Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.56% | +0.25 | 2.32% |
| Return on Equity (%) | ▲ | 17.18% | +0.91 | 16.27% |
| Net Interest Margin (%) | ▲ | 4.39% | +0.19 | 4.20% |
| Efficiency Ratio (%) | ▼ | 36.03% | +2.01 | 34.02% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.12 | $7 |
| Cost of Funds (%) | ▲ | 1.40% | -0.16 | 1.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $713 | -3.61 | $716 |
| Gross Loans ($M) | ▲ | $515 | +5.46 | $509 |
| Loan Growth YoY (%) | ▲ | 83.99% | +2.12 | 81.88% |
| Total Deposits ($M) | ▼ | $602 | -9.73 | $612 |
| Shareholders Equity ($M) | ▲ | $109 | +6.24 | $102 |
| Tang. Book Value ($M) | ▲ | $109 | +6.24 | $102 |
| TBV excl. AOCI ($M)** | ▲ | $112 | +6.65 | $105 |
| Loan / Deposit Ratio (%) | ▲ | 83.99% | +2.12 | 81.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.95% | +0.78 | 0.18% |
| Allowance / Loans (%) | — | 1.75% | 0.12% | 1.63% |
| Net Charge-Off Ratio (%) | ▼ | 1.32% | +1.07 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.92% | +1.25 | 18.67% |
Noninterest income ($2.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▆▆▇▆█ | Net Interest Margin (%) | 3.65% | 3.81% | 4.09% | 4.20% | 4.19% | 4.24% | 4.20% | 4.39% |
| ▂▁▆▅▆▆██ | Return on Assets (%) | 2.05% | 1.92% | 2.33% | 2.32% | 2.32% | 2.32% | 2.53% | 2.56% |
| █▅▄▄▃▁▇▆ | Efficiency Ratio (%) | 37.8% | 35.0% | 34.4% | 34.0% | 33.7% | 31.4% | 36.4% | 36.0% |
| █▅▃▃▄▃▁▁ | Cost of Funds (%) | 1.90% | 1.66% | 1.57% | 1.55% | 1.61% | 1.54% | 1.38% | 1.40% |
| ▆▃▁▁▅██▇ | NPA / Assets (%) | 0.76% | 0.49% | 0.25% | 0.18% | 0.74% | 1.02% | 1.10% | 0.95% |
| ▆▃▁▁▇▆▆█ | Net Charge-Off Ratio (%) | 0.98% | 0.65% | 0.34% | 0.25% | 1.07% | 0.99% | 1.04% | 1.32% |
| ▁▁▂▄▅▇██ | Tang. Book Value ($M) | $98 | $98 | $100 | $102 | $104 | $106 | $107 | $109 |
| ██▆▄▃▁▁▅ | Gross Loans ($M) | $533 | $531 | $520 | $509 | $506 | $491 | $496 | $515 |
| ▁▃▁▅▇█▃▃ | Total Deposits ($M) | $590 | $602 | $593 | $612 | $621 | $628 | $601 | $602 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 19% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 89% |
| Brokered / Other | 5% |