Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.95% | +0.03 | 1.92% |
| Return on Equity (%) | ▲ | 13.22% | +0.13 | 13.09% |
| Net Interest Margin (%) | ▼ | 3.67% | -0.07 | 3.74% |
| Efficiency Ratio (%) | ▲ | 37.48% | -6.80 | 44.27% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.28 | $1 |
| Cost of Funds (%) | ▲ | 1.33% | -0.10 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $191 | +25.15 | $166 |
| Gross Loans ($M) | ▲ | $57 | +5.44 | $52 |
| Loan Growth YoY (%) | ▼ | 35.00% | -1.52 | 36.52% |
| Total Deposits ($M) | ▲ | $162 | +21.34 | $141 |
| Shareholders Equity ($M) | ▲ | $28 | +3.54 | $24 |
| Tang. Book Value ($M) | ▲ | $28 | +3.54 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $32 | +4.25 | $27 |
| Loan / Deposit Ratio (%) | ▼ | 35.00% | -1.52 | 36.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.28% | +0.28 | 0.00% |
| Allowance / Loans (%) | — | 1.27% | 0.08% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 0.94% | +0.94 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 25.80% | +1.09 | 24.70% |
Noninterest income ($0.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▂▃▃▃▁▂ | Net Interest Margin (%) | 4.11% | 4.08% | 3.69% | 3.74% | 3.74% | 3.77% | 3.58% | 3.67% |
| █▆█▅▃▁▁▆ | Return on Assets (%) | 2.01% | 1.95% | 2.01% | 1.92% | 1.88% | 1.80% | 1.81% | 1.95% |
| ▅▅█▆▅▆▄▁ | Efficiency Ratio (%) | 42.8% | 43.7% | 47.9% | 44.3% | 43.8% | 45.2% | 42.2% | 37.5% |
| ▆█▄▆▄▆▁▁ | Cost of Funds (%) | 1.41% | 1.46% | 1.39% | 1.42% | 1.38% | 1.42% | 1.33% | 1.33% |
| ▁▁▁▁▁▁▁█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.28% |
| ▁▁▁▁▁▁▁█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.94% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $22 | $22 | $23 | $24 | $26 | $27 | $27 | $28 |
| ▁▄▁▁▆██▇ | Gross Loans ($M) | $51 | $54 | $52 | $52 | $56 | $59 | $58 | $57 |
| ▁▁▂▄▅▅██ | Total Deposits ($M) | $128 | $128 | $136 | $141 | $148 | $148 | $158 | $162 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 15% |