Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.87% | +0.32 | 0.55% |
| Return on Equity (%) | ▲ | 7.64% | +2.43 | 5.21% |
| Net Interest Margin (%) | ▲ | 3.52% | +0.34 | 3.18% |
| Efficiency Ratio (%) | ▲ | 74.01% | -6.12 | 80.13% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.23 | $1 |
| Cost of Funds (%) | ▲ | 1.75% | -0.26 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $357 | -2.96 | $359 |
| Gross Loans ($M) | ▼ | $254 | -5.41 | $260 |
| Loan Growth YoY (%) | ▲ | 86.08% | +1.55 | 84.53% |
| Total Deposits ($M) | ▼ | $292 | -11.65 | $304 |
| Shareholders Equity ($M) | ▲ | $42 | +3.48 | $39 |
| Tang. Book Value ($M) | ▲ | $42 | +3.48 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +3.82 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 86.08% | +1.55 | 84.53% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.38% | +2.18 | 0.21% |
| Allowance / Loans (%) | — | 1.04% | -0.02% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 3.22% | +3.11 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.76M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▇██ | Net Interest Margin (%) | 2.67% | 2.69% | 3.05% | 3.18% | 3.23% | 3.32% | 3.50% | 3.52% |
| ▁▁▃▄▄▅▇█ | Return on Assets (%) | 0.33% | 0.30% | 0.45% | 0.55% | 0.57% | 0.62% | 0.74% | 0.87% |
| ██▇▄▄▃▁▁ | Efficiency Ratio (%) | 86.0% | 86.9% | 83.7% | 80.1% | 79.7% | 78.2% | 75.3% | 74.0% |
| █▇▅▄▃▂▁▁ | Cost of Funds (%) | 2.40% | 2.31% | 2.08% | 2.02% | 1.98% | 1.88% | 1.74% | 1.75% |
| ▁▁▁▁▁▄▃█ | NPA / Assets (%) | 0.20% | 0.18% | 0.20% | 0.21% | 0.26% | 1.01% | 0.86% | 2.38% |
| ▁▁▁▁▁▄▃█ | Net Charge-Off Ratio (%) | 0.10% | 0.07% | 0.10% | 0.11% | 0.19% | 1.33% | 1.10% | 3.22% |
| ▃▁▂▃▅▇▇█ | Tang. Book Value ($M) | $38 | $37 | $38 | $39 | $40 | $41 | $41 | $42 |
| █▇▄▅▅▁▄▂ | Gross Loans ($M) | $265 | $263 | $258 | $260 | $259 | $253 | $258 | $254 |
| ▄▆██▃▂▆▁ | Total Deposits ($M) | $298 | $301 | $305 | $304 | $296 | $295 | $301 | $292 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 10% |