Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.81% | +0.28 | 0.53% |
| Return on Equity (%) | ▲ | 6.66% | +2.35 | 4.31% |
| Net Interest Margin (%) | ▲ | 3.55% | +0.22 | 3.33% |
| Efficiency Ratio (%) | ▲ | 70.74% | -8.63 | 79.38% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.71 | $1 |
| Cost of Funds (%) | ▲ | 1.68% | -0.24 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $543 | +47.17 | $496 |
| Gross Loans ($M) | ▲ | $341 | +35.72 | $305 |
| Loan Growth YoY (%) | ▲ | 73.65% | +3.55 | 70.10% |
| Total Deposits ($M) | ▲ | $459 | +27.47 | $432 |
| Shareholders Equity ($M) | ▲ | $66 | +4.32 | $62 |
| Tang. Book Value ($M) | ▲ | $66 | +4.46 | $62 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +5.04 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 73.65% | +3.55 | 70.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.77% | +0.60 | 0.18% |
| Allowance / Loans (%) | — | 0.90% | -0.05% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 1.23% | +0.95 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.82M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▁▁▁▁▅▆ | Net Interest Margin (%) | 3.66% | 3.60% | 3.36% | 3.33% | 3.33% | 3.34% | 3.50% | 3.55% |
| ▇▇▆▆▆▁██ | Return on Assets (%) | 0.66% | 0.64% | 0.52% | 0.53% | 0.55% | -0.05% | 0.72% | 0.81% |
| ▂▅█▇▆▇▃▁ | Efficiency Ratio (%) | 73.0% | 76.5% | 81.1% | 79.4% | 78.4% | 78.8% | 74.0% | 70.7% |
| ▂▆▄██▅▃▁ | Cost of Funds (%) | 1.72% | 1.86% | 1.80% | 1.92% | 1.93% | 1.82% | 1.74% | 1.68% |
| ▁▁▁▁██▆▆ | NPA / Assets (%) | 0.08% | 0.09% | 0.09% | 0.18% | 1.15% | 1.08% | 0.79% | 0.77% |
| ▁▁▁▁██▆▆ | Net Charge-Off Ratio (%) | 0.13% | 0.15% | 0.16% | 0.29% | 1.83% | 1.75% | 1.27% | 1.23% |
| ▁▁▂▂▆▆▇█ | Tang. Book Value ($M) | $61 | $60 | $61 | $62 | $64 | $64 | $65 | $66 |
| ▁▁▂▄▅▆▇█ | Gross Loans ($M) | $276 | $284 | $289 | $305 | $315 | $324 | $333 | $341 |
| ▁▁▅▃▁▅▇█ | Total Deposits ($M) | $420 | $421 | $440 | $432 | $420 | $442 | $452 | $459 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 7% |
| Consumer | 21% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 23% |