Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.27 | 1.02% |
| Return on Equity (%) | ▲ | 12.78% | +2.15 | 10.63% |
| Net Interest Margin (%) | ▲ | 3.77% | +0.28 | 3.49% |
| Efficiency Ratio (%) | ▲ | 62.37% | -3.40 | 65.77% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.96 | $4 |
| Cost of Funds (%) | ▲ | 1.42% | -0.18 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,062 | +23.44 | $1,039 |
| Gross Loans ($M) | ▲ | $864 | +45.88 | $818 |
| Loan Growth YoY (%) | ▲ | 95.79% | +1.99 | 93.80% |
| Total Deposits ($M) | ▲ | $893 | +28.99 | $864 |
| Shareholders Equity ($M) | ▲ | $111 | +9.69 | $101 |
| Tang. Book Value ($M) | ▲ | $108 | +9.79 | $98 |
| TBV excl. AOCI ($M)** | ▲ | $112 | +10.41 | $102 |
| Loan / Deposit Ratio (%) | ▲ | 95.79% | +1.99 | 93.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.05% | +0.01 | 0.04% |
| Allowance / Loans (%) | — | 1.06% | 0.05% | 1.01% |
| Net Charge-Off Ratio (%) | ▼ | 0.06% | +0.01 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.16M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆▆█ | Net Interest Margin (%) | 3.27% | 3.30% | 3.40% | 3.49% | 3.54% | 3.61% | 3.61% | 3.77% |
| ▁▁▃▄▅▆▆█ | Return on Assets (%) | 0.83% | 0.84% | 0.99% | 1.02% | 1.10% | 1.13% | 1.15% | 1.29% |
| ██▄▃▂▂▂▁ | Efficiency Ratio (%) | 71.7% | 71.5% | 66.5% | 65.8% | 64.0% | 64.0% | 64.1% | 62.4% |
| █▆▃▄▃▂▁▁ | Cost of Funds (%) | 1.91% | 1.75% | 1.60% | 1.61% | 1.60% | 1.52% | 1.44% | 1.42% |
| ▁█▄▁▅▃▂▂ | NPA / Assets (%) | 0.02% | 0.22% | 0.10% | 0.04% | 0.12% | 0.09% | 0.05% | 0.05% |
| ▁█▄▁▅▃▂▂ | Net Charge-Off Ratio (%) | 0.02% | 0.26% | 0.13% | 0.05% | 0.15% | 0.11% | 0.07% | 0.06% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $93 | $94 | $96 | $98 | $101 | $104 | $106 | $108 |
| ▁▁▂▁▇▆▅█ | Gross Loans ($M) | $813 | $813 | $819 | $818 | $853 | $846 | $843 | $864 |
| ▁▁▆▃▅▆█▆ | Total Deposits ($M) | $824 | $822 | $897 | $864 | $885 | $903 | $934 | $893 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 9% |