Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.72% | +0.09 | 1.63% |
| Return on Equity (%) | ▲ | 17.30% | +1.18 | 16.12% |
| Net Interest Margin (%) | ▼ | 3.65% | -0.11 | 3.76% |
| Efficiency Ratio (%) | ▼ | 49.90% | +0.62 | 49.28% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.61 | $3 |
| Cost of Funds (%) | ▼ | 2.73% | +0.04 | 2.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $573 | +57.60 | $516 |
| Gross Loans ($M) | ▲ | $458 | +62.97 | $395 |
| Loan Growth YoY (%) | ▼ | 99.37% | -0.64 | 100.01% |
| Total Deposits ($M) | ▲ | $456 | +65.76 | $391 |
| Shareholders Equity ($M) | ▲ | $58 | +6.79 | $51 |
| Tang. Book Value ($M) | ▲ | $51 | +6.46 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +7.38 | $47 |
| Loan / Deposit Ratio (%) | ▼ | 99.37% | -0.64 | 100.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.18 | 0.28% |
| Allowance / Loans (%) | — | 0.96% | -0.13% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.24 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.23% | -0.40 | 12.63% |
Noninterest income ($1.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▆▆██▁▃ | Net Interest Margin (%) | 3.68% | 3.73% | 3.75% | 3.76% | 3.82% | 3.85% | 3.57% | 3.65% |
| ▁▃▅▅▄▃▅█ | Return on Assets (%) | 1.50% | 1.56% | 1.62% | 1.63% | 1.60% | 1.57% | 1.61% | 1.72% |
| ▄█▆▁▁▇▆▃ | Efficiency Ratio (%) | 50.6% | 52.3% | 51.1% | 49.3% | 49.1% | 51.9% | 51.3% | 49.9% |
| ▆█▃▁▅▁▄▂ | Cost of Funds (%) | 2.90% | 2.99% | 2.75% | 2.69% | 2.85% | 2.67% | 2.79% | 2.73% |
| ▁▁▂██▅▃▃ | NPA / Assets (%) | 0.00% | 0.03% | 0.06% | 0.28% | 0.31% | 0.16% | 0.10% | 0.10% |
| ▁▁▂██▅▃▃ | Net Charge-Off Ratio (%) | 0.00% | 0.04% | 0.08% | 0.37% | 0.40% | 0.20% | 0.13% | 0.13% |
| ▁▁▂▄▅▆▇█ | Tang. Book Value ($M) | $41 | $41 | $43 | $45 | $46 | $48 | $50 | $51 |
| ▁▁▂▄▅▇▇█ | Gross Loans ($M) | $348 | $361 | $366 | $395 | $412 | $432 | $443 | $458 |
| ▁▃▃▅▆▆▇█ | Total Deposits ($M) | $307 | $346 | $357 | $391 | $407 | $409 | $435 | $456 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 16% |