Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.08% | +0.10 | -0.02% |
| Return on Equity (%) | ▲ | 0.69% | +0.90 | -0.21% |
| Net Interest Margin (%) | ▲ | 2.85% | +0.28 | 2.57% |
| Efficiency Ratio (%) | ▲ | 90.55% | -13.56 | 104.11% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.35 | $0 |
| Cost of Funds (%) | ▲ | 2.47% | -0.53 | 3.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $638 | -23.86 | $662 |
| Gross Loans ($M) | ▼ | $458 | -37.67 | $495 |
| Loan Growth YoY (%) | ▼ | 84.41% | -5.27 | 89.68% |
| Total Deposits ($M) | ▼ | $536 | -9.65 | $545 |
| Shareholders Equity ($M) | ▲ | $77 | +0.54 | $76 |
| Tang. Book Value ($M) | ▲ | $72 | +0.56 | $72 |
| Loan / Deposit Ratio (%) | ▼ | 84.41% | -5.27 | 89.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.70% | +1.55 | 1.15% |
| Allowance / Loans (%) | — | 1.19% | -0.07% | 1.27% |
| Net Charge-Off Ratio (%) | ▼ | 2.03% | +0.73 | 1.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.41% | +0.59 | 13.82% |
Noninterest income ($0.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃▅▆▇▆█ | Net Interest Margin (%) | 2.26% | 2.42% | 2.41% | 2.57% | 2.65% | 2.71% | 2.64% | 2.85% |
| ▁▁▃▇▆▇▅█ | Return on Assets (%) | -0.48% | -0.51% | -0.36% | -0.02% | -0.07% | -0.03% | -0.19% | 0.08% |
| ▇█▆▃▃▂▂▁ | Efficiency Ratio (%) | 122.4% | 128.6% | 118.8% | 104.1% | 102.7% | 97.2% | 96.1% | 90.5% |
| ▇█▄▄▃▂▁▁ | Cost of Funds (%) | 3.40% | 3.69% | 2.99% | 3.00% | 2.89% | 2.73% | 2.55% | 2.47% |
| ▂▂▁▁▁▄█▄ | NPA / Assets (%) | 1.64% | 1.80% | 0.91% | 1.15% | 1.26% | 2.75% | 4.65% | 2.70% |
| ▁▁▁▁▁██▄ | Net Charge-Off Ratio (%) | 1.02% | 1.04% | 1.01% | 1.29% | 1.25% | 3.61% | 3.31% | 2.03% |
| ▁▆▄▇▆▇▆█ | Tang. Book Value ($M) | $70 | $71 | $71 | $72 | $72 | $72 | $71 | $72 |
| █▃▃▂▂▂▁▁ | Gross Loans ($M) | $694 | $520 | $521 | $495 | $497 | $485 | $453 | $458 |
| █▂▂▁▁▁▁▁ | Total Deposits ($M) | $803 | $576 | $572 | $545 | $557 | $556 | $551 | $536 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 11% |