Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.19% | +0.12 | 0.06% |
| Return on Equity (%) | ▲ | 2.14% | +1.34 | 0.80% |
| Net Interest Margin (%) | ▲ | 3.57% | +0.22 | 3.35% |
| Efficiency Ratio (%) | ▼ | 89.11% | +4.16 | 84.95% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.00 | $0 |
| Cost of Funds (%) | ▲ | 1.77% | -0.06 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $312 | +13.36 | $299 |
| Gross Loans ($M) | ▲ | $239 | +27.22 | $212 |
| Loan Growth YoY (%) | ▲ | 96.05% | +6.17 | 89.87% |
| Total Deposits ($M) | ▲ | $247 | +13.23 | $233 |
| Shareholders Equity ($M) | ▲ | $28 | +4.81 | $23 |
| Tang. Book Value ($M) | ▲ | $27 | +4.97 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +4.35 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 96.05% | +6.17 | 89.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.86% | +0.56 | 0.30% |
| Allowance / Loans (%) | — | 0.77% | -0.05% | 0.83% |
| Net Charge-Off Ratio (%) | ▼ | 1.12% | +0.91 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▁▁▅█ | Net Interest Margin (%) | 3.28% | 3.32% | 3.34% | 3.35% | 3.30% | 3.31% | 3.45% | 3.57% |
| █▇▆▁▃▃▁▄ | Return on Assets (%) | 0.39% | 0.34% | 0.28% | 0.06% | 0.15% | 0.18% | 0.10% | 0.19% |
| ▂▁▁▁▁▂█▆ | Efficiency Ratio (%) | 85.9% | 84.7% | 85.4% | 84.9% | 85.2% | 85.7% | 91.7% | 89.1% |
| █▄▄▃█▇▁▁ | Cost of Funds (%) | 1.98% | 1.85% | 1.88% | 1.83% | 1.97% | 1.93% | 1.79% | 1.77% |
| ▃▁▁▁▁▄██ | NPA / Assets (%) | 0.48% | 0.31% | 0.32% | 0.30% | 0.34% | 0.56% | 0.85% | 0.86% |
| ▁▁▁▁▁▅██ | Net Charge-Off Ratio (%) | 0.19% | 0.20% | 0.22% | 0.21% | 0.29% | 0.70% | 1.08% | 1.12% |
| ▁▁▁▁▂███ | Tang. Book Value ($M) | $22 | $22 | $22 | $22 | $23 | $27 | $27 | $27 |
| ▁▁▁▂▃▆██ | Gross Loans ($M) | $205 | $204 | $206 | $212 | $217 | $228 | $235 | $239 |
| ▁▂▃▅████ | Total Deposits ($M) | $205 | $214 | $220 | $233 | $250 | $245 | $251 | $247 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 16% |