Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.60% | +0.01 | 1.59% |
| Return on Equity (%) | ▼ | 15.06% | -0.52 | 15.58% |
| Net Interest Margin (%) | ▲ | 3.78% | +0.32 | 3.47% |
| Efficiency Ratio (%) | ▲ | 45.25% | -3.76 | 49.02% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.00 | $4 |
| Cost of Funds (%) | ▲ | 1.86% | -0.12 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $856 | +40.67 | $815 |
| Gross Loans ($M) | ▲ | $552 | +70.39 | $481 |
| Loan Growth YoY (%) | ▲ | 76.15% | +9.55 | 66.60% |
| Total Deposits ($M) | ▲ | $719 | +6.19 | $713 |
| Shareholders Equity ($M) | ▲ | $94 | +9.94 | $84 |
| Tang. Book Value ($M) | ▲ | $94 | +9.97 | $84 |
| TBV excl. AOCI ($M)** | ▲ | $105 | +8.99 | $96 |
| Loan / Deposit Ratio (%) | ▲ | 76.15% | +9.55 | 66.60% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.54% | -0.06 | 0.60% |
| Allowance / Loans (%) | — | 0.82% | -0.61% | 1.43% |
| Net Charge-Off Ratio (%) | ▲ | 0.72% | -0.12 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.04% | -0.38 | 18.42% |
Noninterest income ($1.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▆██ | Net Interest Margin (%) | 2.99% | 3.06% | 3.41% | 3.47% | 3.55% | 3.56% | 3.74% | 3.78% |
| ▁▄█▇▇▃▇▇ | Return on Assets (%) | 1.25% | 1.47% | 1.70% | 1.59% | 1.63% | 1.37% | 1.64% | 1.60% |
| █▄▄▅▃▅▁▁ | Efficiency Ratio (%) | 52.0% | 47.7% | 47.6% | 49.0% | 47.2% | 48.7% | 44.6% | 45.3% |
| █▇▃▃▃▂▂▁ | Cost of Funds (%) | 2.32% | 2.22% | 2.01% | 1.98% | 2.00% | 1.93% | 1.96% | 1.86% |
| ▁▁▂▂▁█▁▁ | NPA / Assets (%) | 0.53% | 0.56% | 0.66% | 0.60% | 0.49% | 1.34% | 0.57% | 0.54% |
| ▂▂▃▂▁█▂▂ | Net Charge-Off Ratio (%) | 0.78% | 0.79% | 0.90% | 0.84% | 0.50% | 1.94% | 0.73% | 0.72% |
| ▃▁▂▄▇▅▆█ | Tang. Book Value ($M) | $82 | $77 | $82 | $84 | $91 | $88 | $89 | $94 |
| ▁▁▂▃▅███ | Gross Loans ($M) | $451 | $454 | $468 | $481 | $511 | $542 | $544 | $552 |
| ▁▁▄▇▃▄██ | Total Deposits ($M) | $676 | $680 | $695 | $713 | $692 | $698 | $715 | $719 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 4% |
| Consumer | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 14% |