Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.57% | -0.04 | 0.61% |
| Return on Equity (%) | ▼ | 6.45% | -1.58 | 8.03% |
| Net Interest Margin (%) | ▲ | 3.30% | +0.44 | 2.85% |
| Efficiency Ratio (%) | ▼ | 87.75% | +2.21 | 85.54% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.08 | $1 |
| Cost of Funds (%) | ▲ | 1.78% | -0.14 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $247 | -19.66 | $267 |
| Gross Loans ($M) | ▼ | $171 | -21.05 | $193 |
| Loan Growth YoY (%) | ▼ | 79.08% | -5.41 | 84.49% |
| Total Deposits ($M) | ▼ | $214 | -11.15 | $225 |
| Shareholders Equity ($M) | ▲ | $23 | +1.65 | $21 |
| Tang. Book Value ($M) | ▲ | $19 | +1.40 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $21 | +1.39 | $19 |
| Loan / Deposit Ratio (%) | ▼ | 79.08% | -5.41 | 84.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.51% | +0.24 | 0.27% |
| Allowance / Loans (%) | — | 1.21% | 0.11% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 0.74% | +0.36 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.71% | +1.79 | 12.92% |
Noninterest income ($1.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▅▆▇█ | Net Interest Margin (%) | 2.32% | 2.40% | 2.66% | 2.85% | 2.89% | 2.97% | 3.10% | 3.30% |
| ▇▅▂███▁▇ | Return on Assets (%) | 0.59% | 0.40% | 0.18% | 0.61% | 0.65% | 0.65% | 0.12% | 0.57% |
| ▁▄█▁▁▁█▃ | Efficiency Ratio (%) | 85.7% | 89.6% | 94.8% | 85.5% | 85.0% | 84.9% | 96.2% | 87.7% |
| █▇▅▂▂▁▁▁ | Cost of Funds (%) | 2.54% | 2.44% | 2.20% | 1.92% | 1.93% | 1.84% | 1.83% | 1.78% |
| ▁▁▃▃▃▇▅█ | NPA / Assets (%) | 0.14% | 0.18% | 0.25% | 0.27% | 0.26% | 0.42% | 0.36% | 0.51% |
| ▁▁▃▃▃▇▅█ | Net Charge-Off Ratio (%) | 0.19% | 0.24% | 0.34% | 0.37% | 0.36% | 0.61% | 0.52% | 0.74% |
| ▃▁▁▃▆█▅█ | Tang. Book Value ($M) | $18 | $18 | $18 | $18 | $19 | $19 | $19 | $19 |
| █▇▇▅▄▃▁▁ | Gross Loans ($M) | $213 | $207 | $202 | $193 | $189 | $185 | $176 | $171 |
| █▇▄▃▃▄▂▁ | Total Deposits ($M) | $257 | $251 | $235 | $225 | $227 | $233 | $221 | $214 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 10% |