Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.36% | +0.10 | 0.26% |
| Return on Equity (%) | ▲ | 4.84% | +0.72 | 4.12% |
| Net Interest Margin (%) | ▲ | 1.62% | +0.07 | 1.55% |
| Efficiency Ratio (%) | ▲ | 77.10% | -4.27 | 81.37% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.67 | $1 |
| Cost of Funds (%) | ▲ | 3.05% | -0.40 | 3.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,112 | -10.53 | $1,122 |
| Gross Loans ($M) | ▼ | $780 | -28.51 | $809 |
| Loan Growth YoY (%) | ▼ | 80.37% | -0.72 | 81.09% |
| Total Deposits ($M) | ▼ | $961 | -26.65 | $988 |
| Shareholders Equity ($M) | ▲ | $85 | +7.31 | $78 |
| Tang. Book Value ($M) | ▲ | $85 | +7.33 | $78 |
| TBV excl. AOCI ($M)** | ▲ | $98 | +7.84 | $91 |
| Loan / Deposit Ratio (%) | ▼ | 80.37% | -0.72 | 81.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.08% | +0.06 | 1.01% |
| Allowance / Loans (%) | — | 1.00% | 0.04% | 0.96% |
| Net Charge-Off Ratio (%) | ▼ | 1.42% | +0.23 | 1.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.83% | +0.21 | 17.62% |
Noninterest income ($2.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▇▇▇███ | Net Interest Margin (%) | 1.22% | 1.24% | 1.53% | 1.55% | 1.55% | 1.58% | 1.57% | 1.62% |
| █▇▆▆▅▄▁█ | Return on Assets (%) | 0.42% | 0.35% | 0.26% | 0.26% | 0.20% | 0.14% | -0.11% | 0.36% |
| ▁▁▃▄▄▅█▃ | Efficiency Ratio (%) | 70.0% | 72.9% | 80.5% | 81.4% | 82.8% | 87.6% | 98.3% | 77.1% |
| ██▅▄▃▃▁▁ | Cost of Funds (%) | 3.90% | 3.81% | 3.51% | 3.46% | 3.35% | 3.35% | 3.11% | 3.05% |
| ▅▅▁▃▆▇█▆ | NPA / Assets (%) | 1.05% | 1.05% | 0.93% | 1.01% | 1.09% | 1.11% | 1.16% | 1.08% |
| ▄▄▁▂▆▅▇█ | Net Charge-Off Ratio (%) | 1.26% | 1.24% | 1.13% | 1.19% | 1.31% | 1.30% | 1.37% | 1.42% |
| ▂▁▂▄▆▇▇█ | Tang. Book Value ($M) | $75 | $72 | $75 | $78 | $81 | $83 | $83 | $85 |
| █▇▅▃▄▂▂▁ | Gross Loans ($M) | $877 | $857 | $835 | $809 | $820 | $792 | $803 | $780 |
| ▁▇█▆▇▆▆▄ | Total Deposits ($M) | $897 | $1,003 | $1,035 | $988 | $1,002 | $984 | $991 | $961 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 1% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 14% |