  We study the representation theory of the Soergel calculus algebra $ A_w :=
\mbox{End}_{{\mathcal D}_{(W,S)}} (\underline{w}) $ over $\mathbb C$ in type
$\tilde{A}_1$. We generalize the recent isomorphism between the nil-blob
algebra ${\mathbb{NB}}_n$ and $ A_w $ to deal with the two-parameter blob
algebra. Under this generalization, the two parameters correspond to the two
simple roots for $\tilde{A}_1$. Using this, together with calculations
involving the Jones-Wenzl idempotents for the Temperley-Lieb subalgebra of $
\mathbb{NB}_n$, we obtain a concrete diagonalization of the matrix of the
bilinear form on the cell module $\Delta_w(v) $ for $ A_w $. The entries of the
diagonalized matrices turn out to be products of roots for $\tilde{A}_1$. We
use this to study Jantzen type filtrations of $ \Delta_w(v)$ for $A_w $. We
show that at enriched Grothendieck group level the corresponding sum formula
has terms $ \Delta_w(s_{\alpha }v)[ l(s_{\alpha }v)- l(v)] $, where $[ \cdot ]
$ denotes grading shift.
