Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.41% | +0.58 | 0.83% |
| Return on Equity (%) | ▲ | 14.01% | +5.12 | 8.89% |
| Net Interest Margin (%) | ▲ | 4.30% | +0.46 | 3.84% |
| Efficiency Ratio (%) | ▲ | 60.06% | -6.82 | 66.88% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.39 | $4 |
| Cost of Funds (%) | ▲ | 1.46% | -0.18 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,005 | +30.10 | $975 |
| Gross Loans ($M) | ▲ | $826 | +23.00 | $803 |
| Loan Growth YoY (%) | ▲ | 97.75% | +1.71 | 96.03% |
| Total Deposits ($M) | ▲ | $835 | +8.52 | $826 |
| Shareholders Equity ($M) | ▲ | $103 | +11.28 | $92 |
| Tang. Book Value ($M) | ▲ | $103 | +11.46 | $92 |
| TBV excl. AOCI ($M)** | ▲ | $106 | +11.34 | $94 |
| Loan / Deposit Ratio (%) | ▲ | 97.75% | +1.71 | 96.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.04 | 0.06% |
| Allowance / Loans (%) | — | 1.21% | 0.03% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.05 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▇█ | Net Interest Margin (%) | 3.73% | 3.75% | 3.74% | 3.84% | 3.90% | 3.99% | 4.18% | 4.30% |
| ▂▂▁▂▄▄▇█ | Return on Assets (%) | 0.88% | 0.85% | 0.74% | 0.83% | 1.01% | 1.06% | 1.30% | 1.41% |
| ███▆▃▂▂▁ | Efficiency Ratio (%) | 68.9% | 69.3% | 68.5% | 66.9% | 62.6% | 61.7% | 61.5% | 60.1% |
| █▇▄▅▇▃▁▁ | Cost of Funds (%) | 1.80% | 1.71% | 1.60% | 1.64% | 1.74% | 1.54% | 1.43% | 1.46% |
| ▅█▆▄▅▅▃▁ | NPA / Assets (%) | 0.08% | 0.12% | 0.09% | 0.06% | 0.07% | 0.07% | 0.04% | 0.02% |
| ▅█▆▄▄▅▃▁ | Net Charge-Off Ratio (%) | 0.09% | 0.14% | 0.11% | 0.07% | 0.08% | 0.09% | 0.05% | 0.02% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $88 | $89 | $90 | $92 | $96 | $98 | $100 | $103 |
| ▁▂▃▆▇▇▇█ | Gross Loans ($M) | $757 | $769 | $783 | $803 | $812 | $814 | $811 | $826 |
| ▁▃▅▆▆▇█▇ | Total Deposits ($M) | $768 | $791 | $812 | $826 | $826 | $833 | $846 | $835 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 3% |
| Consumer | 31% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 4% |