Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.56% | +0.16 | 0.40% |
| Return on Equity (%) | ▲ | 6.10% | +1.43 | 4.67% |
| Net Interest Margin (%) | ▲ | 2.96% | +0.25 | 2.71% |
| Efficiency Ratio (%) | ▲ | 78.42% | -4.33 | 82.75% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.21 | $1 |
| Cost of Funds (%) | ▲ | 1.54% | -0.13 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $449 | +16.00 | $433 |
| Gross Loans ($M) | ▲ | $293 | +6.20 | $287 |
| Loan Growth YoY (%) | ▼ | 75.96% | -0.47 | 76.43% |
| Total Deposits ($M) | ▲ | $383 | +10.26 | $373 |
| Shareholders Equity ($M) | ▲ | $41 | +3.13 | $38 |
| Tang. Book Value ($M) | ▲ | $41 | +3.13 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +3.47 | $43 |
| Loan / Deposit Ratio (%) | ▼ | 75.96% | -0.47 | 76.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.19% | +0.02 | 0.18% |
| Allowance / Loans (%) | — | 0.66% | 0.04% | 0.62% |
| Net Charge-Off Ratio (%) | ▼ | 0.29% | +0.11 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.55M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▆██ | Net Interest Margin (%) | 2.41% | 2.45% | 2.62% | 2.71% | 2.78% | 2.82% | 2.91% | 2.96% |
| ▁▂▃▅▅▆▇█ | Return on Assets (%) | 0.23% | 0.29% | 0.32% | 0.40% | 0.42% | 0.47% | 0.49% | 0.56% |
| █▇▆▄▃▁▂▁ | Efficiency Ratio (%) | 88.2% | 85.9% | 85.6% | 82.7% | 81.3% | 79.6% | 80.6% | 78.4% |
| ██▅▄▅▄▂▁ | Cost of Funds (%) | 1.83% | 1.84% | 1.69% | 1.67% | 1.70% | 1.68% | 1.60% | 1.54% |
| █▅▄▂▁▁▂▃ | NPA / Assets (%) | 0.42% | 0.27% | 0.26% | 0.18% | 0.10% | 0.10% | 0.15% | 0.19% |
| █▅▃▁▁▁▂▃ | Net Charge-Off Ratio (%) | 0.63% | 0.41% | 0.31% | 0.18% | 0.14% | 0.15% | 0.22% | 0.29% |
| ▂▁▃▄▆▇██ | Tang. Book Value ($M) | $36 | $35 | $36 | $37 | $39 | $40 | $40 | $41 |
| ▁▁▃▄██▇▇ | Gross Loans ($M) | $279 | $278 | $284 | $287 | $297 | $295 | $294 | $293 |
| ▁▃▆▅▄▄▆█ | Total Deposits ($M) | $359 | $366 | $374 | $373 | $368 | $371 | $374 | $383 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 9% |