Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.25 | 0.59% |
| Return on Equity (%) | ▲ | 9.48% | +1.61 | 7.87% |
| Net Interest Margin (%) | ▲ | 3.91% | +0.55 | 3.36% |
| Efficiency Ratio (%) | ▲ | 66.99% | -10.00 | 76.99% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.63 | $1 |
| Cost of Funds (%) | ▼ | 0.99% | +0.05 | 0.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $386 | -10.92 | $397 |
| Gross Loans ($M) | ▲ | $222 | +16.16 | $206 |
| Loan Growth YoY (%) | ▲ | 64.18% | +5.31 | 58.87% |
| Total Deposits ($M) | ▼ | $338 | -4.89 | $343 |
| Shareholders Equity ($M) | ▲ | $37 | +4.84 | $32 |
| Tang. Book Value ($M) | ▲ | $35 | +4.93 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +3.36 | $38 |
| Loan / Deposit Ratio (%) | ▲ | 64.18% | +5.31 | 58.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.85% | -0.32 | 2.17% |
| Allowance / Loans (%) | — | 2.28% | 0.37% | 1.90% |
| Net Charge-Off Ratio (%) | ▲ | 3.22% | -0.82 | 4.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.32% | +0.83 | 14.49% |
Noninterest income ($1.10M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅▇█ | Net Interest Margin (%) | 3.01% | 3.05% | 3.27% | 3.36% | 3.42% | 3.51% | 3.71% | 3.91% |
| ▁▁▁▂▅▆██ | Return on Assets (%) | 0.55% | 0.53% | 0.55% | 0.59% | 0.69% | 0.73% | 0.83% | 0.85% |
| ███▇▆▅▁▁ | Efficiency Ratio (%) | 78.6% | 78.3% | 77.9% | 77.0% | 74.6% | 74.0% | 68.1% | 67.0% |
| ▅█▄▃▅▁▁▅ | Cost of Funds (%) | 0.99% | 1.06% | 0.96% | 0.94% | 0.98% | 0.90% | 0.88% | 0.99% |
| ▁▂▂█▃▄▃▄ | NPA / Assets (%) | 1.60% | 1.69% | 1.71% | 2.17% | 1.78% | 1.84% | 1.79% | 1.85% |
| ▂▃▃█▂▄▂▁ | Net Charge-Off Ratio (%) | 3.42% | 3.52% | 3.48% | 4.04% | 3.41% | 3.54% | 3.41% | 3.22% |
| ▁▁▂▄▆▇▇█ | Tang. Book Value ($M) | $27 | $26 | $28 | $30 | $32 | $33 | $34 | $35 |
| ▁▁▂▄▅▅▅█ | Gross Loans ($M) | $195 | $197 | $199 | $206 | $209 | $210 | $210 | $222 |
| █▇▅▂▇▅▆▁ | Total Deposits ($M) | $366 | $360 | $353 | $343 | $362 | $355 | $356 | $338 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 14% |
| Consumer | 6% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 7% |