Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.41% | +0.04 | 1.37% |
| Return on Equity (%) | ▼ | 15.79% | -1.05 | 16.84% |
| Net Interest Margin (%) | ▲ | 4.03% | +0.58 | 3.45% |
| Efficiency Ratio (%) | ▼ | 72.61% | +4.77 | 67.84% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.64 | $3 |
| Cost of Funds (%) | ▲ | 1.63% | -0.22 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $677 | -9.69 | $687 |
| Gross Loans ($M) | ▼ | $499 | -1.70 | $501 |
| Loan Growth YoY (%) | ▲ | 83.69% | +0.30 | 83.39% |
| Total Deposits ($M) | ▼ | $588 | -4.50 | $593 |
| Shareholders Equity ($M) | ▲ | $62 | +3.29 | $58 |
| Tang. Book Value ($M) | ▲ | $60 | +3.34 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $67 | +2.81 | $64 |
| Loan / Deposit Ratio (%) | ▲ | 83.69% | +0.30 | 83.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.95% | +0.18 | 0.76% |
| Allowance / Loans (%) | — | 1.44% | 0.06% | 1.37% |
| Net Charge-Off Ratio (%) | ▼ | 1.15% | +0.47 | 0.68% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅██ | Net Interest Margin (%) | 3.30% | 3.31% | 3.32% | 3.45% | 3.61% | 3.68% | 3.98% | 4.03% |
| ▅▁▂▅▇▂█▅ | Return on Assets (%) | 1.37% | 1.10% | 1.21% | 1.37% | 1.49% | 1.22% | 1.60% | 1.41% |
| ▄▄▄▃▂▁▃█ | Efficiency Ratio (%) | 68.4% | 68.6% | 68.9% | 67.8% | 66.6% | 65.2% | 67.7% | 72.6% |
| █▇▆▄▃▃▂▁ | Cost of Funds (%) | 2.08% | 2.01% | 1.91% | 1.85% | 1.79% | 1.75% | 1.71% | 1.63% |
| ▇▆▆▆▁▁▇█ | NPA / Assets (%) | 0.81% | 0.79% | 0.76% | 0.76% | 0.39% | 0.36% | 0.87% | 0.95% |
| ███▄▁▁▇█ | Net Charge-Off Ratio (%) | 1.17% | 1.12% | 1.07% | 0.68% | 0.43% | 0.39% | 1.07% | 1.15% |
| ▃▁▃▅████ | Tang. Book Value ($M) | $53 | $51 | $54 | $56 | $59 | $59 | $59 | $60 |
| ▁▁▃▅▆█▇▅ | Gross Loans ($M) | $476 | $478 | $489 | $501 | $505 | $518 | $511 | $499 |
| ▁▂▄▇█▇█▆ | Total Deposits ($M) | $570 | $576 | $582 | $593 | $595 | $590 | $596 | $588 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 11% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 5% |