Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.90% | +0.02 | 0.88% |
| Return on Equity (%) | ▼ | 7.59% | -0.75 | 8.34% |
| Net Interest Margin (%) | ▲ | 3.76% | +0.31 | 3.45% |
| Efficiency Ratio (%) | ▼ | 77.29% | +0.73 | 76.56% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.03 | $1 |
| Cost of Funds (%) | ▲ | 0.76% | -0.12 | 0.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $266 | -0.19 | $267 |
| Gross Loans ($M) | ▲ | $156 | +5.24 | $151 |
| Loan Growth YoY (%) | ▲ | 67.29% | +2.11 | 65.18% |
| Total Deposits ($M) | ▲ | $230 | +0.57 | $230 |
| Shareholders Equity ($M) | ▲ | $31 | +1.62 | $30 |
| Tang. Book Value ($M) | ▲ | $31 | +1.62 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $34 | +0.74 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 67.29% | +2.11 | 65.18% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.99% | -0.03% | 1.02% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 23.53% | -0.39 | 23.93% |
Noninterest income ($0.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆▆▆▇█ | Net Interest Margin (%) | 2.91% | 3.00% | 3.31% | 3.45% | 3.48% | 3.53% | 3.55% | 3.76% |
| ▂▁▄▇██▆▇ | Return on Assets (%) | 0.59% | 0.52% | 0.72% | 0.88% | 0.95% | 0.97% | 0.85% | 0.90% |
| ██▆▂▁▁▄▃ | Efficiency Ratio (%) | 80.9% | 80.9% | 79.4% | 76.6% | 75.3% | 75.2% | 77.9% | 77.3% |
| █▆▃▃▁▁▁▁ | Cost of Funds (%) | 1.17% | 1.06% | 0.87% | 0.88% | 0.77% | 0.80% | 0.79% | 0.76% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▂▁▃▅▇███ | Tang. Book Value ($M) | $28 | $27 | $29 | $30 | $31 | $31 | $31 | $31 |
| ▆▄▅▄▂▁▂█ | Gross Loans ($M) | $153 | $151 | $152 | $151 | $148 | $147 | $148 | $156 |
| ▆▁█▄█▁▂▅ | Total Deposits ($M) | $231 | $226 | $233 | $230 | $233 | $227 | $227 | $230 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 44% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 6% |