Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.74% | -0.14 | 0.89% |
| Return on Equity (%) | ▼ | 5.11% | -1.28 | 6.39% |
| Net Interest Margin (%) | ▲ | 3.09% | +0.39 | 2.70% |
| Efficiency Ratio (%) | ▲ | 66.31% | -5.95 | 72.27% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.23 | $4 |
| Cost of Funds (%) | ▲ | 1.63% | -0.19 | 1.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,503 | +55.09 | $1,448 |
| Gross Loans ($M) | ▲ | $883 | +45.77 | $837 |
| Loan Growth YoY (%) | ▲ | 75.41% | +2.09 | 73.33% |
| Total Deposits ($M) | ▲ | $1,154 | +29.12 | $1,125 |
| Shareholders Equity ($M) | ▲ | $221 | +17.16 | $204 |
| Tang. Book Value ($M) | ▲ | $220 | +17.27 | $203 |
| TBV excl. AOCI ($M)** | ▲ | $245 | +19.10 | $226 |
| Loan / Deposit Ratio (%) | ▲ | 75.41% | +2.09 | 73.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.06 | 0.09% |
| Allowance / Loans (%) | — | 1.42% | -0.04% | 1.46% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.11 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▃▄▅██ | Net Interest Margin (%) | 2.49% | 2.51% | 2.66% | 2.70% | 2.75% | 2.81% | 3.05% | 3.09% |
| ██▃▇▇█▁▆ | Return on Assets (%) | 1.09% | 1.15% | 0.44% | 0.89% | 0.95% | 1.06% | 0.06% | 0.74% |
| █▄▇▆▄▁▁▁ | Efficiency Ratio (%) | 75.1% | 70.2% | 73.7% | 72.3% | 69.4% | 65.8% | 66.8% | 66.3% |
| █▇▄▅▄▃▁▁ | Cost of Funds (%) | 2.03% | 1.94% | 1.78% | 1.82% | 1.81% | 1.74% | 1.59% | 1.63% |
| ▂▂▆██▅▇▁ | NPA / Assets (%) | 0.05% | 0.04% | 0.07% | 0.09% | 0.09% | 0.07% | 0.08% | 0.03% |
| ▂▂▆█▇▅▇▁ | Net Charge-Off Ratio (%) | 0.08% | 0.07% | 0.13% | 0.16% | 0.15% | 0.12% | 0.14% | 0.05% |
| ▁▁▃▄▆▇▇█ | Tang. Book Value ($M) | $189 | $188 | $196 | $203 | $210 | $215 | $214 | $220 |
| ▁▁▂▃▆▅██ | Gross Loans ($M) | $821 | $827 | $833 | $837 | $863 | $854 | $876 | $883 |
| ▁▄▄▆▇███ | Total Deposits ($M) | $1,059 | $1,099 | $1,106 | $1,125 | $1,138 | $1,162 | $1,161 | $1,154 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 7% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 10% |