Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.97% | +0.15 | 0.83% |
| Return on Equity (%) | ▲ | 10.85% | +1.61 | 9.24% |
| Net Interest Margin (%) | ▲ | 3.48% | +0.43 | 3.05% |
| Efficiency Ratio (%) | ▲ | 75.61% | -0.13 | 75.74% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.53 | $2 |
| Cost of Funds (%) | ▲ | 1.90% | -0.17 | 2.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $687 | +36.59 | $650 |
| Gross Loans ($M) | ▲ | $594 | +31.62 | $562 |
| Loan Growth YoY (%) | ▼ | 108.78% | -7.88 | 116.66% |
| Total Deposits ($M) | ▲ | $540 | +63.45 | $477 |
| Shareholders Equity ($M) | ▲ | $63 | +4.05 | $59 |
| Tang. Book Value ($M) | ▲ | $58 | +4.24 | $54 |
| Loan / Deposit Ratio (%) | ▼ | 108.78% | -7.88 | 116.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.83% | +0.18 | 0.65% |
| Allowance / Loans (%) | — | 1.03% | -0.02% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.94% | +0.19 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -14.20 | 14.20% |
Noninterest income ($2.97M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 2.55% | 2.63% | 2.99% | 3.05% | 3.12% | 3.20% | 3.38% | 3.48% |
| ▁▂▇▇▇▇▇█ | Return on Assets (%) | 0.32% | 0.45% | 0.82% | 0.83% | 0.83% | 0.84% | 0.83% | 0.97% |
| ██▁▁▁▁▃▁ | Efficiency Ratio (%) | 86.3% | 85.5% | 76.9% | 75.7% | 76.4% | 75.6% | 79.1% | 75.6% |
| █▇▅▃▂▂▁▁ | Cost of Funds (%) | 2.55% | 2.44% | 2.25% | 2.07% | 2.03% | 2.03% | 1.90% | 1.90% |
| █▇▆▁▅▃▄▅ | NPA / Assets (%) | 1.00% | 0.95% | 0.88% | 0.65% | 0.85% | 0.76% | 0.81% | 0.83% |
| █▇▅▁▅▃▄▄ | Net Charge-Off Ratio (%) | 1.17% | 1.09% | 1.01% | 0.75% | 0.99% | 0.88% | 0.95% | 0.94% |
| ▁▁▃▄▆▅▆█ | Tang. Book Value ($M) | $51 | $52 | $53 | $54 | $56 | $55 | $56 | $58 |
| ▄▅▁▄▅▇██ | Gross Loans ($M) | $566 | $569 | $541 | $562 | $571 | $583 | $592 | $594 |
| ▆▆▃▁▂▆█▇ | Total Deposits ($M) | $529 | $530 | $502 | $477 | $489 | $535 | $555 | $540 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 20% |