Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.80% | +0.24 | 0.56% |
| Return on Equity (%) | ▲ | 9.96% | +2.70 | 7.26% |
| Net Interest Margin (%) | ▲ | 2.63% | +0.28 | 2.35% |
| Efficiency Ratio (%) | ▲ | 65.57% | -7.22 | 72.79% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.31 | $1 |
| Cost of Funds (%) | ▲ | 1.35% | -0.11 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $384 | +11.79 | $372 |
| Gross Loans ($M) | ▲ | $268 | +7.15 | $261 |
| Loan Growth YoY (%) | ▼ | 76.44% | -0.24 | 76.68% |
| Total Deposits ($M) | ▲ | $349 | +10.33 | $338 |
| Shareholders Equity ($M) | ▲ | $31 | +1.28 | $30 |
| Tang. Book Value ($M) | ▲ | $31 | +1.28 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +1.59 | $33 |
| Loan / Deposit Ratio (%) | ▼ | 76.44% | -0.24 | 76.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.43% | -0.03 | 0.46% |
| Allowance / Loans (%) | — | 0.50% | 0.01% | 0.49% |
| Net Charge-Off Ratio (%) | ▲ | 0.60% | -0.03 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▅██ | Net Interest Margin (%) | 2.22% | 2.23% | 2.32% | 2.35% | 2.41% | 2.46% | 2.60% | 2.63% |
| ▁▁▂▃▄▅██ | Return on Assets (%) | 0.46% | 0.47% | 0.53% | 0.56% | 0.61% | 0.67% | 0.77% | 0.80% |
| ██▇▆▅▃▁▁ | Efficiency Ratio (%) | 76.8% | 76.1% | 74.5% | 72.8% | 71.2% | 69.1% | 66.8% | 65.6% |
| █▇▆█▇▄▁▅ | Cost of Funds (%) | 1.48% | 1.41% | 1.41% | 1.46% | 1.41% | 1.33% | 1.19% | 1.35% |
| ▁▄▅▆▇█▆▆ | NPA / Assets (%) | 0.24% | 0.37% | 0.40% | 0.46% | 0.49% | 0.53% | 0.45% | 0.43% |
| ▁▄▅▆██▇▆ | Net Charge-Off Ratio (%) | 0.34% | 0.50% | 0.57% | 0.64% | 0.70% | 0.75% | 0.67% | 0.60% |
| ▆▁▅▄███▇ | Tang. Book Value ($M) | $30 | $28 | $30 | $30 | $31 | $31 | $31 | $31 |
| ▁▁▂▃▂▄▆█ | Gross Loans ($M) | $257 | $257 | $259 | $261 | $259 | $262 | $265 | $268 |
| ▁▃▅▃▂▂█▅ | Total Deposits ($M) | $322 | $335 | $352 | $338 | $334 | $334 | $372 | $349 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 17% |