Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.76% | +0.35 | 0.41% |
| Return on Equity (%) | ▲ | 9.73% | +3.91 | 5.82% |
| Net Interest Margin (%) | ▲ | 2.57% | +0.41 | 2.16% |
| Efficiency Ratio (%) | ▲ | 72.57% | -8.30 | 80.87% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.98 | $1 |
| Cost of Funds (%) | ▲ | 1.64% | -0.21 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,198 | +16.69 | $1,181 |
| Gross Loans ($M) | ▲ | $757 | +18.71 | $738 |
| Loan Growth YoY (%) | ▲ | 69.88% | +0.81 | 69.07% |
| Total Deposits ($M) | ▲ | $1,071 | +14.59 | $1,057 |
| Shareholders Equity ($M) | ▲ | $94 | +6.89 | $87 |
| Tang. Book Value ($M) | ▲ | $94 | +6.87 | $87 |
| TBV excl. AOCI ($M)** | ▲ | $112 | +6.54 | $105 |
| Loan / Deposit Ratio (%) | ▲ | 69.88% | +0.81 | 69.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.07% | 0.00 | 0.07% |
| Allowance / Loans (%) | — | 1.05% | -0.03% | 1.07% |
| Net Charge-Off Ratio (%) | — | 0.11% | 0.00 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.45M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▅██ | Net Interest Margin (%) | 1.91% | 1.94% | 2.13% | 2.16% | 2.19% | 2.27% | 2.60% | 2.57% |
| ▂▁▁▁▂▃▆█ | Return on Assets (%) | 0.45% | 0.40% | 0.40% | 0.41% | 0.47% | 0.49% | 0.66% | 0.76% |
| ▇█▆▇▅▄▁▁ | Efficiency Ratio (%) | 81.3% | 83.3% | 80.2% | 80.9% | 78.0% | 77.2% | 72.4% | 72.6% |
| ▇█▅▅▃▃▁▁ | Cost of Funds (%) | 1.92% | 2.01% | 1.84% | 1.85% | 1.74% | 1.75% | 1.62% | 1.64% |
| ▁▄▆█▂▁▁█ | NPA / Assets (%) | 0.05% | 0.06% | 0.06% | 0.07% | 0.05% | 0.05% | 0.05% | 0.07% |
| ▄▄▆█▃▁▁█ | Net Charge-Off Ratio (%) | 0.09% | 0.10% | 0.10% | 0.11% | 0.09% | 0.08% | 0.08% | 0.11% |
| ▄▁▃▅▇███ | Tang. Book Value ($M) | $85 | $80 | $84 | $87 | $90 | $93 | $92 | $94 |
| ▁▁▃▅▆▆▃█ | Gross Loans ($M) | $716 | $719 | $731 | $738 | $743 | $743 | $728 | $757 |
| █▁▁▁█▂▃▂ | Total Deposits ($M) | $1,139 | $1,059 | $1,047 | $1,057 | $1,144 | $1,065 | $1,080 | $1,071 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 13% |
| Consumer | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 19% |