Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.01% | +0.18 | 1.83% |
| Return on Equity (%) | ▲ | 23.58% | +0.75 | 22.83% |
| Net Interest Margin (%) | ▲ | 4.74% | +0.14 | 4.59% |
| Efficiency Ratio (%) | ▲ | 43.95% | -3.04 | 46.98% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.46 | $2 |
| Cost of Funds (%) | ▲ | 1.76% | -0.09 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $351 | +43.30 | $308 |
| Gross Loans ($M) | ▲ | $280 | +38.81 | $241 |
| Loan Growth YoY (%) | ▲ | 95.19% | +1.09 | 94.11% |
| Total Deposits ($M) | ▲ | $290 | +37.06 | $252 |
| Shareholders Equity ($M) | ▲ | $31 | +5.25 | $25 |
| Tang. Book Value ($M) | ▲ | $28 | +5.04 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +5.26 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 95.19% | +1.09 | 94.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Allowance / Loans (%) | — | 1.44% | 0.10% | 1.34% |
| Net Charge-Off Ratio (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.24% | +0.19 | 10.06% |
Noninterest income ($0.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆▇▆▇█ | Net Interest Margin (%) | 4.36% | 4.39% | 4.50% | 4.59% | 4.65% | 4.63% | 4.66% | 4.74% |
| ▁▃▃▅▅▄▇█ | Return on Assets (%) | 1.64% | 1.75% | 1.74% | 1.83% | 1.87% | 1.81% | 1.97% | 2.01% |
| ▇▅█▅▄▃▂▁ | Efficiency Ratio (%) | 48.4% | 46.9% | 49.2% | 47.0% | 46.3% | 45.9% | 45.0% | 43.9% |
| ▇█▂▅▅▃▂▁ | Cost of Funds (%) | 1.88% | 1.91% | 1.78% | 1.85% | 1.84% | 1.81% | 1.79% | 1.76% |
| ▁▁▁▁▁█▁▁ | NPA / Assets (%) | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% | 0.23% | 0.02% | 0.02% |
| ▁▁▁▁▁█▁▁ | Net Charge-Off Ratio (%) | 0.03% | 0.03% | 0.00% | 0.00% | 0.00% | 0.29% | 0.02% | 0.02% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $20 | $20 | $21 | $23 | $25 | $26 | $26 | $28 |
| ▁▁▃▄▅▇▇█ | Gross Loans ($M) | $213 | $218 | $232 | $241 | $248 | $265 | $268 | $280 |
| ▂▁▃▄▆▇██ | Total Deposits ($M) | $237 | $229 | $251 | $252 | $271 | $279 | $285 | $290 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 16% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 11% |