Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.72% | +0.12 | 0.60% |
| Return on Equity (%) | ▲ | 6.08% | +0.99 | 5.09% |
| Net Interest Margin (%) | ▼ | 5.45% | -0.21 | 5.66% |
| Efficiency Ratio (%) | ▲ | 82.61% | -1.34 | 83.96% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.05 | $0 |
| Cost of Funds (%) | ▼ | 0.01% | +0.00 | 0.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $192 | +12.37 | $179 |
| Gross Loans ($M) | ▼ | $95 | -1.30 | $96 |
| Loan Growth YoY (%) | ▼ | 56.02% | -4.77 | 60.80% |
| Total Deposits ($M) | ▲ | $167 | +11.25 | $156 |
| Shareholders Equity ($M) | ▲ | $22 | +1.14 | $21 |
| Tang. Book Value ($M) | ▲ | $22 | +1.24 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +1.97 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 56.02% | -4.77 | 60.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.81% | -0.70 | 2.51% |
| Allowance / Loans (%) | — | 0.97% | -0.16% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 3.03% | -1.67 | 4.70% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 26.81% | +1.59 | 25.22% |
Noninterest income ($0.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▅▄██▁▁ | Net Interest Margin (%) | 5.93% | 5.88% | 5.72% | 5.66% | 5.89% | 5.94% | 5.49% | 5.45% |
| ▂▁▁▃██▄▇ | Return on Assets (%) | 0.55% | 0.49% | 0.51% | 0.60% | 0.78% | 0.77% | 0.63% | 0.72% |
| ▇█▇▅▁▂▅▃ | Efficiency Ratio (%) | 85.8% | 86.6% | 85.7% | 84.0% | 81.0% | 82.1% | 84.3% | 82.6% |
| ▅█▅▁▁▅▁▄ | Cost of Funds (%) | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| ▄▄█▇▄▁▁▃ | NPA / Assets (%) | 1.98% | 2.05% | 2.74% | 2.51% | 1.91% | 1.51% | 1.36% | 1.81% |
| ▄▄█▇▃▁▁▂ | Net Charge-Off Ratio (%) | 3.72% | 3.82% | 5.00% | 4.70% | 3.56% | 2.99% | 2.74% | 3.03% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $20 | $20 | $20 | $20 | $21 | $21 | $21 | $22 |
| ▄▆█▇▃▁▄▅ | Gross Loans ($M) | $94 | $95 | $97 | $96 | $92 | $90 | $93 | $95 |
| ▂▃▃▄▁▃▇█ | Total Deposits ($M) | $154 | $154 | $154 | $156 | $149 | $154 | $163 | $167 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 12% |
| Consumer | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 42% |
| Brokered / Other | 14% |