Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.30% | +0.18 | 0.12% |
| Return on Equity (%) | ▲ | 3.39% | +2.15 | 1.24% |
| Net Interest Margin (%) | ▼ | 3.09% | -0.04 | 3.14% |
| Efficiency Ratio (%) | ▲ | 86.73% | -5.08 | 91.81% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.32 | $0 |
| Cost of Funds (%) | ▲ | 2.09% | -0.14 | 2.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $421 | +59.19 | $362 |
| Gross Loans ($M) | ▲ | $265 | +4.29 | $260 |
| Loan Growth YoY (%) | ▼ | 68.82% | -11.94 | 80.76% |
| Total Deposits ($M) | ▲ | $380 | +61.02 | $319 |
| Shareholders Equity ($M) | ▲ | $36 | +1.59 | $34 |
| Tang. Book Value ($M) | ▲ | $36 | +1.59 | $34 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +1.72 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 68.82% | -11.94 | 80.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.87% | -0.46 | 2.33% |
| Allowance / Loans (%) | — | 1.24% | 0.11% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 2.98% | -0.26 | 3.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.62M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▇▇███▆ | Net Interest Margin (%) | 2.75% | 2.89% | 3.13% | 3.14% | 3.19% | 3.24% | 3.23% | 3.09% |
| ▁▂▅▆▇▇▆█ | Return on Assets (%) | -0.20% | -0.10% | 0.10% | 0.12% | 0.20% | 0.18% | 0.16% | 0.30% |
| █▇▄▃▂▁▂▁ | Efficiency Ratio (%) | 106.8% | 102.4% | 95.0% | 91.8% | 89.7% | 87.8% | 91.7% | 86.7% |
| █▇▄▄▄▁▁▂ | Cost of Funds (%) | 2.67% | 2.52% | 2.22% | 2.23% | 2.25% | 1.92% | 2.00% | 2.09% |
| ▁▁▁██▇▇▇ | NPA / Assets (%) | 0.24% | 0.26% | 0.26% | 2.33% | 2.31% | 2.06% | 1.95% | 1.87% |
| ▁▁▁██▇██ | Net Charge-Off Ratio (%) | 0.33% | 0.33% | 0.34% | 3.24% | 3.06% | 2.88% | 2.92% | 2.98% |
| ▂▁▂▃▆▇▇█ | Tang. Book Value ($M) | $34 | $34 | $34 | $34 | $35 | $36 | $36 | $36 |
| ▂▁▂▃▇█▆▅ | Gross Loans ($M) | $256 | $253 | $256 | $260 | $272 | $277 | $270 | $265 |
| ▁▁▂▄▄▆▇█ | Total Deposits ($M) | $276 | $273 | $291 | $319 | $317 | $342 | $360 | $380 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 12% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 4% |