Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.74% | +0.62 | 0.12% |
| Return on Equity (%) | ▲ | 7.98% | +6.52 | 1.46% |
| Net Interest Margin (%) | ▲ | 3.23% | +1.03 | 2.20% |
| Efficiency Ratio (%) | ▲ | 74.76% | -20.91 | 95.67% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.41 | $0 |
| Cost of Funds (%) | ▲ | 0.75% | -0.43 | 1.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $196 | -13.57 | $210 |
| Gross Loans ($M) | ▼ | $95 | -2.24 | $97 |
| Loan Growth YoY (%) | ▲ | 54.35% | +2.92 | 51.43% |
| Total Deposits ($M) | ▼ | $173 | -14.22 | $187 |
| Shareholders Equity ($M) | ▲ | $19 | +0.75 | $18 |
| Tang. Book Value ($M) | ▲ | $19 | +0.75 | $18 |
| TBV excl. AOCI ($M)** | ▼ | $22 | -0.80 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 54.35% | +2.92 | 51.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.80% | +0.40 | 1.40% |
| Allowance / Loans (%) | — | 0.84% | 0.05% | 0.79% |
| Net Charge-Off Ratio (%) | ▼ | 3.61% | +0.63 | 2.98% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.78% | +2.71 | 19.07% |
Noninterest income ($0.26M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▃▄▇█ | Net Interest Margin (%) | 1.75% | 1.79% | 2.05% | 2.20% | 2.24% | 2.37% | 3.02% | 3.23% |
| ▁▁▄▄▅▅▇█ | Return on Assets (%) | -0.44% | -0.45% | 0.02% | 0.12% | 0.22% | 0.25% | 0.56% | 0.74% |
| ██▇▆▅▄▂▁ | Efficiency Ratio (%) | 106.2% | 107.5% | 100.7% | 95.7% | 92.9% | 91.1% | 79.6% | 74.8% |
| ▇█▆▅▄▂▁▁ | Cost of Funds (%) | 1.45% | 1.60% | 1.37% | 1.18% | 1.09% | 0.95% | 0.74% | 0.75% |
| ▁▂▅▅▄▇██ | NPA / Assets (%) | 0.96% | 1.10% | 1.39% | 1.40% | 1.32% | 1.59% | 1.77% | 1.80% |
| ▁▁▄▄▄▆█▇ | Net Charge-Off Ratio (%) | 2.16% | 2.32% | 2.94% | 2.98% | 2.96% | 3.33% | 3.83% | 3.61% |
| ▁▅▅▅▆▇▇█ | Tang. Book Value ($M) | $17 | $18 | $18 | $18 | $18 | $18 | $18 | $19 |
| █▇▇▃▁▂▁▂ | Gross Loans ($M) | $105 | $103 | $102 | $97 | $93 | $94 | $92 | $95 |
| ▇▄█▅▆▁▃▁ | Total Deposits ($M) | $191 | $183 | $196 | $187 | $190 | $173 | $181 | $173 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 6% |