Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.11% | +0.17 | 0.93% |
| Return on Equity (%) | ▲ | 13.75% | +1.02 | 12.73% |
| Net Interest Margin (%) | ▲ | 4.07% | +0.54 | 3.53% |
| Efficiency Ratio (%) | ▲ | 68.30% | -0.05 | 68.36% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.03 | $1 |
| Cost of Funds (%) | ▲ | 1.64% | -0.29 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $246 | +21.62 | $225 |
| Gross Loans ($M) | ▲ | $162 | +5.96 | $156 |
| Loan Growth YoY (%) | ▼ | 76.59% | -3.05 | 79.64% |
| Total Deposits ($M) | ▲ | $210 | +15.68 | $194 |
| Shareholders Equity ($M) | ▲ | $20 | +2.44 | $17 |
| Tang. Book Value ($M) | ▲ | $19 | +2.45 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $22 | +2.76 | $19 |
| Loan / Deposit Ratio (%) | ▼ | 76.59% | -3.05 | 79.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.23 | 0.43% |
| Allowance / Loans (%) | — | 1.03% | -0.12% | 1.15% |
| Net Charge-Off Ratio (%) | ▲ | 0.30% | -0.32 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄█▇ | Net Interest Margin (%) | 3.26% | 3.33% | 3.35% | 3.53% | 3.61% | 3.66% | 4.26% | 4.07% |
| ▁▂▂▃▃▁█▇ | Return on Assets (%) | 0.79% | 0.86% | 0.88% | 0.93% | 0.93% | 0.81% | 1.19% | 1.11% |
| ▇▅▄▁▄█▁▁ | Efficiency Ratio (%) | 72.7% | 71.4% | 70.6% | 68.4% | 70.5% | 74.1% | 67.8% | 68.3% |
| ███▇▅▃▁▁ | Cost of Funds (%) | 2.02% | 2.03% | 2.00% | 1.93% | 1.85% | 1.75% | 1.61% | 1.64% |
| ██▇█▅▁▁▂ | NPA / Assets (%) | 0.45% | 0.42% | 0.41% | 0.43% | 0.31% | 0.18% | 0.16% | 0.20% |
| ████▄▁▁▂ | Net Charge-Off Ratio (%) | 0.64% | 0.62% | 0.60% | 0.62% | 0.43% | 0.27% | 0.24% | 0.30% |
| ▂▁▃▄▆▆▇█ | Tang. Book Value ($M) | $16 | $15 | $16 | $17 | $18 | $18 | $19 | $19 |
| ▁▁▃▄▅▅██ | Gross Loans ($M) | $151 | $152 | $155 | $156 | $157 | $157 | $163 | $162 |
| ▁▃▄▃▁▅▆█ | Total Deposits ($M) | $188 | $196 | $198 | $194 | $189 | $200 | $204 | $210 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 7% |