Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.78% | +0.25 | 0.53% |
| Return on Equity (%) | ▲ | 11.76% | +1.85 | 9.91% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.53 | 3.24% |
| Efficiency Ratio (%) | ▲ | 77.53% | -5.01 | 82.54% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.31 | $1 |
| Cost of Funds (%) | ▲ | 1.13% | -0.41 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $302 | -6.93 | $309 |
| Gross Loans ($M) | ▲ | $191 | +18.94 | $173 |
| Loan Growth YoY (%) | ▲ | 70.81% | +9.83 | 60.98% |
| Total Deposits ($M) | ▼ | $268 | -12.37 | $280 |
| Shareholders Equity ($M) | ▲ | $20 | +3.56 | $17 |
| Tang. Book Value ($M) | ▲ | $20 | +3.57 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +3.32 | $21 |
| Loan / Deposit Ratio (%) | ▲ | 70.81% | +9.83 | 60.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.33% | -0.00 | 0.33% |
| Allowance / Loans (%) | — | 0.84% | -0.01% | 0.85% |
| Net Charge-Off Ratio (%) | ▲ | 0.52% | -0.08 | 0.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.47% | +0.22 | 12.26% |
Noninterest income ($0.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅▇█ | Net Interest Margin (%) | 3.00% | 3.04% | 3.19% | 3.24% | 3.35% | 3.44% | 3.64% | 3.76% |
| ▁▁▄▄▅▆██ | Return on Assets (%) | 0.35% | 0.40% | 0.54% | 0.53% | 0.57% | 0.63% | 0.75% | 0.78% |
| █▇▄▄▄▃▁▁ | Efficiency Ratio (%) | 87.7% | 86.2% | 81.8% | 82.5% | 81.8% | 80.2% | 78.0% | 77.5% |
| ██▆▇▆▂▂▁ | Cost of Funds (%) | 1.64% | 1.60% | 1.46% | 1.54% | 1.49% | 1.21% | 1.24% | 1.13% |
| ▆▁█▆▇▆▆▅ | NPA / Assets (%) | 0.34% | 0.29% | 0.35% | 0.33% | 0.34% | 0.33% | 0.33% | 0.33% |
| ▇▁██▇▄▃▂ | Net Charge-Off Ratio (%) | 0.59% | 0.49% | 0.60% | 0.60% | 0.58% | 0.54% | 0.53% | 0.52% |
| ▄▁▂▂▆███ | Tang. Book Value ($M) | $17 | $15 | $16 | $16 | $19 | $20 | $20 | $20 |
| ▁▁▂▁▂▆▆█ | Gross Loans ($M) | $171 | $173 | $174 | $173 | $176 | $184 | $185 | $191 |
| ▄▄▄█▃▁▃▄ | Total Deposits ($M) | $268 | $269 | $269 | $280 | $266 | $260 | $265 | $268 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 7% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 7% |