Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.85% | -0.04 | 0.89% |
| Return on Equity (%) | ▼ | 8.66% | -0.76 | 9.42% |
| Net Interest Margin (%) | ▲ | 4.14% | +0.03 | 4.11% |
| Efficiency Ratio (%) | ▼ | 69.67% | +5.97 | 63.69% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.23 | $2 |
| Cost of Funds (%) | ▲ | 1.86% | -0.24 | 2.09% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $398 | +1.15 | $397 |
| Gross Loans ($M) | ▲ | $338 | +2.75 | $335 |
| Loan Growth YoY (%) | ▲ | 95.98% | +0.35 | 95.63% |
| Total Deposits ($M) | ▲ | $348 | +1.56 | $347 |
| Shareholders Equity ($M) | ▲ | $40 | +2.22 | $38 |
| Tang. Book Value ($M) | ▲ | $40 | +2.22 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 95.98% | +0.35 | 95.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.06 | 0.15% |
| Allowance / Loans (%) | — | 1.05% | -0.00% | 1.05% |
| Net Charge-Off Ratio (%) | ▲ | 0.11% | -0.02 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.76% | +0.77 | 11.99% |
Noninterest income ($0.72M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇███▇█ | Net Interest Margin (%) | 3.68% | 3.76% | 4.06% | 4.11% | 4.14% | 4.14% | 4.06% | 4.14% |
| ▁▆▆▇██▄▅ | Return on Assets (%) | 0.74% | 0.86% | 0.87% | 0.89% | 0.92% | 0.92% | 0.81% | 0.85% |
| █▅▂▁▁▁█▇ | Efficiency Ratio (%) | 71.1% | 67.7% | 64.6% | 63.7% | 63.4% | 63.3% | 70.7% | 69.7% |
| █▆▄▄▃▃▁▁ | Cost of Funds (%) | 2.45% | 2.27% | 2.11% | 2.09% | 2.06% | 2.08% | 1.86% | 1.86% |
| ▃▃█▄▄▂▁▁ | NPA / Assets (%) | 0.14% | 0.12% | 0.23% | 0.15% | 0.15% | 0.12% | 0.08% | 0.09% |
| ▂▁█▄▄▂▁▂ | Net Charge-Off Ratio (%) | 0.10% | 0.08% | 0.21% | 0.13% | 0.14% | 0.11% | 0.08% | 0.11% |
| ▁▃▃▅▅▇▇█ | Tang. Book Value ($M) | $36 | $37 | $37 | $38 | $38 | $39 | $39 | $40 |
| ▁▁▆▆█▆▅█ | Gross Loans ($M) | $327 | $328 | $335 | $335 | $337 | $334 | $333 | $338 |
| ▂▂▁▁▅▄█▁ | Total Deposits ($M) | $350 | $349 | $348 | $347 | $354 | $353 | $361 | $348 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 49% |
| C&I / Commercial | 4% |
| Consumer | 47% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 16% |