Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.41% | +0.42 | -0.01% |
| Return on Equity (%) | ▲ | 3.83% | +3.94 | -0.11% |
| Net Interest Margin (%) | ▲ | 2.77% | +0.32 | 2.44% |
| Efficiency Ratio (%) | ▲ | 84.11% | -16.31 | 100.42% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.87 | $0 |
| Cost of Funds (%) | ▲ | 2.21% | -0.41 | 2.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $993 | -8.09 | $1,001 |
| Gross Loans ($M) | ▲ | $771 | +7.98 | $763 |
| Loan Growth YoY (%) | ▼ | 109.63% | -1.47 | 111.10% |
| Total Deposits ($M) | ▲ | $694 | +18.55 | $675 |
| Shareholders Equity ($M) | ▲ | $107 | +0.60 | $106 |
| Tang. Book Value ($M) | ▲ | $105 | +0.79 | $104 |
| TBV excl. AOCI ($M)** | ▼ | $111 | -0.37 | $111 |
| Loan / Deposit Ratio (%) | ▼ | 109.63% | -1.47 | 111.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.42% | -0.13 | 0.55% |
| Allowance / Loans (%) | — | 1.31% | -0.33% | 1.64% |
| Net Charge-Off Ratio (%) | ▲ | 0.45% | -0.21 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.00M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▄▂▂▃▁▆█ | Net Interest Margin (%) | 2.58% | 2.52% | 2.42% | 2.44% | 2.48% | 2.36% | 2.65% | 2.77% |
| ▃▁▅▅▆▂▇█ | Return on Assets (%) | -0.29% | -0.69% | -0.08% | -0.01% | 0.03% | -0.53% | 0.15% | 0.41% |
| ▆██▇▆▅▅▁ | Efficiency Ratio (%) | 98.1% | 104.2% | 104.0% | 100.4% | 98.5% | 96.6% | 94.3% | 84.1% |
| ▇█▅▅▅█▂▁ | Cost of Funds (%) | 2.86% | 2.98% | 2.70% | 2.63% | 2.65% | 3.01% | 2.40% | 2.21% |
| ▁▄▃▅██▅▁ | NPA / Assets (%) | 0.44% | 0.53% | 0.49% | 0.55% | 0.66% | 0.67% | 0.55% | 0.42% |
| ▂▄▃▅█▇▂▁ | Net Charge-Off Ratio (%) | 0.51% | 0.61% | 0.57% | 0.66% | 0.80% | 0.75% | 0.52% | 0.45% |
| █▂▄▅█▁▂█ | Tang. Book Value ($M) | $105 | $103 | $104 | $104 | $105 | $103 | $103 | $105 |
| ▆▇▅▅▄▁▆█ | Gross Loans ($M) | $765 | $766 | $763 | $763 | $758 | $750 | $765 | $771 |
| █▃▂▃▃▁▅▆ | Total Deposits ($M) | $704 | $677 | $671 | $675 | $678 | $665 | $689 | $694 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 6% |
| Consumer | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 20% |