Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.79% | +0.28 | 1.51% |
| Return on Equity (%) | ▲ | 6.30% | +0.55 | 5.75% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.05 | 3.81% |
| Efficiency Ratio (%) | ▲ | 56.18% | -3.37 | 59.55% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.69 | $3 |
| Cost of Funds (%) | ▲ | 0.44% | -0.05 | 0.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $492 | +11.36 | $481 |
| Gross Loans ($M) | ▲ | $262 | +13.75 | $249 |
| Loan Growth YoY (%) | ▲ | 91.96% | +10.84 | 81.13% |
| Total Deposits ($M) | ▼ | $284 | -21.06 | $305 |
| Shareholders Equity ($M) | ▲ | $143 | +14.75 | $128 |
| Tang. Book Value ($M) | ▲ | $143 | +14.75 | $128 |
| TBV excl. AOCI ($M)** | ▲ | $148 | +14.58 | $134 |
| Loan / Deposit Ratio (%) | ▲ | 91.96% | +10.84 | 81.13% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.37% | +0.12 | 0.26% |
| Allowance / Loans (%) | — | 0.55% | -0.00% | 0.55% |
| Net Charge-Off Ratio (%) | ▼ | 0.70% | +0.20 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 41.32% | +0.78 | 40.54% |
Noninterest income ($3.59M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▅▁▄▅█▁█ | Net Interest Margin (%) | 3.79% | 3.83% | 3.76% | 3.81% | 3.83% | 3.87% | 3.77% | 3.86% |
| ██▁▅▇▇▁▇ | Return on Assets (%) | 2.06% | 1.90% | 0.88% | 1.51% | 1.88% | 1.86% | 0.72% | 1.79% |
| ▁▃█▃▁▄▇▂ | Efficiency Ratio (%) | 52.6% | 59.8% | 76.0% | 59.5% | 55.4% | 62.7% | 72.0% | 56.2% |
| ▂█▄▃▂▄▄▁ | Cost of Funds (%) | 0.47% | 0.60% | 0.52% | 0.49% | 0.48% | 0.51% | 0.52% | 0.44% |
| ▃▁▁▁██▆▅ | NPA / Assets (%) | 0.32% | 0.28% | 0.27% | 0.26% | 0.46% | 0.45% | 0.39% | 0.37% |
| ▃▁▁▁█▇▄▅ | Net Charge-Off Ratio (%) | 0.62% | 0.54% | 0.52% | 0.50% | 0.88% | 0.80% | 0.68% | 0.70% |
| ▁▁▁▂▅▇▇█ | Tang. Book Value ($M) | $124 | $125 | $126 | $128 | $133 | $138 | $138 | $143 |
| ▁▂▂▃▄▇▇█ | Gross Loans ($M) | $243 | $246 | $247 | $249 | $251 | $259 | $259 | $262 |
| ▂▄██▅▄▁▁ | Total Deposits ($M) | $287 | $294 | $308 | $305 | $295 | $295 | $282 | $284 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 1% |