Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.12% | -0.10 | 1.22% |
| Return on Equity (%) | ▼ | 11.35% | -3.02 | 14.37% |
| Net Interest Margin (%) | ▲ | 4.15% | +0.08 | 4.08% |
| Efficiency Ratio (%) | ▼ | 65.20% | +10.46 | 54.73% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.30 | $2 |
| Cost of Funds (%) | ▲ | 0.76% | -0.07 | 0.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $316 | +12.80 | $303 |
| Gross Loans ($M) | ▲ | $134 | +10.61 | $123 |
| Loan Growth YoY (%) | ▲ | 49.59% | +3.16 | 46.44% |
| Total Deposits ($M) | ▲ | $265 | +4.75 | $260 |
| Shareholders Equity ($M) | ▲ | $31 | +3.91 | $27 |
| Tang. Book Value ($M) | ▲ | $31 | +3.96 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +4.48 | $33 |
| Loan / Deposit Ratio (%) | ▲ | 49.59% | +3.16 | 46.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.86% | -0.36 | 1.22% |
| Allowance / Loans (%) | — | 1.89% | -0.12% | 2.01% |
| Net Charge-Off Ratio (%) | ▲ | 2.03% | -0.97 | 2.99% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.31% | +0.91 | 21.40% |
Noninterest income ($0.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▆▆▇▆█ | Net Interest Margin (%) | 3.94% | 3.98% | 4.04% | 4.08% | 4.08% | 4.12% | 4.09% | 4.15% |
| ██▁▄▄▅▂▂ | Return on Assets (%) | 1.44% | 1.44% | 1.06% | 1.22% | 1.23% | 1.29% | 1.11% | 1.12% |
| ▁▁▁▂▂▂██ | Efficiency Ratio (%) | 53.9% | 53.0% | 53.5% | 54.7% | 55.3% | 55.3% | 64.9% | 65.2% |
| ▂▃▁█▅▅▂▂ | Cost of Funds (%) | 0.75% | 0.76% | 0.74% | 0.83% | 0.79% | 0.79% | 0.75% | 0.76% |
| ▁▆██▆▆▆▅ | NPA / Assets (%) | 0.47% | 1.03% | 1.22% | 1.22% | 1.01% | 0.96% | 1.00% | 0.86% |
| ▁▆██▅▅▅▄ | Net Charge-Off Ratio (%) | 1.14% | 2.53% | 3.18% | 2.99% | 2.39% | 2.36% | 2.39% | 2.03% |
| ▂▁▃▅▇███ | Tang. Book Value ($M) | $23 | $22 | $25 | $27 | $29 | $30 | $30 | $31 |
| ▁▁▃▅▆▆▇█ | Gross Loans ($M) | $112 | $113 | $118 | $123 | $128 | $127 | $131 | $134 |
| ▁▃█▇▆█▆█ | Total Deposits ($M) | $233 | $244 | $269 | $260 | $259 | $266 | $259 | $265 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 18% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 5% |