Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.88% | +0.20 | 1.68% |
| Return on Equity (%) | ▲ | 17.39% | +1.56 | 15.83% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.26 | 3.74% |
| Efficiency Ratio (%) | ▲ | 63.04% | -0.16 | 63.20% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.13 | $2 |
| Cost of Funds (%) | ▲ | 1.78% | -0.30 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $375 | +17.79 | $357 |
| Gross Loans ($M) | ▲ | $293 | +16.44 | $276 |
| Loan Growth YoY (%) | ▲ | 88.10% | +1.29 | 86.81% |
| Total Deposits ($M) | ▲ | $327 | +13.86 | $313 |
| Shareholders Equity ($M) | ▲ | $41 | +3.35 | $37 |
| Tang. Book Value ($M) | ▲ | $41 | +3.35 | $37 |
| Loan / Deposit Ratio (%) | ▲ | 88.10% | +1.29 | 86.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -1.01 | 1.17% |
| Allowance / Loans (%) | — | 1.70% | -0.03% | 1.73% |
| Net Charge-Off Ratio (%) | ▲ | 0.20% | -1.31 | 1.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.08% | +13.08 | 0.00% |
Noninterest income ($2.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▁▂▃▄██ | Net Interest Margin (%) | 3.83% | 3.86% | 3.69% | 3.74% | 3.80% | 3.85% | 4.03% | 4.00% |
| ▃▃▁▄▅▅▅█ | Return on Assets (%) | 1.62% | 1.63% | 1.49% | 1.68% | 1.72% | 1.71% | 1.70% | 1.88% |
| ▄▂█▁▁▃▂▁ | Efficiency Ratio (%) | 63.9% | 63.4% | 64.8% | 63.2% | 63.0% | 63.6% | 63.4% | 63.0% |
| ▇█▅█▄▆▁▂ | Cost of Funds (%) | 2.01% | 2.06% | 1.94% | 2.08% | 1.88% | 1.98% | 1.72% | 1.78% |
| ███▇▇██▁ | NPA / Assets (%) | 1.30% | 1.33% | 1.19% | 1.17% | 1.14% | 1.29% | 1.29% | 0.15% |
| ██████▁▁ | Net Charge-Off Ratio (%) | 1.59% | 1.52% | 1.49% | 1.51% | 1.48% | 1.62% | 0.13% | 0.20% |
| ▁▂▁▂▄▇▅█ | Tang. Book Value ($M) | $36 | $37 | $37 | $37 | $38 | $40 | $39 | $41 |
| ▁▁▃▁▂▅█▇ | Gross Loans ($M) | $276 | $276 | $281 | $276 | $280 | $288 | $296 | $293 |
| ▃▁▄▅▆▆▇█ | Total Deposits ($M) | $306 | $298 | $309 | $313 | $319 | $316 | $321 | $327 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 12% |
| Consumer | 2% |
| Other | 25% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 8% |