Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.63% | +2.61 | 0.02% |
| Return on Equity (%) | ▲ | 16.87% | +16.75 | 0.12% |
| Net Interest Margin (%) | ▼ | 5.00% | -0.48 | 5.48% |
| Efficiency Ratio (%) | ▲ | 66.55% | -26.01 | 92.56% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.16 | $0 |
| Cost of Funds (%) | ▼ | 2.07% | +0.20 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $182 | -9.44 | $191 |
| Gross Loans ($M) | ▼ | $146 | -13.53 | $160 |
| Loan Growth YoY (%) | ▼ | 102.04% | -6.19 | 108.22% |
| Total Deposits ($M) | ▼ | $141 | -3.47 | $144 |
| Shareholders Equity ($M) | ▲ | $29 | +2.05 | $27 |
| Tang. Book Value ($M) | ▲ | $29 | +2.05 | $27 |
| Loan / Deposit Ratio (%) | ▼ | 102.04% | -6.19 | 108.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.79% | -0.37 | 1.17% |
| Allowance / Loans (%) | — | 1.62% | -0.52% | 2.14% |
| Net Charge-Off Ratio (%) | ▲ | 0.98% | -0.41 | 1.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.47% | +3.42 | 16.05% |
Noninterest income ($1.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▁▄▄▃▁▁ | Net Interest Margin (%) | 6.25% | 6.08% | 5.04% | 5.48% | 5.51% | 5.33% | 4.94% | 5.00% |
| ▄▃▁▂▂▂▆█ | Return on Assets (%) | 0.79% | 0.39% | -0.43% | 0.02% | 0.21% | 0.16% | 1.85% | 2.63% |
| ▅▆█▇▆▅▂▁ | Efficiency Ratio (%) | 84.1% | 88.0% | 99.7% | 92.6% | 88.9% | 86.8% | 72.5% | 66.5% |
| ▁▃█▁▆▄▂▄ | Cost of Funds (%) | 1.80% | 1.97% | 2.46% | 1.87% | 2.28% | 2.11% | 1.91% | 2.07% |
| █▄▁▃▅▁▃▁ | NPA / Assets (%) | 2.03% | 1.32% | 0.65% | 1.17% | 1.44% | 0.82% | 1.12% | 0.79% |
| █▄▁▄▆▂▃▂ | Net Charge-Off Ratio (%) | 2.43% | 1.56% | 0.77% | 1.40% | 1.82% | 1.06% | 1.39% | 0.98% |
| ▂▁▁▁▂▂▅█ | Tang. Book Value ($M) | $28 | $27 | $27 | $27 | $28 | $28 | $29 | $29 |
| ▁█▇█▃▁▁▂ | Gross Loans ($M) | $143 | $162 | $158 | $160 | $149 | $145 | $145 | $146 |
| ▁▇▇█▇██▇ | Total Deposits ($M) | $123 | $142 | $139 | $144 | $141 | $144 | $145 | $141 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 16% |
| C&I / Commercial | 83% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 24% |