Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.80% | -0.19 | 0.99% |
| Return on Equity (%) | ▼ | 9.91% | -4.84 | 14.75% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.09 | 3.27% |
| Efficiency Ratio (%) | ▼ | 73.08% | +10.29 | 62.79% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.94 | $2 |
| Cost of Funds (%) | ▼ | 1.34% | +0.16 | 1.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $592 | -66.75 | $659 |
| Gross Loans ($M) | ▲ | $372 | +28.31 | $344 |
| Loan Growth YoY (%) | ▲ | 68.10% | +11.96 | 56.14% |
| Total Deposits ($M) | ▼ | $540 | -65.48 | $605 |
| Shareholders Equity ($M) | ▲ | $49 | +4.36 | $45 |
| Tang. Book Value ($M) | ▲ | $49 | +4.39 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +3.94 | $47 |
| Loan / Deposit Ratio (%) | ▲ | 68.10% | +11.96 | 56.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.00 | 0.03% |
| Allowance / Loans (%) | — | 1.14% | 0.05% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.01 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.68% | -0.23 | 14.91% |
Noninterest income ($0.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▅▁▆██▄█ | Net Interest Margin (%) | 3.09% | 3.24% | 3.12% | 3.27% | 3.34% | 3.36% | 3.22% | 3.37% |
| ▆▇▃▇█▇▁▃ | Return on Assets (%) | 0.96% | 1.03% | 0.82% | 0.99% | 1.08% | 1.00% | 0.70% | 0.80% |
| ▄▄▄▁▁▃██ | Efficiency Ratio (%) | 67.8% | 66.5% | 66.6% | 62.8% | 62.2% | 65.2% | 73.4% | 73.1% |
| ▄█▄▁██▆▆ | Cost of Funds (%) | 1.26% | 1.38% | 1.26% | 1.18% | 1.40% | 1.38% | 1.34% | 1.34% |
| ▆██▂▇▂▁▁ | NPA / Assets (%) | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| ███▅▅▂▁▁ | Net Charge-Off Ratio (%) | 0.06% | 0.06% | 0.06% | 0.05% | 0.06% | 0.05% | 0.04% | 0.04% |
| ▁▂▃▄▆▇▇█ | Tang. Book Value ($M) | $41 | $42 | $43 | $44 | $46 | $47 | $47 | $49 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $319 | $327 | $337 | $344 | $352 | $354 | $370 | $372 |
| ▆▅▆█▁▁▂▁ | Total Deposits ($M) | $587 | $576 | $586 | $605 | $540 | $532 | $546 | $540 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 4% |
| Consumer | 3% |
| Other | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 3% |