Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.65% | +0.28 | 0.37% |
| Return on Equity (%) | ▲ | 7.23% | +2.43 | 4.80% |
| Net Interest Margin (%) | ▲ | 3.66% | +0.44 | 3.22% |
| Efficiency Ratio (%) | ▲ | 82.49% | -8.75 | 91.24% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.39 | $1 |
| Cost of Funds (%) | ▲ | 1.10% | -0.27 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $433 | -0.21 | $433 |
| Gross Loans ($M) | ▲ | $261 | +4.48 | $257 |
| Loan Growth YoY (%) | ▲ | 69.63% | +0.06 | 69.57% |
| Total Deposits ($M) | ▲ | $371 | +6.01 | $365 |
| Shareholders Equity ($M) | ▲ | $40 | +8.00 | $32 |
| Tang. Book Value ($M) | ▲ | $40 | +8.12 | $32 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +7.63 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 69.63% | +0.06 | 69.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.52% | -0.01 | 0.53% |
| Allowance / Loans (%) | — | 1.12% | 0.01% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 0.86% | -0.02 | 0.89% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▄▇█ | Net Interest Margin (%) | 3.12% | 3.11% | 3.12% | 3.22% | 3.32% | 3.38% | 3.58% | 3.66% |
| ▃▃▁▃▅▇██ | Return on Assets (%) | 0.37% | 0.39% | 0.23% | 0.37% | 0.48% | 0.56% | 0.61% | 0.65% |
| ▄▄█▆▄▂▁▁ | Efficiency Ratio (%) | 87.5% | 87.9% | 94.6% | 91.2% | 87.8% | 85.1% | 83.7% | 82.5% |
| ▇▇█▇█▄▂▁ | Cost of Funds (%) | 1.35% | 1.36% | 1.41% | 1.37% | 1.39% | 1.23% | 1.17% | 1.10% |
| ▂▄▂█▁▅▆█ | NPA / Assets (%) | 0.28% | 0.34% | 0.25% | 0.53% | 0.20% | 0.40% | 0.42% | 0.52% |
| ▃▄▂█▁▅▆█ | Net Charge-Off Ratio (%) | 0.49% | 0.60% | 0.43% | 0.89% | 0.34% | 0.67% | 0.70% | 0.86% |
| ▄▁▂▁▄▆▆█ | Tang. Book Value ($M) | $35 | $32 | $33 | $32 | $35 | $38 | $38 | $40 |
| ▁▃▄▇▇███ | Gross Loans ($M) | $231 | $240 | $245 | $257 | $256 | $258 | $260 | $261 |
| ▁▄▄▅▁▃▇█ | Total Deposits ($M) | $356 | $362 | $362 | $365 | $355 | $361 | $369 | $371 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 7% |