Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.24% | +0.20 | 1.04% |
| Return on Equity (%) | ▲ | 13.81% | +0.86 | 12.95% |
| Net Interest Margin (%) | ▲ | 4.54% | +0.38 | 4.16% |
| Efficiency Ratio (%) | ▲ | 66.79% | -1.74 | 68.53% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.19 | $2 |
| Cost of Funds (%) | ▲ | 1.41% | -0.24 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $566 | +14.83 | $551 |
| Gross Loans ($M) | ▲ | $395 | +28.70 | $366 |
| Loan Growth YoY (%) | ▲ | 76.50% | +4.38 | 72.12% |
| Total Deposits ($M) | ▲ | $509 | +8.95 | $500 |
| Shareholders Equity ($M) | ▲ | $52 | +6.06 | $46 |
| Tang. Book Value ($M) | ▲ | $51 | +5.97 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $57 | +5.83 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 76.50% | +4.38 | 72.12% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.42% | +0.09 | 0.32% |
| Allowance / Loans (%) | — | 1.31% | -0.12% | 1.44% |
| Net Charge-Off Ratio (%) | ▼ | 0.60% | +0.11 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.16M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▇█ | Net Interest Margin (%) | 4.00% | 4.03% | 4.03% | 4.16% | 4.23% | 4.32% | 4.47% | 4.54% |
| ▁▁▁▃▄▅██ | Return on Assets (%) | 0.96% | 0.99% | 0.96% | 1.04% | 1.09% | 1.13% | 1.21% | 1.24% |
| ▂▄█▄▃▅▁▁ | Efficiency Ratio (%) | 67.5% | 68.6% | 70.6% | 68.5% | 68.1% | 69.0% | 66.7% | 66.8% |
| ██▆▆▅▃▁▁ | Cost of Funds (%) | 1.78% | 1.79% | 1.68% | 1.65% | 1.59% | 1.50% | 1.37% | 1.41% |
| █▂▁▁▁▅▅▄ | NPA / Assets (%) | 0.52% | 0.36% | 0.33% | 0.32% | 0.34% | 0.43% | 0.43% | 0.42% |
| █▂▁▁▂▅▅▄ | Net Charge-Off Ratio (%) | 0.74% | 0.52% | 0.48% | 0.48% | 0.52% | 0.61% | 0.63% | 0.60% |
| ▂▁▂▄▆▇▇█ | Tang. Book Value ($M) | $44 | $42 | $43 | $45 | $49 | $49 | $49 | $51 |
| ▃▁▃▂▁▆▆█ | Gross Loans ($M) | $371 | $363 | $372 | $366 | $361 | $383 | $386 | $395 |
| ▁▂▅▆▅▅██ | Total Deposits ($M) | $479 | $483 | $497 | $500 | $496 | $497 | $507 | $509 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 16% |