Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.36% | +0.24 | 1.12% |
| Return on Equity (%) | ▲ | 16.12% | +0.42 | 15.70% |
| Net Interest Margin (%) | ▲ | 4.37% | +0.27 | 4.10% |
| Efficiency Ratio (%) | ▲ | 63.93% | -3.45 | 67.39% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.11 | $1 |
| Cost of Funds (%) | ▼ | 1.19% | +0.06 | 1.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $181 | +5.97 | $175 |
| Gross Loans ($M) | ▲ | $102 | +12.05 | $90 |
| Loan Growth YoY (%) | ▲ | 67.37% | +8.21 | 59.16% |
| Total Deposits ($M) | ▼ | $150 | -1.10 | $151 |
| Shareholders Equity ($M) | ▲ | $16 | +2.70 | $13 |
| Tang. Book Value ($M) | ▲ | $16 | +2.70 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +2.34 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 67.37% | +8.21 | 59.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.70% | +0.70 | 0.00% |
| Allowance / Loans (%) | — | 1.01% | 0.31% | 0.70% |
| Net Charge-Off Ratio (%) | ▼ | 1.25% | +1.25 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.62% | +0.33 | 18.29% |
Noninterest income ($0.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▃▅██ | Net Interest Margin (%) | 4.01% | 4.01% | 4.12% | 4.10% | 4.12% | 4.20% | 4.36% | 4.37% |
| ▅▄▆▅▁▃██ | Return on Assets (%) | 1.16% | 1.11% | 1.22% | 1.12% | 0.84% | 1.01% | 1.40% | 1.36% |
| ▇█▆▇█▇▁▃ | Efficiency Ratio (%) | 67.4% | 68.4% | 66.4% | 67.4% | 67.9% | 67.0% | 61.5% | 63.9% |
| ▁▆█▅█▆▃▆ | Cost of Funds (%) | 0.95% | 1.19% | 1.30% | 1.13% | 1.30% | 1.20% | 1.05% | 1.19% |
| ▁▁▁▁▁███ | NPA / Assets (%) | 0.03% | 0.00% | 0.02% | 0.00% | 0.00% | 0.68% | 0.70% | 0.70% |
| ▁▁▁▁▁███ | Net Charge-Off Ratio (%) | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 1.31% | 1.27% | 1.25% |
| ▂▁▃▄▅▇██ | Tang. Book Value ($M) | $12 | $11 | $13 | $13 | $14 | $15 | $16 | $16 |
| ▁▁▃▅▆▇██ | Gross Loans ($M) | $76 | $78 | $83 | $90 | $94 | $97 | $100 | $102 |
| ▆▄█▂▁█▇▁ | Total Deposits ($M) | $158 | $155 | $163 | $151 | $148 | $163 | $161 | $150 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 3% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 11% |