Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.76% | +0.05 | 1.70% |
| Return on Equity (%) | ▲ | 11.94% | +0.03 | 11.91% |
| Net Interest Margin (%) | ▲ | 3.41% | +0.22 | 3.19% |
| Efficiency Ratio (%) | ▲ | 63.73% | -0.19 | 63.92% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.53 | $2 |
| Cost of Funds (%) | ▲ | 1.03% | -0.13 | 1.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $481 | +19.54 | $461 |
| Gross Loans ($M) | ▲ | $277 | +7.66 | $269 |
| Loan Growth YoY (%) | ▼ | 70.03% | -0.60 | 70.63% |
| Total Deposits ($M) | ▲ | $392 | +14.06 | $378 |
| Shareholders Equity ($M) | ▲ | $71 | +1.91 | $69 |
| Tang. Book Value ($M) | ▲ | $71 | +1.91 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $78 | +3.05 | $75 |
| Loan / Deposit Ratio (%) | ▼ | 70.03% | -0.60 | 70.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Allowance / Loans (%) | — | 0.75% | 0.01% | 0.74% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.02 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▆██ | Net Interest Margin (%) | 3.04% | 3.03% | 3.05% | 3.19% | 3.28% | 3.30% | 3.38% | 3.41% |
| ▁▂▆▇██▄█ | Return on Assets (%) | 1.24% | 1.33% | 1.65% | 1.70% | 1.79% | 1.77% | 1.44% | 1.76% |
| █▇▂▂▁▁▇▂ | Efficiency Ratio (%) | 71.9% | 69.6% | 64.1% | 63.9% | 62.4% | 63.2% | 70.0% | 63.7% |
| ██▆█▆▄▃▁ | Cost of Funds (%) | 1.16% | 1.17% | 1.13% | 1.16% | 1.13% | 1.09% | 1.08% | 1.03% |
| ▁██████▁ | NPA / Assets (%) | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% |
| ▁██████▁ | Net Charge-Off Ratio (%) | 0.00% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.00% |
| ▁▁▄▆▄▇▆█ | Tang. Book Value ($M) | $65 | $64 | $67 | $69 | $67 | $69 | $68 | $71 |
| ▄▇▇▄▂▁▁█ | Gross Loans ($M) | $269 | $275 | $274 | $269 | $266 | $264 | $265 | $277 |
| ▁▆▆▅▃▆▅█ | Total Deposits ($M) | $359 | $382 | $380 | $378 | $371 | $381 | $379 | $392 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 4% |