Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.07% | +0.53 | 2.54% |
| Return on Equity (%) | ▲ | 31.29% | +7.47 | 23.82% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.32 | 3.32% |
| Efficiency Ratio (%) | ▼ | 90.03% | +3.52 | 86.50% |
| Pre-Provision Profit ($M) | ▼ | $4 | -2.61 | $7 |
| Cost of Funds (%) | ▼ | 3.58% | +1.10 | 2.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $555 | +142.06 | $412 |
| Gross Loans ($M) | ▲ | $454 | +115.45 | $338 |
| Loan Growth YoY (%) | ▲ | 108.83% | +12.03 | 96.79% |
| Total Deposits ($M) | ▲ | $413 | +68.84 | $344 |
| Shareholders Equity ($M) | ▲ | $55 | +15.42 | $39 |
| Tang. Book Value ($M) | ▲ | $49 | +13.67 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 108.83% | +12.03 | 96.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.34% | -0.63 | 2.97% |
| Allowance / Loans (%) | — | 0.97% | -0.58% | 1.55% |
| Net Charge-Off Ratio (%) | ▲ | 2.33% | -1.29 | 3.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.73% | +0.73 | 12.01% |
Noninterest income ($43.55M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▄▆█▅▅ | Net Interest Margin (%) | 2.73% | 2.87% | 3.47% | 3.32% | 3.68% | 4.20% | 3.65% | 3.64% |
| █▆▁▅▇▇▆▆ | Return on Assets (%) | 4.42% | 3.24% | 0.62% | 2.54% | 3.63% | 3.72% | 3.11% | 3.07% |
| ▄▆█▁▁▁▃▄ | Efficiency Ratio (%) | 90.5% | 92.4% | 95.8% | 86.5% | 86.5% | 87.2% | 89.3% | 90.0% |
| █▃▃▂▃▁▂▅ | Cost of Funds (%) | 4.65% | 2.74% | 2.91% | 2.48% | 3.00% | 2.08% | 2.60% | 3.58% |
| █▆██▇▂▁▄ | NPA / Assets (%) | 3.03% | 2.77% | 3.09% | 2.97% | 2.88% | 2.03% | 1.83% | 2.34% |
| █▆▇▇█▃▁▂ | Net Charge-Off Ratio (%) | 3.75% | 3.38% | 3.51% | 3.62% | 3.92% | 2.49% | 2.01% | 2.33% |
| ▁▁▁▁▃▆▇█ | Tang. Book Value ($M) | $36 | $34 | $35 | $35 | $40 | $45 | $47 | $49 |
| ▁▂▃▄▄▆▇█ | Gross Loans ($M) | $223 | $267 | $292 | $338 | $335 | $372 | $418 | $454 |
| ▁▃▃▆▆███ | Total Deposits ($M) | $186 | $257 | $251 | $344 | $366 | $432 | $421 | $413 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 96% |
| Brokered / Other | 2% |