Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.22% | -0.30 | 1.52% |
| Return on Equity (%) | ▼ | 7.14% | -2.74 | 9.88% |
| Net Interest Margin (%) | ▲ | 4.29% | +0.09 | 4.20% |
| Efficiency Ratio (%) | ▼ | 66.17% | +6.60 | 59.57% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.08 | $1 |
| Cost of Funds (%) | ▲ | 0.75% | -0.15 | 0.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $199 | -11.91 | $211 |
| Gross Loans ($M) | ▼ | $97 | -1.91 | $99 |
| Loan Growth YoY (%) | ▲ | 58.46% | +3.25 | 55.21% |
| Total Deposits ($M) | ▼ | $162 | -13.18 | $175 |
| Shareholders Equity ($M) | ▲ | $36 | +1.58 | $35 |
| Tang. Book Value ($M) | ▲ | $35 | +1.88 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +2.22 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 58.46% | +3.25 | 55.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.01 | 0.18% |
| Allowance / Loans (%) | — | 2.29% | 0.16% | 2.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▁▃▁▁▂▅ | Net Interest Margin (%) | 4.42% | 4.38% | 4.09% | 4.20% | 4.13% | 4.10% | 4.16% | 4.29% |
| ▄▂█▆▄▂▁▃ | Return on Assets (%) | 1.38% | 1.11% | 1.77% | 1.52% | 1.32% | 1.19% | 1.01% | 1.22% |
| ▃▆▁▃▅▆█▇ | Efficiency Ratio (%) | 59.9% | 65.5% | 55.4% | 59.6% | 63.1% | 65.6% | 69.5% | 66.2% |
| ▁▆▄▅▅█▃▂ | Cost of Funds (%) | 0.70% | 0.97% | 0.88% | 0.90% | 0.93% | 1.07% | 0.80% | 0.75% |
| ▆▇█▁▁▃▅▂ | NPA / Assets (%) | 0.22% | 0.23% | 0.25% | 0.18% | 0.17% | 0.20% | 0.21% | 0.19% |
| ▅██▁▁▄▁▁ | Net Charge-Off Ratio (%) | 0.10% | 0.18% | 0.16% | 0.00% | 0.00% | 0.08% | 0.00% | 0.00% |
| ▄▁▄▅▇▇▇█ | Tang. Book Value ($M) | $32 | $30 | $32 | $33 | $34 | $34 | $34 | $35 |
| █▄▁██▇█▅ | Gross Loans ($M) | $99 | $96 | $94 | $99 | $99 | $98 | $99 | $97 |
| ▄█▄▃▅▆▂▁ | Total Deposits ($M) | $177 | $200 | $176 | $175 | $185 | $189 | $171 | $162 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 13% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 7% |