Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.67% | +0.02 | 0.64% |
| Return on Equity (%) | ▼ | 6.51% | -0.81 | 7.32% |
| Net Interest Margin (%) | ▲ | 3.29% | +0.45 | 2.84% |
| Efficiency Ratio (%) | ▲ | 84.73% | -0.67 | 85.39% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.13 | $1 |
| Cost of Funds (%) | ▲ | 0.93% | -0.24 | 1.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $358 | -15.13 | $373 |
| Gross Loans ($M) | ▲ | $140 | +1.93 | $138 |
| Loan Growth YoY (%) | ▲ | 43.27% | +3.03 | 40.25% |
| Total Deposits ($M) | ▼ | $318 | -19.26 | $337 |
| Shareholders Equity ($M) | ▲ | $37 | +4.38 | $33 |
| Tang. Book Value ($M) | ▲ | $37 | +4.38 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +3.41 | $43 |
| Loan / Deposit Ratio (%) | ▲ | 43.27% | +3.03 | 40.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.04 | 0.12% |
| Allowance / Loans (%) | — | 1.53% | 0.02% | 1.51% |
| Net Charge-Off Ratio (%) | ▼ | 0.41% | +0.09 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -15.55 | 15.55% |
Noninterest income ($2.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▄▇█ | Net Interest Margin (%) | 2.54% | 2.60% | 2.73% | 2.84% | 2.83% | 2.89% | 3.14% | 3.29% |
| █▄▂▃▁▁█▃ | Return on Assets (%) | 0.89% | 0.72% | 0.62% | 0.64% | 0.58% | 0.55% | 0.86% | 0.67% |
| ▁▄█▇██▁▆ | Efficiency Ratio (%) | 80.1% | 83.1% | 86.1% | 85.4% | 86.5% | 86.9% | 80.5% | 84.7% |
| ██▄▆▆▅▁▁ | Cost of Funds (%) | 1.32% | 1.29% | 1.08% | 1.17% | 1.19% | 1.16% | 0.90% | 0.93% |
| ▂▂▄▄▁██▆ | NPA / Assets (%) | 0.07% | 0.07% | 0.12% | 0.12% | 0.04% | 0.20% | 0.22% | 0.16% |
| ▂▂▄▄▁██▆ | Net Charge-Off Ratio (%) | 0.22% | 0.21% | 0.34% | 0.32% | 0.12% | 0.55% | 0.57% | 0.41% |
| ▅▁▂▃▆█▇█ | Tang. Book Value ($M) | $35 | $31 | $32 | $33 | $35 | $37 | $36 | $37 |
| ▁▁▅█▇▇██ | Gross Loans ($M) | $118 | $120 | $130 | $138 | $135 | $134 | $137 | $140 |
| ▂▁▇██▃▁▁ | Total Deposits ($M) | $319 | $317 | $334 | $337 | $335 | $322 | $316 | $318 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 44% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 7% |