Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.59% | +0.44 | 0.15% |
| Return on Equity (%) | ▲ | 6.78% | +4.95 | 1.83% |
| Net Interest Margin (%) | ▲ | 2.88% | +0.07 | 2.81% |
| Efficiency Ratio (%) | ▲ | 78.08% | -11.57 | 89.64% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.23 | $0 |
| Cost of Funds (%) | ▼ | 1.93% | +0.08 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $173 | +16.72 | $157 |
| Gross Loans ($M) | ▲ | $84 | +3.82 | $80 |
| Loan Growth YoY (%) | ▲ | 59.15% | +0.56 | 58.60% |
| Total Deposits ($M) | ▲ | $141 | +5.36 | $136 |
| Shareholders Equity ($M) | ▲ | $16 | +4.17 | $12 |
| Tang. Book Value ($M) | ▲ | $16 | +4.18 | $12 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +4.85 | $15 |
| Loan / Deposit Ratio (%) | ▲ | 59.15% | +0.56 | 58.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.59% | +0.07 | 0.52% |
| Allowance / Loans (%) | — | 0.53% | -0.16% | 0.69% |
| Net Charge-Off Ratio (%) | ▼ | 1.21% | +0.25 | 0.96% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.72% | -0.79 | 21.51% |
Noninterest income ($0.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁█▇▅▆▅█ | Net Interest Margin (%) | 2.41% | 2.43% | 2.91% | 2.81% | 2.71% | 2.78% | 2.71% | 2.88% |
| ▁▂▃▃▄▄▇█ | Return on Assets (%) | -0.01% | 0.09% | 0.15% | 0.15% | 0.26% | 0.28% | 0.48% | 0.59% |
| █▇▅▄▃▂▂▁ | Efficiency Ratio (%) | 101.7% | 96.5% | 91.9% | 89.6% | 86.3% | 81.9% | 81.4% | 78.1% |
| ██▁▂▆▇▇▃ | Cost of Funds (%) | 2.30% | 2.25% | 1.76% | 1.85% | 2.11% | 2.20% | 2.18% | 1.93% |
| ▁▄▁▅▂█▂▇ | NPA / Assets (%) | 0.43% | 0.50% | 0.41% | 0.52% | 0.44% | 0.63% | 0.46% | 0.59% |
| ▁▂▁▄▂█▃█ | Net Charge-Off Ratio (%) | 0.72% | 0.84% | 0.74% | 0.96% | 0.81% | 1.19% | 0.88% | 1.21% |
| ▃▁▂▁▄▆▅█ | Tang. Book Value ($M) | $13 | $12 | $13 | $12 | $14 | $15 | $14 | $16 |
| ▄▃▂▁█▇▅▄ | Gross Loans ($M) | $84 | $83 | $82 | $80 | $89 | $88 | $85 | $84 |
| ▁▁▂▄▇▇█▅ | Total Deposits ($M) | $120 | $122 | $128 | $136 | $151 | $148 | $156 | $141 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 1% |
| Consumer | 39% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 22% |