Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.09% | +0.45 | 0.65% |
| Return on Equity (%) | ▲ | 12.58% | +4.43 | 8.15% |
| Net Interest Margin (%) | ▲ | 3.35% | +0.55 | 2.80% |
| Efficiency Ratio (%) | ▲ | 61.91% | -12.43 | 74.34% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.27 | $2 |
| Cost of Funds (%) | ▲ | 1.71% | -0.17 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $931 | +26.10 | $905 |
| Gross Loans ($M) | ▲ | $732 | +37.44 | $695 |
| Loan Growth YoY (%) | ▲ | 93.49% | +1.30 | 92.19% |
| Total Deposits ($M) | ▲ | $776 | +28.81 | $747 |
| Shareholders Equity ($M) | ▲ | $82 | +11.59 | $71 |
| Tang. Book Value ($M) | ▲ | $81 | +11.59 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $88 | +11.19 | $76 |
| Loan / Deposit Ratio (%) | ▲ | 93.49% | +1.30 | 92.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.39% | +0.37 | 0.02% |
| Allowance / Loans (%) | — | 0.89% | 0.07% | 0.83% |
| Net Charge-Off Ratio (%) | ▼ | 0.50% | +0.47 | 0.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.17 | 12.17% |
Noninterest income ($1.96M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▅██ | Net Interest Margin (%) | 2.48% | 2.52% | 2.69% | 2.80% | 2.91% | 2.99% | 3.32% | 3.35% |
| ▁▁▂▂▄▄██ | Return on Assets (%) | 0.51% | 0.49% | 0.57% | 0.65% | 0.74% | 0.77% | 1.15% | 1.09% |
| ██▇▆▅▄▁▁ | Efficiency Ratio (%) | 80.5% | 80.3% | 77.1% | 74.3% | 72.0% | 70.6% | 61.1% | 61.9% |
| █▅▄▄▅▄▂▁ | Cost of Funds (%) | 2.07% | 1.92% | 1.88% | 1.88% | 1.90% | 1.85% | 1.77% | 1.71% |
| ▁▁▁▁▁▁▂█ | NPA / Assets (%) | 0.01% | 0.01% | 0.02% | 0.02% | 0.03% | 0.03% | 0.09% | 0.39% |
| ▁▁▁▁▁▁▂█ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.02% | 0.02% | 0.03% | 0.04% | 0.11% | 0.50% |
| ▂▁▂▃▅▆▇█ | Tang. Book Value ($M) | $67 | $65 | $68 | $70 | $74 | $77 | $79 | $81 |
| ▁▂▄▆▇███ | Gross Loans ($M) | $600 | $618 | $656 | $695 | $713 | $739 | $730 | $732 |
| ▁▁▂▅▆█▇▇ | Total Deposits ($M) | $688 | $701 | $714 | $747 | $762 | $795 | $771 | $776 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 6% |