Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.65% | +0.69 | -0.04% |
| Return on Equity (%) | ▲ | 6.66% | +7.11 | -0.45% |
| Net Interest Margin (%) | ▲ | 4.02% | +0.51 | 3.51% |
| Efficiency Ratio (%) | ▲ | 85.06% | -13.26 | 98.32% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.10 | $0 |
| Cost of Funds (%) | ▼ | 1.73% | +0.05 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $173 | +2.38 | $170 |
| Gross Loans ($M) | ▼ | $137 | -0.66 | $137 |
| Loan Growth YoY (%) | ▼ | 92.16% | -0.80 | 92.96% |
| Total Deposits ($M) | ▲ | $147 | +0.60 | $146 |
| Shareholders Equity ($M) | ▲ | $17 | +0.80 | $16 |
| Tang. Book Value ($M) | ▲ | $17 | +0.80 | $16 |
| Loan / Deposit Ratio (%) | ▼ | 92.16% | -0.80 | 92.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.56% | +0.12 | 0.44% |
| Allowance / Loans (%) | — | 0.98% | -0.02% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.16% | +0.16 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆▇█ | Net Interest Margin (%) | 3.22% | 3.23% | 3.24% | 3.51% | 3.67% | 3.77% | 3.87% | 4.02% |
| ▃▃▁▅▆▇▆█ | Return on Assets (%) | -0.43% | -0.37% | -0.82% | -0.04% | 0.18% | 0.30% | 0.28% | 0.65% |
| ▆▆█▄▂▂▃▁ | Efficiency Ratio (%) | 111.0% | 108.0% | 119.8% | 98.3% | 93.6% | 90.9% | 94.1% | 85.1% |
| ██▇▁▁▄▁▂ | Cost of Funds (%) | 2.04% | 2.05% | 1.98% | 1.68% | 1.68% | 1.82% | 1.71% | 1.73% |
| ▅▃▄▁█▇▅▅ | NPA / Assets (%) | 0.54% | 0.50% | 0.52% | 0.44% | 0.64% | 0.60% | 0.56% | 0.56% |
| ▄▃▅▁█▆▆▆ | Net Charge-Off Ratio (%) | 0.11% | 0.07% | 0.12% | 0.00% | 0.23% | 0.15% | 0.15% | 0.16% |
| ▃▃▁▃▄▆▆█ | Tang. Book Value ($M) | $16 | $16 | $15 | $16 | $16 | $16 | $16 | $17 |
| ▁▂▇██▆█▇ | Gross Loans ($M) | $125 | $128 | $137 | $137 | $139 | $134 | $138 | $137 |
| ▅▂▇█▃▁▅█ | Total Deposits ($M) | $141 | $137 | $144 | $146 | $138 | $134 | $141 | $147 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 8% |