Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.88% | +0.26 | 0.62% |
| Return on Equity (%) | ▲ | 9.89% | +2.50 | 7.39% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.24 | 3.41% |
| Efficiency Ratio (%) | ▲ | 68.64% | -9.23 | 77.87% |
| Pre-Provision Profit ($M) | ▲ | $7 | +2.81 | $4 |
| Cost of Funds (%) | ▼ | 1.55% | +0.10 | 1.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,173 | +239.08 | $1,933 |
| Gross Loans ($M) | ▲ | $1,798 | +239.17 | $1,559 |
| Loan Growth YoY (%) | ▲ | 105.95% | +12.03 | 93.92% |
| Total Deposits ($M) | ▲ | $1,679 | +36.59 | $1,642 |
| Shareholders Equity ($M) | ▲ | $191 | +25.48 | $165 |
| Tang. Book Value ($M) | ▲ | $186 | +25.61 | $160 |
| TBV excl. AOCI ($M)** | ▲ | $197 | +25.28 | $172 |
| Loan / Deposit Ratio (%) | ▲ | 105.95% | +12.03 | 93.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.04 | 0.13% |
| Allowance / Loans (%) | — | 1.10% | 0.01% | 1.08% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.05 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▇███ | Net Interest Margin (%) | 3.09% | 3.20% | 3.36% | 3.41% | 3.52% | 3.58% | 3.63% | 3.64% |
| ▁▂▃▄▅▆██ | Return on Assets (%) | 0.46% | 0.52% | 0.57% | 0.62% | 0.70% | 0.75% | 0.88% | 0.88% |
| ██▆▅▄▃▁▁ | Efficiency Ratio (%) | 83.7% | 82.1% | 79.1% | 77.9% | 75.0% | 73.7% | 70.2% | 68.6% |
| ▆▁▃▅▂▂▃█ | Cost of Funds (%) | 1.48% | 1.31% | 1.39% | 1.45% | 1.37% | 1.36% | 1.38% | 1.55% |
| ▁▁▃████▅ | NPA / Assets (%) | 0.03% | 0.03% | 0.05% | 0.13% | 0.12% | 0.12% | 0.13% | 0.09% |
| ▁▁▃████▅ | Net Charge-Off Ratio (%) | 0.03% | 0.03% | 0.07% | 0.16% | 0.15% | 0.14% | 0.15% | 0.10% |
| ▂▁▂▃▅▇▇█ | Tang. Book Value ($M) | $154 | $148 | $156 | $160 | $168 | $177 | $181 | $186 |
| ▁▁▂▃▄▅▇█ | Gross Loans ($M) | $1,477 | $1,503 | $1,530 | $1,559 | $1,602 | $1,650 | $1,727 | $1,798 |
| ▄▂▁▄█▂▆▇ | Total Deposits ($M) | $1,650 | $1,626 | $1,610 | $1,642 | $1,693 | $1,628 | $1,669 | $1,679 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 42% |
| Interest-Bearing (core) | 58% |