Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.67% | -0.01 | 0.68% |
| Return on Equity (%) | ▼ | 5.07% | -0.92 | 5.99% |
| Net Interest Margin (%) | ▲ | 3.09% | +0.09 | 3.00% |
| Efficiency Ratio (%) | ▼ | 78.53% | +1.97 | 76.56% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.50 | $2 |
| Cost of Funds (%) | ▼ | 1.05% | +0.00 | 1.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $771 | +9.68 | $761 |
| Gross Loans ($M) | ▲ | $277 | +28.86 | $248 |
| Loan Growth YoY (%) | ▲ | 44.92% | +6.86 | 38.06% |
| Total Deposits ($M) | ▼ | $610 | -34.49 | $645 |
| Shareholders Equity ($M) | ▲ | $101 | +5.16 | $96 |
| Tang. Book Value ($M) | ▲ | $100 | +5.22 | $95 |
| TBV excl. AOCI ($M)** | ▲ | $121 | +4.05 | $117 |
| Loan / Deposit Ratio (%) | ▲ | 44.92% | +6.86 | 38.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.02 | 0.08% |
| Allowance / Loans (%) | — | 1.12% | -0.08% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.07 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▃▂▃▁▁█▄ | Net Interest Margin (%) | 3.06% | 3.03% | 2.94% | 3.00% | 2.88% | 2.85% | 3.36% | 3.09% |
| █▇▁▁▁▁▁▁ | Return on Assets (%) | 3.23% | 2.62% | 0.66% | 0.68% | 0.57% | 0.53% | 0.81% | 0.67% |
| ▁▁▅▅▇█▃▆ | Efficiency Ratio (%) | 70.4% | 71.4% | 75.8% | 76.6% | 79.9% | 81.2% | 74.3% | 78.5% |
| █▃▁▄█▄▂▄ | Cost of Funds (%) | 1.25% | 0.99% | 0.87% | 1.05% | 1.23% | 1.06% | 0.94% | 1.05% |
| ▁▁▁▄█▃▂▂ | NPA / Assets (%) | 0.05% | 0.05% | 0.06% | 0.08% | 0.12% | 0.07% | 0.07% | 0.06% |
| ▁▁▂▄█▂▁▁ | Net Charge-Off Ratio (%) | 0.18% | 0.18% | 0.22% | 0.25% | 0.35% | 0.20% | 0.19% | 0.18% |
| ▄▁▄▅▇███ | Tang. Book Value ($M) | $94 | $89 | $93 | $95 | $99 | $99 | $100 | $100 |
| ▂▁▁▃▄▆▇█ | Gross Loans ($M) | $239 | $234 | $232 | $248 | $253 | $264 | $269 | $277 |
| ▄▇█▃▂▁▄▁ | Total Deposits ($M) | $667 | $721 | $752 | $645 | $638 | $605 | $666 | $610 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 6% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 2% |