Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.93% | +0.26 | 1.67% |
| Return on Equity (%) | ▲ | 17.69% | +1.62 | 16.07% |
| Net Interest Margin (%) | ▲ | 4.31% | +0.13 | 4.17% |
| Efficiency Ratio (%) | ▲ | 58.25% | -1.73 | 59.99% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.15 | $2 |
| Cost of Funds (%) | ▲ | 1.61% | -0.05 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $460 | +13.79 | $446 |
| Gross Loans ($M) | ▲ | $338 | +27.17 | $311 |
| Loan Growth YoY (%) | ▲ | 83.53% | +4.30 | 79.23% |
| Total Deposits ($M) | ▲ | $399 | +12.51 | $387 |
| Shareholders Equity ($M) | ▲ | $51 | +4.16 | $47 |
| Tang. Book Value ($M) | ▲ | $51 | +4.16 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +4.29 | $50 |
| Loan / Deposit Ratio (%) | ▲ | 83.53% | +4.30 | 79.23% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.05% | -0.18 | 1.23% |
| Allowance / Loans (%) | — | 1.39% | -0.09% | 1.49% |
| Net Charge-Off Ratio (%) | ▲ | 1.39% | -0.22 | 1.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.01M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▆▁▄▇█▇█ | Net Interest Margin (%) | 4.25% | 4.25% | 4.08% | 4.17% | 4.25% | 4.29% | 4.27% | 4.31% |
| ▃▄▁▂▅▆██ | Return on Assets (%) | 1.73% | 1.77% | 1.61% | 1.67% | 1.78% | 1.84% | 1.91% | 1.93% |
| ▃▃█▇▄▃▁▂ | Efficiency Ratio (%) | 58.6% | 58.5% | 60.6% | 60.0% | 58.8% | 58.5% | 57.5% | 58.3% |
| ▃▅▅▆█▅▁▃ | Cost of Funds (%) | 1.61% | 1.65% | 1.64% | 1.66% | 1.71% | 1.65% | 1.57% | 1.61% |
| █▆█▅▁▃▁▂ | NPA / Assets (%) | 1.44% | 1.30% | 1.48% | 1.23% | 0.97% | 1.10% | 0.99% | 1.05% |
| ▇▅█▄▁▃▁▁ | Net Charge-Off Ratio (%) | 1.84% | 1.63% | 1.91% | 1.61% | 1.33% | 1.51% | 1.36% | 1.39% |
| ▁▁▂▄▆▇▇█ | Tang. Book Value ($M) | $44 | $44 | $45 | $47 | $48 | $49 | $50 | $51 |
| ▁▂▂▃▄▅▆█ | Gross Loans ($M) | $295 | $305 | $306 | $311 | $316 | $319 | $325 | $338 |
| ▁▂▃▆▆▇██ | Total Deposits ($M) | $363 | $367 | $375 | $387 | $389 | $394 | $399 | $399 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 7% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 12% |