Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.78% | +0.55 | 0.23% |
| Return on Equity (%) | ▲ | 9.47% | +6.21 | 3.26% |
| Net Interest Margin (%) | ▲ | 3.28% | +0.20 | 3.07% |
| Efficiency Ratio (%) | ▲ | 78.51% | -14.09 | 92.60% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.65 | $1 |
| Cost of Funds (%) | ▲ | 1.42% | -0.07 | 1.50% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $481 | -2.80 | $484 |
| Gross Loans ($M) | ▼ | $332 | -0.45 | $332 |
| Loan Growth YoY (%) | ▲ | 84.40% | +9.29 | 75.11% |
| Total Deposits ($M) | ▼ | $388 | -48.16 | $436 |
| Shareholders Equity ($M) | ▲ | $40 | +4.12 | $36 |
| Tang. Book Value ($M) | ▲ | $40 | +4.15 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +4.11 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 84.40% | +9.29 | 75.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.59% | +0.08 | 0.51% |
| Allowance / Loans (%) | — | 1.28% | -0.09% | 1.37% |
| Net Charge-Off Ratio (%) | ▼ | 0.86% | +0.12 | 0.74% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.18% | -0.51 | 14.69% |
Noninterest income ($1.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▇█ | Net Interest Margin (%) | 2.96% | 2.99% | 2.99% | 3.07% | 3.09% | 3.11% | 3.22% | 3.28% |
| ▅▄▁▂▄▅██ | Return on Assets (%) | 0.50% | 0.38% | 0.06% | 0.23% | 0.40% | 0.43% | 0.70% | 0.78% |
| ▁▂█▆▅▅▂▁ | Efficiency Ratio (%) | 77.9% | 82.8% | 98.1% | 92.6% | 90.5% | 88.7% | 82.0% | 78.5% |
| █▅▁▄▁▄▁▃ | Cost of Funds (%) | 1.68% | 1.51% | 1.34% | 1.50% | 1.35% | 1.50% | 1.37% | 1.42% |
| ▂▂▄▇▅▁▅█ | NPA / Assets (%) | 0.14% | 0.15% | 0.25% | 0.51% | 0.37% | 0.03% | 0.38% | 0.59% |
| ▂▂▄▇▆▁▅█ | Net Charge-Off Ratio (%) | 0.19% | 0.22% | 0.37% | 0.74% | 0.58% | 0.04% | 0.54% | 0.86% |
| ▁▁▁▃▁▅▇█ | Tang. Book Value ($M) | $35 | $34 | $35 | $36 | $35 | $37 | $39 | $40 |
| █▄▃▂▂▁▁▂ | Gross Loans ($M) | $363 | $340 | $335 | $332 | $330 | $322 | $325 | $332 |
| ▇█▅▅▃▃▂▁ | Total Deposits ($M) | $458 | $471 | $435 | $436 | $409 | $418 | $400 | $388 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 18% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 5% |