Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.01 | 0.82% |
| Return on Equity (%) | ▼ | 8.99% | -1.19 | 10.18% |
| Net Interest Margin (%) | ▲ | 3.98% | +0.14 | 3.84% |
| Efficiency Ratio (%) | ▼ | 76.64% | +2.14 | 74.50% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.35 | $2 |
| Cost of Funds (%) | ▲ | 1.66% | -0.08 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $834 | +43.95 | $790 |
| Gross Loans ($M) | ▲ | $659 | +60.58 | $599 |
| Loan Growth YoY (%) | ▼ | 90.70% | -0.24 | 90.93% |
| Total Deposits ($M) | ▲ | $720 | +68.06 | $652 |
| Shareholders Equity ($M) | ▲ | $78 | +13.02 | $65 |
| Tang. Book Value ($M) | ▲ | $74 | +13.15 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +11.50 | $66 |
| Loan / Deposit Ratio (%) | ▼ | 90.70% | -0.24 | 90.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.98% | +0.93 | 0.05% |
| Allowance / Loans (%) | — | 0.95% | -0.03% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 1.24% | +1.17 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.68% | +1.09 | 10.59% |
Noninterest income ($1.67M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆████ | Net Interest Margin (%) | 3.44% | 3.50% | 3.76% | 3.84% | 3.93% | 3.97% | 4.00% | 3.98% |
| ▁▃▂▆█▇█▆ | Return on Assets (%) | 0.63% | 0.72% | 0.69% | 0.82% | 0.91% | 0.86% | 0.88% | 0.83% |
| █▅▇▃▁▃▄▆ | Efficiency Ratio (%) | 77.9% | 75.7% | 77.1% | 74.5% | 72.9% | 74.6% | 75.4% | 76.6% |
| ▇█▅▃▁▃▂▂ | Cost of Funds (%) | 1.95% | 2.06% | 1.84% | 1.74% | 1.57% | 1.73% | 1.68% | 1.66% |
| ▁▁▁▁▁▂▂█ | NPA / Assets (%) | 0.06% | 0.08% | 0.06% | 0.05% | 0.05% | 0.21% | 0.21% | 0.98% |
| ▁▁▁▁▁▂▂█ | Net Charge-Off Ratio (%) | 0.08% | 0.09% | 0.08% | 0.06% | 0.06% | 0.27% | 0.27% | 1.24% |
| ▁▁▂▃▆▇██ | Tang. Book Value ($M) | $55 | $56 | $58 | $61 | $68 | $70 | $72 | $74 |
| ▁▁▃▃▄▇▇█ | Gross Loans ($M) | $565 | $571 | $592 | $599 | $606 | $640 | $642 | $659 |
| ▇▁▁▁▆▄▆█ | Total Deposits ($M) | $704 | $659 | $659 | $652 | $700 | $686 | $697 | $720 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 17% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 9% |