Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.40 | 0.75% |
| Return on Equity (%) | ▲ | 12.07% | +3.33 | 8.74% |
| Net Interest Margin (%) | ▲ | 2.80% | +0.46 | 2.35% |
| Efficiency Ratio (%) | ▲ | 88.92% | -3.50 | 92.42% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.46 | $0 |
| Cost of Funds (%) | ▲ | 2.94% | -0.26 | 3.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $178 | -3.81 | $182 |
| Gross Loans ($M) | ▼ | $147 | -6.92 | $154 |
| Loan Growth YoY (%) | ▼ | 115.67% | -7.66 | 123.33% |
| Total Deposits ($M) | ▲ | $126 | +2.12 | $124 |
| Shareholders Equity ($M) | ▲ | $18 | +2.55 | $15 |
| Tang. Book Value ($M) | ▲ | $17 | +2.62 | $15 |
| Loan / Deposit Ratio (%) | ▼ | 115.67% | -7.66 | 123.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.28 | 0.07% |
| Allowance / Loans (%) | — | 0.69% | 0.11% | 0.58% |
| Net Charge-Off Ratio (%) | ▼ | 0.43% | +0.34 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.64% | +2.60 | 15.03% |
Noninterest income ($6.21M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▃▄▄▇█ | Net Interest Margin (%) | 2.11% | 2.14% | 2.37% | 2.35% | 2.38% | 2.44% | 2.68% | 2.80% |
| ▁▃▄▄▆▅▅█ | Return on Assets (%) | 0.45% | 0.67% | 0.74% | 0.75% | 0.90% | 0.88% | 0.88% | 1.15% |
| █▆▅▅▄▅▃▁ | Efficiency Ratio (%) | 95.3% | 93.2% | 92.5% | 92.4% | 91.7% | 92.2% | 90.9% | 88.9% |
| ▆██▄▆▆▃▁ | Cost of Funds (%) | 3.35% | 3.54% | 3.49% | 3.20% | 3.36% | 3.33% | 3.16% | 2.94% |
| ▃▃▃▁▂▂█▇ | NPA / Assets (%) | 0.19% | 0.17% | 0.17% | 0.07% | 0.12% | 0.12% | 0.41% | 0.35% |
| ▃▃▃▁▂▂█▇ | Net Charge-Off Ratio (%) | 0.22% | 0.20% | 0.20% | 0.08% | 0.14% | 0.14% | 0.49% | 0.43% |
| ▁▂▂▃▄▅▆█ | Tang. Book Value ($M) | $13 | $14 | $14 | $15 | $15 | $15 | $16 | $17 |
| ▂▂▁██▁▃▄ | Gross Loans ($M) | $144 | $144 | $142 | $154 | $153 | $142 | $145 | $147 |
| ▁▄▃▇▇▆▇█ | Total Deposits ($M) | $111 | $117 | $116 | $124 | $123 | $121 | $123 | $126 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 25% |