Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.97% | +0.01 | 0.97% |
| Return on Equity (%) | — | 9.39% | 0.00 | 9.39% |
| Net Interest Margin (%) | ▲ | 3.64% | +0.32 | 3.32% |
| Efficiency Ratio (%) | ▼ | 76.60% | +3.69 | 72.90% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.16 | $4 |
| Cost of Funds (%) | ▼ | 2.30% | +0.13 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,473 | +119.66 | $1,354 |
| Gross Loans ($M) | ▲ | $1,067 | +113.74 | $954 |
| Loan Growth YoY (%) | ▼ | 82.99% | -3.61 | 86.61% |
| Total Deposits ($M) | ▲ | $1,274 | +184.35 | $1,090 |
| Shareholders Equity ($M) | ▲ | $155 | +19.11 | $136 |
| Tang. Book Value ($M) | ▲ | $87 | +7.92 | $79 |
| TBV excl. AOCI ($M)** | ▲ | $100 | +7.45 | $92 |
| Loan / Deposit Ratio (%) | ▼ | 82.99% | -3.61 | 86.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -0.02 | 0.20% |
| Allowance / Loans (%) | — | 0.94% | -0.10% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -0.03 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($6.52M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▃▁▂▃▃▅█ | Net Interest Margin (%) | 3.45% | 3.38% | 3.25% | 3.32% | 3.36% | 3.39% | 3.46% | 3.64% |
| ▂▁▇███▂█ | Return on Assets (%) | 0.74% | 0.66% | 0.90% | 0.97% | 0.95% | 0.94% | 0.73% | 0.97% |
| ▆▆▂▁▂▄█▄ | Efficiency Ratio (%) | 78.1% | 78.3% | 74.3% | 72.9% | 74.6% | 76.2% | 80.7% | 76.6% |
| █▅▂▁▃▂▁▃ | Cost of Funds (%) | 2.94% | 2.57% | 2.27% | 2.17% | 2.38% | 2.27% | 2.08% | 2.30% |
| ▁▁▃█▄█▂▆ | NPA / Assets (%) | 0.10% | 0.11% | 0.14% | 0.20% | 0.15% | 0.21% | 0.12% | 0.18% |
| ▁▂▄▇▅█▃▆ | Net Charge-Off Ratio (%) | 0.11% | 0.15% | 0.19% | 0.28% | 0.21% | 0.30% | 0.17% | 0.25% |
| █▁▂▃▇█▆█ | Tang. Book Value ($M) | $88 | $75 | $78 | $79 | $86 | $88 | $85 | $87 |
| ▂▁▁▂▃▄▇█ | Gross Loans ($M) | $941 | $927 | $920 | $954 | $970 | $991 | $1,044 | $1,067 |
| ▃▁▃▄▅▆▇█ | Total Deposits ($M) | $1,074 | $954 | $1,062 | $1,090 | $1,137 | $1,177 | $1,201 | $1,274 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 48% |
| Brokered / Other | 32% |