Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.82% | -0.13 | 0.95% |
| Return on Equity (%) | ▼ | 7.68% | -2.07 | 9.75% |
| Net Interest Margin (%) | ▼ | 4.36% | -0.37 | 4.73% |
| Efficiency Ratio (%) | ▲ | 71.95% | -1.76 | 73.71% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.05 | $2 |
| Cost of Funds (%) | ▲ | 2.09% | -0.08 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $782 | +41.49 | $741 |
| Gross Loans ($M) | ▲ | $631 | +34.16 | $596 |
| Loan Growth YoY (%) | ▲ | 101.13% | +3.05 | 98.08% |
| Total Deposits ($M) | ▲ | $615 | +15.74 | $600 |
| Shareholders Equity ($M) | ▲ | $84 | +13.34 | $71 |
| Tang. Book Value ($M) | ▲ | $78 | +10.89 | $67 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +10.68 | $69 |
| Loan / Deposit Ratio (%) | ▲ | 101.13% | +3.05 | 98.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.60% | -0.11 | 1.71% |
| Allowance / Loans (%) | — | 1.30% | -0.09% | 1.39% |
| Net Charge-Off Ratio (%) | ▲ | 1.94% | -0.19 | 2.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.25% | +0.97 | 11.28% |
Noninterest income ($2.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄█▆▇▆▁▃ | Net Interest Margin (%) | 4.49% | 4.54% | 4.94% | 4.73% | 4.76% | 4.68% | 4.15% | 4.36% |
| ▇▆▆▅▆█▁▄ | Return on Assets (%) | 1.16% | 1.07% | 1.06% | 0.95% | 1.03% | 1.25% | 0.55% | 0.82% |
| ▁▁▄▇▆▂█▅ | Efficiency Ratio (%) | 68.2% | 67.4% | 70.3% | 73.7% | 72.2% | 68.5% | 74.7% | 71.9% |
| ██▃▅▆▂▁▃ | Cost of Funds (%) | 2.28% | 2.30% | 2.09% | 2.17% | 2.20% | 2.05% | 1.98% | 2.09% |
| ▁▃▇▇▅▅█▆ | NPA / Assets (%) | 0.21% | 0.78% | 1.78% | 1.71% | 1.25% | 1.21% | 2.13% | 1.60% |
| ▁▃▇▇▅▅█▆ | Net Charge-Off Ratio (%) | 0.26% | 0.96% | 2.23% | 2.13% | 1.54% | 1.51% | 2.58% | 1.94% |
| ▁▁▂▃▄▇▇█ | Tang. Book Value ($M) | $62 | $63 | $65 | $67 | $69 | $75 | $76 | $78 |
| ▁▁▃▆▄▇██ | Gross Loans ($M) | $537 | $548 | $562 | $596 | $579 | $610 | $627 | $631 |
| ▁▁▅▅▂██▇ | Total Deposits ($M) | $548 | $552 | $592 | $600 | $564 | $636 | $632 | $615 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 62% |
| C&I / Commercial | 38% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 12% |