Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.38% | -0.02 | 0.41% |
| Return on Equity (%) | ▼ | 4.11% | -0.57 | 4.68% |
| Net Interest Margin (%) | ▲ | 3.45% | +0.09 | 3.35% |
| Efficiency Ratio (%) | ▲ | 86.05% | -1.33 | 87.38% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.04 | $1 |
| Cost of Funds (%) | ▲ | 1.42% | -0.10 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $451 | +12.16 | $439 |
| Gross Loans ($M) | ▲ | $255 | +19.73 | $235 |
| Loan Growth YoY (%) | ▲ | 62.77% | +2.83 | 59.94% |
| Total Deposits ($M) | ▲ | $402 | +14.50 | $388 |
| Shareholders Equity ($M) | ▲ | $41 | +1.98 | $39 |
| Tang. Book Value ($M) | ▲ | $40 | +1.98 | $38 |
| TBV excl. AOCI ($M)** | ▲ | $47 | +1.37 | $46 |
| Loan / Deposit Ratio (%) | ▲ | 62.77% | +2.83 | 59.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.83% | +0.65 | 0.18% |
| Allowance / Loans (%) | — | 1.00% | -0.23% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 1.47% | +1.13 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.37% | -0.59 | 12.96% |
Noninterest income ($1.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▇█▇█ | Net Interest Margin (%) | 3.17% | 3.17% | 3.19% | 3.35% | 3.40% | 3.44% | 3.39% | 3.45% |
| ▁▁▃███▁▇ | Return on Assets (%) | 0.24% | 0.25% | 0.28% | 0.41% | 0.41% | 0.40% | 0.23% | 0.38% |
| ▇▇█▂▁▁▄▁ | Efficiency Ratio (%) | 92.2% | 92.0% | 93.6% | 87.4% | 86.0% | 86.1% | 89.5% | 86.0% |
| ▆█▅▃▂▃▂▁ | Cost of Funds (%) | 1.64% | 1.73% | 1.59% | 1.52% | 1.50% | 1.53% | 1.49% | 1.42% |
| ▂▂▁▁▃▅██ | NPA / Assets (%) | 0.34% | 0.31% | 0.21% | 0.18% | 0.35% | 0.53% | 0.84% | 0.83% |
| ▂▂▁▁▃▅██ | Net Charge-Off Ratio (%) | 0.61% | 0.59% | 0.41% | 0.34% | 0.64% | 0.95% | 1.36% | 1.47% |
| ▄▁▂▃█▇▇▇ | Tang. Book Value ($M) | $39 | $37 | $38 | $38 | $41 | $40 | $40 | $40 |
| ▄▁▁▃▃▃▆█ | Gross Loans ($M) | $239 | $230 | $229 | $235 | $236 | $238 | $246 | $255 |
| ▄▅▆▅▁▂▄█ | Total Deposits ($M) | $384 | $386 | $392 | $388 | $370 | $376 | $382 | $402 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 7% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 15% |