Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.99% | +0.40 | 0.59% |
| Return on Equity (%) | ▲ | 11.58% | +4.03 | 7.55% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.38 | 3.25% |
| Efficiency Ratio (%) | ▲ | 70.90% | -8.68 | 79.58% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.72 | $1 |
| Cost of Funds (%) | ▲ | 1.38% | -0.09 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $591 | +28.02 | $563 |
| Gross Loans ($M) | ▲ | $441 | +24.09 | $417 |
| Loan Growth YoY (%) | ▼ | 84.13% | -3.19 | 87.32% |
| Total Deposits ($M) | ▲ | $520 | +46.34 | $473 |
| Shareholders Equity ($M) | ▲ | $52 | +6.90 | $45 |
| Tang. Book Value ($M) | ▲ | $51 | +7.03 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +7.03 | $49 |
| Loan / Deposit Ratio (%) | ▼ | 84.13% | -3.19 | 87.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.39% | -0.04 | 0.43% |
| Allowance / Loans (%) | — | 0.96% | -0.01% | 0.97% |
| Net Charge-Off Ratio (%) | ▲ | 0.52% | -0.06 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -13.85 | 13.85% |
Noninterest income ($1.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄▇█ | Net Interest Margin (%) | 3.06% | 3.07% | 3.18% | 3.25% | 3.32% | 3.33% | 3.53% | 3.63% |
| ▂▁▁▃▄▄▇█ | Return on Assets (%) | 0.50% | 0.48% | 0.42% | 0.59% | 0.65% | 0.69% | 0.90% | 0.99% |
| ███▆▅▄▂▁ | Efficiency Ratio (%) | 83.3% | 83.5% | 84.0% | 79.6% | 77.7% | 76.6% | 73.4% | 70.9% |
| ▄█▅▆█▅▂▁ | Cost of Funds (%) | 1.45% | 1.53% | 1.46% | 1.47% | 1.51% | 1.47% | 1.41% | 1.38% |
| ▄▄█▃▁▁▁▂ | NPA / Assets (%) | 0.44% | 0.45% | 0.56% | 0.43% | 0.38% | 0.37% | 0.36% | 0.39% |
| ▄▅█▄▁▂▁▂ | Net Charge-Off Ratio (%) | 0.60% | 0.61% | 0.76% | 0.58% | 0.44% | 0.51% | 0.47% | 0.52% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $41 | $41 | $42 | $44 | $46 | $48 | $49 | $51 |
| ▁▃▃▄▅▆██ | Gross Loans ($M) | $399 | $412 | $412 | $417 | $422 | $431 | $439 | $441 |
| ▁▄▄▃▃▇██ | Total Deposits ($M) | $454 | $483 | $484 | $473 | $475 | $510 | $512 | $520 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 12% |