Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.72% | +0.23 | 0.49% |
| Return on Equity (%) | ▲ | 10.40% | +2.63 | 7.77% |
| Net Interest Margin (%) | ▲ | 4.17% | +0.45 | 3.72% |
| Efficiency Ratio (%) | ▲ | 80.52% | -0.80 | 81.33% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.18 | $1 |
| Cost of Funds (%) | ▲ | 1.44% | -0.25 | 1.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $666 | +38.49 | $628 |
| Gross Loans ($M) | ▲ | $506 | +37.51 | $468 |
| Loan Growth YoY (%) | ▲ | 83.35% | +3.00 | 80.35% |
| Total Deposits ($M) | ▲ | $603 | +25.08 | $578 |
| Shareholders Equity ($M) | ▲ | $46 | +5.69 | $40 |
| Tang. Book Value ($M) | ▲ | $46 | +5.70 | $40 |
| TBV excl. AOCI ($M)** | ▲ | $51 | +6.60 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 83.35% | +3.00 | 80.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.37% | -0.01 | 0.38% |
| Allowance / Loans (%) | — | 0.58% | -0.20% | 0.78% |
| Net Charge-Off Ratio (%) | ▲ | 0.37% | -0.08 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.36% | +0.05 | 11.31% |
Noninterest income ($1.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅██ | Net Interest Margin (%) | 3.52% | 3.55% | 3.64% | 3.72% | 3.77% | 3.87% | 4.18% | 4.17% |
| ▄▄▁▃▅▇██ | Return on Assets (%) | 0.55% | 0.56% | 0.36% | 0.49% | 0.61% | 0.71% | 0.76% | 0.72% |
| ▄▄█▇▅▁▃▅ | Efficiency Ratio (%) | 80.2% | 80.2% | 81.8% | 81.3% | 80.7% | 79.1% | 80.1% | 80.5% |
| ██▇▅▄▂▁▁ | Cost of Funds (%) | 1.86% | 1.91% | 1.81% | 1.68% | 1.65% | 1.55% | 1.45% | 1.44% |
| ▁▁▂▂█▁▁▂ | NPA / Assets (%) | 0.33% | 0.34% | 0.37% | 0.38% | 0.64% | 0.33% | 0.35% | 0.37% |
| ▁▂▃▃█▁▁▁ | Net Charge-Off Ratio (%) | 0.32% | 0.41% | 0.44% | 0.45% | 0.80% | 0.34% | 0.34% | 0.37% |
| ▂▁▁▃▅▇▇█ | Tang. Book Value ($M) | $40 | $38 | $39 | $40 | $43 | $45 | $45 | $46 |
| ▁▁▁▂▄▆▇█ | Gross Loans ($M) | $458 | $462 | $462 | $468 | $476 | $491 | $498 | $506 |
| ▁▄▃▅▆█▆█ | Total Deposits ($M) | $550 | $571 | $565 | $578 | $588 | $597 | $586 | $603 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 14% |
| Consumer | 9% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 8% |