Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.40% | +0.30 | 1.09% |
| Return on Equity (%) | ▲ | 14.77% | +2.37 | 12.40% |
| Net Interest Margin (%) | ▲ | 3.99% | +0.24 | 3.75% |
| Efficiency Ratio (%) | ▲ | 56.79% | -4.51 | 61.30% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.91 | $3 |
| Cost of Funds (%) | ▲ | 1.60% | -0.23 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $867 | +49.34 | $817 |
| Gross Loans ($M) | ▲ | $665 | +43.96 | $621 |
| Loan Growth YoY (%) | ▲ | 91.61% | +3.12 | 88.50% |
| Total Deposits ($M) | ▲ | $714 | +23.61 | $690 |
| Shareholders Equity ($M) | ▲ | $86 | +11.43 | $74 |
| Tang. Book Value ($M) | ▲ | $86 | +11.43 | $74 |
| TBV excl. AOCI ($M)** | ▲ | $92 | +11.59 | $80 |
| Loan / Deposit Ratio (%) | ▲ | 91.61% | +3.12 | 88.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.06 | 0.16% |
| Allowance / Loans (%) | — | 1.65% | 0.01% | 1.64% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.08 | 0.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.62% | +0.94 | 10.67% |
Noninterest income ($1.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▃▄▅▆█ | Net Interest Margin (%) | 3.64% | 3.68% | 3.65% | 3.75% | 3.79% | 3.82% | 3.88% | 3.99% |
| ▂▂▂▁▂▄▆█ | Return on Assets (%) | 1.15% | 1.15% | 1.13% | 1.09% | 1.16% | 1.22% | 1.29% | 1.40% |
| ██▇█▇▄▁▁ | Efficiency Ratio (%) | 60.7% | 60.7% | 60.3% | 61.3% | 60.2% | 58.8% | 56.9% | 56.8% |
| ▄▅▆█▇▁▁▂ | Cost of Funds (%) | 1.66% | 1.70% | 1.73% | 1.83% | 1.77% | 1.55% | 1.55% | 1.60% |
| ▆▆▅█▃▁▁▂ | NPA / Assets (%) | 0.13% | 0.13% | 0.12% | 0.16% | 0.11% | 0.09% | 0.08% | 0.10% |
| ▆▆▅█▃▂▁▂ | Net Charge-Off Ratio (%) | 0.18% | 0.17% | 0.17% | 0.21% | 0.14% | 0.12% | 0.11% | 0.13% |
| ▁▁▂▃▄▆▇█ | Tang. Book Value ($M) | $69 | $70 | $73 | $74 | $78 | $80 | $82 | $86 |
| ▁▂▁▂▁▃██ | Gross Loans ($M) | $609 | $622 | $614 | $621 | $615 | $625 | $660 | $665 |
| ▁▁▅▁▂██▄ | Total Deposits ($M) | $687 | $693 | $715 | $690 | $698 | $740 | $742 | $714 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 11% |
| Consumer | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 7% |