Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.07% | +0.29 | 0.78% |
| Return on Equity (%) | ▲ | 11.22% | +2.29 | 8.93% |
| Net Interest Margin (%) | ▲ | 3.62% | +0.35 | 3.27% |
| Efficiency Ratio (%) | ▲ | 66.30% | -1.15 | 67.45% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.51 | $2 |
| Cost of Funds (%) | ▲ | 1.32% | -0.24 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $530 | -21.40 | $552 |
| Gross Loans ($M) | ▼ | $322 | -10.32 | $332 |
| Loan Growth YoY (%) | ▼ | 72.72% | -2.78 | 75.50% |
| Total Deposits ($M) | ▲ | $438 | +2.46 | $435 |
| Shareholders Equity ($M) | ▲ | $52 | +3.36 | $49 |
| Tang. Book Value ($M) | ▲ | $51 | +3.36 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $59 | +3.36 | $56 |
| Loan / Deposit Ratio (%) | ▼ | 72.72% | -2.78 | 75.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.08% | -0.12 | 0.20% |
| Allowance / Loans (%) | — | 1.04% | 0.03% | 1.02% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.20 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.89% | +1.11 | 14.78% |
Noninterest income ($1.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 2.95% | 3.03% | 3.13% | 3.27% | 3.30% | 3.35% | 3.55% | 3.62% |
| ▁▇▁▂▂▃▇█ | Return on Assets (%) | 0.72% | 1.00% | 0.70% | 0.78% | 0.78% | 0.80% | 0.99% | 1.07% |
| █▁▄▅▇▆▇▄ | Efficiency Ratio (%) | 70.3% | 63.6% | 66.6% | 67.4% | 68.6% | 68.4% | 68.6% | 66.3% |
| ██▇▆▆▅▁▁ | Cost of Funds (%) | 1.64% | 1.65% | 1.57% | 1.55% | 1.54% | 1.51% | 1.33% | 1.32% |
| ▅▂█▄▂▁▁▁ | NPA / Assets (%) | 0.23% | 0.12% | 0.37% | 0.20% | 0.12% | 0.10% | 0.10% | 0.08% |
| ▅▂█▄▂▁▁▁ | Net Charge-Off Ratio (%) | 0.39% | 0.20% | 0.63% | 0.33% | 0.20% | 0.18% | 0.16% | 0.13% |
| ▁▃▄▄▅▇▇█ | Tang. Book Value ($M) | $45 | $47 | $48 | $48 | $49 | $50 | $50 | $51 |
| █▆▃▄▃▁▁▁ | Gross Loans ($M) | $345 | $337 | $328 | $332 | $328 | $323 | $324 | $322 |
| ▂▁▅▄██▁▅ | Total Deposits ($M) | $430 | $428 | $438 | $435 | $447 | $446 | $426 | $438 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 13% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 3% |