Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.13% | +0.04 | 1.10% |
| Return on Equity (%) | ▼ | 7.26% | -1.80 | 9.06% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.13 | 3.69% |
| Efficiency Ratio (%) | ▼ | 63.82% | +2.01 | 61.81% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.05 | $1 |
| Cost of Funds (%) | ▲ | 1.04% | -0.62 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $136 | -18.06 | $155 |
| Gross Loans ($M) | ▼ | $74 | -14.73 | $88 |
| Loan Growth YoY (%) | ▼ | 63.57% | -4.35 | 67.91% |
| Total Deposits ($M) | ▼ | $114 | -14.51 | $129 |
| Shareholders Equity ($M) | ▲ | $22 | +2.07 | $20 |
| Tang. Book Value ($M) | ▲ | $22 | +2.07 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +1.97 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 63.57% | -4.35 | 67.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.96% | -0.46 | 3.42% |
| Allowance / Loans (%) | — | 1.34% | 0.32% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 4.75% | -0.57 | 5.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▁▅▄▅▇█ | Net Interest Margin (%) | 3.64% | 3.62% | 3.50% | 3.69% | 3.62% | 3.67% | 3.74% | 3.81% |
| ▃▄▁▆▂▄█▇ | Return on Assets (%) | 1.05% | 1.06% | 0.99% | 1.10% | 1.02% | 1.06% | 1.16% | 1.13% |
| ▃▃▃▁▃▅█▃ | Efficiency Ratio (%) | 64.3% | 64.4% | 64.2% | 61.8% | 63.9% | 65.6% | 69.2% | 63.8% |
| ▇███▅▄▁▁ | Cost of Funds (%) | 1.57% | 1.65% | 1.71% | 1.66% | 1.41% | 1.33% | 1.06% | 1.04% |
| ▁▁▁█▇██▇ | NPA / Assets (%) | 0.27% | 0.59% | 0.49% | 3.42% | 2.96% | 3.17% | 3.16% | 2.96% |
| ▁▁▁█▇▇██ | Net Charge-Off Ratio (%) | 0.37% | 0.89% | 0.70% | 5.32% | 4.47% | 4.70% | 5.17% | 4.75% |
| ▂▁▂▄▆███ | Tang. Book Value ($M) | $19 | $18 | $19 | $20 | $21 | $21 | $21 | $22 |
| ▇██▆▅▃▁▁ | Gross Loans ($M) | $91 | $95 | $93 | $88 | $86 | $81 | $74 | $74 |
| ▇▅▅█▄▁▂▁ | Total Deposits ($M) | $126 | $123 | $121 | $129 | $121 | $116 | $116 | $114 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 14% |
| Consumer | 3% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 3% |