Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.05% | +0.09 | 1.96% |
| Return on Equity (%) | ▲ | 15.96% | +0.09 | 15.87% |
| Net Interest Margin (%) | ▲ | 5.35% | +0.19 | 5.16% |
| Efficiency Ratio (%) | ▲ | 51.06% | -1.40 | 52.46% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.15 | $2 |
| Cost of Funds (%) | ▲ | 0.91% | -0.00 | 0.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $255 | +14.81 | $241 |
| Gross Loans ($M) | ▲ | $184 | +14.80 | $169 |
| Loan Growth YoY (%) | ▲ | 86.51% | +2.30 | 84.21% |
| Total Deposits ($M) | ▲ | $210 | +11.71 | $198 |
| Shareholders Equity ($M) | ▲ | $33 | +3.29 | $30 |
| Tang. Book Value ($M) | ▲ | $33 | +3.29 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +3.01 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 86.51% | +2.30 | 84.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.00 | 0.04% |
| Allowance / Loans (%) | — | 1.15% | -0.03% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.00 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▄▆▆▇█ | Net Interest Margin (%) | 5.00% | 5.07% | 5.14% | 5.16% | 5.23% | 5.25% | 5.28% | 5.35% |
| ▆▁▂▅█▃▆█ | Return on Assets (%) | 1.98% | 1.80% | 1.85% | 1.96% | 2.09% | 1.87% | 1.99% | 2.05% |
| ▂█▇▄▁▇▃▂ | Efficiency Ratio (%) | 50.8% | 55.7% | 54.5% | 52.5% | 50.0% | 54.9% | 51.8% | 51.1% |
| ██▁▂▅▅▂▂ | Cost of Funds (%) | 1.15% | 1.15% | 0.84% | 0.91% | 1.01% | 1.01% | 0.92% | 0.91% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 1.11% | 0.00% | 0.00% | 0.04% | 0.03% | 0.04% | 0.03% | 0.03% |
| █▁▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 1.72% | 0.00% | 0.00% | 0.05% | 0.05% | 0.06% | 0.05% | 0.05% |
| ▁▁▂▄▆▆▇█ | Tang. Book Value ($M) | $28 | $28 | $29 | $30 | $31 | $32 | $32 | $33 |
| ▃▁▃▅▄▄▆█ | Gross Loans ($M) | $161 | $150 | $163 | $169 | $166 | $164 | $173 | $184 |
| ▂▁▁▂█▆▄█ | Total Deposits ($M) | $199 | $196 | $196 | $198 | $211 | $206 | $203 | $210 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 47% |
| Interest-Bearing (core) | 42% |
| Brokered / Other | 11% |