Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.57 | 0.60% |
| Return on Equity (%) | ▲ | 12.63% | +5.66 | 6.97% |
| Net Interest Margin (%) | ▲ | 3.33% | +0.54 | 2.78% |
| Efficiency Ratio (%) | ▲ | 66.87% | -10.97 | 77.83% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.44 | $1 |
| Cost of Funds (%) | ▲ | 0.95% | -0.12 | 1.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $582 | +9.34 | $572 |
| Gross Loans ($M) | ▲ | $328 | +31.39 | $297 |
| Loan Growth YoY (%) | ▲ | 61.80% | +5.09 | 56.72% |
| Total Deposits ($M) | ▲ | $525 | +7.98 | $517 |
| Shareholders Equity ($M) | ▲ | $54 | +1.70 | $52 |
| Tang. Book Value ($M) | ▲ | $52 | +1.77 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $62 | +1.58 | $61 |
| Loan / Deposit Ratio (%) | ▲ | 61.80% | +5.09 | 56.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Allowance / Loans (%) | — | 1.15% | -0.07% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.04 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.63% | -0.99 | 18.62% |
Noninterest income ($2.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▃▄▇█ | Net Interest Margin (%) | 2.53% | 2.57% | 2.78% | 2.78% | 2.82% | 2.90% | 3.21% | 3.33% |
| ▁▁▂▂▃▅▅█ | Return on Assets (%) | 0.50% | 0.44% | 0.61% | 0.60% | 0.67% | 0.82% | 0.81% | 1.18% |
| ██▅▅▄▃▂▁ | Efficiency Ratio (%) | 86.0% | 87.2% | 77.8% | 77.8% | 75.9% | 73.1% | 71.6% | 66.9% |
| █▇▅▅▇▅▁▁ | Cost of Funds (%) | 1.18% | 1.15% | 1.07% | 1.07% | 1.12% | 1.07% | 0.95% | 0.95% |
| █▄▁▁▁▁▆▆ | NPA / Assets (%) | 0.03% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% |
| █▅▁▁▁▁▆▆ | Net Charge-Off Ratio (%) | 0.06% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.04% |
| ▃▁▄▆▆███ | Tang. Book Value ($M) | $46 | $44 | $48 | $50 | $51 | $53 | $53 | $52 |
| ▃▁▁▁▃▅▆█ | Gross Loans ($M) | $302 | $293 | $296 | $297 | $303 | $314 | $319 | $328 |
| ▁▄▁▁▁█▃▃ | Total Deposits ($M) | $517 | $527 | $518 | $517 | $518 | $540 | $523 | $525 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 3% |