Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.37% | +0.14 | 0.22% |
| Return on Equity (%) | ▲ | 4.05% | +1.27 | 2.78% |
| Net Interest Margin (%) | ▲ | 3.19% | +0.41 | 2.78% |
| Efficiency Ratio (%) | ▲ | 89.40% | -4.86 | 94.26% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.35 | $0 |
| Cost of Funds (%) | ▲ | 2.12% | -0.26 | 2.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $576 | -29.51 | $605 |
| Gross Loans ($M) | ▼ | $429 | -21.96 | $451 |
| Loan Growth YoY (%) | ▼ | 89.77% | -1.05 | 90.81% |
| Total Deposits ($M) | ▼ | $473 | -18.80 | $492 |
| Shareholders Equity ($M) | ▲ | $54 | +4.41 | $50 |
| Tang. Book Value ($M) | ▲ | $46 | +4.48 | $41 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +4.46 | $46 |
| Loan / Deposit Ratio (%) | ▼ | 89.77% | -1.05 | 90.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.18 | 0.38% |
| Allowance / Loans (%) | — | 1.15% | 0.07% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.24% | -0.18 | 0.42% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.65 | 12.65% |
Noninterest income ($0.93M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄▇█ | Net Interest Margin (%) | 2.72% | 2.76% | 2.74% | 2.78% | 2.85% | 2.92% | 3.10% | 3.19% |
| ▆▆▁▂▅█▅█ | Return on Assets (%) | 0.31% | 0.32% | 0.18% | 0.22% | 0.29% | 0.36% | 0.29% | 0.37% |
| ▂▂█▇▃▁▄▁ | Efficiency Ratio (%) | 90.6% | 90.5% | 95.8% | 94.3% | 91.7% | 89.7% | 92.2% | 89.4% |
| ██▅▆▅▅▂▁ | Cost of Funds (%) | 2.51% | 2.47% | 2.35% | 2.38% | 2.34% | 2.33% | 2.17% | 2.12% |
| ▇██▂▁▁▁▁ | NPA / Assets (%) | 1.22% | 1.52% | 1.46% | 0.38% | 0.30% | 0.21% | 0.24% | 0.20% |
| ▇██▁▁▁▁▁ | Net Charge-Off Ratio (%) | 1.60% | 2.01% | 1.87% | 0.42% | 0.29% | 0.22% | 0.33% | 0.24% |
| ▄▁▁▁▅█▆█ | Tang. Book Value ($M) | $43 | $41 | $41 | $41 | $44 | $46 | $44 | $46 |
| █▇▄▄▄▄▁▁ | Gross Loans ($M) | $483 | $471 | $456 | $451 | $453 | $454 | $432 | $429 |
| ▄▃▇██▇▁▄ | Total Deposits ($M) | $474 | $470 | $484 | $492 | $492 | $488 | $458 | $473 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 16% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 19% |