Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.48% | +0.42 | 1.06% |
| Return on Equity (%) | ▲ | 15.72% | +3.57 | 12.15% |
| Net Interest Margin (%) | ▲ | 3.73% | +0.39 | 3.33% |
| Efficiency Ratio (%) | ▲ | 64.53% | -7.00 | 71.53% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.68 | $1 |
| Cost of Funds (%) | ▲ | 1.54% | -0.29 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $507 | +41.63 | $465 |
| Gross Loans ($M) | ▲ | $277 | +18.60 | $259 |
| Loan Growth YoY (%) | ▼ | 61.79% | -1.25 | 63.04% |
| Total Deposits ($M) | ▲ | $444 | +38.00 | $406 |
| Shareholders Equity ($M) | ▲ | $47 | +5.74 | $42 |
| Tang. Book Value ($M) | ▲ | $45 | +5.75 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +6.61 | $48 |
| Loan / Deposit Ratio (%) | ▼ | 61.79% | -1.25 | 63.04% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.04 | 0.14% |
| Allowance / Loans (%) | — | 1.01% | -0.00% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.19% | -0.07 | 0.26% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.02M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▅██ | Net Interest Margin (%) | 3.10% | 3.15% | 3.30% | 3.33% | 3.39% | 3.46% | 3.72% | 3.73% |
| ▁▁▁▂▃▃▇█ | Return on Assets (%) | 0.97% | 1.00% | 1.00% | 1.06% | 1.16% | 1.12% | 1.36% | 1.48% |
| ███▇▅▆▂▁ | Efficiency Ratio (%) | 73.3% | 72.6% | 73.1% | 71.5% | 69.4% | 70.1% | 66.3% | 64.5% |
| █▆▄▅▄▂▁▁ | Cost of Funds (%) | 2.13% | 1.94% | 1.79% | 1.82% | 1.79% | 1.64% | 1.49% | 1.54% |
| ▁▂▁▅██▄▄ | NPA / Assets (%) | 0.01% | 0.05% | 0.03% | 0.14% | 0.23% | 0.23% | 0.10% | 0.10% |
| ▁▂▁▅██▄▄ | Net Charge-Off Ratio (%) | 0.02% | 0.09% | 0.06% | 0.26% | 0.41% | 0.41% | 0.19% | 0.19% |
| ▂▁▂▃▆▇▇█ | Tang. Book Value ($M) | $38 | $36 | $38 | $39 | $42 | $43 | $43 | $45 |
| ▁▁▃▄▅▇▇█ | Gross Loans ($M) | $249 | $247 | $256 | $259 | $264 | $271 | $273 | $277 |
| ▁▃▁▂▂▅▅█ | Total Deposits ($M) | $401 | $410 | $398 | $406 | $408 | $421 | $426 | $444 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 4% |