Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.74% | -0.10 | 0.85% |
| Return on Equity (%) | ▼ | 6.68% | -2.39 | 9.07% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.16 | 3.70% |
| Efficiency Ratio (%) | ▼ | 82.70% | +3.95 | 78.76% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.08 | $0 |
| Cost of Funds (%) | ▼ | 0.63% | +0.01 | 0.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $156 | -5.61 | $162 |
| Gross Loans ($M) | ▲ | $57 | +3.73 | $54 |
| Loan Growth YoY (%) | ▲ | 41.38% | +4.78 | 36.59% |
| Total Deposits ($M) | ▼ | $137 | -7.70 | $145 |
| Shareholders Equity ($M) | ▲ | $17 | +2.13 | $15 |
| Tang. Book Value ($M) | ▲ | $17 | +2.13 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +2.06 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 41.38% | +4.78 | 36.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.12 | 0.13% |
| Allowance / Loans (%) | — | 1.29% | -0.10% | 1.39% |
| Net Charge-Off Ratio (%) | ▼ | 0.67% | +0.34 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 31.13% | -0.30 | 31.43% |
Noninterest income ($0.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▆▆█ | Net Interest Margin (%) | 3.54% | 3.57% | 3.63% | 3.70% | 3.77% | 3.78% | 3.77% | 3.86% |
| ██▂▅▇█▁▄ | Return on Assets (%) | 0.97% | 1.01% | 0.65% | 0.85% | 0.95% | 0.97% | 0.59% | 0.74% |
| ▁▁▆▃▂▂█▆ | Efficiency Ratio (%) | 75.7% | 75.0% | 83.1% | 78.8% | 76.7% | 76.5% | 86.1% | 82.7% |
| ▁▅▃▅▇█▇▆ | Cost of Funds (%) | 0.57% | 0.62% | 0.59% | 0.61% | 0.64% | 0.66% | 0.64% | 0.63% |
| ▆▇▁▄▁▇▆█ | NPA / Assets (%) | 0.18% | 0.21% | 0.03% | 0.13% | 0.02% | 0.21% | 0.19% | 0.26% |
| ▆▇▁▄▁▇▇█ | Net Charge-Off Ratio (%) | 0.49% | 0.56% | 0.06% | 0.32% | 0.04% | 0.57% | 0.52% | 0.67% |
| ▄▁▂▃▇█▇█ | Tang. Book Value ($M) | $16 | $14 | $15 | $15 | $17 | $17 | $17 | $17 |
| ▁▂▄▃▂▃▃█ | Gross Loans ($M) | $52 | $53 | $54 | $54 | $53 | $54 | $53 | $57 |
| ▄▂██▂▁▁▂ | Total Deposits ($M) | $140 | $137 | $144 | $145 | $136 | $136 | $135 | $137 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 23% |
| Consumer | 9% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 8% |