Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.13% | -0.05 | 1.18% |
| Return on Equity (%) | ▼ | 11.61% | -1.02 | 12.63% |
| Net Interest Margin (%) | ▲ | 4.41% | +0.23 | 4.18% |
| Efficiency Ratio (%) | ▼ | 71.66% | +1.80 | 69.87% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.12 | $2 |
| Cost of Funds (%) | ▲ | 1.54% | -0.39 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $502 | -30.52 | $533 |
| Gross Loans ($M) | ▼ | $434 | -11.19 | $445 |
| Loan Growth YoY (%) | ▲ | 106.45% | +7.44 | 99.01% |
| Total Deposits ($M) | ▼ | $404 | -41.30 | $445 |
| Shareholders Equity ($M) | ▼ | $49 | -0.97 | $50 |
| Tang. Book Value ($M) | ▼ | $49 | -0.97 | $50 |
| TBV excl. AOCI ($M)** | ▼ | $51 | -0.93 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 106.45% | +7.44 | 99.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.05 | 0.12% |
| Allowance / Loans (%) | — | 0.87% | -0.06% | 0.92% |
| Net Charge-Off Ratio (%) | ▲ | 0.08% | -0.06 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▆▆▇██ | Net Interest Margin (%) | 3.69% | 3.78% | 4.18% | 4.18% | 4.22% | 4.28% | 4.33% | 4.41% |
| ▁▂▅███▅▇ | Return on Assets (%) | 0.81% | 0.87% | 1.07% | 1.18% | 1.21% | 1.23% | 1.06% | 1.13% |
| █▇▃▂▁▁▄▄ | Efficiency Ratio (%) | 76.3% | 75.3% | 70.9% | 69.9% | 69.5% | 68.6% | 72.2% | 71.7% |
| ██▆▄▄▃▂▁ | Cost of Funds (%) | 2.33% | 2.24% | 2.06% | 1.94% | 1.92% | 1.82% | 1.66% | 1.54% |
| ▇█▅▂▂▁▁▁ | NPA / Assets (%) | 0.29% | 0.35% | 0.23% | 0.12% | 0.13% | 0.07% | 0.09% | 0.07% |
| █▇▃▂▃▁▁▁ | Net Charge-Off Ratio (%) | 0.34% | 0.29% | 0.16% | 0.14% | 0.16% | 0.08% | 0.11% | 0.08% |
| ▅▃▅▆█▃▁▁ | Tang. Book Value ($M) | $50 | $49 | $50 | $50 | $51 | $49 | $49 | $49 |
| ██▇▄▂▁▁▂ | Gross Loans ($M) | $468 | $463 | $461 | $445 | $429 | $423 | $427 | $434 |
| █▇▆▆▄▄▃▁ | Total Deposits ($M) | $460 | $448 | $442 | $445 | $428 | $428 | $419 | $404 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 42% |
| C&I / Commercial | 8% |
| Consumer | 50% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 11% |