Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.96% | +0.17 | 0.79% |
| Return on Equity (%) | ▲ | 7.23% | +0.92 | 6.31% |
| Net Interest Margin (%) | ▲ | 3.23% | +0.16 | 3.07% |
| Efficiency Ratio (%) | ▲ | 66.03% | -6.07 | 72.10% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.49 | $2 |
| Cost of Funds (%) | ▼ | 0.91% | +0.01 | 0.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $597 | -6.52 | $604 |
| Gross Loans ($M) | ▲ | $234 | +25.03 | $209 |
| Loan Growth YoY (%) | ▲ | 46.53% | +5.64 | 40.89% |
| Total Deposits ($M) | ▼ | $494 | -6.97 | $501 |
| Shareholders Equity ($M) | ▲ | $83 | +3.86 | $79 |
| Tang. Book Value ($M) | ▲ | $81 | +3.97 | $77 |
| TBV excl. AOCI ($M)** | ▲ | $96 | +3.11 | $93 |
| Loan / Deposit Ratio (%) | ▲ | 46.53% | +5.64 | 40.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.05% | -0.03 | 0.08% |
| Allowance / Loans (%) | — | 1.68% | -0.19% | 1.87% |
| Net Charge-Off Ratio (%) | ▲ | 0.12% | -0.09 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▆▆▇█ | Net Interest Margin (%) | 2.84% | 2.90% | 3.00% | 3.07% | 3.10% | 3.11% | 3.15% | 3.23% |
| ▅▅▃▅█▁▅▆ | Return on Assets (%) | 0.78% | 0.85% | 0.63% | 0.79% | 1.19% | 0.33% | 0.77% | 0.96% |
| ▃▂▄▃▁█▃▁ | Efficiency Ratio (%) | 71.9% | 69.8% | 76.8% | 72.1% | 62.4% | 92.7% | 71.5% | 66.0% |
| ▁▂▅▇▆▁██ | Cost of Funds (%) | 0.86% | 0.87% | 0.89% | 0.90% | 0.89% | 0.86% | 0.90% | 0.91% |
| █▃▃▃▅▁▁▁ | NPA / Assets (%) | 0.14% | 0.07% | 0.08% | 0.08% | 0.10% | 0.05% | 0.04% | 0.05% |
| █▂▄▃▅▁▁▁ | Net Charge-Off Ratio (%) | 0.38% | 0.18% | 0.23% | 0.20% | 0.25% | 0.12% | 0.12% | 0.12% |
| ▄▁▃▄█▆▆█ | Tang. Book Value ($M) | $77 | $73 | $76 | $77 | $82 | $79 | $79 | $81 |
| ▁▄▁▁▅▇██ | Gross Loans ($M) | $209 | $217 | $206 | $209 | $223 | $230 | $232 | $234 |
| ▁▂█▃▁▇▆▂ | Total Deposits ($M) | $489 | $498 | $527 | $501 | $490 | $518 | $515 | $494 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 15% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 6% |