Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -2.12% | -2.50 | 0.38% |
| Return on Equity (%) | ▼ | -29.99% | -35.36 | 5.37% |
| Net Interest Margin (%) | ▼ | 3.76% | -0.02 | 3.78% |
| Efficiency Ratio (%) | ▼ | 151.25% | +62.91 | 88.34% |
| Pre-Provision Profit ($M) | ▼ | $-11 | -12.21 | $1 |
| Cost of Funds (%) | ▲ | 0.64% | -0.17 | 0.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,005 | +45.23 | $960 |
| Gross Loans ($M) | ▼ | $608 | -11.60 | $619 |
| Loan Growth YoY (%) | ▼ | 64.95% | -5.35 | 70.30% |
| Total Deposits ($M) | ▲ | $929 | +54.18 | $874 |
| Shareholders Equity ($M) | ▼ | $61 | -8.96 | $70 |
| Tang. Book Value ($M) | ▼ | $59 | -9.02 | $68 |
| TBV excl. AOCI ($M)** | ▼ | $72 | -7.81 | $80 |
| Loan / Deposit Ratio (%) | ▼ | 64.95% | -5.35 | 70.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.43% | -0.33 | 0.76% |
| Allowance / Loans (%) | — | 0.76% | 0.01% | 0.75% |
| Net Charge-Off Ratio (%) | ▲ | 0.72% | -0.46 | 1.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.76% | -5.03 | 16.79% |
Noninterest income ($1.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇▇▆██▆ | Net Interest Margin (%) | 3.50% | 3.56% | 3.78% | 3.78% | 3.77% | 3.86% | 3.87% | 3.76% |
| ███████▁ | Return on Assets (%) | 0.24% | 0.32% | 0.28% | 0.38% | 0.42% | 0.45% | 0.19% | -2.12% |
| ▁▁▁▁▁▁▂█ | Efficiency Ratio (%) | 91.7% | 90.0% | 90.0% | 88.3% | 87.5% | 86.8% | 95.1% | 151.2% |
| ██▄▅▃▄▁▁ | Cost of Funds (%) | 0.91% | 0.92% | 0.78% | 0.81% | 0.74% | 0.75% | 0.65% | 0.64% |
| ▆██▆▄▁▁▁ | NPA / Assets (%) | 0.78% | 0.91% | 0.86% | 0.76% | 0.63% | 0.47% | 0.41% | 0.43% |
| ▇██▆▄▁▁▁ | Net Charge-Off Ratio (%) | 1.23% | 1.36% | 1.37% | 1.18% | 1.02% | 0.71% | 0.68% | 0.72% |
| ▆▃▅▆▇██▁ | Tang. Book Value ($M) | $67 | $62 | $66 | $68 | $70 | $72 | $71 | $59 |
| █▇▇▆▇█▂▁ | Gross Loans ($M) | $625 | $623 | $622 | $619 | $623 | $624 | $611 | $608 |
| ▅▁▇▄▇▁██ | Total Deposits ($M) | $889 | $838 | $911 | $874 | $913 | $848 | $923 | $929 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 16% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 11% |