Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.52% | +0.48 | 1.04% |
| Return on Equity (%) | ▲ | 14.27% | +3.79 | 10.48% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.48 | 3.62% |
| Efficiency Ratio (%) | ▲ | 67.99% | -7.86 | 75.86% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.87 | $2 |
| Cost of Funds (%) | ▲ | 1.14% | -0.21 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $776 | +15.03 | $761 |
| Gross Loans ($M) | ▲ | $518 | +23.84 | $494 |
| Loan Growth YoY (%) | ▲ | 74.48% | +2.55 | 71.93% |
| Total Deposits ($M) | ▲ | $687 | +7.67 | $679 |
| Shareholders Equity ($M) | ▲ | $82 | +6.58 | $75 |
| Tang. Book Value ($M) | ▲ | $78 | +6.45 | $72 |
| TBV excl. AOCI ($M)** | ▲ | $87 | +6.40 | $80 |
| Loan / Deposit Ratio (%) | ▲ | 74.48% | +2.55 | 71.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.00 | 0.05% |
| Allowance / Loans (%) | — | 1.23% | 0.10% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.01 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.60% | -0.69 | 18.29% |
Noninterest income ($2.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▅▇█ | Net Interest Margin (%) | 3.48% | 3.51% | 3.50% | 3.62% | 3.73% | 3.82% | 3.99% | 4.10% |
| ▃▂▁▂▃▄██ | Return on Assets (%) | 1.08% | 1.04% | 0.89% | 1.04% | 1.13% | 1.21% | 1.47% | 1.52% |
| ▅▆█▇▅▄▁▁ | Efficiency Ratio (%) | 73.9% | 75.3% | 78.2% | 75.9% | 74.2% | 72.1% | 68.1% | 68.0% |
| █▇▄▄▄▂▁▁ | Cost of Funds (%) | 1.59% | 1.52% | 1.34% | 1.34% | 1.34% | 1.23% | 1.13% | 1.14% |
| █▅▅▄█▁▄▄ | NPA / Assets (%) | 0.07% | 0.05% | 0.05% | 0.05% | 0.07% | 0.03% | 0.05% | 0.05% |
| █▅▅▅█▁▅▄ | Net Charge-Off Ratio (%) | 0.10% | 0.08% | 0.08% | 0.08% | 0.11% | 0.05% | 0.08% | 0.07% |
| ▂▁▃▃▆██▇ | Tang. Book Value ($M) | $71 | $68 | $72 | $72 | $76 | $79 | $80 | $78 |
| ▁▁▁▃▅▄▄█ | Gross Loans ($M) | $488 | $486 | $485 | $494 | $503 | $498 | $499 | $518 |
| ▁▂▅▇▆▇██ | Total Deposits ($M) | $635 | $648 | $665 | $679 | $674 | $677 | $687 | $687 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 5% |