Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.77% | +0.19 | 0.58% |
| Return on Equity (%) | ▲ | 6.59% | +1.17 | 5.42% |
| Net Interest Margin (%) | ▲ | 3.27% | +0.28 | 2.99% |
| Efficiency Ratio (%) | ▲ | 71.94% | -5.42 | 77.36% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.45 | $1 |
| Cost of Funds (%) | ▲ | 1.28% | -0.19 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $648 | +3.63 | $644 |
| Gross Loans ($M) | ▼ | $499 | -12.46 | $511 |
| Loan Growth YoY (%) | ▼ | 88.24% | -5.27 | 93.51% |
| Total Deposits ($M) | ▲ | $559 | +18.46 | $541 |
| Shareholders Equity ($M) | ▲ | $77 | +5.86 | $71 |
| Tang. Book Value ($M) | ▲ | $77 | +5.86 | $71 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +5.51 | $74 |
| Loan / Deposit Ratio (%) | ▼ | 88.24% | -5.27 | 93.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.96% | +0.37 | 0.60% |
| Allowance / Loans (%) | — | 1.12% | -0.02% | 1.14% |
| Net Charge-Off Ratio (%) | ▼ | 1.25% | +0.50 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.01M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▇█ | Net Interest Margin (%) | 2.84% | 2.85% | 2.90% | 2.99% | 3.04% | 3.07% | 3.16% | 3.27% |
| ▁▁▂▄▆▆▇█ | Return on Assets (%) | 0.46% | 0.49% | 0.53% | 0.58% | 0.69% | 0.69% | 0.71% | 0.77% |
| ▇▆█▇▄▄▂▁ | Efficiency Ratio (%) | 77.2% | 76.9% | 78.9% | 77.4% | 75.3% | 75.1% | 73.4% | 71.9% |
| ██▆▄▄▃▂▁ | Cost of Funds (%) | 1.70% | 1.69% | 1.58% | 1.47% | 1.47% | 1.41% | 1.34% | 1.28% |
| ▁▁▂▁▁█▆▇ | NPA / Assets (%) | 0.55% | 0.60% | 0.62% | 0.60% | 0.61% | 1.09% | 0.94% | 0.96% |
| ▁▁▂▁▁█▇▇ | Net Charge-Off Ratio (%) | 0.69% | 0.77% | 0.80% | 0.75% | 0.77% | 1.40% | 1.25% | 1.25% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $69 | $68 | $70 | $71 | $73 | $75 | $76 | $77 |
| █▇▆▇▅▃▁▂ | Gross Loans ($M) | $516 | $513 | $509 | $511 | $505 | $500 | $493 | $499 |
| ▁▂▄▃▃▄██ | Total Deposits ($M) | $532 | $536 | $543 | $541 | $539 | $545 | $559 | $559 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 6% |