Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.23% | +0.14 | 1.09% |
| Return on Equity (%) | ▼ | 16.60% | -3.88 | 20.48% |
| Net Interest Margin (%) | ▲ | 3.90% | +0.41 | 3.49% |
| Efficiency Ratio (%) | ▲ | 61.74% | -0.43 | 62.17% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.39 | $3 |
| Cost of Funds (%) | ▲ | 0.70% | -0.15 | 0.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $843 | -5.55 | $849 |
| Gross Loans ($M) | ▲ | $470 | +45.05 | $425 |
| Loan Growth YoY (%) | ▲ | 59.89% | +7.21 | 52.68% |
| Total Deposits ($M) | ▼ | $769 | -19.62 | $789 |
| Shareholders Equity ($M) | ▲ | $64 | +13.19 | $51 |
| Tang. Book Value ($M) | ▲ | $64 | +13.19 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +11.54 | $66 |
| Loan / Deposit Ratio (%) | ▲ | 59.89% | +7.21 | 52.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.24% | +0.05 | 0.19% |
| Allowance / Loans (%) | — | 1.96% | -0.22% | 2.18% |
| Net Charge-Off Ratio (%) | ▼ | 0.44% | +0.06 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 3.06% | 3.14% | 3.43% | 3.49% | 3.56% | 3.63% | 3.83% | 3.90% |
| ▁▂▅▆▆███ | Return on Assets (%) | 0.81% | 0.90% | 1.03% | 1.09% | 1.11% | 1.19% | 1.19% | 1.23% |
| █▇▂▁▁▁▂▁ | Efficiency Ratio (%) | 68.9% | 67.3% | 63.3% | 62.2% | 61.9% | 61.7% | 62.7% | 61.7% |
| ██▄▄▃▂▁▁ | Cost of Funds (%) | 1.16% | 1.10% | 0.88% | 0.85% | 0.83% | 0.77% | 0.67% | 0.70% |
| ▂▁▁▁▇██▆ | NPA / Assets (%) | 0.20% | 0.19% | 0.18% | 0.19% | 0.25% | 0.27% | 0.27% | 0.24% |
| ▄▂▁▁▇██▄ | Net Charge-Off Ratio (%) | 0.44% | 0.40% | 0.38% | 0.38% | 0.49% | 0.52% | 0.51% | 0.44% |
| ▃▁▃▄▆███ | Tang. Book Value ($M) | $48 | $40 | $47 | $51 | $57 | $61 | $62 | $64 |
| ▁▁▂▄▄▆▇█ | Gross Loans ($M) | $393 | $402 | $410 | $425 | $431 | $442 | $453 | $470 |
| ▁▄█▅▃▃▃▃ | Total Deposits ($M) | $746 | $780 | $818 | $789 | $768 | $771 | $771 | $769 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 100% |