Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.78% | -0.11 | 0.89% |
| Return on Equity (%) | ▼ | 9.59% | -1.28 | 10.87% |
| Net Interest Margin (%) | ▼ | 3.12% | -0.08 | 3.20% |
| Efficiency Ratio (%) | ▼ | 73.95% | +2.57 | 71.38% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.73 | $2 |
| Cost of Funds (%) | ▼ | 2.78% | +0.05 | 2.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $525 | +43.09 | $482 |
| Gross Loans ($M) | ▲ | $359 | +19.38 | $340 |
| Loan Growth YoY (%) | ▼ | 86.19% | -2.83 | 89.02% |
| Total Deposits ($M) | ▲ | $416 | +34.94 | $381 |
| Shareholders Equity ($M) | ▲ | $42 | +2.89 | $39 |
| Tang. Book Value ($M) | ▲ | $42 | +2.89 | $39 |
| Loan / Deposit Ratio (%) | ▼ | 86.19% | -2.83 | 89.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 6.76% | +1.36 | 5.40% |
| Allowance / Loans (%) | — | 0.32% | -0.00% | 0.32% |
| Net Charge-Off Ratio (%) | ▼ | 6.18% | +3.71 | 2.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 11.34% | 0.00 | 11.34% |
Noninterest income ($1.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▅▃▂█▇▃▁ | Net Interest Margin (%) | 3.23% | 3.38% | 3.25% | 3.20% | 3.64% | 3.57% | 3.25% | 3.12% |
| ▃█▁▆█▇▆▅ | Return on Assets (%) | 0.69% | 0.98% | 0.51% | 0.89% | 1.03% | 0.94% | 0.88% | 0.78% |
| █▃█▃▁▂▄▅ | Efficiency Ratio (%) | 78.2% | 71.6% | 79.3% | 71.4% | 68.3% | 70.9% | 72.8% | 73.9% |
| █▆█▆▄▅▁█ | Cost of Funds (%) | 2.80% | 2.73% | 2.80% | 2.73% | 2.68% | 2.72% | 2.60% | 2.78% |
| ▁▄▄▃▇█▇▆ | NPA / Assets (%) | 4.37% | 6.09% | 5.91% | 5.40% | 7.09% | 7.92% | 7.06% | 6.76% |
| ▅▁▁▁▅▇██ | Net Charge-Off Ratio (%) | 4.63% | 2.92% | 2.68% | 2.47% | 4.48% | 5.41% | 6.33% | 6.18% |
| ▁▄▂▄▅▆▇█ | Tang. Book Value ($M) | $37 | $39 | $38 | $39 | $40 | $41 | $41 | $42 |
| ▁▁▁▄▄▃██ | Gross Loans ($M) | $332 | $328 | $329 | $340 | $340 | $338 | $360 | $359 |
| ▁▂▃▅▇▆▇█ | Total Deposits ($M) | $342 | $360 | $368 | $381 | $400 | $390 | $398 | $416 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 44% |