Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.77% | +0.14 | 1.63% |
| Return on Equity (%) | ▲ | 20.92% | +0.19 | 20.73% |
| Net Interest Margin (%) | ▲ | 3.60% | +0.14 | 3.46% |
| Efficiency Ratio (%) | ▼ | 59.34% | +0.27 | 59.07% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.62 | $5 |
| Cost of Funds (%) | ▲ | 0.87% | -0.15 | 1.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,136 | +130.98 | $1,005 |
| Gross Loans ($M) | ▲ | $660 | +82.07 | $578 |
| Loan Growth YoY (%) | ▲ | 66.06% | +3.86 | 62.19% |
| Total Deposits ($M) | ▲ | $988 | +69.65 | $918 |
| Shareholders Equity ($M) | ▲ | $98 | +17.11 | $81 |
| Tang. Book Value ($M) | ▲ | $97 | +16.59 | $81 |
| TBV excl. AOCI ($M)** | ▲ | $117 | +17.33 | $100 |
| Loan / Deposit Ratio (%) | ▲ | 66.06% | +3.86 | 62.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.16 | 0.00% |
| Allowance / Loans (%) | — | 1.19% | -0.06% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.28% | +0.28 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▆▆▄█ | Net Interest Margin (%) | 3.21% | 3.28% | 3.32% | 3.46% | 3.48% | 3.46% | 3.37% | 3.60% |
| ▁▃▃▆█▇▇█ | Return on Assets (%) | 1.34% | 1.48% | 1.48% | 1.63% | 1.72% | 1.72% | 1.68% | 1.77% |
| ▅▄█▂▁▂█▃ | Efficiency Ratio (%) | 60.4% | 60.0% | 62.0% | 59.1% | 58.1% | 59.0% | 61.5% | 59.3% |
| ▁▃▂█▇▃▃▃ | Cost of Funds (%) | 0.78% | 0.85% | 0.82% | 1.02% | 0.97% | 0.86% | 0.87% | 0.87% |
| ▁▁▁▁█▃▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.37% | 0.11% | 0.15% | 0.16% |
| ▁▁▁▁█▃▄▄ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.00% | 0.00% | 0.66% | 0.21% | 0.27% | 0.28% |
| ▆▃▁▂▇███ | Tang. Book Value ($M) | $91 | $83 | $76 | $81 | $93 | $97 | $97 | $97 |
| ▁▂▃▄▆▆▇█ | Gross Loans ($M) | $498 | $521 | $544 | $578 | $603 | $607 | $633 | $660 |
| ▅▁▆▂▅██▆ | Total Deposits ($M) | $976 | $873 | $991 | $918 | $984 | $1,055 | $1,038 | $988 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 77% |
| C&I / Commercial | 17% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 7% |