Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.78% | +0.60 | 1.18% |
| Return on Equity (%) | ▲ | 17.32% | +4.90 | 12.42% |
| Net Interest Margin (%) | ▲ | 4.70% | +0.27 | 4.43% |
| Efficiency Ratio (%) | ▲ | 57.22% | -5.82 | 63.04% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.76 | $1 |
| Cost of Funds (%) | ▲ | 1.70% | -0.32 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $310 | +34.74 | $275 |
| Gross Loans ($M) | ▲ | $239 | +4.59 | $235 |
| Loan Growth YoY (%) | ▼ | 85.81% | -7.82 | 93.63% |
| Total Deposits ($M) | ▲ | $275 | +27.73 | $248 |
| Shareholders Equity ($M) | ▲ | $32 | +5.34 | $27 |
| Tang. Book Value ($M) | ▲ | $32 | +5.34 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +5.19 | $28 |
| Loan / Deposit Ratio (%) | ▼ | 85.81% | -7.82 | 93.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.24% | -0.18 | 0.42% |
| Allowance / Loans (%) | — | 1.34% | 0.04% | 1.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.31% | -0.18 | 0.49% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.79M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▇█▇█ | Net Interest Margin (%) | 4.11% | 4.23% | 4.35% | 4.43% | 4.56% | 4.64% | 4.59% | 4.70% |
| ▁▁▅▄▅▅▇█ | Return on Assets (%) | 0.76% | 0.83% | 1.30% | 1.18% | 1.37% | 1.33% | 1.62% | 1.78% |
| █▇▂▃▂▃▂▁ | Efficiency Ratio (%) | 74.4% | 71.5% | 61.5% | 63.0% | 61.1% | 62.9% | 59.9% | 57.2% |
| ▆███▆▁▂▁ | Cost of Funds (%) | 1.96% | 2.06% | 2.06% | 2.02% | 1.93% | 1.69% | 1.76% | 1.70% |
| ▅▅▅▅▄▄█▁ | NPA / Assets (%) | 0.44% | 0.44% | 0.43% | 0.42% | 0.40% | 0.38% | 0.59% | 0.24% |
| ▅▅▄▄▄▄█▁ | Net Charge-Off Ratio (%) | 0.55% | 0.52% | 0.50% | 0.49% | 0.47% | 0.47% | 0.71% | 0.31% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $24 | $24 | $26 | $27 | $28 | $29 | $30 | $32 |
| ▁▃▆▇█▇██ | Gross Loans ($M) | $209 | $220 | $231 | $235 | $237 | $234 | $237 | $239 |
| ▁▁▁▃▃▅▃█ | Total Deposits ($M) | $236 | $236 | $236 | $248 | $248 | $257 | $251 | $275 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 46% |
| Interest-Bearing (core) | 46% |
| Brokered / Other | 9% |