Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.97% | +0.85 | 0.12% |
| Return on Equity (%) | ▲ | 9.95% | +8.72 | 1.23% |
| Net Interest Margin (%) | ▲ | 4.17% | +0.44 | 3.73% |
| Efficiency Ratio (%) | ▲ | 70.33% | -18.61 | 88.94% |
| Pre-Provision Profit ($M) | ▲ | $4 | +2.57 | $1 |
| Cost of Funds (%) | ▲ | 1.50% | -0.61 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,058 | +315.39 | $742 |
| Gross Loans ($M) | ▲ | $788 | +225.04 | $563 |
| Loan Growth YoY (%) | ▼ | 83.49% | -2.65 | 86.14% |
| Total Deposits ($M) | ▲ | $935 | +288.60 | $646 |
| Shareholders Equity ($M) | ▲ | $95 | +23.63 | $71 |
| Tang. Book Value ($M) | ▲ | $86 | +24.33 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $87 | +24.20 | $63 |
| Loan / Deposit Ratio (%) | ▼ | 83.49% | -2.65 | 86.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -0.15 | 0.33% |
| Allowance / Loans (%) | — | 0.95% | -0.16% | 1.10% |
| Net Charge-Off Ratio (%) | ▲ | 0.24% | -0.19 | 0.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.87% | +1.04 | 10.83% |
Noninterest income ($3.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▂▂▃█▇ | Net Interest Margin (%) | 3.72% | 3.78% | 3.63% | 3.73% | 3.74% | 3.84% | 4.31% | 4.17% |
| ▆▅▄▃▁▂██ | Return on Assets (%) | 0.59% | 0.43% | 0.15% | 0.12% | -0.35% | -0.07% | 0.96% | 0.97% |
| ▃▄▅▅█▇▁▁ | Efficiency Ratio (%) | 79.8% | 84.1% | 92.7% | 88.9% | 108.4% | 98.8% | 68.6% | 70.3% |
| ▇█▆▇▅▄▂▁ | Cost of Funds (%) | 2.13% | 2.30% | 2.09% | 2.11% | 1.99% | 1.80% | 1.60% | 1.50% |
| ▄▄█▆▅▁▁▃ | NPA / Assets (%) | 0.24% | 0.24% | 0.43% | 0.33% | 0.30% | 0.11% | 0.08% | 0.18% |
| ▄▃█▇▇▂▁▃ | Net Charge-Off Ratio (%) | 0.26% | 0.23% | 0.49% | 0.43% | 0.39% | 0.16% | 0.10% | 0.24% |
| ▁▁▁▂▇▇██ | Tang. Book Value ($M) | $55 | $55 | $55 | $61 | $79 | $81 | $83 | $86 |
| ▁▂▂▃▅▄▆█ | Gross Loans ($M) | $441 | $495 | $510 | $563 | $626 | $601 | $694 | $788 |
| ▁▁▁▂▄▅▅█ | Total Deposits ($M) | $558 | $556 | $572 | $646 | $716 | $774 | $782 | $935 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 15% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 17% |