Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.69% | -1.21 | 1.89% |
| Return on Equity (%) | ▼ | 4.71% | -9.87 | 14.58% |
| Net Interest Margin (%) | ▼ | 5.70% | -1.13 | 6.84% |
| Efficiency Ratio (%) | ▼ | 59.64% | +15.43 | 44.21% |
| Pre-Provision Profit ($M) | ▼ | $3 | -1.59 | $4 |
| Cost of Funds (%) | ▼ | 3.36% | +0.09 | 3.27% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $342 | -48.88 | $391 |
| Gross Loans ($M) | ▼ | $296 | -67.71 | $364 |
| Loan Growth YoY (%) | ▼ | 102.22% | -6.03 | 108.25% |
| Total Deposits ($M) | ▼ | $283 | -45.81 | $329 |
| Shareholders Equity ($M) | ▲ | $53 | +2.73 | $50 |
| Tang. Book Value ($M) | ▲ | $51 | +1.79 | $50 |
| Loan / Deposit Ratio (%) | ▼ | 102.22% | -6.03 | 108.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.61% | +3.32 | 1.28% |
| Allowance / Loans (%) | — | 2.40% | 0.15% | 2.25% |
| Net Charge-Off Ratio (%) | ▼ | 5.32% | +3.94 | 1.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▅███▇▂▁ | Net Interest Margin (%) | 6.49% | 6.40% | 6.86% | 6.84% | 6.81% | 6.68% | 5.85% | 5.70% |
| ▃▃█▇▇▄▁▁ | Return on Assets (%) | 0.96% | 0.99% | 2.16% | 1.89% | 1.87% | 1.27% | 0.48% | 0.69% |
| ▂▂▁▁▁▁▇█ | Efficiency Ratio (%) | 46.7% | 47.5% | 45.1% | 44.2% | 44.8% | 44.3% | 57.2% | 59.6% |
| ▃█▃▁▇▆▄▃ | Cost of Funds (%) | 3.37% | 3.62% | 3.37% | 3.27% | 3.54% | 3.52% | 3.44% | 3.36% |
| ▁▁▁▂▁▆▇█ | NPA / Assets (%) | 0.86% | 0.74% | 0.77% | 1.28% | 0.97% | 3.42% | 3.97% | 4.61% |
| ▁▁▁▂▁▆▇█ | Net Charge-Off Ratio (%) | 1.11% | 0.81% | 0.83% | 1.38% | 1.04% | 3.81% | 4.65% | 5.32% |
| ▁▂▄▆█▇██ | Tang. Book Value ($M) | $45 | $46 | $48 | $50 | $51 | $51 | $51 | $51 |
| ▂▅▆██▅▂▁ | Gross Loans ($M) | $313 | $333 | $339 | $364 | $357 | $337 | $308 | $296 |
| █▃▃▇▅▅▃▁ | Total Deposits ($M) | $342 | $304 | $305 | $329 | $319 | $314 | $299 | $283 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 20% |
| C&I / Commercial | 78% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 16% |
| Brokered / Other | 82% |