Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.44% | +0.40 | 1.05% |
| Return on Equity (%) | ▲ | 21.26% | +2.44 | 18.82% |
| Net Interest Margin (%) | ▲ | 3.03% | +0.54 | 2.50% |
| Efficiency Ratio (%) | ▲ | 56.91% | -6.41 | 63.32% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.96 | $2 |
| Cost of Funds (%) | ▲ | 1.38% | -0.22 | 1.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $844 | -12.33 | $856 |
| Gross Loans ($M) | ▲ | $485 | +31.12 | $454 |
| Loan Growth YoY (%) | ▲ | 61.34% | +5.39 | 55.95% |
| Total Deposits ($M) | ▼ | $782 | -20.51 | $802 |
| Shareholders Equity ($M) | ▲ | $57 | +7.77 | $50 |
| Tang. Book Value ($M) | ▲ | $55 | +8.00 | $47 |
| TBV excl. AOCI ($M)** | ▲ | $71 | +8.13 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 61.34% | +5.39 | 55.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.11 | 0.00% |
| Allowance / Loans (%) | — | 1.08% | 0.03% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 0.20% | +0.20 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.16% | +0.18 | 14.98% |
Noninterest income ($1.04M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▄▅██ | Net Interest Margin (%) | 2.17% | 2.21% | 2.49% | 2.50% | 2.56% | 2.70% | 2.96% | 3.03% |
| ▁▁▃▄▄▅██ | Return on Assets (%) | 0.77% | 0.82% | 1.02% | 1.05% | 1.10% | 1.18% | 1.37% | 1.44% |
| ██▅▄▃▂▁▁ | Efficiency Ratio (%) | 70.6% | 69.2% | 64.4% | 63.3% | 61.5% | 59.9% | 58.5% | 56.9% |
| █▇▄▄▄▃▁▁ | Cost of Funds (%) | 1.96% | 1.86% | 1.61% | 1.60% | 1.64% | 1.57% | 1.39% | 1.38% |
| ▁▁▁▁▁▆██ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.12% | 0.11% |
| ▁▁▁▁▁▆██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.14% | 0.21% | 0.20% |
| ▄▁▄▄████ | Tang. Book Value ($M) | $47 | $39 | $47 | $47 | $55 | $56 | $55 | $55 |
| ▁▂▁▃▆███ | Gross Loans ($M) | $446 | $447 | $441 | $454 | $471 | $483 | $482 | $485 |
| ▁▁▁▇█▁▄▁ | Total Deposits ($M) | $782 | $779 | $782 | $802 | $809 | $782 | $792 | $782 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 19% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 10% |