Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.92% | -0.51 | 1.43% |
| Return on Equity (%) | ▼ | 7.89% | -3.59 | 11.48% |
| Net Interest Margin (%) | ▼ | 5.15% | -0.30 | 5.45% |
| Efficiency Ratio (%) | ▼ | 71.64% | +7.88 | 63.75% |
| Pre-Provision Profit ($M) | ▼ | $4 | -1.53 | $5 |
| Cost of Funds (%) | ▼ | 1.29% | +0.18 | 1.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $931 | +71.02 | $859 |
| Gross Loans ($M) | ▲ | $723 | +87.91 | $635 |
| Loan Growth YoY (%) | ▲ | 91.13% | +5.60 | 85.54% |
| Total Deposits ($M) | ▲ | $783 | +48.82 | $734 |
| Shareholders Equity ($M) | ▲ | $116 | +8.00 | $108 |
| Tang. Book Value ($M) | ▲ | $109 | +8.04 | $101 |
| TBV excl. AOCI ($M)** | ▲ | $115 | +8.19 | $107 |
| Loan / Deposit Ratio (%) | ▲ | 91.13% | +5.60 | 85.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.54% | +0.46 | 2.08% |
| Allowance / Loans (%) | — | 1.34% | 0.19% | 1.15% |
| Net Charge-Off Ratio (%) | ▼ | 2.26% | +0.59 | 1.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.19% | -1.10 | 14.29% |
Noninterest income ($1.88M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇█▇██▆▁▄ | Net Interest Margin (%) | 5.35% | 5.43% | 5.37% | 5.45% | 5.46% | 5.32% | 4.93% | 5.15% |
| █▇███▇▁▃ | Return on Assets (%) | 1.38% | 1.26% | 1.46% | 1.43% | 1.40% | 1.26% | 0.66% | 0.92% |
| ▂▂▆▁▁▂██ | Efficiency Ratio (%) | 64.2% | 64.3% | 69.3% | 63.8% | 62.9% | 64.9% | 71.4% | 71.6% |
| ▃▆▁▁▁▁█▆ | Cost of Funds (%) | 1.19% | 1.27% | 1.10% | 1.11% | 1.08% | 1.09% | 1.38% | 1.29% |
| ▁▁▄▆█▅▇█ | NPA / Assets (%) | 1.06% | 1.21% | 1.68% | 2.08% | 2.52% | 1.93% | 2.26% | 2.54% |
| ▁▁▇▂██▆▇ | Net Charge-Off Ratio (%) | 1.54% | 1.60% | 2.23% | 1.66% | 2.38% | 2.35% | 2.14% | 2.26% |
| ▁▁▃▄▆▇██ | Tang. Book Value ($M) | $93 | $94 | $98 | $101 | $104 | $106 | $107 | $109 |
| ▁▂▂▃▅▅▇█ | Gross Loans ($M) | $597 | $613 | $622 | $635 | $663 | $661 | $702 | $723 |
| ▂▁▁▂▃█▂▃ | Total Deposits ($M) | $760 | $699 | $710 | $734 | $794 | $965 | $753 | $783 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 36% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 53% |
| Brokered / Other | 10% |