Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.17% | +0.34 | -0.17% |
| Return on Equity (%) | ▲ | 1.42% | +3.04 | -1.62% |
| Net Interest Margin (%) | ▲ | 4.04% | +0.15 | 3.89% |
| Efficiency Ratio (%) | ▼ | 112.31% | +10.99 | 101.32% |
| Pre-Provision Profit ($M) | ▲ | $-1 | +0.48 | $-1 |
| Cost of Funds (%) | ▲ | 1.88% | -0.14 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $732 | -96.24 | $829 |
| Gross Loans ($M) | ▼ | $499 | -53.01 | $552 |
| Loan Growth YoY (%) | ▼ | 77.79% | -0.08 | 77.87% |
| Total Deposits ($M) | ▼ | $636 | -62.83 | $699 |
| Shareholders Equity ($M) | ▼ | $89 | -2.55 | $92 |
| Tang. Book Value ($M) | ▼ | $89 | -2.13 | $91 |
| TBV excl. AOCI ($M)** | ▼ | $96 | -4.67 | $101 |
| Loan / Deposit Ratio (%) | ▼ | 77.79% | -0.08 | 77.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.51 | 0.55% |
| Allowance / Loans (%) | — | 0.86% | -0.57% | 1.42% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.76 | 0.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -14.64 | 14.64% |
Noninterest income ($1.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▂▃▃▁▄ | Net Interest Margin (%) | 4.58% | 4.51% | 3.78% | 3.89% | 4.03% | 3.97% | 3.71% | 4.04% |
| █▇▄▂▁▁▃▅ | Return on Assets (%) | 0.51% | 0.32% | 0.04% | -0.17% | -0.31% | -0.33% | -0.07% | 0.17% |
| ▁▁▄▅▅▆█▇ | Efficiency Ratio (%) | 82.9% | 87.3% | 97.5% | 101.3% | 104.7% | 107.9% | 119.1% | 112.3% |
| █▄▅▄█▁▁▁ | Cost of Funds (%) | 2.18% | 2.02% | 2.06% | 2.02% | 2.16% | 1.90% | 1.88% | 1.88% |
| █▇▆▃▇▆▆▁ | NPA / Assets (%) | 1.43% | 1.25% | 0.92% | 0.55% | 1.09% | 0.97% | 0.96% | 0.04% |
| ██▆▄█▇▇▁ | Net Charge-Off Ratio (%) | 1.88% | 1.88% | 1.40% | 0.82% | 1.69% | 1.54% | 1.56% | 0.06% |
| █▆▇▇▆▄▁▂ | Tang. Book Value ($M) | $92 | $91 | $91 | $91 | $91 | $90 | $89 | $89 |
| █▇▆▆▂▂▁▂ | Gross Loans ($M) | $598 | $574 | $558 | $552 | $504 | $491 | $475 | $499 |
| ▅██▄▃▂▃▁ | Total Deposits ($M) | $713 | $770 | $762 | $699 | $681 | $658 | $679 | $636 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 33% |
| C&I / Commercial | 51% |
| Consumer | 8% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 44% |
| Brokered / Other | 20% |