Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.90% | -0.53 | 1.43% |
| Return on Equity (%) | ▼ | 10.11% | -7.75 | 17.86% |
| Net Interest Margin (%) | ▼ | 3.17% | -0.26 | 3.43% |
| Efficiency Ratio (%) | ▼ | 75.48% | +9.41 | 66.07% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.07 | $1 |
| Cost of Funds (%) | ▲ | 0.57% | -0.04 | 0.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $123 | +14.30 | $108 |
| Gross Loans ($M) | ▲ | $25 | +0.74 | $24 |
| Loan Growth YoY (%) | ▼ | 22.09% | -2.06 | 24.15% |
| Total Deposits ($M) | ▲ | $111 | +12.55 | $98 |
| Shareholders Equity ($M) | ▲ | $11 | +1.52 | $9 |
| Tang. Book Value ($M) | ▲ | $11 | +1.52 | $9 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +1.78 | $12 |
| Loan / Deposit Ratio (%) | ▼ | 22.09% | -2.06 | 24.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.37% | +0.32 | 0.05% |
| Allowance / Loans (%) | — | 1.06% | -0.03% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 1.64% | +1.64 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 42.43% | +8.60 | 33.83% |
Noninterest income ($0.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▅▂▆▇█▁▅ | Net Interest Margin (%) | 2.93% | 3.26% | 2.85% | 3.43% | 3.47% | 3.76% | 2.58% | 3.17% |
| ▄▄▅█▇▄▁▅ | Return on Assets (%) | 0.76% | 0.73% | 0.99% | 1.43% | 1.20% | 0.84% | 0.28% | 0.90% |
| ▄▄▃▁▁▄█▃ | Efficiency Ratio (%) | 76.1% | 77.4% | 75.3% | 66.1% | 68.8% | 78.4% | 91.3% | 75.5% |
| █▅▂▁▂▁▁▁ | Cost of Funds (%) | 0.91% | 0.75% | 0.61% | 0.61% | 0.63% | 0.58% | 0.58% | 0.57% |
| ▆▂▁▁▁▁▁█ | NPA / Assets (%) | 0.26% | 0.10% | 0.06% | 0.05% | 0.05% | 0.05% | 0.07% | 0.37% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 1.64% |
| ▆▁▂▄▅▆▇█ | Tang. Book Value ($M) | $10 | $8 | $9 | $9 | $10 | $10 | $10 | $11 |
| █▇▄▁▄▆▃▄ | Gross Loans ($M) | $26 | $25 | $25 | $24 | $25 | $25 | $24 | $25 |
| ▁▃▃▃▄▄▂█ | Total Deposits ($M) | $93 | $98 | $100 | $98 | $100 | $101 | $97 | $111 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 2% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 49% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 1% |