Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.25% | +0.52 | 0.72% |
| Return on Equity (%) | ▲ | 17.29% | +7.95 | 9.34% |
| Net Interest Margin (%) | ▲ | 3.26% | +0.42 | 2.84% |
| Efficiency Ratio (%) | ▲ | 60.74% | -9.90 | 70.64% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.29 | $1 |
| Cost of Funds (%) | ▲ | 1.57% | -0.83 | 2.40% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $430 | +72.81 | $358 |
| Gross Loans ($M) | ▲ | $291 | +22.96 | $268 |
| Loan Growth YoY (%) | ▼ | 76.04% | -10.68 | 86.72% |
| Total Deposits ($M) | ▲ | $378 | +72.76 | $306 |
| Shareholders Equity ($M) | ▲ | $31 | +4.37 | $27 |
| Tang. Book Value ($M) | ▲ | $31 | +4.43 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 76.04% | -10.68 | 86.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.61% | +0.16 | 1.46% |
| Allowance / Loans (%) | — | 1.05% | 0.02% | 1.03% |
| Net Charge-Off Ratio (%) | ▼ | 1.64% | +0.40 | 1.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.68% | +0.49 | 11.19% |
Noninterest income ($2.03M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▁▃▆▅█ | Net Interest Margin (%) | 2.90% | 2.91% | 2.81% | 2.84% | 2.95% | 3.10% | 3.04% | 3.26% |
| ▁▁▁▁▁▂▅█ | Return on Assets (%) | 0.73% | 0.74% | 0.70% | 0.72% | 0.76% | 0.83% | 1.04% | 1.25% |
| █████▇▃▁ | Efficiency Ratio (%) | 70.6% | 70.8% | 70.7% | 70.6% | 70.8% | 69.2% | 63.9% | 60.7% |
| ██▇▆▅▄▂▁ | Cost of Funds (%) | 2.64% | 2.76% | 2.49% | 2.40% | 2.29% | 2.14% | 1.74% | 1.57% |
| ▁▃▂▁█▃▂▃ | NPA / Assets (%) | 1.50% | 1.62% | 1.57% | 1.46% | 2.02% | 1.61% | 1.56% | 1.61% |
| ▃▄▁▁█▂▆▆ | Net Charge-Off Ratio (%) | 1.47% | 1.55% | 1.26% | 1.24% | 1.87% | 1.33% | 1.64% | 1.64% |
| ▁▁▂▃▄▅▆█ | Tang. Book Value ($M) | $24 | $25 | $26 | $26 | $27 | $28 | $29 | $31 |
| ▁▂▁▂▄▅▆█ | Gross Loans ($M) | $265 | $268 | $264 | $268 | $275 | $281 | $283 | $291 |
| ▁▁▁▃▄▄██ | Total Deposits ($M) | $275 | $270 | $283 | $306 | $316 | $319 | $384 | $378 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 16% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 9% |