Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.51% | -0.25 | 0.77% |
| Return on Equity (%) | ▼ | 3.56% | -1.76 | 5.32% |
| Net Interest Margin (%) | ▼ | 3.65% | -0.20 | 3.84% |
| Efficiency Ratio (%) | ▲ | 73.92% | -2.57 | 76.49% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.38 | $2 |
| Cost of Funds (%) | ▼ | 1.44% | +0.10 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $783 | +27.25 | $755 |
| Gross Loans ($M) | ▲ | $538 | +13.58 | $524 |
| Loan Growth YoY (%) | ▼ | 80.34% | -1.21 | 81.54% |
| Total Deposits ($M) | ▲ | $661 | +24.46 | $637 |
| Shareholders Equity ($M) | ▲ | $114 | +6.25 | $108 |
| Tang. Book Value ($M) | ▲ | $114 | +6.26 | $108 |
| TBV excl. AOCI ($M)** | ▲ | $121 | +7.90 | $114 |
| Loan / Deposit Ratio (%) | ▼ | 80.34% | -1.21 | 81.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.62% | +0.59 | 0.03% |
| Allowance / Loans (%) | — | 1.26% | 0.27% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 0.90% | +0.85 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 22.99% | +0.07 | 22.92% |
Noninterest income ($1.37M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▆▆▆▁▁ | Net Interest Margin (%) | 3.94% | 3.94% | 3.86% | 3.84% | 3.85% | 3.84% | 3.64% | 3.65% |
| ██▇▇▇▇▁▄ | Return on Assets (%) | 0.95% | 0.93% | 0.77% | 0.77% | 0.81% | 0.85% | 0.13% | 0.51% |
| ▁▂██▆▅█▅ | Efficiency Ratio (%) | 70.6% | 71.4% | 76.5% | 76.5% | 74.7% | 74.2% | 75.8% | 73.9% |
| ▂▃▁▄▅▆▂█ | Cost of Funds (%) | 1.31% | 1.32% | 1.27% | 1.34% | 1.36% | 1.39% | 1.30% | 1.44% |
| ▂▂▁▁▁▁█▇ | NPA / Assets (%) | 0.14% | 0.14% | 0.02% | 0.03% | 0.02% | 0.01% | 0.82% | 0.62% |
| ▂▂▁▁▁▁█▆ | Net Charge-Off Ratio (%) | 0.20% | 0.20% | 0.03% | 0.04% | 0.03% | 0.01% | 1.20% | 0.90% |
| ▁▁▂▂▅▇▆█ | Tang. Book Value ($M) | $106 | $106 | $107 | $108 | $110 | $112 | $111 | $114 |
| ▃▃▁▁▄█▇▆ | Gross Loans ($M) | $528 | $528 | $522 | $524 | $532 | $545 | $540 | $538 |
| ▂▁▁▃▇▄█▇ | Total Deposits ($M) | $627 | $619 | $626 | $637 | $662 | $643 | $674 | $661 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 6% |