Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.21% | -0.01 | 0.23% |
| Return on Equity (%) | ▼ | 2.16% | -0.31 | 2.47% |
| Net Interest Margin (%) | ▲ | 2.20% | +0.29 | 1.91% |
| Efficiency Ratio (%) | ▼ | 90.40% | +2.16 | 88.24% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.04 | $1 |
| Cost of Funds (%) | ▲ | 2.03% | -0.27 | 2.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $773 | -54.14 | $828 |
| Gross Loans ($M) | ▲ | $497 | +45.84 | $451 |
| Loan Growth YoY (%) | ▲ | 77.07% | +14.50 | 62.57% |
| Total Deposits ($M) | ▼ | $642 | -75.12 | $717 |
| Shareholders Equity ($M) | ▲ | $75 | +3.02 | $72 |
| Tang. Book Value ($M) | ▲ | $75 | +3.04 | $72 |
| TBV excl. AOCI ($M)** | ▲ | $86 | +1.93 | $84 |
| Loan / Deposit Ratio (%) | ▲ | 77.07% | +14.50 | 62.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.03 | 0.13% |
| Allowance / Loans (%) | — | 0.46% | -0.11% | 0.57% |
| Net Charge-Off Ratio (%) | ▼ | 0.24% | +0.02 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.55% | -1.42 | 20.96% |
Noninterest income ($1.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▄██ | Net Interest Margin (%) | 1.88% | 1.88% | 1.88% | 1.91% | 1.99% | 2.01% | 2.16% | 2.20% |
| ▁▂▅██▇▅█ | Return on Assets (%) | 0.05% | 0.07% | 0.16% | 0.23% | 0.22% | 0.20% | 0.16% | 0.21% |
| ██▂▁▁▂▄▂ | Efficiency Ratio (%) | 99.8% | 101.1% | 91.2% | 88.2% | 89.3% | 91.4% | 93.4% | 90.4% |
| ▁▇▄▆█▃▁▁ | Cost of Funds (%) | 2.01% | 2.34% | 2.18% | 2.29% | 2.42% | 2.15% | 2.04% | 2.03% |
| ▁▁▄▁█▆▁▃ | NPA / Assets (%) | 0.14% | 0.14% | 0.17% | 0.13% | 0.21% | 0.18% | 0.13% | 0.15% |
| ▂▂▅▂█▅▁▃ | Net Charge-Off Ratio (%) | 0.22% | 0.22% | 0.27% | 0.22% | 0.33% | 0.27% | 0.20% | 0.24% |
| ▃▁▃▅▇███ | Tang. Book Value ($M) | $71 | $68 | $71 | $72 | $74 | $75 | $75 | $75 |
| ▁▂▃▃▄▅▆█ | Gross Loans ($M) | $426 | $438 | $447 | $451 | $455 | $469 | $477 | $497 |
| ▁▂▄█▄▄▄▄ | Total Deposits ($M) | $587 | $608 | $641 | $717 | $646 | $637 | $648 | $642 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 4% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 30% |