Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.62% | -0.58 | 1.20% |
| Return on Equity (%) | ▼ | 4.85% | -7.23 | 12.08% |
| Net Interest Margin (%) | ▼ | 1.91% | -1.51 | 3.42% |
| Efficiency Ratio (%) | ▲ | 49.03% | -4.02 | 53.05% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.66 | $2 |
| Cost of Funds (%) | ▲ | 0.06% | -2.11 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $665 | +67.14 | $598 |
| Gross Loans ($M) | ▲ | $460 | +51.76 | $408 |
| Loan Growth YoY (%) | ▲ | 83.15% | +6.87 | 76.28% |
| Total Deposits ($M) | ▲ | $547 | +19.19 | $528 |
| Shareholders Equity ($M) | ▲ | $109 | +47.67 | $61 |
| Tang. Book Value ($M) | ▲ | $65 | +4.31 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $70 | +3.56 | $66 |
| Loan / Deposit Ratio (%) | ▲ | 83.15% | +6.87 | 76.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.03% | +0.02 | 0.01% |
| Allowance / Loans (%) | — | 1.13% | -0.26% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 0.04% | +0.04 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.08% | -0.12 | 15.20% |
Noninterest income ($0.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▇▇▇▇██▁ | Net Interest Margin (%) | 3.35% | 3.37% | 3.34% | 3.42% | 3.53% | 3.62% | 3.79% | 1.91% |
| ▆▇████▁▃ | Return on Assets (%) | 1.04% | 1.12% | 1.26% | 1.20% | 1.25% | 1.30% | 0.32% | 0.62% |
| ▂▂▁▁▁▂█▁ | Efficiency Ratio (%) | 56.0% | 55.1% | 51.6% | 53.1% | 53.6% | 54.4% | 86.9% | 49.0% |
| ██████▇▁ | Cost of Funds (%) | 2.37% | 2.31% | 2.22% | 2.17% | 2.15% | 2.12% | 2.02% | 0.06% |
| ▄▃▇▄▄▁▃█ | NPA / Assets (%) | 0.01% | 0.01% | 0.03% | 0.01% | 0.01% | 0.00% | 0.01% | 0.03% |
| ▄▃▃▁▁▁▃█ | Net Charge-Off Ratio (%) | 0.02% | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% | 0.01% | 0.04% |
| ▁▁▃▄▇██▇ | Tang. Book Value ($M) | $57 | $57 | $60 | $61 | $64 | $67 | $67 | $65 |
| ▁▁▁▁▅▅▇█ | Gross Loans ($M) | $404 | $409 | $404 | $408 | $433 | $437 | $449 | $460 |
| ▁▆▅▆▇▇▇█ | Total Deposits ($M) | $491 | $527 | $526 | $528 | $535 | $540 | $537 | $547 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 13% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 19% |