Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.25% | -0.24 | 1.48% |
| Return on Equity (%) | ▼ | 6.61% | -1.55 | 8.16% |
| Net Interest Margin (%) | ▲ | 4.47% | +0.10 | 4.37% |
| Efficiency Ratio (%) | ▼ | 67.43% | +5.98 | 61.45% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.27 | $2 |
| Cost of Funds (%) | ▲ | 0.51% | -0.30 | 0.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $362 | +26.82 | $335 |
| Gross Loans ($M) | ▲ | $270 | +4.43 | $266 |
| Loan Growth YoY (%) | ▼ | 91.35% | -11.99 | 103.34% |
| Total Deposits ($M) | ▲ | $293 | +38.22 | $255 |
| Shareholders Equity ($M) | ▲ | $67 | +4.00 | $63 |
| Tang. Book Value ($M) | ▲ | $67 | +4.00 | $63 |
| Loan / Deposit Ratio (%) | ▼ | 91.35% | -11.99 | 103.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.23% | +0.19 | 0.04% |
| Allowance / Loans (%) | — | 1.05% | 0.01% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 0.31% | +0.26 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃▁▅▅█▆ | Net Interest Margin (%) | 4.35% | 4.40% | 4.41% | 4.37% | 4.45% | 4.44% | 4.52% | 4.47% |
| █▇▄▃▃▁▂▁ | Return on Assets (%) | 2.00% | 1.90% | 1.53% | 1.48% | 1.49% | 1.27% | 1.38% | 1.25% |
| ▁▁▅▅▆█▇█ | Efficiency Ratio (%) | 53.5% | 55.1% | 60.9% | 61.4% | 62.6% | 67.5% | 64.9% | 67.4% |
| ▆▂▆█▂▁▁▂ | Cost of Funds (%) | 0.70% | 0.53% | 0.70% | 0.82% | 0.53% | 0.48% | 0.46% | 0.51% |
| ▂▁▁▁▁█▁▄ | NPA / Assets (%) | 0.13% | 0.02% | 0.03% | 0.04% | 0.01% | 0.53% | 0.04% | 0.23% |
| ▂▁▁▁▁█▁▄ | Net Charge-Off Ratio (%) | 0.16% | 0.03% | 0.03% | 0.04% | 0.01% | 0.70% | 0.05% | 0.31% |
| ▁▂▃▄▆▆▇█ | Tang. Book Value ($M) | $59 | $61 | $62 | $63 | $65 | $65 | $66 | $67 |
| ▄▇▇▂▁█▁▇ | Gross Loans ($M) | $267 | $270 | $270 | $266 | $265 | $272 | $266 | $270 |
| ▃▆▁▂▂▇▅█ | Total Deposits ($M) | $260 | $277 | $246 | $255 | $257 | $286 | $272 | $293 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 75% |
| Interest-Bearing (core) | 21% |
| Brokered / Other | 3% |