Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.54% | -1.27 | 3.81% |
| Return on Equity (%) | ▼ | 15.67% | -8.30 | 23.97% |
| Net Interest Margin (%) | ▼ | 3.83% | -1.03 | 4.86% |
| Efficiency Ratio (%) | ▼ | 42.35% | +11.93 | 30.41% |
| Pre-Provision Profit ($M) | ▼ | $2 | -1.33 | $3 |
| Cost of Funds (%) | ▼ | 0.42% | +0.40 | 0.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $274 | +0.03 | $274 |
| Gross Loans ($M) | ▲ | $56 | +0.84 | $55 |
| Loan Growth YoY (%) | ▲ | 24.20% | +0.27 | 23.93% |
| Total Deposits ($M) | ▲ | $229 | +1.07 | $228 |
| Shareholders Equity ($M) | ▼ | $45 | -1.06 | $46 |
| Tang. Book Value ($M) | ▼ | $45 | -1.06 | $46 |
| Loan / Deposit Ratio (%) | ▲ | 24.20% | +0.27 | 23.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.52% | -0.06% | 0.58% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 78.16% | +2.44 | 75.72% |
Noninterest income ($0.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▅▅▅▅▂▁ | Net Interest Margin (%) | 5.75% | 5.70% | 4.83% | 4.86% | 4.85% | 4.84% | 4.12% | 3.83% |
| ██▇██▁▆▅ | Return on Assets (%) | 4.10% | 4.06% | 3.55% | 3.81% | 3.73% | 0.27% | 2.83% | 2.54% |
| ▁▁▁▁▁█▂▂ | Efficiency Ratio (%) | 36.9% | 36.4% | 35.3% | 30.4% | 31.6% | 95.5% | 40.3% | 42.3% |
| ▁▁▁▁▁▁▁█ | Cost of Funds (%) | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.05% | 0.42% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▁▃▆█▁▃▅ | Tang. Book Value ($M) | $47 | $40 | $43 | $46 | $48 | $41 | $43 | $45 |
| ▁██▅▄▆▅▆ | Gross Loans ($M) | $51 | $58 | $58 | $55 | $54 | $55 | $55 | $56 |
| ▇▂█▆▂▃▁▆ | Total Deposits ($M) | $230 | $218 | $233 | $228 | $218 | $221 | $214 | $229 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 73% |