Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.24% | +0.18 | 0.07% |
| Return on Equity (%) | ▲ | 2.62% | +1.86 | 0.76% |
| Net Interest Margin (%) | ▲ | 2.39% | +0.32 | 2.07% |
| Efficiency Ratio (%) | ▲ | 90.27% | -6.79 | 97.06% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.46 | $1 |
| Cost of Funds (%) | ▲ | 2.53% | -0.04 | 2.57% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,471 | +31.58 | $1,440 |
| Gross Loans ($M) | ▲ | $1,197 | +43.49 | $1,154 |
| Loan Growth YoY (%) | ▲ | 118.73% | +5.85 | 112.88% |
| Total Deposits ($M) | ▼ | $1,004 | -13.66 | $1,018 |
| Shareholders Equity ($M) | ▲ | $137 | +10.75 | $127 |
| Tang. Book Value ($M) | ▲ | $133 | +10.75 | $122 |
| TBV excl. AOCI ($M)** | ▲ | $142 | +10.54 | $131 |
| Loan / Deposit Ratio (%) | ▲ | 118.73% | +5.85 | 112.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.08 | 0.03% |
| Allowance / Loans (%) | — | 0.42% | 0.00% | 0.42% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.10 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▅██ | Net Interest Margin (%) | 1.90% | 1.93% | 2.04% | 2.07% | 2.13% | 2.19% | 2.38% | 2.39% |
| ▃▄▁▃▆█▆█ | Return on Assets (%) | 0.06% | 0.11% | -0.01% | 0.07% | 0.17% | 0.22% | 0.17% | 0.24% |
| █▆█▆▃▁▁▁ | Efficiency Ratio (%) | 100.1% | 96.8% | 100.2% | 97.1% | 92.9% | 90.9% | 90.2% | 90.3% |
| ▃█▆▆▇▄▁▄ | Cost of Funds (%) | 2.52% | 2.61% | 2.57% | 2.57% | 2.58% | 2.54% | 2.49% | 2.53% |
| █▃▃▁▁▁██ | NPA / Assets (%) | 0.11% | 0.04% | 0.05% | 0.03% | 0.02% | 0.02% | 0.11% | 0.11% |
| █▃▃▁▁▁██ | Net Charge-Off Ratio (%) | 0.14% | 0.06% | 0.07% | 0.04% | 0.03% | 0.03% | 0.14% | 0.14% |
| ▁▁▁▁▃▆▇█ | Tang. Book Value ($M) | $122 | $121 | $122 | $122 | $125 | $129 | $131 | $133 |
| ▁▁▁▃▅▆▇█ | Gross Loans ($M) | $1,138 | $1,136 | $1,134 | $1,154 | $1,170 | $1,176 | $1,182 | $1,197 |
| ▁▂▂▃█▅▂▁ | Total Deposits ($M) | $1,006 | $1,011 | $1,011 | $1,018 | $1,054 | $1,032 | $1,014 | $1,004 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 27% |