Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.54% | -0.20 | 0.75% |
| Return on Equity (%) | ▼ | 7.19% | -2.98 | 10.17% |
| Net Interest Margin (%) | ▲ | 4.12% | +0.07 | 4.04% |
| Efficiency Ratio (%) | ▲ | 79.43% | -2.60 | 82.03% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.04 | $1 |
| Cost of Funds (%) | ▼ | 1.86% | +0.14 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $432 | +15.49 | $417 |
| Gross Loans ($M) | ▲ | $376 | +23.73 | $353 |
| Loan Growth YoY (%) | ▲ | 96.17% | +4.01 | 92.16% |
| Total Deposits ($M) | ▲ | $388 | +8.88 | $379 |
| Shareholders Equity ($M) | ▲ | $34 | +3.27 | $31 |
| Tang. Book Value ($M) | ▲ | $33 | +3.25 | $30 |
| Loan / Deposit Ratio (%) | ▲ | 96.17% | +4.01 | 92.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.54% | +0.21 | 0.33% |
| Allowance / Loans (%) | — | 0.89% | -0.06% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 0.63% | +0.23 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.18% | +0.65 | 10.53% |
Noninterest income ($1.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▇▇█▅█ | Net Interest Margin (%) | 3.79% | 3.86% | 3.90% | 4.04% | 4.07% | 4.12% | 3.96% | 4.12% |
| ▇▇▇▇▇█▁▆ | Return on Assets (%) | 0.70% | 0.63% | 0.63% | 0.75% | 0.76% | 0.93% | -0.37% | 0.54% |
| ▂▂▃▂▂▁█▁ | Efficiency Ratio (%) | 82.5% | 82.3% | 84.3% | 82.0% | 81.9% | 78.4% | 97.1% | 79.4% |
| ▁▁▃▅▅▄▄█ | Cost of Funds (%) | 1.53% | 1.56% | 1.65% | 1.72% | 1.71% | 1.68% | 1.66% | 1.86% |
| ▁▁▁▁████ | NPA / Assets (%) | 0.35% | 0.34% | 0.34% | 0.33% | 0.57% | 0.56% | 0.56% | 0.54% |
| ▁▁▁▁███▇ | Net Charge-Off Ratio (%) | 0.42% | 0.41% | 0.41% | 0.39% | 0.68% | 0.68% | 0.69% | 0.63% |
| ▁▁▁▁▂▅▃█ | Tang. Book Value ($M) | $30 | $30 | $30 | $30 | $31 | $32 | $31 | $33 |
| ▁▂▂▄▃▃▅█ | Gross Loans ($M) | $331 | $337 | $340 | $353 | $342 | $345 | $356 | $376 |
| ▂▁▅▅▅▅█▇ | Total Deposits ($M) | $352 | $344 | $376 | $379 | $373 | $378 | $401 | $388 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 8% |