Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.97% | -0.27 | 1.23% |
| Return on Equity (%) | ▼ | 10.26% | -3.92 | 14.18% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.38 | 3.44% |
| Efficiency Ratio (%) | ▼ | 71.65% | +11.14 | 60.51% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.04 | $3 |
| Cost of Funds (%) | ▲ | 1.85% | -0.27 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $661 | +21.50 | $639 |
| Gross Loans ($M) | ▲ | $403 | +17.87 | $385 |
| Loan Growth YoY (%) | ▲ | 70.64% | +1.48 | 69.16% |
| Total Deposits ($M) | ▲ | $564 | +13.17 | $551 |
| Shareholders Equity ($M) | ▲ | $63 | +6.48 | $57 |
| Tang. Book Value ($M) | ▲ | $63 | +6.48 | $57 |
| TBV excl. AOCI ($M)** | ▲ | $72 | +6.36 | $65 |
| Loan / Deposit Ratio (%) | ▲ | 70.64% | +1.48 | 69.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.36% | +0.64 | 0.72% |
| Allowance / Loans (%) | — | 1.07% | 0.06% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 2.03% | +1.15 | 0.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.97% | -0.07 | 19.04% |
Noninterest income ($2.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆██ | Net Interest Margin (%) | 3.10% | 3.17% | 3.37% | 3.44% | 3.52% | 3.59% | 3.78% | 3.82% |
| ▅▆▆███▁▄ | Return on Assets (%) | 1.06% | 1.13% | 1.08% | 1.23% | 1.30% | 1.23% | 0.68% | 0.97% |
| ▃▂▂▁▁▁█▅ | Efficiency Ratio (%) | 65.8% | 63.2% | 60.9% | 60.5% | 59.7% | 58.0% | 80.7% | 71.6% |
| █▇▅▅▆▃▁▁ | Cost of Funds (%) | 2.29% | 2.20% | 2.10% | 2.12% | 2.13% | 2.00% | 1.87% | 1.85% |
| ▁▁▁▁▂█▅▆ | NPA / Assets (%) | 0.68% | 0.64% | 0.74% | 0.72% | 0.88% | 1.71% | 1.30% | 1.36% |
| ▁▁▁▁▂█▆▇ | Net Charge-Off Ratio (%) | 0.85% | 0.76% | 0.92% | 0.88% | 1.12% | 2.43% | 1.87% | 2.03% |
| ▃▁▁▃▅▇▆█ | Tang. Book Value ($M) | $57 | $54 | $55 | $57 | $59 | $61 | $60 | $63 |
| ▁▂▄▄▅███ | Gross Loans ($M) | $370 | $375 | $384 | $385 | $390 | $399 | $401 | $403 |
| ▁▁▅▆▄▄██ | Total Deposits ($M) | $529 | $527 | $549 | $551 | $542 | $545 | $563 | $564 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 8% |
| Consumer | 15% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 13% |