Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.64% | +0.40 | 0.25% |
| Return on Equity (%) | ▲ | 3.55% | +2.19 | 1.36% |
| Net Interest Margin (%) | ▲ | 3.18% | +0.39 | 2.79% |
| Efficiency Ratio (%) | ▲ | 76.83% | -10.85 | 87.68% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.76 | $2 |
| Cost of Funds (%) | ▲ | 1.36% | -0.26 | 1.62% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,001 | -21.87 | $1,023 |
| Gross Loans ($M) | ▲ | $807 | +10.10 | $797 |
| Loan Growth YoY (%) | ▲ | 99.56% | +1.51 | 98.05% |
| Total Deposits ($M) | ▼ | $803 | -2.84 | $806 |
| Shareholders Equity ($M) | ▲ | $184 | +1.35 | $182 |
| Tang. Book Value ($M) | ▲ | $183 | +0.95 | $182 |
| TBV excl. AOCI ($M)** | ▼ | $188 | -0.65 | $188 |
| Loan / Deposit Ratio (%) | ▲ | 99.56% | +1.51 | 98.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.03 | 0.14% |
| Allowance / Loans (%) | — | 0.87% | 0.08% | 0.79% |
| Net Charge-Off Ratio (%) | ▲ | 0.14% | -0.04 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▅▇█ | Net Interest Margin (%) | 2.61% | 2.59% | 2.69% | 2.79% | 2.89% | 2.93% | 3.10% | 3.18% |
| ▅▇▁▅▁▂██ | Return on Assets (%) | 0.22% | 0.41% | -0.32% | 0.25% | -0.38% | -0.14% | 0.58% | 0.64% |
| ▄▃▄▂█▆▁▁ | Efficiency Ratio (%) | 97.9% | 91.6% | 94.8% | 87.7% | 121.3% | 106.5% | 78.2% | 76.8% |
| ██▇▆▇▄▂▁ | Cost of Funds (%) | 1.71% | 1.74% | 1.67% | 1.62% | 1.68% | 1.55% | 1.44% | 1.36% |
| █▆▇▆█▁▁▁ | NPA / Assets (%) | 0.16% | 0.14% | 0.14% | 0.14% | 0.16% | 0.11% | 0.11% | 0.11% |
| █▇▇▆█▂▁▂ | Net Charge-Off Ratio (%) | 0.21% | 0.19% | 0.19% | 0.18% | 0.20% | 0.14% | 0.13% | 0.14% |
| ▁▃▃▇▁▄▆█ | Tang. Book Value ($M) | $178 | $180 | $180 | $182 | $178 | $180 | $182 | $183 |
| ▁▃▄█▅▆▇█ | Gross Loans ($M) | $714 | $741 | $755 | $797 | $763 | $781 | $788 | $807 |
| ▁▃▅█▆█▇█ | Total Deposits ($M) | $725 | $756 | $777 | $806 | $778 | $808 | $797 | $803 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 7% |