Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.19% | +0.17 | 0.02% |
| Return on Equity (%) | ▲ | 2.41% | +2.14 | 0.27% |
| Net Interest Margin (%) | ▲ | 3.57% | +0.26 | 3.31% |
| Efficiency Ratio (%) | ▲ | 93.30% | -4.85 | 98.14% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.15 | $0 |
| Cost of Funds (%) | ▲ | 1.52% | -0.12 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $255 | -0.15 | $255 |
| Gross Loans ($M) | ▲ | $193 | +1.28 | $192 |
| Loan Growth YoY (%) | ▼ | 88.34% | -0.02 | 88.36% |
| Total Deposits ($M) | ▲ | $217 | +1.29 | $216 |
| Shareholders Equity ($M) | ▲ | $19 | +1.24 | $18 |
| Tang. Book Value ($M) | ▲ | $19 | +1.32 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +1.28 | $19 |
| Loan / Deposit Ratio (%) | ▼ | 88.34% | -0.02 | 88.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.46% | -1.69 | 2.15% |
| Allowance / Loans (%) | — | 0.76% | 0.10% | 0.66% |
| Net Charge-Off Ratio (%) | ▲ | 0.61% | -1.14 | 1.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.82% | +0.33 | 10.49% |
Noninterest income ($0.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▆▆█ | Net Interest Margin (%) | 3.10% | 3.14% | 3.19% | 3.31% | 3.30% | 3.42% | 3.43% | 3.57% |
| ▁▂▂▄▆▇▅█ | Return on Assets (%) | -0.14% | -0.07% | -0.07% | 0.02% | 0.07% | 0.12% | 0.04% | 0.19% |
| █▇█▅▃▁▄▁ | Efficiency Ratio (%) | 102.7% | 100.9% | 101.6% | 98.1% | 96.3% | 94.3% | 97.5% | 93.3% |
| █▅▇▆▅▁▁▁ | Cost of Funds (%) | 1.73% | 1.64% | 1.68% | 1.65% | 1.63% | 1.50% | 1.51% | 1.52% |
| ▄█████▅▁ | NPA / Assets (%) | 1.25% | 2.32% | 2.14% | 2.15% | 2.20% | 2.23% | 1.52% | 0.46% |
| ▁█▇▇█▇▇▁ | Net Charge-Off Ratio (%) | 0.54% | 1.94% | 1.70% | 1.75% | 1.78% | 1.76% | 1.67% | 0.61% |
| ▂▁▃▄▇███ | Tang. Book Value ($M) | $17 | $16 | $17 | $18 | $18 | $19 | $19 | $19 |
| ▄█▅▂▁▂▂▃ | Gross Loans ($M) | $195 | $201 | $196 | $192 | $190 | $192 | $192 | $193 |
| ▆██▇▅▁▁█ | Total Deposits ($M) | $212 | $219 | $217 | $216 | $210 | $199 | $199 | $217 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 12% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 11% |