Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.15% | -0.02 | 1.17% |
| Return on Equity (%) | ▼ | 19.64% | -7.65 | 27.29% |
| Net Interest Margin (%) | ▼ | 3.55% | -0.07 | 3.62% |
| Efficiency Ratio (%) | ▲ | 59.58% | -1.88 | 61.46% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.24 | $1 |
| Cost of Funds (%) | ▼ | 1.22% | +0.05 | 1.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $385 | +31.32 | $353 |
| Gross Loans ($M) | ▲ | $136 | +7.64 | $128 |
| Loan Growth YoY (%) | ▼ | 37.77% | -0.32 | 38.09% |
| Total Deposits ($M) | ▲ | $355 | +23.72 | $331 |
| Shareholders Equity ($M) | ▲ | $23 | +6.76 | $16 |
| Tang. Book Value ($M) | ▲ | $23 | +6.76 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +7.56 | $24 |
| Loan / Deposit Ratio (%) | ▼ | 37.77% | -0.32 | 38.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.01% | +0.01 | 0.00% |
| Allowance / Loans (%) | — | 1.48% | -0.29% | 1.77% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.01% | +0.05 | 19.97% |
Noninterest income ($0.56M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇█▆█▇▂▁ | Net Interest Margin (%) | 3.65% | 3.64% | 3.65% | 3.62% | 3.64% | 3.64% | 3.57% | 3.55% |
| ██▅▃▅█▅▁ | Return on Assets (%) | 1.21% | 1.22% | 1.19% | 1.17% | 1.19% | 1.21% | 1.18% | 1.15% |
| ▅▃▆█▇▆▇▁ | Efficiency Ratio (%) | 60.7% | 60.3% | 60.9% | 61.5% | 61.0% | 61.0% | 61.2% | 59.6% |
| ▅▃▁▅█▄▂█ | Cost of Funds (%) | 1.16% | 1.14% | 1.10% | 1.17% | 1.21% | 1.15% | 1.12% | 1.22% |
| ▁▁▁▁█▂▄▂ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.01% | 0.02% | 0.01% |
| ▁▁▁▁█▂▄▂ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% | 0.02% | 0.04% | 0.02% |
| ▅▁▃▃▆█▇█ | Tang. Book Value ($M) | $19 | $13 | $16 | $16 | $20 | $21 | $21 | $23 |
| ▃▃█▁▁▄▇▇ | Gross Loans ($M) | $131 | $132 | $138 | $128 | $128 | $133 | $136 | $136 |
| ▁▁▄▃▃▄██ | Total Deposits ($M) | $318 | $321 | $337 | $331 | $329 | $335 | $357 | $355 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 22% |
| Consumer | 3% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 16% |