Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.19% | +0.13 | 0.06% |
| Return on Equity (%) | ▲ | 1.00% | +0.68 | 0.32% |
| Net Interest Margin (%) | ▲ | 3.00% | +0.20 | 2.81% |
| Efficiency Ratio (%) | ▲ | 90.32% | -7.60 | 97.92% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.05 | $0 |
| Cost of Funds (%) | ▲ | 1.26% | -0.10 | 1.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $190 | +3.50 | $187 |
| Gross Loans ($M) | ▲ | $135 | +0.65 | $134 |
| Loan Growth YoY (%) | ▼ | 90.14% | -5.65 | 95.79% |
| Total Deposits ($M) | ▲ | $149 | +9.47 | $140 |
| Shareholders Equity ($M) | ▲ | $37 | +1.27 | $36 |
| Tang. Book Value ($M) | ▲ | $37 | +1.27 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +1.16 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 90.14% | -5.65 | 95.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.08 | 0.19% |
| Allowance / Loans (%) | — | 0.31% | -0.00% | 0.31% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.11 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.21M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▄▅██ | Net Interest Margin (%) | 2.63% | 2.66% | 2.81% | 2.81% | 2.81% | 2.86% | 2.98% | 3.00% |
| ▅▆▁▄▆▇██ | Return on Assets (%) | 0.09% | 0.12% | -0.08% | 0.06% | 0.12% | 0.17% | 0.22% | 0.19% |
| ▄▃█▅▄▂▁▁ | Efficiency Ratio (%) | 96.3% | 94.4% | 103.2% | 97.9% | 95.5% | 93.4% | 90.8% | 90.3% |
| █▄▆█▆▇▂▁ | Cost of Funds (%) | 1.37% | 1.31% | 1.33% | 1.36% | 1.33% | 1.34% | 1.27% | 1.26% |
| ▁▂▅██▇▇▄ | NPA / Assets (%) | 0.05% | 0.07% | 0.12% | 0.19% | 0.18% | 0.17% | 0.16% | 0.11% |
| ▁▂▅██▇▇▄ | Net Charge-Off Ratio (%) | 0.07% | 0.10% | 0.17% | 0.26% | 0.26% | 0.23% | 0.22% | 0.15% |
| ▅▁▃▃▆███ | Tang. Book Value ($M) | $36 | $35 | $36 | $36 | $36 | $37 | $37 | $37 |
| ▁▂▆▅▆▂█▆ | Gross Loans ($M) | $133 | $133 | $135 | $134 | $135 | $133 | $136 | $135 |
| ▂▁▂▃▇▅▇█ | Total Deposits ($M) | $138 | $136 | $139 | $140 | $147 | $144 | $147 | $149 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 15% |