Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.75% | -0.11 | 0.85% |
| Return on Equity (%) | ▼ | 6.89% | -0.86 | 7.75% |
| Net Interest Margin (%) | ▲ | 4.23% | +0.11 | 4.12% |
| Efficiency Ratio (%) | ▲ | 69.18% | -6.61 | 75.79% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.23 | $0 |
| Cost of Funds (%) | ▼ | 1.48% | +0.05 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $160 | +14.77 | $145 |
| Gross Loans ($M) | ▲ | $115 | +22.83 | $92 |
| Loan Growth YoY (%) | ▲ | 80.83% | +9.35 | 71.49% |
| Total Deposits ($M) | ▲ | $141 | +13.45 | $128 |
| Shareholders Equity ($M) | ▲ | $17 | +1.42 | $16 |
| Tang. Book Value ($M) | ▲ | $17 | +1.42 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +1.30 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 80.83% | +9.35 | 71.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.07 | 0.07% |
| Allowance / Loans (%) | — | 1.00% | -0.21% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.11 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.79% | -2.44 | 22.23% |
Noninterest income ($0.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▆▅▂█ | Net Interest Margin (%) | 4.04% | 4.06% | 4.10% | 4.12% | 4.16% | 4.14% | 4.07% | 4.23% |
| ▇▆▄▄▂▃█▁ | Return on Assets (%) | 0.96% | 0.92% | 0.86% | 0.85% | 0.80% | 0.83% | 0.99% | 0.75% |
| ▄▅▆▇█▇▂▁ | Efficiency Ratio (%) | 73.0% | 74.3% | 75.4% | 75.8% | 77.6% | 76.5% | 70.7% | 69.2% |
| ▅▆▁▁▄█▁▄ | Cost of Funds (%) | 1.50% | 1.52% | 1.44% | 1.43% | 1.48% | 1.55% | 1.44% | 1.48% |
| ▁▁▂▁▁▁█▁ | NPA / Assets (%) | 0.05% | 0.03% | 0.09% | 0.07% | 0.07% | 0.06% | 0.59% | 0.00% |
| ▁▁▂▂▁▁█▁ | Net Charge-Off Ratio (%) | 0.08% | 0.04% | 0.14% | 0.11% | 0.10% | 0.09% | 0.88% | 0.00% |
| ▂▁▂▄▆▇██ | Tang. Book Value ($M) | $15 | $15 | $15 | $16 | $17 | $17 | $17 | $17 |
| ▁▁▂▃▄▆▇█ | Gross Loans ($M) | $85 | $86 | $90 | $92 | $97 | $104 | $110 | $115 |
| ▁▁▂▃▃▅█▇ | Total Deposits ($M) | $121 | $119 | $122 | $128 | $127 | $134 | $145 | $141 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 8% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 34% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 18% |