Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.25% | +0.55 | 1.70% |
| Return on Equity (%) | ▲ | 21.52% | +5.30 | 16.22% |
| Net Interest Margin (%) | ▲ | 4.23% | +0.25 | 3.98% |
| Efficiency Ratio (%) | ▲ | 54.60% | -6.45 | 61.05% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.89 | $5 |
| Cost of Funds (%) | ▲ | 1.61% | -0.26 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,067 | +40.73 | $1,027 |
| Gross Loans ($M) | ▲ | $810 | +63.00 | $747 |
| Loan Growth YoY (%) | ▲ | 94.48% | +5.17 | 89.30% |
| Total Deposits ($M) | ▲ | $844 | +21.11 | $823 |
| Shareholders Equity ($M) | ▼ | $107 | -0.59 | $107 |
| Tang. Book Value ($M) | ▼ | $107 | -0.55 | $107 |
| TBV excl. AOCI ($M)** | ▼ | $115 | -1.87 | $117 |
| Loan / Deposit Ratio (%) | ▲ | 94.48% | +5.17 | 89.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.15% | +0.12 | 0.03% |
| Allowance / Loans (%) | — | 1.54% | -0.06% | 1.60% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.16 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.87% | -1.29 | 14.16% |
Noninterest income ($2.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▇▇██ | Net Interest Margin (%) | 3.53% | 3.65% | 3.88% | 3.98% | 4.09% | 4.16% | 4.27% | 4.23% |
| ▁▁▃▃▄▄██ | Return on Assets (%) | 1.35% | 1.41% | 1.65% | 1.70% | 1.76% | 1.83% | 2.33% | 2.25% |
| ██▆▆▅▄▁▁ | Efficiency Ratio (%) | 65.2% | 64.6% | 61.8% | 61.1% | 60.3% | 59.3% | 53.3% | 54.6% |
| █▇▄▄▃▁▁▁ | Cost of Funds (%) | 2.17% | 2.04% | 1.89% | 1.87% | 1.77% | 1.64% | 1.64% | 1.61% |
| ▂▂▂▁▁▁██ | NPA / Assets (%) | 0.05% | 0.05% | 0.04% | 0.03% | 0.02% | 0.02% | 0.16% | 0.15% |
| ▂▂▂▁▁▁██ | Net Charge-Off Ratio (%) | 0.06% | 0.06% | 0.06% | 0.03% | 0.03% | 0.02% | 0.20% | 0.19% |
| ▁▁▃▅▇█▂▄ | Tang. Book Value ($M) | $101 | $101 | $104 | $107 | $111 | $113 | $104 | $107 |
| ▁▁▂▃▅▇▇█ | Gross Loans ($M) | $718 | $725 | $735 | $747 | $771 | $790 | $790 | $810 |
| ▃▁▇▇▄▆██ | Total Deposits ($M) | $778 | $740 | $831 | $823 | $790 | $806 | $832 | $844 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 22% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 13% |