Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.14% | -0.57 | 0.71% |
| Return on Equity (%) | ▼ | 1.55% | -7.37 | 8.92% |
| Net Interest Margin (%) | ▼ | 2.72% | -1.14 | 3.86% |
| Efficiency Ratio (%) | ▼ | 93.09% | +17.84 | 75.26% |
| Pre-Provision Profit ($M) | ▼ | $0 | -1.32 | $2 |
| Cost of Funds (%) | ▼ | 2.13% | +1.31 | 0.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $654 | -7.00 | $661 |
| Gross Loans ($M) | ▲ | $534 | +0.15 | $533 |
| Loan Growth YoY (%) | ▲ | 91.44% | +2.11 | 89.33% |
| Total Deposits ($M) | ▼ | $577 | -13.31 | $590 |
| Shareholders Equity ($M) | ▲ | $57 | +3.68 | $53 |
| Tang. Book Value ($M) | ▲ | $57 | +3.68 | $53 |
| TBV excl. AOCI ($M)** | ▲ | $60 | +2.62 | $58 |
| Loan / Deposit Ratio (%) | ▲ | 91.44% | +2.11 | 89.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.04 | 0.08% |
| Allowance / Loans (%) | — | 1.20% | -0.03% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.05 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.71 | 12.71% |
Noninterest income ($1.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▇████▁▁ | Net Interest Margin (%) | 3.71% | 3.75% | 3.86% | 3.86% | 3.94% | 4.00% | 2.67% | 2.72% |
| ▇▇█▇█▇▁▁ | Return on Assets (%) | 0.66% | 0.67% | 0.75% | 0.71% | 0.82% | 0.69% | 0.10% | 0.14% |
| ▂▁▂▁▁▁██ | Efficiency Ratio (%) | 76.5% | 75.6% | 76.8% | 75.3% | 73.6% | 73.7% | 92.3% | 93.1% |
| ▁▁▁▁▁▁██ | Cost of Funds (%) | 0.84% | 0.87% | 0.76% | 0.82% | 0.82% | 0.78% | 2.15% | 2.13% |
| █▂▂▃▁▁▁▂ | NPA / Assets (%) | 0.21% | 0.05% | 0.04% | 0.08% | 0.00% | 0.00% | 0.00% | 0.04% |
| █▂▂▃▁▁▁▂ | Net Charge-Off Ratio (%) | 0.27% | 0.06% | 0.05% | 0.09% | 0.00% | 0.00% | 0.00% | 0.04% |
| ▁▁▃▅▇███ | Tang. Book Value ($M) | $49 | $49 | $52 | $53 | $56 | $57 | $57 | $57 |
| ▁▁▃█▇▄██ | Gross Loans ($M) | $505 | $502 | $512 | $533 | $529 | $517 | $535 | $534 |
| ▄▁▆█▃▁▁▁ | Total Deposits ($M) | $582 | $575 | $585 | $590 | $580 | $576 | $576 | $577 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 86% |
| Brokered / Other | 6% |