Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.65% | +0.08 | 1.57% |
| Return on Equity (%) | ▼ | 15.29% | -1.24 | 16.53% |
| Net Interest Margin (%) | ▲ | 4.30% | +0.15 | 4.15% |
| Efficiency Ratio (%) | ▲ | 62.62% | -0.42 | 63.04% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.20 | $2 |
| Cost of Funds (%) | ▲ | 0.78% | -0.05 | 0.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $447 | +11.56 | $435 |
| Gross Loans ($M) | ▲ | $278 | +24.95 | $253 |
| Loan Growth YoY (%) | ▲ | 69.68% | +5.76 | 63.92% |
| Total Deposits ($M) | ▲ | $394 | +3.09 | $390 |
| Shareholders Equity ($M) | ▲ | $50 | +8.16 | $42 |
| Tang. Book Value ($M) | ▲ | $50 | +8.16 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +7.80 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 69.68% | +5.76 | 63.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.20% | 0.00% | 1.19% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.19% | +0.17 | 18.02% |
Noninterest income ($0.86M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▄▆▇██ | Net Interest Margin (%) | 4.03% | 4.06% | 4.09% | 4.15% | 4.20% | 4.24% | 4.28% | 4.30% |
| ▃▆▁▁▄▅▄█ | Return on Assets (%) | 1.60% | 1.62% | 1.57% | 1.57% | 1.60% | 1.61% | 1.60% | 1.65% |
| ▂▁▆▇▆▆█▆ | Efficiency Ratio (%) | 61.3% | 60.9% | 62.6% | 63.0% | 62.8% | 62.7% | 63.5% | 62.6% |
| ▇▆▃▇█▆▁▂ | Cost of Funds (%) | 0.83% | 0.82% | 0.79% | 0.83% | 0.85% | 0.82% | 0.77% | 0.78% |
| ▆▆█▁▁▁▁▁ | NPA / Assets (%) | 0.02% | 0.02% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▆▆█▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▁▂▂▆▆▇█ | Tang. Book Value ($M) | $43 | $39 | $42 | $42 | $47 | $46 | $47 | $50 |
| ▁▃▅▅▆▆▆█ | Gross Loans ($M) | $226 | $245 | $252 | $253 | $264 | $263 | $264 | $278 |
| ▁▅█▇▆███ | Total Deposits ($M) | $369 | $382 | $391 | $390 | $387 | $391 | $393 | $394 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 3% |