Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.50% | -0.16 | 1.66% |
| Return on Equity (%) | ▼ | 17.31% | -2.19 | 19.50% |
| Net Interest Margin (%) | ▲ | 2.88% | +0.66 | 2.22% |
| Efficiency Ratio (%) | ▼ | 61.07% | +2.09 | 58.97% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.78 | $3 |
| Cost of Funds (%) | ▲ | 1.78% | -0.68 | 2.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $982 | +38.76 | $943 |
| Gross Loans ($M) | ▲ | $759 | +7.63 | $752 |
| Loan Growth YoY (%) | ▼ | 87.69% | -3.34 | 91.03% |
| Total Deposits ($M) | ▲ | $857 | +39.97 | $817 |
| Shareholders Equity ($M) | ▲ | $85 | +3.75 | $81 |
| Tang. Book Value ($M) | ▲ | $85 | +3.75 | $81 |
| TBV excl. AOCI ($M)** | ▲ | $88 | +4.06 | $84 |
| Loan / Deposit Ratio (%) | ▼ | 87.69% | -3.34 | 91.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.98% | -0.03% | 1.00% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.77% | -0.22 | 14.00% |
Noninterest income ($3.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▅██ | Net Interest Margin (%) | 1.66% | 1.74% | 2.13% | 2.22% | 2.28% | 2.34% | 2.83% | 2.88% |
| ▁▁█▆▅▄▄▅ | Return on Assets (%) | 1.09% | 1.10% | 1.87% | 1.66% | 1.55% | 1.48% | 1.45% | 1.50% |
| ██▁▂▄▅▅▄ | Efficiency Ratio (%) | 65.9% | 66.6% | 56.9% | 59.0% | 60.6% | 62.0% | 62.8% | 61.1% |
| █▇▄▄▄▂▁▁ | Cost of Funds (%) | 3.20% | 2.92% | 2.36% | 2.46% | 2.43% | 2.13% | 1.90% | 1.78% |
| ███▁▁▁▁▁ | NPA / Assets (%) | 0.03% | 0.03% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ███▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▄▄▅▆▇█ | Tang. Book Value ($M) | $78 | $78 | $81 | $81 | $82 | $83 | $84 | $85 |
| ██▇▆▄▁▇▇ | Gross Loans ($M) | $768 | $771 | $759 | $752 | $740 | $714 | $760 | $759 |
| ▂▁▂▁▃█▁▄ | Total Deposits ($M) | $837 | $827 | $839 | $817 | $848 | $914 | $818 | $857 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 8% |
| Consumer | 5% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 88% |
| Brokered / Other | 3% |