Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.57% | +0.15 | 2.42% |
| Return on Equity (%) | ▲ | 19.59% | +0.25 | 19.34% |
| Net Interest Margin (%) | ▲ | 3.58% | +0.12 | 3.46% |
| Efficiency Ratio (%) | ▲ | 41.17% | -0.17 | 41.34% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.38 | $3 |
| Cost of Funds (%) | ▲ | 1.53% | -0.09 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $427 | +24.30 | $402 |
| Gross Loans ($M) | ▲ | $248 | +4.34 | $243 |
| Loan Growth YoY (%) | ▼ | 66.10% | -2.57 | 68.67% |
| Total Deposits ($M) | ▲ | $368 | +20.10 | $348 |
| Shareholders Equity ($M) | ▲ | $57 | +5.34 | $52 |
| Tang. Book Value ($M) | ▲ | $57 | +5.34 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $64 | +6.25 | $58 |
| Loan / Deposit Ratio (%) | ▼ | 66.10% | -2.57 | 68.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.11 | 0.00% |
| Allowance / Loans (%) | — | 1.88% | -0.04% | 1.92% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.19 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▇█▇▇█ | Net Interest Margin (%) | 2.75% | 2.84% | 3.29% | 3.46% | 3.51% | 3.37% | 3.45% | 3.58% |
| ▁▁▅▇▇█▅█ | Return on Assets (%) | 1.82% | 1.79% | 2.18% | 2.42% | 2.47% | 2.54% | 2.27% | 2.57% |
| ▆█▄▁▁▁▆▁ | Efficiency Ratio (%) | 46.6% | 49.2% | 45.2% | 41.3% | 42.1% | 41.8% | 47.1% | 41.2% |
| █▅▄▂▃▇▂▁ | Cost of Funds (%) | 2.10% | 1.85% | 1.81% | 1.62% | 1.71% | 2.01% | 1.66% | 1.53% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.11% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.19% |
| ▁▁▂▄▅▆▇█ | Tang. Book Value ($M) | $48 | $49 | $50 | $52 | $54 | $54 | $55 | $57 |
| ▁▂▃▅▄█▆▇ | Gross Loans ($M) | $234 | $236 | $239 | $243 | $241 | $250 | $246 | $248 |
| ▁▄▂▃▃█▇█ | Total Deposits ($M) | $336 | $352 | $343 | $348 | $347 | $371 | $362 | $368 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 12% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 13% |