Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.43% | +0.41 | 1.02% |
| Return on Equity (%) | ▲ | 14.60% | +3.27 | 11.33% |
| Net Interest Margin (%) | ▲ | 3.41% | +0.37 | 3.04% |
| Efficiency Ratio (%) | ▲ | 61.96% | -5.08 | 67.04% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.55 | $3 |
| Cost of Funds (%) | ▲ | 2.01% | -0.13 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,049 | +19.22 | $1,030 |
| Gross Loans ($M) | ▼ | $854 | -2.72 | $857 |
| Loan Growth YoY (%) | ▼ | 98.90% | -1.96 | 100.86% |
| Total Deposits ($M) | ▲ | $853 | +14.04 | $839 |
| Shareholders Equity ($M) | ▲ | $103 | +8.77 | $94 |
| Tang. Book Value ($M) | ▲ | $99 | +9.22 | $90 |
| TBV excl. AOCI ($M)** | ▲ | $106 | +9.87 | $96 |
| Loan / Deposit Ratio (%) | ▼ | 98.90% | -1.96 | 100.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.02 | 0.04% |
| Allowance / Loans (%) | — | 1.24% | -0.01% | 1.25% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.03 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.68% | +0.53 | 12.15% |
Noninterest income ($1.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 2.60% | 2.68% | 2.97% | 3.04% | 3.10% | 3.17% | 3.37% | 3.41% |
| ▁▁▃▄▅▅██ | Return on Assets (%) | 0.64% | 0.70% | 0.89% | 1.02% | 1.07% | 1.05% | 1.42% | 1.43% |
| ██▅▄▃▄▁▁ | Efficiency Ratio (%) | 76.1% | 74.9% | 70.3% | 67.0% | 66.1% | 67.3% | 61.4% | 62.0% |
| █▆▃▆▆▅▁▂ | Cost of Funds (%) | 2.20% | 2.11% | 2.02% | 2.13% | 2.13% | 2.10% | 1.95% | 2.01% |
| █▆▄▄▁▅▅▁ | NPA / Assets (%) | 0.07% | 0.05% | 0.04% | 0.04% | 0.02% | 0.04% | 0.04% | 0.02% |
| █▆▄▄▁▅▅▁ | Net Charge-Off Ratio (%) | 0.08% | 0.06% | 0.05% | 0.05% | 0.02% | 0.05% | 0.05% | 0.02% |
| ▁▁▂▄▆▇▇█ | Tang. Book Value ($M) | $85 | $84 | $87 | $90 | $95 | $96 | $97 | $99 |
| ▁▄███▅▅█ | Gross Loans ($M) | $788 | $819 | $862 | $857 | $857 | $830 | $830 | $854 |
| ▁▂▆▅██▆▇ | Total Deposits ($M) | $806 | $814 | $845 | $839 | $862 | $865 | $850 | $853 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 4% |