Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.65 | 0.39% |
| Return on Equity (%) | ▲ | 10.37% | +6.55 | 3.82% |
| Net Interest Margin (%) | ▲ | 3.45% | +0.66 | 2.79% |
| Efficiency Ratio (%) | ▲ | 67.45% | -16.10 | 83.56% |
| Pre-Provision Profit ($M) | ▲ | $5 | +2.79 | $2 |
| Cost of Funds (%) | ▲ | 1.63% | -0.13 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,495 | +311.72 | $1,183 |
| Gross Loans ($M) | ▲ | $1,162 | +268.20 | $894 |
| Loan Growth YoY (%) | ▲ | 87.48% | +2.51 | 84.97% |
| Total Deposits ($M) | ▲ | $1,318 | +272.79 | $1,046 |
| Shareholders Equity ($M) | ▲ | $151 | +29.28 | $122 |
| Tang. Book Value ($M) | ▲ | $133 | +14.66 | $118 |
| TBV excl. AOCI ($M)** | ▲ | $142 | +14.34 | $128 |
| Loan / Deposit Ratio (%) | ▲ | 87.48% | +2.51 | 84.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.39% | +0.26 | 0.14% |
| Allowance / Loans (%) | — | 0.76% | 0.15% | 0.62% |
| Net Charge-Off Ratio (%) | ▼ | 0.50% | +0.32 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆██ | Net Interest Margin (%) | 2.43% | 2.48% | 2.67% | 2.79% | 3.02% | 3.18% | 3.42% | 3.45% |
| ▁▁▁▂▃▃▇█ | Return on Assets (%) | 0.21% | 0.17% | 0.23% | 0.39% | 0.49% | 0.49% | 0.87% | 1.03% |
| ██▆▅▅▅▁▁ | Efficiency Ratio (%) | 93.6% | 92.3% | 86.7% | 83.6% | 80.8% | 80.7% | 69.3% | 67.5% |
| █▇▄▄▅▃▁▁ | Cost of Funds (%) | 2.02% | 1.91% | 1.79% | 1.76% | 1.81% | 1.71% | 1.58% | 1.63% |
| ▂▂▁▁▄▅▆█ | NPA / Assets (%) | 0.16% | 0.18% | 0.11% | 0.14% | 0.23% | 0.28% | 0.31% | 0.39% |
| ▂▃▁▁▄▅▆█ | Net Charge-Off Ratio (%) | 0.22% | 0.24% | 0.15% | 0.18% | 0.30% | 0.36% | 0.41% | 0.50% |
| ▁▁▁▂▄▅▆█ | Tang. Book Value ($M) | $114 | $114 | $116 | $118 | $122 | $124 | $128 | $133 |
| ▁▁▁▂▇███ | Gross Loans ($M) | $853 | $859 | $876 | $894 | $1,117 | $1,138 | $1,130 | $1,162 |
| ▁▁▁▁▇███ | Total Deposits ($M) | $1,009 | $1,019 | $1,045 | $1,046 | $1,277 | $1,285 | $1,302 | $1,318 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 8% |