Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.94% | +0.30 | 1.64% |
| Return on Equity (%) | ▲ | 18.18% | +0.93 | 17.25% |
| Net Interest Margin (%) | ▲ | 4.45% | +0.42 | 4.04% |
| Efficiency Ratio (%) | ▲ | 48.75% | -3.70 | 52.45% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.84 | $2 |
| Cost of Funds (%) | ▲ | 1.03% | -0.10 | 1.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $491 | +125.01 | $366 |
| Gross Loans ($M) | ▲ | $271 | +66.62 | $204 |
| Loan Growth YoY (%) | ▲ | 61.60% | +0.08 | 61.52% |
| Total Deposits ($M) | ▲ | $435 | +106.76 | $329 |
| Shareholders Equity ($M) | ▲ | $53 | +17.51 | $35 |
| Tang. Book Value ($M) | ▲ | $47 | +12.08 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +12.85 | $42 |
| Loan / Deposit Ratio (%) | ▲ | 61.60% | +0.08 | 61.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.04% | -0.07 | 0.11% |
| Allowance / Loans (%) | — | 1.06% | -0.05% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.13 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆██ | Net Interest Margin (%) | 3.48% | 3.57% | 3.87% | 4.04% | 4.18% | 4.21% | 4.51% | 4.45% |
| ▁▁▅▅▆▆██ | Return on Assets (%) | 1.23% | 1.30% | 1.59% | 1.64% | 1.74% | 1.72% | 1.85% | 1.94% |
| ██▄▄▃▄▁▁ | Efficiency Ratio (%) | 57.1% | 56.4% | 52.6% | 52.4% | 51.6% | 52.5% | 49.6% | 48.7% |
| █▇▃▃▁▂▁▁ | Cost of Funds (%) | 1.42% | 1.32% | 1.10% | 1.13% | 1.02% | 1.04% | 0.98% | 1.03% |
| ▁█████▂▃ | NPA / Assets (%) | 0.00% | 0.11% | 0.11% | 0.11% | 0.11% | 0.10% | 0.02% | 0.04% |
| ▁████▇▂▃ | Net Charge-Off Ratio (%) | 0.00% | 0.21% | 0.20% | 0.19% | 0.19% | 0.18% | 0.04% | 0.07% |
| ▁▁▁▁▃▅▇█ | Tang. Book Value ($M) | $34 | $34 | $34 | $35 | $39 | $41 | $45 | $47 |
| ▁▁▁▂▂▂██ | Gross Loans ($M) | $191 | $189 | $197 | $204 | $202 | $201 | $261 | $271 |
| ▁▁▁▁▁▁██ | Total Deposits ($M) | $314 | $313 | $326 | $329 | $318 | $321 | $437 | $435 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 5% |
| Consumer | 2% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 4% |