Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.05% | +0.39 | 0.66% |
| Return on Equity (%) | ▲ | 12.46% | +2.11 | 10.35% |
| Net Interest Margin (%) | ▲ | 3.51% | +0.25 | 3.26% |
| Efficiency Ratio (%) | ▲ | 64.16% | -11.59 | 75.74% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.46 | $2 |
| Cost of Funds (%) | ▼ | 1.78% | +0.04 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $806 | +131.95 | $674 |
| Gross Loans ($M) | ▲ | $585 | +56.08 | $529 |
| Loan Growth YoY (%) | ▲ | 88.64% | +1.81 | 86.82% |
| Total Deposits ($M) | ▲ | $652 | +50.14 | $602 |
| Shareholders Equity ($M) | ▲ | $69 | +26.25 | $42 |
| Tang. Book Value ($M) | ▲ | $69 | +26.25 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +29.71 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 88.64% | +1.81 | 86.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.02 | 0.04% |
| Allowance / Loans (%) | — | 1.10% | 0.02% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.09% | +0.04 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.56% | +3.22 | 11.35% |
Noninterest income ($1.53M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▄▅▇█ | Net Interest Margin (%) | 3.03% | 3.00% | 3.13% | 3.26% | 3.25% | 3.30% | 3.43% | 3.51% |
| ▃▃▁▂▃▄▆█ | Return on Assets (%) | 0.72% | 0.67% | 0.54% | 0.66% | 0.72% | 0.78% | 0.92% | 1.05% |
| ▆▆█▇▅▄▂▁ | Efficiency Ratio (%) | 73.5% | 75.0% | 79.1% | 75.7% | 73.4% | 70.7% | 67.4% | 64.2% |
| ▇█▅▃▁█▄▄ | Cost of Funds (%) | 1.89% | 1.93% | 1.82% | 1.74% | 1.67% | 1.92% | 1.78% | 1.78% |
| █▄▃▂▃▁▁▄ | NPA / Assets (%) | 0.13% | 0.06% | 0.06% | 0.04% | 0.05% | 0.02% | 0.03% | 0.06% |
| █▃▃▁▃▁▁▄ | Net Charge-Off Ratio (%) | 0.17% | 0.08% | 0.07% | 0.05% | 0.07% | 0.03% | 0.04% | 0.09% |
| ▁▁▁▁▇███ | Tang. Book Value ($M) | $42 | $40 | $42 | $42 | $64 | $66 | $67 | $69 |
| ▁▂▃▄▆▆██ | Gross Loans ($M) | $488 | $504 | $518 | $529 | $549 | $556 | $576 | $585 |
| ▁▁▂▄▇▇██ | Total Deposits ($M) | $567 | $571 | $585 | $602 | $636 | $639 | $655 | $652 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 4% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 10% |