Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.39% | +0.18 | 1.21% |
| Return on Equity (%) | ▲ | 10.80% | +1.05 | 9.75% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.31 | 3.53% |
| Efficiency Ratio (%) | ▲ | 54.85% | -1.25 | 56.10% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.59 | $5 |
| Cost of Funds (%) | ▲ | 1.41% | -0.12 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,167 | +53.54 | $1,114 |
| Gross Loans ($M) | ▲ | $759 | +35.47 | $723 |
| Loan Growth YoY (%) | ▼ | 75.26% | -0.68 | 75.94% |
| Total Deposits ($M) | ▲ | $996 | +54.28 | $942 |
| Shareholders Equity ($M) | ▲ | $153 | +12.09 | $140 |
| Tang. Book Value ($M) | ▲ | $151 | +12.21 | $139 |
| TBV excl. AOCI ($M)** | ▲ | $167 | +14.62 | $152 |
| Loan / Deposit Ratio (%) | ▼ | 75.26% | -0.68 | 75.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.04 | 0.24% |
| Allowance / Loans (%) | — | 1.20% | 0.08% | 1.12% |
| Net Charge-Off Ratio (%) | ▲ | 0.30% | -0.07 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.69M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 3.27% | 3.34% | 3.30% | 3.53% | 3.57% | 3.63% | 3.73% | 3.84% |
| ▄▅▁▆▇█▇█ | Return on Assets (%) | 1.07% | 1.18% | 0.85% | 1.21% | 1.30% | 1.38% | 1.26% | 1.39% |
| █▄█▂▂▁▄▁ | Efficiency Ratio (%) | 59.7% | 57.2% | 60.2% | 56.1% | 55.8% | 55.0% | 56.9% | 54.8% |
| █▇█▅▅▂▁▁ | Cost of Funds (%) | 1.62% | 1.59% | 1.60% | 1.54% | 1.53% | 1.45% | 1.43% | 1.41% |
| ██▁▁▁▁▁▁ | NPA / Assets (%) | 1.66% | 1.60% | 0.27% | 0.24% | 0.24% | 0.22% | 0.25% | 0.20% |
| ██▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 2.47% | 2.37% | 0.42% | 0.37% | 0.38% | 0.35% | 0.38% | 0.30% |
| ▁▁▂▄▆█▇█ | Tang. Book Value ($M) | $133 | $131 | $135 | $139 | $145 | $149 | $148 | $151 |
| ▁▁▁▂▁▅█▆ | Gross Loans ($M) | $718 | $715 | $717 | $723 | $721 | $752 | $780 | $759 |
| ▁▂▅▃▆███ | Total Deposits ($M) | $916 | $932 | $961 | $942 | $969 | $993 | $993 | $996 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 11% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 7% |