Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.35 | 1.12% |
| Return on Equity (%) | ▲ | 15.86% | +2.59 | 13.27% |
| Net Interest Margin (%) | ▲ | 4.65% | +0.51 | 4.14% |
| Efficiency Ratio (%) | ▲ | 63.64% | -5.34 | 68.98% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.51 | $1 |
| Cost of Funds (%) | ▲ | 1.13% | -0.13 | 1.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $289 | +20.56 | $268 |
| Gross Loans ($M) | ▲ | $195 | +3.49 | $191 |
| Loan Growth YoY (%) | ▼ | 73.99% | -3.47 | 77.46% |
| Total Deposits ($M) | ▲ | $260 | +16.25 | $244 |
| Shareholders Equity ($M) | ▲ | $28 | +4.26 | $23 |
| Tang. Book Value ($M) | ▲ | $28 | +4.26 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +4.41 | $26 |
| Loan / Deposit Ratio (%) | ▼ | 73.99% | -3.47 | 77.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.07 | 0.28% |
| Allowance / Loans (%) | — | 0.97% | -0.05% | 1.02% |
| Net Charge-Off Ratio (%) | ▲ | 0.32% | -0.08 | 0.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.93% | +2.46 | 12.46% |
Noninterest income ($0.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▆▆▇██ | Net Interest Margin (%) | 3.14% | 3.34% | 4.03% | 4.14% | 4.26% | 4.36% | 4.53% | 4.65% |
| ▁▂▅▆▆▇▇█ | Return on Assets (%) | 0.48% | 0.61% | 0.99% | 1.12% | 1.19% | 1.26% | 1.30% | 1.47% |
| █▇▄▃▂▂▂▁ | Efficiency Ratio (%) | 82.4% | 78.3% | 71.2% | 69.0% | 67.3% | 66.6% | 67.7% | 63.6% |
| █▇▄▃▂▂▁▁ | Cost of Funds (%) | 1.58% | 1.49% | 1.31% | 1.25% | 1.23% | 1.22% | 1.17% | 1.13% |
| ███▅▃▃▃▁ | NPA / Assets (%) | 0.33% | 0.32% | 0.33% | 0.28% | 0.26% | 0.25% | 0.25% | 0.21% |
| ▁▁█▇▆▆▆▃ | Net Charge-Off Ratio (%) | 0.27% | 0.26% | 0.42% | 0.40% | 0.37% | 0.36% | 0.37% | 0.32% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $21 | $22 | $22 | $23 | $25 | $26 | $26 | $28 |
| ▁▁▁▄▅██▇ | Gross Loans ($M) | $188 | $188 | $187 | $191 | $193 | $195 | $196 | $195 |
| █▂▁▂▆▆██ | Total Deposits ($M) | $260 | $243 | $240 | $244 | $255 | $253 | $259 | $260 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 8% |