Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.24% | +0.90 | 1.34% |
| Return on Equity (%) | ▲ | 26.54% | +5.78 | 20.76% |
| Net Interest Margin (%) | ▲ | 3.34% | +0.07 | 3.27% |
| Efficiency Ratio (%) | ▲ | 44.83% | -9.15 | 53.98% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.53 | $2 |
| Cost of Funds (%) | ▲ | 1.05% | -0.01 | 1.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $359 | +7.41 | $352 |
| Gross Loans ($M) | ▲ | $182 | +6.30 | $176 |
| Loan Growth YoY (%) | ▲ | 55.22% | +1.96 | 53.25% |
| Total Deposits ($M) | ▼ | $326 | -0.54 | $327 |
| Shareholders Equity ($M) | ▲ | $32 | +7.84 | $24 |
| Tang. Book Value ($M) | ▲ | $32 | +7.84 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $39 | +8.12 | $31 |
| Loan / Deposit Ratio (%) | ▲ | 55.22% | +1.96 | 53.25% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.18 | 0.41% |
| Allowance / Loans (%) | — | 0.87% | 0.07% | 0.80% |
| Net Charge-Off Ratio (%) | ▼ | 0.45% | +0.16 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▅▇▇▅█ | Net Interest Margin (%) | 3.19% | 3.20% | 3.17% | 3.27% | 3.31% | 3.30% | 3.27% | 3.34% |
| ▁▁▁▁▁▁▁█ | Return on Assets (%) | 1.32% | 1.29% | 1.34% | 1.34% | 1.33% | 1.30% | 1.39% | 2.24% |
| ▇█▇▇▇█▆▁ | Efficiency Ratio (%) | 54.4% | 56.6% | 53.9% | 54.0% | 55.0% | 56.1% | 53.0% | 44.8% |
| ▅█▂▂▁▇▂▁ | Cost of Funds (%) | 1.10% | 1.14% | 1.05% | 1.06% | 1.04% | 1.12% | 1.06% | 1.05% |
| ▁▁▂█▁▂▃▄ | NPA / Assets (%) | 0.12% | 0.13% | 0.18% | 0.41% | 0.13% | 0.17% | 0.20% | 0.23% |
| ▁▁▄▄▃▅▇█ | Net Charge-Off Ratio (%) | 0.16% | 0.19% | 0.30% | 0.29% | 0.26% | 0.34% | 0.40% | 0.45% |
| ▃▁▂▃▆▇▇█ | Tang. Book Value ($M) | $24 | $21 | $23 | $24 | $28 | $29 | $30 | $32 |
| ▁▁▁▂▅█▆▇ | Gross Loans ($M) | $173 | $173 | $174 | $176 | $179 | $183 | $180 | $182 |
| ▁▂█▁▄▄▄▁ | Total Deposits ($M) | $327 | $328 | $334 | $327 | $330 | $330 | $330 | $326 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 17% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 8% |