Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.79% | -0.02 | 0.81% |
| Return on Equity (%) | ▼ | 12.55% | -4.26 | 16.81% |
| Net Interest Margin (%) | ▲ | 3.11% | +0.14 | 2.97% |
| Efficiency Ratio (%) | ▼ | 76.83% | +0.86 | 75.97% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.05 | $1 |
| Cost of Funds (%) | ▲ | 0.92% | -0.06 | 0.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $595 | +20.23 | $575 |
| Gross Loans ($M) | ▲ | $282 | +11.31 | $270 |
| Loan Growth YoY (%) | ▲ | 50.62% | +1.06 | 49.56% |
| Total Deposits ($M) | ▲ | $553 | +11.08 | $542 |
| Shareholders Equity ($M) | ▲ | $39 | +9.56 | $29 |
| Tang. Book Value ($M) | ▲ | $36 | +9.56 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $49 | +9.87 | $39 |
| Loan / Deposit Ratio (%) | ▲ | 50.62% | +1.06 | 49.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.12% | +0.03 | 0.09% |
| Allowance / Loans (%) | — | 0.55% | -0.04% | 0.59% |
| Net Charge-Off Ratio (%) | ▼ | 0.26% | +0.07 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.74% | +0.05 | 21.69% |
Noninterest income ($0.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▇█▆█ | Net Interest Margin (%) | 2.76% | 2.82% | 2.83% | 2.97% | 3.03% | 3.08% | 3.01% | 3.11% |
| ▁▁▁▇██▁▆ | Return on Assets (%) | 0.63% | 0.63% | 0.64% | 0.81% | 0.84% | 0.83% | 0.64% | 0.79% |
| ▆▆▇▂▁▂█▃ | Efficiency Ratio (%) | 79.7% | 79.9% | 80.7% | 76.0% | 75.1% | 76.0% | 81.6% | 76.8% |
| ▆██▃▃▃▁▁ | Cost of Funds (%) | 1.03% | 1.09% | 1.07% | 0.99% | 0.97% | 0.98% | 0.94% | 0.92% |
| ▅▆▇▄▃▁▃█ | NPA / Assets (%) | 0.10% | 0.11% | 0.11% | 0.09% | 0.09% | 0.07% | 0.08% | 0.12% |
| ▆▇▇▄▃▁▃█ | Net Charge-Off Ratio (%) | 0.22% | 0.23% | 0.24% | 0.19% | 0.18% | 0.15% | 0.18% | 0.26% |
| ▄▁▂▃▆█▇█ | Tang. Book Value ($M) | $29 | $23 | $25 | $26 | $32 | $35 | $34 | $36 |
| ▁▁▁▃▆▅▇█ | Gross Loans ($M) | $266 | $265 | $266 | $270 | $277 | $275 | $278 | $282 |
| ▄▁▁▂▄▄█▆ | Total Deposits ($M) | $547 | $536 | $536 | $542 | $549 | $546 | $563 | $553 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 4% |