Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.60% | +0.46 | 1.14% |
| Return on Equity (%) | ▲ | 16.23% | +4.17 | 12.06% |
| Net Interest Margin (%) | ▲ | 4.16% | +0.35 | 3.81% |
| Efficiency Ratio (%) | ▲ | 49.96% | -9.91 | 59.87% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.56 | $1 |
| Cost of Funds (%) | ▲ | 2.16% | -0.19 | 2.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $303 | +27.29 | $276 |
| Gross Loans ($M) | ▲ | $244 | +23.23 | $221 |
| Loan Growth YoY (%) | ▲ | 92.40% | +0.65 | 91.75% |
| Total Deposits ($M) | ▲ | $262 | +23.15 | $239 |
| Shareholders Equity ($M) | ▲ | $30 | +3.98 | $26 |
| Tang. Book Value ($M) | ▲ | $28 | +3.82 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 92.40% | +0.65 | 91.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.36% | -0.25 | 1.61% |
| Allowance / Loans (%) | — | 0.95% | 0.03% | 0.92% |
| Net Charge-Off Ratio (%) | ▲ | 1.69% | -0.32 | 2.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▁▂▄▄▆█ | Net Interest Margin (%) | 3.83% | 3.86% | 3.71% | 3.81% | 3.88% | 3.92% | 4.01% | 4.16% |
| ▂▂▁▃▂▃▇█ | Return on Assets (%) | 1.06% | 1.09% | 0.94% | 1.14% | 1.03% | 1.12% | 1.51% | 1.60% |
| ▇▆█▅▆▆▂▁ | Efficiency Ratio (%) | 62.4% | 60.4% | 66.0% | 59.9% | 60.8% | 60.5% | 52.8% | 50.0% |
| ▁█▄█▄▅▁▁ | Cost of Funds (%) | 2.18% | 2.35% | 2.24% | 2.35% | 2.25% | 2.27% | 2.17% | 2.16% |
| ▁▁▄█▄█▇▄ | NPA / Assets (%) | 1.21% | 1.19% | 1.40% | 1.61% | 1.38% | 1.62% | 1.55% | 1.36% |
| ▁▁▅█▄█▆▄ | Net Charge-Off Ratio (%) | 1.51% | 1.49% | 1.75% | 2.01% | 1.71% | 2.00% | 1.85% | 1.69% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $22 | $23 | $24 | $24 | $25 | $26 | $27 | $28 |
| ▁▂▃▅▆▆██ | Gross Loans ($M) | $192 | $205 | $211 | $221 | $226 | $231 | $239 | $244 |
| ▁▃▄▅▆▆▆█ | Total Deposits ($M) | $204 | $221 | $227 | $239 | $243 | $247 | $246 | $262 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 3% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 20% |