Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.19% | +0.05 | 1.14% |
| Return on Equity (%) | ▲ | 10.63% | +0.28 | 10.35% |
| Net Interest Margin (%) | ▲ | 3.51% | +0.15 | 3.36% |
| Efficiency Ratio (%) | ▲ | 60.67% | -0.73 | 61.40% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.07 | $2 |
| Cost of Funds (%) | ▲ | 1.52% | -0.12 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $570 | +30.68 | $539 |
| Gross Loans ($M) | ▲ | $302 | +29.94 | $272 |
| Loan Growth YoY (%) | ▲ | 60.53% | +3.05 | 57.48% |
| Total Deposits ($M) | ▲ | $490 | +25.87 | $464 |
| Shareholders Equity ($M) | ▲ | $66 | +4.55 | $61 |
| Tang. Book Value ($M) | ▲ | $65 | +4.62 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $75 | +5.17 | $70 |
| Loan / Deposit Ratio (%) | ▲ | 60.53% | +3.05 | 57.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Allowance / Loans (%) | — | 1.82% | -0.16% | 1.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.01 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.66% | +0.71 | 18.95% |
Noninterest income ($0.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▃▁▄▅▅▇█ | Net Interest Margin (%) | 3.37% | 3.32% | 3.24% | 3.36% | 3.39% | 3.38% | 3.45% | 3.51% |
| ▃▁▃▆▄▁█▇ | Return on Assets (%) | 1.04% | 0.95% | 1.03% | 1.14% | 1.08% | 0.97% | 1.23% | 1.19% |
| ▇█▄▃▄▆▁▂ | Efficiency Ratio (%) | 66.8% | 69.2% | 63.9% | 61.4% | 63.9% | 65.5% | 58.7% | 60.7% |
| ▂▆█▇▄█▅▁ | Cost of Funds (%) | 1.56% | 1.64% | 1.68% | 1.65% | 1.60% | 1.66% | 1.61% | 1.52% |
| ████▇▆▆▁ | NPA / Assets (%) | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% |
| ████▇▆▆▁ | Net Charge-Off Ratio (%) | 0.03% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.01% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $59 | $58 | $59 | $61 | $62 | $63 | $64 | $65 |
| ▁▁▁▂▅███ | Gross Loans ($M) | $264 | $268 | $266 | $272 | $284 | $302 | $301 | $302 |
| ▁▃▃▂▆█▇▆ | Total Deposits ($M) | $451 | $472 | $468 | $464 | $494 | $510 | $497 | $490 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 6% |