Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.63% | -0.58 | 1.21% |
| Return on Equity (%) | ▼ | 5.89% | -5.14 | 11.03% |
| Net Interest Margin (%) | ▼ | 4.30% | -0.64 | 4.94% |
| Efficiency Ratio (%) | ▼ | 76.56% | +4.77 | 71.79% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.17 | $2 |
| Cost of Funds (%) | ▲ | 3.06% | -0.17 | 3.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $535 | +32.07 | $503 |
| Gross Loans ($M) | ▲ | $469 | +25.03 | $444 |
| Loan Growth YoY (%) | ▲ | 109.13% | +8.49 | 100.64% |
| Total Deposits ($M) | ▼ | $420 | -10.52 | $431 |
| Shareholders Equity ($M) | ▲ | $55 | +0.62 | $55 |
| Tang. Book Value ($M) | ▲ | $50 | +1.24 | $49 |
| Loan / Deposit Ratio (%) | ▲ | 109.13% | +8.49 | 100.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.99% | +0.30 | 0.69% |
| Allowance / Loans (%) | — | 2.11% | -0.14% | 2.25% |
| Net Charge-Off Ratio (%) | ▼ | 1.12% | +0.35 | 0.78% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.73% | -0.22 | 12.95% |
Noninterest income ($2.85M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▇▆▆▁▁ | Net Interest Margin (%) | 5.06% | 5.09% | 4.82% | 4.94% | 4.84% | 4.83% | 4.28% | 4.30% |
| ▆▇██▆▅▁▃ | Return on Assets (%) | 1.00% | 1.11% | 1.26% | 1.21% | 1.01% | 0.83% | 0.30% | 0.63% |
| ▁▁▁▁▃▅█▅ | Efficiency Ratio (%) | 71.9% | 71.2% | 70.8% | 71.8% | 74.1% | 76.6% | 80.2% | 76.6% |
| ██▄▄▇▆▁▂ | Cost of Funds (%) | 3.49% | 3.53% | 3.19% | 3.23% | 3.41% | 3.36% | 2.96% | 3.06% |
| ▃▁▁▁▃██▄ | NPA / Assets (%) | 0.88% | 0.77% | 0.75% | 0.69% | 0.93% | 1.30% | 1.35% | 0.99% |
| ▃▁▁▁▄▇█▅ | Net Charge-Off Ratio (%) | 0.96% | 0.82% | 0.83% | 0.78% | 1.07% | 1.28% | 1.38% | 1.12% |
| ▂▁▂▄▃▆▇█ | Tang. Book Value ($M) | $48 | $48 | $48 | $49 | $49 | $49 | $50 | $50 |
| ▃▁▂▄▂▁▇█ | Gross Loans ($M) | $440 | $428 | $431 | $444 | $430 | $424 | $458 | $469 |
| ▇▆███▁▄▅ | Total Deposits ($M) | $427 | $424 | $432 | $431 | $429 | $406 | $418 | $420 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 3% |
| Consumer | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 28% |