Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.94% | +0.28 | 0.66% |
| Return on Equity (%) | ▲ | 8.34% | +1.76 | 6.58% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.45 | 3.19% |
| Efficiency Ratio (%) | ▲ | 70.63% | -4.10 | 74.74% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.54 | $1 |
| Cost of Funds (%) | ▲ | 1.94% | -0.14 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $443 | -0.17 | $443 |
| Gross Loans ($M) | ▲ | $318 | +20.41 | $297 |
| Loan Growth YoY (%) | ▲ | 91.45% | +6.28 | 85.17% |
| Total Deposits ($M) | ▼ | $343 | -1.77 | $345 |
| Shareholders Equity ($M) | ▲ | $50 | +4.16 | $46 |
| Tang. Book Value ($M) | ▲ | $50 | +4.25 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $53 | +3.37 | $50 |
| Loan / Deposit Ratio (%) | ▲ | 91.45% | +6.28 | 85.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.37% | -0.13 | 2.50% |
| Allowance / Loans (%) | — | 1.13% | 0.04% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 0.44% | -3.15 | 3.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▃▃▅▇█ | Net Interest Margin (%) | 3.00% | 3.04% | 3.27% | 3.19% | 3.23% | 3.32% | 3.55% | 3.64% |
| ▁▂▇▇▇▇██ | Return on Assets (%) | -0.47% | -0.22% | 0.65% | 0.66% | 0.68% | 0.70% | 0.88% | 0.94% |
| █▆▁▁▁▁▁▁ | Efficiency Ratio (%) | 128.1% | 112.2% | 73.9% | 74.7% | 72.3% | 72.0% | 73.4% | 70.6% |
| ██▅▄▅▆▂▁ | Cost of Funds (%) | 2.24% | 2.23% | 2.10% | 2.08% | 2.09% | 2.14% | 1.99% | 1.94% |
| ▁▁▁████▇ | NPA / Assets (%) | 0.57% | 0.59% | 0.56% | 2.50% | 2.62% | 2.63% | 2.58% | 2.37% |
| ▁▁▁█▁▁▁▁ | Net Charge-Off Ratio (%) | 0.70% | 0.72% | 0.67% | 3.59% | 0.76% | 0.66% | 0.65% | 0.44% |
| ▁▁▂▄▆▇▇█ | Tang. Book Value ($M) | $43 | $43 | $44 | $45 | $47 | $48 | $48 | $50 |
| ▃▃▄▃▁▆▄█ | Gross Loans ($M) | $296 | $297 | $301 | $297 | $288 | $307 | $302 | $318 |
| ▂███▅▁▃▇ | Total Deposits ($M) | $335 | $344 | $345 | $345 | $339 | $332 | $336 | $343 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 15% |