Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.92% | +0.32 | 0.60% |
| Return on Equity (%) | ▲ | 12.45% | +3.20 | 9.25% |
| Net Interest Margin (%) | ▲ | 3.41% | +0.42 | 2.99% |
| Efficiency Ratio (%) | ▲ | 74.66% | -7.10 | 81.75% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.35 | $1 |
| Cost of Funds (%) | ▲ | 1.40% | -0.27 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $544 | -0.16 | $544 |
| Gross Loans ($M) | ▲ | $335 | +17.15 | $317 |
| Loan Growth YoY (%) | ▲ | 69.20% | +0.94 | 68.26% |
| Total Deposits ($M) | ▲ | $479 | +18.57 | $460 |
| Shareholders Equity ($M) | ▲ | $42 | +5.05 | $37 |
| Tang. Book Value ($M) | ▲ | $40 | +5.09 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +4.18 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 69.20% | +0.94 | 68.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.23% | +0.10 | 0.13% |
| Allowance / Loans (%) | — | 1.00% | -0.07% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 0.37% | +0.14 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.47% | +0.41 | 15.06% |
Noninterest income ($1.62M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅▇█ | Net Interest Margin (%) | 2.73% | 2.80% | 2.91% | 2.99% | 3.05% | 3.12% | 3.29% | 3.41% |
| ▁▂▁▁▂▃█▆ | Return on Assets (%) | 0.59% | 0.62% | 0.55% | 0.60% | 0.64% | 0.69% | 1.05% | 0.92% |
| █▇██▇▆▁▂ | Efficiency Ratio (%) | 82.4% | 80.6% | 82.9% | 81.8% | 81.2% | 79.4% | 72.5% | 74.7% |
| █▅▇██▅▃▁ | Cost of Funds (%) | 1.64% | 1.54% | 1.61% | 1.67% | 1.64% | 1.54% | 1.48% | 1.40% |
| ▂▁▁▃▁█▆▇ | NPA / Assets (%) | 0.10% | 0.06% | 0.07% | 0.13% | 0.07% | 0.27% | 0.21% | 0.23% |
| ▂▁▁▃▁█▆▆ | Net Charge-Off Ratio (%) | 0.17% | 0.10% | 0.12% | 0.22% | 0.11% | 0.47% | 0.36% | 0.37% |
| ▃▁▂▄▆▇▇█ | Tang. Book Value ($M) | $34 | $32 | $33 | $35 | $37 | $39 | $39 | $40 |
| ▁▃▃▄▅▆▇█ | Gross Loans ($M) | $303 | $312 | $313 | $317 | $322 | $326 | $330 | $335 |
| ▆▅▁▁▆▆██ | Total Deposits ($M) | $472 | $470 | $458 | $460 | $473 | $475 | $481 | $479 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 2% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 14% |