Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.66% | +0.79 | 0.87% |
| Return on Equity (%) | ▲ | 19.21% | +7.57 | 11.64% |
| Net Interest Margin (%) | ▲ | 3.41% | +0.19 | 3.22% |
| Efficiency Ratio (%) | ▲ | 61.26% | -12.65 | 73.91% |
| Pre-Provision Profit ($M) | ▲ | $6 | +4.31 | $2 |
| Cost of Funds (%) | ▲ | 1.97% | -0.19 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,003 | +21.34 | $981 |
| Gross Loans ($M) | ▼ | $707 | -8.65 | $715 |
| Loan Growth YoY (%) | ▼ | 77.53% | -4.82 | 82.35% |
| Total Deposits ($M) | ▲ | $890 | +41.57 | $849 |
| Shareholders Equity ($M) | ▲ | $91 | +12.72 | $78 |
| Tang. Book Value ($M) | ▲ | $91 | +12.72 | $78 |
| TBV excl. AOCI ($M)** | ▲ | $101 | +11.83 | $89 |
| Loan / Deposit Ratio (%) | ▼ | 77.53% | -4.82 | 82.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Allowance / Loans (%) | — | 2.32% | 0.03% | 2.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.28% | +0.77 | 14.51% |
Noninterest income ($4.45M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▂▃██ | Net Interest Margin (%) | 3.19% | 3.19% | 3.21% | 3.22% | 3.23% | 3.27% | 3.39% | 3.41% |
| ▃▁▁▁▁▂▁█ | Return on Assets (%) | 1.08% | 0.91% | 0.90% | 0.87% | 0.88% | 0.98% | 0.83% | 1.66% |
| ▃▆▇▇▇▆█▁ | Efficiency Ratio (%) | 66.7% | 71.9% | 72.6% | 73.9% | 73.5% | 71.0% | 76.1% | 61.3% |
| ██▄▄▂▁▁▁ | Cost of Funds (%) | 2.45% | 2.39% | 2.13% | 2.17% | 2.05% | 1.92% | 1.95% | 1.97% |
| ▁▁▁██▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% |
| ▁▁▁██▁▁▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% |
| ▃▁▃▄▆▇██ | Tang. Book Value ($M) | $75 | $69 | $74 | $78 | $83 | $88 | $88 | $91 |
| ▃▄▄▁▂█▆▁ | Gross Loans ($M) | $732 | $733 | $736 | $715 | $721 | $777 | $754 | $707 |
| ▁▁▅▂▆▇█▄ | Total Deposits ($M) | $832 | $836 | $907 | $849 | $917 | $933 | $953 | $890 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 10% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 17% |