Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.14% | -0.28 | 1.42% |
| Return on Equity (%) | ▼ | 9.51% | -3.09 | 12.60% |
| Net Interest Margin (%) | ▲ | 3.88% | +0.27 | 3.61% |
| Efficiency Ratio (%) | ▼ | 66.03% | +1.89 | 64.14% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.35 | $2 |
| Cost of Funds (%) | ▲ | 1.99% | -0.13 | 2.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $266 | +5.85 | $260 |
| Gross Loans ($M) | ▲ | $185 | +12.35 | $173 |
| Loan Growth YoY (%) | ▲ | 86.55% | +6.35 | 80.19% |
| Total Deposits ($M) | ▼ | $211 | -1.55 | $213 |
| Shareholders Equity ($M) | ▲ | $32 | +1.64 | $30 |
| Tang. Book Value ($M) | ▲ | $32 | +1.64 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $33 | +1.79 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 86.55% | +6.35 | 80.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.17 | 0.26% |
| Allowance / Loans (%) | — | 1.31% | 0.01% | 1.30% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.26 | 0.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 16.31% | -0.18 | 16.49% |
Noninterest income ($1.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆▇███ | Net Interest Margin (%) | 3.05% | 3.06% | 3.39% | 3.61% | 3.70% | 3.79% | 3.88% | 3.88% |
| ▂▁▁█▇▂▂▄ | Return on Assets (%) | 1.00% | 0.95% | 0.91% | 1.42% | 1.33% | 1.01% | 0.99% | 1.14% |
| ▁▃█▄▄▁▆▅ | Efficiency Ratio (%) | 55.3% | 61.3% | 75.8% | 64.1% | 65.2% | 57.6% | 69.6% | 66.0% |
| █▅▆▃▁▁▂▁ | Cost of Funds (%) | 2.63% | 2.37% | 2.42% | 2.12% | 1.95% | 1.97% | 2.06% | 1.99% |
| ▆▇█▂▂▁▁▁ | NPA / Assets (%) | 0.82% | 0.93% | 1.09% | 0.26% | 0.29% | 0.13% | 0.11% | 0.09% |
| ▇██▂▂▁▁▁ | Net Charge-Off Ratio (%) | 1.24% | 1.43% | 1.52% | 0.39% | 0.42% | 0.20% | 0.15% | 0.13% |
| ▁▁▂▄▆▆▇█ | Tang. Book Value ($M) | $28 | $28 | $29 | $30 | $31 | $30 | $31 | $32 |
| ▁▂▄▃▅▄▄█ | Gross Loans ($M) | $168 | $172 | $176 | $173 | $179 | $175 | $176 | $185 |
| ▆█▁▅▅▆▁▅ | Total Deposits ($M) | $216 | $229 | $194 | $213 | $214 | $216 | $191 | $211 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 8% |