Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.98% | +0.08 | 1.90% |
| Return on Equity (%) | ▼ | 15.19% | -0.80 | 15.99% |
| Net Interest Margin (%) | ▲ | 4.64% | +0.36 | 4.28% |
| Efficiency Ratio (%) | ▲ | 49.61% | -0.55 | 50.16% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.20 | $6 |
| Cost of Funds (%) | ▼ | 0.90% | +0.04 | 0.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $902 | -10.46 | $912 |
| Gross Loans ($M) | ▲ | $709 | +72.88 | $636 |
| Loan Growth YoY (%) | ▲ | 93.13% | +6.89 | 86.24% |
| Total Deposits ($M) | ▲ | $753 | +24.06 | $729 |
| Shareholders Equity ($M) | ▲ | $118 | +10.93 | $107 |
| Tang. Book Value ($M) | ▲ | $118 | +10.93 | $107 |
| TBV excl. AOCI ($M)** | ▲ | $124 | +10.40 | $114 |
| Loan / Deposit Ratio (%) | ▲ | 93.13% | +6.89 | 86.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.11% | -0.08% | 1.19% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 17.22% | -0.34 | 17.57% |
Noninterest income ($1.86M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▇██ | Net Interest Margin (%) | 4.05% | 4.14% | 4.24% | 4.28% | 4.40% | 4.50% | 4.57% | 4.64% |
| ▁▁▁▆▇█▆█ | Return on Assets (%) | 1.69% | 1.66% | 1.68% | 1.90% | 1.95% | 2.01% | 1.90% | 1.98% |
| ▃▃█▂▁▁▄▁ | Efficiency Ratio (%) | 50.7% | 50.7% | 53.2% | 50.2% | 49.7% | 49.6% | 51.3% | 49.6% |
| █▄▁▃▄▃▂▄ | Cost of Funds (%) | 1.05% | 0.90% | 0.77% | 0.85% | 0.89% | 0.86% | 0.83% | 0.90% |
| ▃▃▁▁▁▁█▁ | NPA / Assets (%) | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% |
| ▃▃▁▁▁▁█▁ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% |
| ▁▁▂▄▅▆▇█ | Tang. Book Value ($M) | $101 | $100 | $103 | $107 | $109 | $112 | $115 | $118 |
| ▁▂▂▄▄▆██ | Gross Loans ($M) | $589 | $609 | $612 | $636 | $646 | $665 | $706 | $709 |
| ▁▁▅▆▇▅██ | Total Deposits ($M) | $690 | $685 | $726 | $729 | $738 | $721 | $751 | $753 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 2% |