Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | — | 1.12% | 0.00 | 1.12% |
| Return on Equity (%) | ▼ | 16.79% | -1.67 | 18.46% |
| Net Interest Margin (%) | ▲ | 4.52% | +0.16 | 4.36% |
| Efficiency Ratio (%) | ▼ | 70.07% | +2.22 | 67.85% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.08 | $3 |
| Cost of Funds (%) | ▼ | 0.71% | +0.11 | 0.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $832 | +24.76 | $807 |
| Gross Loans ($M) | ▲ | $619 | +35.30 | $584 |
| Loan Growth YoY (%) | ▲ | 89.29% | +4.28 | 85.02% |
| Total Deposits ($M) | ▲ | $686 | +6.60 | $679 |
| Shareholders Equity ($M) | ▲ | $57 | +6.47 | $50 |
| Tang. Book Value ($M) | ▲ | $56 | +6.47 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $63 | +5.98 | $57 |
| Loan / Deposit Ratio (%) | ▲ | 89.29% | +4.28 | 85.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.46% | +0.03 | 0.43% |
| Allowance / Loans (%) | — | 1.04% | -0.00% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 0.60% | +0.01 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.15% | +0.20 | 11.96% |
Noninterest income ($1.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▆▇▇▇██ | Net Interest Margin (%) | 3.81% | 4.01% | 4.27% | 4.36% | 4.38% | 4.43% | 4.44% | 4.52% |
| ▁▃▇███▆█ | Return on Assets (%) | 0.79% | 0.90% | 1.08% | 1.12% | 1.15% | 1.17% | 1.07% | 1.12% |
| █▅▁▁▁▁▄▃ | Efficiency Ratio (%) | 75.7% | 72.2% | 67.7% | 67.9% | 67.7% | 68.0% | 71.1% | 70.1% |
| ▇▁▂▄████ | Cost of Funds (%) | 0.70% | 0.52% | 0.55% | 0.61% | 0.71% | 0.72% | 0.73% | 0.71% |
| ▇▆█▄▁▄▇▇ | NPA / Assets (%) | 0.46% | 0.45% | 0.47% | 0.43% | 0.40% | 0.44% | 0.46% | 0.46% |
| █▇█▄▁▂▅▄ | Net Charge-Off Ratio (%) | 0.64% | 0.64% | 0.66% | 0.59% | 0.55% | 0.58% | 0.61% | 0.60% |
| ▁▁▃▄▆▇▇█ | Tang. Book Value ($M) | $44 | $45 | $47 | $49 | $52 | $53 | $54 | $56 |
| ▁▂▃▅▇▆▇█ | Gross Loans ($M) | $539 | $549 | $569 | $584 | $600 | $598 | $606 | $619 |
| ▆▆▅▄▆▁█▆ | Total Deposits ($M) | $684 | $683 | $683 | $679 | $685 | $667 | $693 | $686 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 3% |