Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.01% | -0.04 | 1.05% |
| Return on Equity (%) | ▼ | 10.94% | -1.72 | 12.66% |
| Net Interest Margin (%) | ▲ | 3.98% | +0.30 | 3.68% |
| Efficiency Ratio (%) | ▲ | 65.49% | -3.43 | 68.92% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.86 | $3 |
| Cost of Funds (%) | ▲ | 1.10% | -0.09 | 1.19% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,020 | +75.34 | $945 |
| Gross Loans ($M) | ▲ | $798 | +97.58 | $701 |
| Loan Growth YoY (%) | ▲ | 96.25% | +9.94 | 86.31% |
| Total Deposits ($M) | ▲ | $820 | +16.71 | $803 |
| Shareholders Equity ($M) | ▲ | $94 | +13.28 | $80 |
| Tang. Book Value ($M) | ▲ | $93 | +13.42 | $80 |
| TBV excl. AOCI ($M)** | ▲ | $101 | +11.98 | $89 |
| Loan / Deposit Ratio (%) | ▲ | 96.25% | +9.94 | 86.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.82% | +0.59 | 0.24% |
| Allowance / Loans (%) | — | 1.17% | 0.08% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 1.05% | +0.73 | 0.32% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.49% | -0.28 | 14.76% |
Noninterest income ($2.21M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▆██ | Net Interest Margin (%) | 3.39% | 3.44% | 3.63% | 3.68% | 3.74% | 3.79% | 3.94% | 3.98% |
| ▂▁▇██▇█▇ | Return on Assets (%) | 0.73% | 0.62% | 0.99% | 1.05% | 1.05% | 1.01% | 1.10% | 1.01% |
| █▇▆▄▃▂▁▁ | Efficiency Ratio (%) | 73.4% | 72.1% | 70.6% | 68.9% | 68.4% | 67.4% | 65.8% | 65.5% |
| ▄█▄▃▂▁▁▁ | Cost of Funds (%) | 1.24% | 1.41% | 1.22% | 1.19% | 1.16% | 1.10% | 1.10% | 1.10% |
| ▂▁▁▁▂▃▄█ | NPA / Assets (%) | 0.37% | 0.23% | 0.23% | 0.24% | 0.35% | 0.43% | 0.46% | 0.82% |
| ▃▁▁▁▂▃▃█ | Net Charge-Off Ratio (%) | 0.53% | 0.32% | 0.31% | 0.32% | 0.47% | 0.51% | 0.54% | 1.05% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $74 | $72 | $76 | $80 | $84 | $88 | $91 | $93 |
| ▁▁▂▃▄▅▆█ | Gross Loans ($M) | $656 | $668 | $681 | $701 | $716 | $742 | $761 | $798 |
| ▁▂▂▃▅█▄█ | Total Deposits ($M) | $793 | $799 | $799 | $803 | $808 | $820 | $805 | $820 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 5% |