Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.68% | -0.01 | 0.69% |
| Return on Equity (%) | ▼ | 7.81% | -2.29 | 10.10% |
| Net Interest Margin (%) | ▼ | 3.83% | -0.04 | 3.87% |
| Efficiency Ratio (%) | ▲ | 76.10% | -2.24 | 78.34% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.16 | $0 |
| Cost of Funds (%) | ▼ | 1.47% | +0.46 | 1.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $244 | +28.00 | $216 |
| Gross Loans ($M) | ▲ | $138 | +24.66 | $113 |
| Loan Growth YoY (%) | ▲ | 73.50% | +17.79 | 55.71% |
| Total Deposits ($M) | ▼ | $185 | -15.01 | $200 |
| Shareholders Equity ($M) | ▲ | $23 | +7.18 | $16 |
| Tang. Book Value ($M) | ▲ | $22 | +7.20 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +8.76 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 73.50% | +17.79 | 55.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.29 | 0.38% |
| Allowance / Loans (%) | — | 0.85% | -0.17% | 1.02% |
| Net Charge-Off Ratio (%) | ▲ | 0.16% | -0.56 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.26% | +1.91 | 16.35% |
Noninterest income ($0.45M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂█▇█▇▅▇ | Net Interest Margin (%) | 3.36% | 3.51% | 3.91% | 3.87% | 3.95% | 3.84% | 3.70% | 3.83% |
| ▁▃██▇▁▇█ | Return on Assets (%) | 0.11% | 0.31% | 0.76% | 0.69% | 0.66% | 0.15% | 0.65% | 0.68% |
| ▄█▁▂▃█▁▁ | Efficiency Ratio (%) | 81.5% | 89.4% | 76.4% | 78.3% | 79.8% | 90.5% | 75.5% | 76.1% |
| ▅▆▁▁▂▃▇█ | Cost of Funds (%) | 1.28% | 1.32% | 1.05% | 1.01% | 1.08% | 1.17% | 1.40% | 1.47% |
| █▇▅▄▄▁▁▁ | NPA / Assets (%) | 0.69% | 0.61% | 0.40% | 0.38% | 0.34% | 0.12% | 0.09% | 0.09% |
| █▇▅▄▃▁▁▁ | Net Charge-Off Ratio (%) | 1.34% | 1.16% | 0.78% | 0.72% | 0.60% | 0.27% | 0.17% | 0.16% |
| ▁▁▂▂█▇██ | Tang. Book Value ($M) | $14 | $14 | $15 | $15 | $22 | $21 | $21 | $22 |
| ▁▁▁▁▂▃▆█ | Gross Loans ($M) | $114 | $114 | $112 | $113 | $115 | $119 | $130 | $138 |
| █▄▄▄▁▃▃▁ | Total Deposits ($M) | $229 | $200 | $202 | $200 | $180 | $197 | $193 | $185 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 6% |