Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.37% | -0.01 | 0.37% |
| Return on Equity (%) | ▲ | 3.55% | +0.15 | 3.40% |
| Net Interest Margin (%) | ▼ | 3.42% | -0.49 | 3.91% |
| Efficiency Ratio (%) | ▼ | 89.28% | +0.60 | 88.68% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.41 | $1 |
| Cost of Funds (%) | ▲ | 3.37% | -0.15 | 3.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $787 | +42.19 | $745 |
| Gross Loans ($M) | ▲ | $614 | +43.57 | $571 |
| Loan Growth YoY (%) | ▲ | 88.36% | +1.12 | 87.24% |
| Total Deposits ($M) | ▲ | $694 | +40.73 | $653 |
| Shareholders Equity ($M) | ▲ | $86 | +4.41 | $82 |
| Tang. Book Value ($M) | ▲ | $86 | +4.41 | $82 |
| Loan / Deposit Ratio (%) | ▲ | 88.36% | +1.12 | 87.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.84% | +0.85 | 1.99% |
| Allowance / Loans (%) | — | 0.20% | 0.03% | 0.17% |
| Net Charge-Off Ratio (%) | ▼ | 3.53% | +0.93 | 2.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.98M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂██▇▂▃ | Net Interest Margin (%) | 3.21% | 3.22% | 3.35% | 3.91% | 3.91% | 3.75% | 3.37% | 3.42% |
| ▁▅█▅▆█▅▅ | Return on Assets (%) | 0.07% | 0.34% | 0.57% | 0.37% | 0.42% | 0.56% | 0.36% | 0.37% |
| █▅▁▃▃▁▃▃ | Efficiency Ratio (%) | 98.1% | 92.6% | 84.6% | 88.7% | 88.1% | 86.1% | 89.4% | 89.3% |
| ██▆▆▅▁▃▄ | Cost of Funds (%) | 3.75% | 3.76% | 3.54% | 3.52% | 3.41% | 3.05% | 3.27% | 3.37% |
| ██▃▁▅▁▃▆ | NPA / Assets (%) | 3.25% | 3.21% | 2.28% | 1.99% | 2.73% | 1.92% | 2.38% | 2.84% |
| ██▃▁▃▁▄▅ | Net Charge-Off Ratio (%) | 4.40% | 4.37% | 3.10% | 2.60% | 3.27% | 2.67% | 3.43% | 3.53% |
| ▁▃▅▂▄▆▇█ | Tang. Book Value ($M) | $81 | $83 | $84 | $82 | $83 | $85 | $86 | $86 |
| ▁▃▇▆▇▇▆█ | Gross Loans ($M) | $486 | $521 | $585 | $571 | $586 | $585 | $581 | $614 |
| ▁▃▆▄▂██▆ | Total Deposits ($M) | $564 | $615 | $698 | $653 | $609 | $740 | $760 | $694 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 93% |
| Brokered / Other | 6% |