Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.59% | +0.04 | 0.55% |
| Return on Equity (%) | ▲ | 6.19% | +1.05 | 5.14% |
| Net Interest Margin (%) | ▼ | 3.05% | -0.13 | 3.18% |
| Efficiency Ratio (%) | ▲ | 68.97% | -0.90 | 69.87% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.77 | $0 |
| Cost of Funds (%) | ▲ | 2.99% | -0.27 | 3.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $844 | +14.75 | $830 |
| Gross Loans ($M) | ▲ | $668 | +39.55 | $628 |
| Loan Growth YoY (%) | ▲ | 94.82% | +1.01 | 93.81% |
| Total Deposits ($M) | ▲ | $693 | +33.59 | $660 |
| Shareholders Equity ($M) | ▲ | $79 | +1.53 | $78 |
| Tang. Book Value ($M) | ▲ | $72 | +1.62 | $71 |
| Loan / Deposit Ratio (%) | ▲ | 94.82% | +1.01 | 93.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.64% | +1.44 | 2.20% |
| Allowance / Loans (%) | — | 1.54% | 0.07% | 1.47% |
| Net Charge-Off Ratio (%) | ▼ | 4.37% | +1.96 | 2.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.18 | 12.18% |
Noninterest income ($0.96M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆█▇▅▇▅▁▂ | Net Interest Margin (%) | 3.22% | 3.29% | 3.23% | 3.18% | 3.24% | 3.15% | 3.00% | 3.05% |
| ▄▅█▁▁▁▁▁ | Return on Assets (%) | 1.15% | 1.37% | 1.91% | 0.55% | 0.67% | 0.56% | 0.62% | 0.59% |
| ▂▂▁▇▆█▆▆ | Efficiency Ratio (%) | 56.3% | 57.8% | 52.8% | 69.9% | 68.8% | 74.4% | 68.8% | 69.0% |
| ▅█▄▄▇▂▁▁ | Cost of Funds (%) | 3.30% | 3.64% | 3.26% | 3.25% | 3.55% | 3.08% | 2.94% | 2.99% |
| █▁▁▃▃▆██ | NPA / Assets (%) | 3.92% | 1.60% | 1.80% | 2.20% | 2.41% | 3.33% | 3.78% | 3.64% |
| █▁▁▂▃▆██ | Net Charge-Off Ratio (%) | 4.57% | 1.91% | 2.16% | 2.40% | 2.66% | 3.89% | 4.43% | 4.37% |
| ▃▇█▁▄▃▅▄ | Tang. Book Value ($M) | $72 | $74 | $75 | $71 | $72 | $72 | $73 | $72 |
| ▁▂▄▇▆███ | Gross Loans ($M) | $450 | $481 | $554 | $628 | $617 | $652 | $676 | $668 |
| ▁▃▅▇████ | Total Deposits ($M) | $440 | $516 | $599 | $660 | $689 | $665 | $679 | $693 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 27% |