Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.03% | +0.30 | 1.73% |
| Return on Equity (%) | ▲ | 15.50% | +0.88 | 14.62% |
| Net Interest Margin (%) | ▲ | 4.39% | +0.30 | 4.08% |
| Efficiency Ratio (%) | ▲ | 58.55% | -2.27 | 60.82% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.57 | $3 |
| Cost of Funds (%) | ▲ | 1.46% | -0.01 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $629 | +10.40 | $619 |
| Gross Loans ($M) | ▲ | $451 | +12.65 | $439 |
| Loan Growth YoY (%) | ▲ | 84.43% | +0.71 | 83.72% |
| Total Deposits ($M) | ▲ | $528 | +10.55 | $518 |
| Shareholders Equity ($M) | ▲ | $83 | +8.70 | $75 |
| Tang. Book Value ($M) | ▲ | $72 | +9.12 | $63 |
| TBV excl. AOCI ($M)** | ▲ | $77 | +8.59 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 84.43% | +0.71 | 83.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.46% | +0.05 | 0.41% |
| Allowance / Loans (%) | — | 1.14% | -0.02% | 1.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.63% | +0.07 | 0.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.96% | +0.99 | 14.98% |
Noninterest income ($1.96M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▆██ | Net Interest Margin (%) | 3.63% | 3.70% | 4.02% | 4.08% | 4.12% | 4.18% | 4.32% | 4.39% |
| ▁▂▄▄▆▇▇█ | Return on Assets (%) | 1.44% | 1.53% | 1.67% | 1.73% | 1.81% | 1.89% | 1.95% | 2.03% |
| █▆▅▄▂▁▁▁ | Efficiency Ratio (%) | 63.5% | 62.2% | 61.2% | 60.8% | 59.7% | 58.8% | 59.2% | 58.6% |
| █▇▂▁▂▅▁▁ | Cost of Funds (%) | 1.59% | 1.57% | 1.48% | 1.47% | 1.48% | 1.53% | 1.46% | 1.46% |
| ▅▅█▃▅▁▁▆ | NPA / Assets (%) | 0.44% | 0.43% | 0.49% | 0.41% | 0.44% | 0.39% | 0.37% | 0.46% |
| ▄▄█▃▆▂▁▆ | Net Charge-Off Ratio (%) | 0.59% | 0.59% | 0.68% | 0.56% | 0.63% | 0.55% | 0.52% | 0.63% |
| ▁▁▂▃▅███ | Tang. Book Value ($M) | $58 | $58 | $61 | $63 | $66 | $70 | $71 | $72 |
| ▂▁▁▅▆▇▇█ | Gross Loans ($M) | $431 | $425 | $428 | $439 | $443 | $446 | $446 | $451 |
| ▂▁▁▂█▄▆▅ | Total Deposits ($M) | $518 | $516 | $515 | $518 | $538 | $524 | $532 | $528 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 16% |
| Consumer | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 11% |