Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.89% | +0.20 | 1.68% |
| Return on Equity (%) | ▲ | 18.75% | +0.36 | 18.39% |
| Net Interest Margin (%) | ▲ | 4.70% | +0.25 | 4.45% |
| Efficiency Ratio (%) | ▲ | 61.56% | -2.82 | 64.38% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.19 | $1 |
| Cost of Funds (%) | ▼ | 0.93% | +0.20 | 0.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $317 | -13.58 | $331 |
| Gross Loans ($M) | ▲ | $149 | +0.22 | $149 |
| Loan Growth YoY (%) | ▲ | 54.18% | +5.56 | 48.62% |
| Total Deposits ($M) | ▼ | $271 | -30.59 | $302 |
| Shareholders Equity ($M) | ▲ | $31 | +3.39 | $28 |
| Tang. Book Value ($M) | ▲ | $31 | +3.39 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $37 | +4.82 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 54.18% | +5.56 | 48.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.30 | 0.35% |
| Allowance / Loans (%) | — | 1.36% | 0.01% | 1.35% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.72 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.53M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▄▁▃▄▆▆ | Net Interest Margin (%) | 4.83% | 4.77% | 4.62% | 4.45% | 4.57% | 4.60% | 4.70% | 4.70% |
| ▂▄▂▁▆▆██ | Return on Assets (%) | 1.72% | 1.79% | 1.71% | 1.68% | 1.83% | 1.83% | 1.90% | 1.89% |
| █▇▆▅▂▃▁▁ | Efficiency Ratio (%) | 66.9% | 66.0% | 65.2% | 64.4% | 62.5% | 62.8% | 61.2% | 61.6% |
| ▄▂▅▁▅██▇ | Cost of Funds (%) | 0.83% | 0.77% | 0.85% | 0.73% | 0.87% | 0.96% | 0.95% | 0.93% |
| ███▆▆▁▁▁ | NPA / Assets (%) | 0.53% | 0.48% | 0.48% | 0.35% | 0.39% | 0.06% | 0.04% | 0.05% |
| ▇▇█▇▇▁▁▁ | Net Charge-Off Ratio (%) | 0.74% | 0.73% | 0.85% | 0.72% | 0.67% | 0.05% | 0.02% | 0.00% |
| ▂▁▂▄▆▇▇█ | Tang. Book Value ($M) | $27 | $26 | $27 | $28 | $30 | $31 | $31 | $31 |
| ▁▃▁▂▅█▆▂ | Gross Loans ($M) | $147 | $150 | $147 | $149 | $152 | $156 | $153 | $149 |
| ▁▂▃█▂▃▄▅ | Total Deposits ($M) | $228 | $244 | $251 | $302 | $241 | $250 | $264 | $271 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 9% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 3% |