Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.77% | +0.16 | 1.62% |
| Return on Equity (%) | ▲ | 21.72% | +2.18 | 19.54% |
| Net Interest Margin (%) | ▼ | 3.55% | -0.10 | 3.65% |
| Efficiency Ratio (%) | ▲ | 66.40% | -0.57 | 66.97% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.50 | $2 |
| Cost of Funds (%) | ▲ | 1.55% | -0.05 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $499 | +82.40 | $417 |
| Gross Loans ($M) | ▲ | $330 | +15.23 | $315 |
| Loan Growth YoY (%) | ▼ | 71.56% | -14.03 | 85.60% |
| Total Deposits ($M) | ▲ | $455 | +92.26 | $363 |
| Shareholders Equity ($M) | ▲ | $40 | +4.67 | $36 |
| Tang. Book Value ($M) | ▲ | $40 | +4.57 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +5.30 | $39 |
| Loan / Deposit Ratio (%) | ▼ | 71.56% | -14.03 | 85.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.02% | 0.00 | 0.02% |
| Allowance / Loans (%) | — | 1.19% | -0.00% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.03% | +0.00 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.56% | +0.16 | 13.40% |
Noninterest income ($2.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▇██▁▄ | Net Interest Margin (%) | 3.39% | 3.41% | 3.50% | 3.65% | 3.73% | 3.72% | 3.42% | 3.55% |
| ▁▂▅▆▇▇▆█ | Return on Assets (%) | 1.30% | 1.39% | 1.55% | 1.62% | 1.70% | 1.71% | 1.61% | 1.77% |
| █▇▁▂▂▃▅▁ | Efficiency Ratio (%) | 70.6% | 69.8% | 65.9% | 67.0% | 66.8% | 67.3% | 68.7% | 66.4% |
| █▃▅▆▄▁▄▄ | Cost of Funds (%) | 1.65% | 1.55% | 1.59% | 1.60% | 1.57% | 1.49% | 1.55% | 1.55% |
| ▁▁▁██▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% | 0.00% | 0.00% | 0.02% |
| ▁▁▁▇▇▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.03% | 0.03% | 0.00% | 0.00% | 0.03% |
| ▁▁▃▃▆▇▇█ | Tang. Book Value ($M) | $33 | $33 | $35 | $35 | $38 | $38 | $38 | $40 |
| ▁▁▄▆▅▄▅█ | Gross Loans ($M) | $282 | $287 | $302 | $315 | $306 | $302 | $311 | $330 |
| ▁▃▁▁▂▆▆█ | Total Deposits ($M) | $365 | $387 | $373 | $363 | $385 | $430 | $429 | $455 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 8% |
| Consumer | 3% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 12% |