Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.15% | +0.35 | 1.80% |
| Return on Equity (%) | ▲ | 26.33% | +1.19 | 25.14% |
| Net Interest Margin (%) | ▲ | 4.84% | +0.17 | 4.67% |
| Efficiency Ratio (%) | ▲ | 59.30% | -4.26 | 63.56% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.17 | $1 |
| Cost of Funds (%) | ▲ | 0.67% | -0.06 | 0.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $229 | +2.39 | $226 |
| Gross Loans ($M) | ▲ | $152 | +8.26 | $144 |
| Loan Growth YoY (%) | ▲ | 82.83% | +5.04 | 77.79% |
| Total Deposits ($M) | ▼ | $182 | -1.22 | $183 |
| Shareholders Equity ($M) | ▲ | $19 | +2.54 | $16 |
| Tang. Book Value ($M) | ▲ | $17 | +2.54 | $15 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +2.59 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 82.83% | +5.04 | 77.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.17 | 0.21% |
| Allowance / Loans (%) | — | 0.98% | -0.03% | 1.00% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -0.28 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.04% | +1.29 | 14.75% |
Noninterest income ($0.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▁▃▆▇██ | Net Interest Margin (%) | 4.70% | 4.73% | 4.59% | 4.67% | 4.76% | 4.80% | 4.81% | 4.84% |
| ▃▁▅▅▆▇██ | Return on Assets (%) | 1.59% | 1.26% | 1.73% | 1.80% | 1.93% | 2.00% | 2.19% | 2.15% |
| ▅█▄▃▂▂▁▁ | Efficiency Ratio (%) | 67.3% | 74.1% | 64.8% | 63.6% | 62.0% | 60.9% | 58.6% | 59.3% |
| ▄▆▃▆█▆▁▃ | Cost of Funds (%) | 0.69% | 0.73% | 0.66% | 0.73% | 0.77% | 0.73% | 0.62% | 0.67% |
| ▂▂██▁▁▂▁ | NPA / Assets (%) | 0.05% | 0.05% | 0.22% | 0.21% | 0.02% | 0.02% | 0.04% | 0.04% |
| ▂▂██▁▁▁▁ | Net Charge-Off Ratio (%) | 0.07% | 0.08% | 0.35% | 0.34% | 0.03% | 0.03% | 0.07% | 0.06% |
| ▂▁▃▄▆▇██ | Tang. Book Value ($M) | $14 | $13 | $14 | $15 | $16 | $16 | $17 | $17 |
| ▁▁▁▃▅▅▆█ | Gross Loans ($M) | $140 | $141 | $141 | $144 | $146 | $147 | $148 | $152 |
| ▁▁▃█▂▂▅▇ | Total Deposits ($M) | $175 | $175 | $178 | $183 | $177 | $177 | $179 | $182 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 6% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 2% |