $168 | $168 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 24% |