Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.22% | -0.50 | 2.73% |
| Return on Equity (%) | ▼ | 31.51% | -9.65 | 41.16% |
| Net Interest Margin (%) | ▼ | 5.02% | -0.36 | 5.38% |
| Efficiency Ratio (%) | ▼ | 58.81% | +7.00 | 51.81% |
| Pre-Provision Profit ($M) | ▼ | $3 | -0.48 | $3 |
| Cost of Funds (%) | ▲ | 1.49% | -0.36 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $415 | -38.39 | $454 |
| Gross Loans ($M) | ▼ | $285 | -37.02 | $322 |
| Loan Growth YoY (%) | ▼ | 74.02% | -2.06 | 76.08% |
| Total Deposits ($M) | ▼ | $381 | -38.33 | $420 |
| Shareholders Equity ($M) | ▲ | $31 | +0.89 | $30 |
| Tang. Book Value ($M) | ▲ | $29 | +1.13 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +1.11 | $30 |
| Loan / Deposit Ratio (%) | ▼ | 74.02% | -2.06 | 76.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.12 | 0.16% |
| Allowance / Loans (%) | — | 1.06% | 0.12% | 0.94% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.17 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.21% | +1.42 | 11.79% |
Noninterest income ($1.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▄▄▄▁▁ | Net Interest Margin (%) | 6.02% | 5.92% | 5.42% | 5.38% | 5.40% | 5.38% | 4.89% | 5.02% |
| ██▇▆▇▅▁▂ | Return on Assets (%) | 2.94% | 3.07% | 2.86% | 2.73% | 2.80% | 2.55% | 1.98% | 2.22% |
| ▂▂▁▁▁▄█▇ | Efficiency Ratio (%) | 53.8% | 53.0% | 51.7% | 51.8% | 52.7% | 56.1% | 60.6% | 58.8% |
| ▄█▂▄▅▅▂▁ | Cost of Funds (%) | 1.77% | 2.22% | 1.61% | 1.85% | 1.93% | 1.89% | 1.62% | 1.49% |
| ▁██▆▃▇▃▂ | NPA / Assets (%) | 0.00% | 0.22% | 0.24% | 0.16% | 0.08% | 0.19% | 0.06% | 0.04% |
| ▁██▆▃▇▃▂ | Net Charge-Off Ratio (%) | 0.00% | 0.30% | 0.33% | 0.23% | 0.11% | 0.26% | 0.09% | 0.05% |
| ▃▁▁▃██▁▅ | Tang. Book Value ($M) | $28 | $27 | $27 | $28 | $30 | $31 | $28 | $29 |
| ▄▂██▇▆▄▁ | Gross Loans ($M) | $302 | $295 | $325 | $322 | $318 | $311 | $302 | $285 |
| █▁▅▇▄▄▆▁ | Total Deposits ($M) | $427 | $382 | $406 | $420 | $402 | $401 | $413 | $381 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 8% |