Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.90% | +1.53 | 0.36% |
| Return on Equity (%) | ▲ | 30.28% | +23.31 | 6.97% |
| Net Interest Margin (%) | ▼ | 1.90% | -1.16 | 3.06% |
| Efficiency Ratio (%) | ▲ | 30.60% | -22.33 | 52.93% |
| Pre-Provision Profit ($M) | ▲ | $6 | +2.10 | $4 |
| Cost of Funds (%) | ▼ | 3.41% | +0.21 | 3.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,298 | +167.12 | $1,131 |
| Gross Loans ($M) | ▼ | $76 | -39.60 | $116 |
| Loan Growth YoY (%) | ▼ | 6.16% | -4.31 | 10.47% |
| Total Deposits ($M) | ▲ | $1,207 | +143.86 | $1,063 |
| Shareholders Equity ($M) | ▲ | $86 | +25.75 | $60 |
| Tang. Book Value ($M) | ▲ | $86 | +25.75 | $60 |
| TBV excl. AOCI ($M)** | ▲ | $144 | +33.88 | $110 |
| Loan / Deposit Ratio (%) | ▼ | 6.16% | -4.31 | 10.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.01 | 0.11% |
| Allowance / Loans (%) | — | 2.03% | -1.59% | 3.62% |
| Net Charge-Off Ratio (%) | ▼ | 1.64% | +0.60 | 1.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.70% | -2.02 | 20.72% |
Noninterest income ($3.13M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▅▅▄▁▁ | Net Interest Margin (%) | 3.80% | 3.70% | 3.23% | 3.06% | 2.92% | 2.70% | 1.93% | 1.90% |
| ▂▅▁▁▂▃██ | Return on Assets (%) | 0.51% | 1.23% | 0.22% | 0.36% | 0.61% | 0.67% | 1.97% | 1.90% |
| ▁▁█▄▄▄▁▁ | Efficiency Ratio (%) | 28.2% | 32.2% | 78.1% | 52.9% | 51.2% | 48.7% | 29.1% | 30.6% |
| ▁▁▂▆▆███ | Cost of Funds (%) | 2.68% | 2.75% | 2.85% | 3.20% | 3.22% | 3.38% | 3.35% | 3.41% |
| █▆▂▂▁▁▃▁ | NPA / Assets (%) | 0.23% | 0.18% | 0.12% | 0.11% | 0.09% | 0.09% | 0.13% | 0.10% |
| ▂▂▁▁▁▃█▅ | Net Charge-Off Ratio (%) | 1.18% | 1.09% | 0.94% | 1.04% | 1.02% | 1.24% | 2.11% | 1.64% |
| ▁▁▃▄▆▇▆█ | Tang. Book Value ($M) | $48 | $43 | $57 | $60 | $72 | $78 | $74 | $86 |
| █▇▆▄▃▂▁▁ | Gross Loans ($M) | $157 | $144 | $128 | $116 | $103 | $90 | $80 | $76 |
| ▁▂▄▆▇▇██ | Total Deposits ($M) | $770 | $850 | $980 | $1,063 | $1,098 | $1,142 | $1,203 | $1,207 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 25% |
| C&I / Commercial | 8% |
| Consumer | 43% |
| Other | 23% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 8% |
| Brokered / Other | 90% |