Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.97% | -0.01 | 0.98% |
| Return on Equity (%) | ▼ | 11.18% | -1.47 | 12.65% |
| Net Interest Margin (%) | ▲ | 3.68% | +0.35 | 3.34% |
| Efficiency Ratio (%) | ▼ | 69.80% | +3.42 | 66.37% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.53 | $4 |
| Cost of Funds (%) | ▲ | 1.59% | -0.32 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,068 | -91.23 | $1,159 |
| Gross Loans ($M) | ▼ | $775 | -67.33 | $842 |
| Loan Growth YoY (%) | ▼ | 82.80% | -3.67 | 86.47% |
| Total Deposits ($M) | ▼ | $924 | -38.30 | $963 |
| Shareholders Equity ($M) | ▲ | $92 | +1.88 | $91 |
| Tang. Book Value ($M) | ▲ | $92 | +1.96 | $90 |
| TBV excl. AOCI ($M)** | ▲ | $103 | +1.22 | $102 |
| Loan / Deposit Ratio (%) | ▼ | 82.80% | -3.67 | 86.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.08% | +0.01 | 0.07% |
| Allowance / Loans (%) | — | 1.19% | 0.06% | 1.13% |
| Net Charge-Off Ratio (%) | ▼ | 0.11% | +0.01 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▆▆██ | Net Interest Margin (%) | 2.76% | 2.85% | 3.25% | 3.34% | 3.39% | 3.45% | 3.62% | 3.68% |
| ▁▂▅▇▇█▆▇ | Return on Assets (%) | 0.61% | 0.72% | 0.90% | 0.98% | 1.00% | 1.08% | 0.95% | 0.97% |
| █▇▃▂▂▁▄▄ | Efficiency Ratio (%) | 75.5% | 74.0% | 68.7% | 66.4% | 66.4% | 65.1% | 69.7% | 69.8% |
| █▇▅▅▅▄▃▁ | Cost of Funds (%) | 2.13% | 2.01% | 1.88% | 1.90% | 1.90% | 1.82% | 1.72% | 1.59% |
| ▂▁▁▁█▆▂▁ | NPA / Assets (%) | 0.11% | 0.08% | 0.09% | 0.07% | 0.29% | 0.23% | 0.11% | 0.08% |
| ▂▁▁▁█▆▂▁ | Net Charge-Off Ratio (%) | 0.15% | 0.11% | 0.13% | 0.10% | 0.40% | 0.32% | 0.15% | 0.11% |
| ▁▁▁▂▂▆█▄ | Tang. Book Value ($M) | $90 | $89 | $90 | $90 | $90 | $95 | $98 | $92 |
| █▆███▅▂▁ | Gross Loans ($M) | $841 | $829 | $849 | $842 | $842 | $819 | $788 | $775 |
| ▁▂▅█▅▄▆▂ | Total Deposits ($M) | $916 | $927 | $944 | $963 | $943 | $939 | $949 | $924 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 16% |