Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.56% | +0.36 | 1.19% |
| Return on Equity (%) | ▼ | 23.69% | -3.58 | 27.27% |
| Net Interest Margin (%) | ▲ | 3.08% | +0.23 | 2.86% |
| Efficiency Ratio (%) | ▲ | 54.63% | -6.39 | 61.01% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.55 | $2 |
| Cost of Funds (%) | ▲ | 1.31% | -0.13 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $853 | +53.04 | $800 |
| Gross Loans ($M) | ▲ | $281 | +10.44 | $271 |
| Loan Growth YoY (%) | ▲ | 35.32% | +0.11 | 35.21% |
| Total Deposits ($M) | ▲ | $792 | +27.01 | $765 |
| Shareholders Equity ($M) | ▲ | $59 | +26.08 | $33 |
| Tang. Book Value ($M) | ▲ | $59 | +26.08 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $84 | +27.18 | $57 |
| Loan / Deposit Ratio (%) | ▲ | 35.32% | +0.11 | 35.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.20 | 0.40% |
| Allowance / Loans (%) | — | 0.52% | -0.00% | 0.53% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.23 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -21.26 | 21.26% |
Noninterest income ($1.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▆▆▆█ | Net Interest Margin (%) | 2.44% | 2.50% | 2.77% | 2.86% | 2.89% | 2.87% | 2.89% | 3.08% |
| ▁▂▄▃▄▄▅█ | Return on Assets (%) | 1.02% | 1.13% | 1.25% | 1.19% | 1.28% | 1.27% | 1.34% | 1.56% |
| █▅▆▇▅▅▄▁ | Efficiency Ratio (%) | 62.8% | 59.1% | 59.9% | 61.0% | 59.5% | 59.3% | 58.1% | 54.6% |
| █▅▁▂▃▁▁▁ | Cost of Funds (%) | 1.90% | 1.67% | 1.38% | 1.43% | 1.46% | 1.34% | 1.33% | 1.31% |
| ▅▆▇▄▂▂█▁ | NPA / Assets (%) | 0.44% | 0.47% | 0.52% | 0.40% | 0.29% | 0.26% | 0.62% | 0.20% |
| ▇▄▂▂▂▂█▁ | Net Charge-Off Ratio (%) | 1.21% | 0.60% | 0.23% | 0.24% | 0.27% | 0.26% | 1.47% | 0.01% |
| ▅▂▁▁▅▆██ | Tang. Book Value ($M) | $46 | $38 | $36 | $33 | $46 | $52 | $59 | $59 |
| ▅▁▂▄█▇█▇ | Gross Loans ($M) | $275 | $261 | $264 | $271 | $285 | $283 | $287 | $281 |
| ▁▄▅▃▄█▆▆ | Total Deposits ($M) | $730 | $774 | $784 | $765 | $772 | $825 | $794 | $792 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 15% |