Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.80% | -0.22 | 1.02% |
| Return on Equity (%) | ▼ | 9.68% | -1.33 | 11.01% |
| Net Interest Margin (%) | ▲ | 4.12% | +0.27 | 3.85% |
| Efficiency Ratio (%) | ▼ | 78.61% | +8.95 | 69.66% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.53 | $3 |
| Cost of Funds (%) | ▲ | 0.55% | -0.17 | 0.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $772 | -34.23 | $806 |
| Gross Loans ($M) | ▼ | $549 | -32.00 | $581 |
| Loan Growth YoY (%) | ▼ | 77.86% | -1.51 | 79.36% |
| Total Deposits ($M) | ▼ | $698 | -26.99 | $725 |
| Shareholders Equity ($M) | ▼ | $64 | -6.74 | $71 |
| Tang. Book Value ($M) | ▼ | $64 | -6.74 | $71 |
| TBV excl. AOCI ($M)** | ▼ | $69 | -6.83 | $76 |
| Loan / Deposit Ratio (%) | ▼ | 77.86% | -1.51 | 79.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.08% | 0.05% | 1.03% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.76% | -0.75 | 12.52% |
Noninterest income ($1.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▅▆██ | Net Interest Margin (%) | 3.54% | 3.63% | 3.81% | 3.85% | 3.87% | 3.95% | 4.08% | 4.12% |
| ▇█▇██▆▁▃ | Return on Assets (%) | 0.97% | 0.99% | 0.98% | 1.02% | 1.00% | 0.94% | 0.72% | 0.80% |
| ▁▁▂▂▂▄█▇ | Efficiency Ratio (%) | 67.7% | 67.2% | 70.5% | 69.7% | 70.5% | 72.8% | 81.1% | 78.6% |
| ██▅▅▄▂▁▁ | Cost of Funds (%) | 0.89% | 0.85% | 0.75% | 0.72% | 0.71% | 0.61% | 0.55% | 0.55% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 0.40% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▁▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.52% | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▇█▅▄▁▁▁ | Tang. Book Value ($M) | $79 | $76 | $79 | $71 | $70 | $64 | $65 | $64 |
| █▇▆▅▃▂▁▂ | Gross Loans ($M) | $629 | $616 | $602 | $581 | $553 | $550 | $527 | $549 |
| █▇█▆▆▄▂▁ | Total Deposits ($M) | $737 | $731 | $736 | $725 | $725 | $717 | $706 | $698 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 12% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 67% |