Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.04% | +0.52 | 1.52% |
| Return on Equity (%) | ▲ | 23.61% | +3.37 | 20.24% |
| Net Interest Margin (%) | ▲ | 4.88% | +0.16 | 4.72% |
| Efficiency Ratio (%) | ▲ | 44.17% | -2.42 | 46.58% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.68 | $3 |
| Cost of Funds (%) | ▲ | 1.00% | -0.00 | 1.00% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $517 | +57.05 | $460 |
| Gross Loans ($M) | ▲ | $348 | +75.19 | $272 |
| Loan Growth YoY (%) | ▲ | 76.77% | +12.57 | 64.21% |
| Total Deposits ($M) | ▲ | $447 | +28.74 | $419 |
| Shareholders Equity ($M) | ▲ | $45 | +8.36 | $37 |
| Tang. Book Value ($M) | ▲ | $45 | +8.38 | $36 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +7.80 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 76.77% | +12.57 | 64.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.06 | 0.05% |
| Allowance / Loans (%) | — | 1.19% | -0.14% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 0.16% | +0.10 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.54% | +1.01 | 13.53% |
Noninterest income ($1.04M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▇▇███ | Net Interest Margin (%) | 4.17% | 4.29% | 4.45% | 4.72% | 4.76% | 4.83% | 4.79% | 4.88% |
| ▁▂▄▂▂▄█▆ | Return on Assets (%) | 1.40% | 1.56% | 1.78% | 1.52% | 1.57% | 1.82% | 2.26% | 2.04% |
| ▆▅█▄▃▁▄▁ | Efficiency Ratio (%) | 47.7% | 47.2% | 50.0% | 46.6% | 45.6% | 43.7% | 46.4% | 44.2% |
| ██▇▁▁▄▄▁ | Cost of Funds (%) | 1.24% | 1.26% | 1.21% | 1.00% | 0.97% | 1.08% | 1.10% | 1.00% |
| ▃█▂▂▂▁▁▃ | NPA / Assets (%) | 0.10% | 0.29% | 0.05% | 0.05% | 0.04% | 0.04% | 0.00% | 0.11% |
| ▃█▂▁▁▁▁▃ | Net Charge-Off Ratio (%) | 0.19% | 0.51% | 0.08% | 0.07% | 0.05% | 0.04% | 0.01% | 0.16% |
| ▁▁▂▄▆▆▇█ | Tang. Book Value ($M) | $32 | $31 | $34 | $36 | $40 | $40 | $43 | $45 |
| ▁▁▁▃▃▇▇█ | Gross Loans ($M) | $254 | $257 | $247 | $272 | $282 | $333 | $330 | $348 |
| ▅▂▁▁▇▃▄█ | Total Deposits ($M) | $435 | $422 | $418 | $419 | $443 | $428 | $431 | $447 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 14% |
| Consumer | 7% |
| Other | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 4% |