Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.67% | -0.62 | 2.30% |
| Return on Equity (%) | ▼ | 15.85% | -5.21 | 21.06% |
| Net Interest Margin (%) | ▼ | 4.52% | -0.07 | 4.60% |
| Efficiency Ratio (%) | ▼ | 69.74% | +5.15 | 64.59% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.26 | $1 |
| Cost of Funds (%) | ▲ | 2.60% | -0.08 | 2.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $153 | +13.49 | $140 |
| Gross Loans ($M) | ▲ | $117 | +10.72 | $106 |
| Loan Growth YoY (%) | ▼ | 89.03% | -7.83 | 96.86% |
| Total Deposits ($M) | ▲ | $129 | +21.30 | $108 |
| Shareholders Equity ($M) | ▲ | $16 | +0.75 | $15 |
| Tang. Book Value ($M) | ▲ | $16 | +0.75 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $17 | +0.88 | $16 |
| Loan / Deposit Ratio (%) | ▼ | 89.03% | -7.83 | 96.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.73% | +0.12 | 2.61% |
| Allowance / Loans (%) | — | 1.24% | 0.08% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 3.37% | +1.10 | 2.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▁▄▆█▄▃ | Net Interest Margin (%) | 4.60% | 4.62% | 4.44% | 4.60% | 4.67% | 4.76% | 4.57% | 4.52% |
| ▅▄███▇▃▁ | Return on Assets (%) | 2.03% | 1.96% | 2.25% | 2.30% | 2.32% | 2.21% | 1.87% | 1.67% |
| ██▄▃▁▁▅█ | Efficiency Ratio (%) | 69.9% | 70.4% | 65.1% | 64.6% | 61.9% | 61.3% | 66.7% | 69.7% |
| ▄█▇▂▁▅▁▁ | Cost of Funds (%) | 2.84% | 3.10% | 3.03% | 2.68% | 2.61% | 2.90% | 2.58% | 2.60% |
| ▅▅█▄▃▆▁▆ | NPA / Assets (%) | 2.61% | 2.70% | 3.07% | 2.61% | 2.47% | 2.77% | 2.15% | 2.73% |
| ▂▁▅▁▂▄▄█ | Net Charge-Off Ratio (%) | 2.36% | 2.13% | 2.81% | 2.26% | 2.43% | 2.66% | 2.67% | 3.37% |
| ▁▁▃▆▇▆██ | Tang. Book Value ($M) | $14 | $14 | $14 | $15 | $15 | $15 | $16 | $16 |
| ▁▂▃▅▇▆██ | Gross Loans ($M) | $92 | $98 | $101 | $106 | $112 | $110 | $114 | $117 |
| ▁▃▃▃█▇▇█ | Total Deposits ($M) | $96 | $105 | $108 | $108 | $132 | $125 | $127 | $129 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 11% |