Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.66% | +0.23 | 1.42% |
| Return on Equity (%) | ▲ | 12.56% | +1.73 | 10.83% |
| Net Interest Margin (%) | ▲ | 4.08% | +0.15 | 3.93% |
| Efficiency Ratio (%) | ▲ | 82.09% | -2.25 | 84.34% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.30 | $2 |
| Cost of Funds (%) | ▲ | 1.09% | -0.05 | 1.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $446 | -2.23 | $448 |
| Gross Loans ($M) | ▼ | $302 | -11.98 | $314 |
| Loan Growth YoY (%) | ▼ | 79.18% | -3.17 | 82.35% |
| Total Deposits ($M) | ▲ | $374 | +0.63 | $373 |
| Shareholders Equity ($M) | ▲ | $59 | +0.71 | $58 |
| Tang. Book Value ($M) | ▲ | $59 | +0.71 | $58 |
| TBV excl. AOCI ($M)** | ▲ | $62 | +1.09 | $61 |
| Loan / Deposit Ratio (%) | ▼ | 79.18% | -3.17 | 82.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.58% | +0.11 | 2.46% |
| Allowance / Loans (%) | — | 1.90% | -0.13% | 2.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.45% | -0.17 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($8.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▁▂▅█▄█ | Net Interest Margin (%) | 3.98% | 3.97% | 3.88% | 3.93% | 4.02% | 4.10% | 3.99% | 4.08% |
| ▅▆▁▃▅█▄▇ | Return on Assets (%) | 1.56% | 1.58% | 1.24% | 1.42% | 1.56% | 1.76% | 1.46% | 1.66% |
| ▃▃█▅▃▁▄▂ | Efficiency Ratio (%) | 83.1% | 83.0% | 86.0% | 84.3% | 83.2% | 81.5% | 83.5% | 82.1% |
| ██▆▅█▄▁▃ | Cost of Funds (%) | 1.20% | 1.21% | 1.16% | 1.15% | 1.22% | 1.12% | 1.05% | 1.09% |
| ▅▆▁▂▂▄█▇ | NPA / Assets (%) | 2.52% | 2.55% | 2.42% | 2.46% | 2.45% | 2.50% | 2.61% | 2.58% |
| ██▇▃▂▂▆▁ | Net Charge-Off Ratio (%) | 1.07% | 1.03% | 0.99% | 0.62% | 0.57% | 0.60% | 0.85% | 0.45% |
| ▁▅▅▆█▆▅▇ | Tang. Book Value ($M) | $55 | $58 | $58 | $58 | $60 | $58 | $58 | $59 |
| █▇▇▅▃▁▁▁ | Gross Loans ($M) | $322 | $319 | $319 | $314 | $306 | $303 | $301 | $302 |
| ▇▁██▇▅██ | Total Deposits ($M) | $367 | $344 | $372 | $373 | $369 | $362 | $374 | $374 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 3% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 6% |