Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.55% | +0.33 | 2.22% |
| Return on Equity (%) | ▲ | 17.09% | +1.40 | 15.69% |
| Net Interest Margin (%) | ▼ | 5.09% | -0.12 | 5.20% |
| Efficiency Ratio (%) | ▲ | 47.88% | -4.49 | 52.37% |
| Pre-Provision Profit ($M) | ▲ | $8 | +1.10 | $7 |
| Cost of Funds (%) | ▼ | 0.67% | +0.00 | 0.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $999 | +67.69 | $931 |
| Gross Loans ($M) | ▲ | $541 | +11.36 | $530 |
| Loan Growth YoY (%) | ▼ | 62.99% | -2.70 | 65.68% |
| Total Deposits ($M) | ▲ | $843 | +52.14 | $790 |
| Shareholders Equity ($M) | ▲ | $149 | +16.45 | $133 |
| Tang. Book Value ($M) | ▲ | $149 | +16.69 | $133 |
| TBV excl. AOCI ($M)** | ▲ | $165 | +19.58 | $145 |
| Loan / Deposit Ratio (%) | ▼ | 62.99% | -2.70 | 65.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.43% | +0.18 | 0.24% |
| Allowance / Loans (%) | — | 1.91% | -0.07% | 1.98% |
| Net Charge-Off Ratio (%) | ▼ | 0.79% | +0.59 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 25.46% | +1.81 | 23.65% |
Noninterest income ($2.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▆▆▅▁▃ | Net Interest Margin (%) | 5.30% | 5.32% | 5.14% | 5.20% | 5.22% | 5.18% | 5.00% | 5.09% |
| ▄▄▁▁▂▂▇█ | Return on Assets (%) | 2.36% | 2.36% | 2.19% | 2.22% | 2.25% | 2.24% | 2.48% | 2.55% |
| ▂▃██▇▇▁▁ | Efficiency Ratio (%) | 49.0% | 49.8% | 53.0% | 52.4% | 52.0% | 52.1% | 48.2% | 47.9% |
| ▁▃▁▅▇█▅▆ | Cost of Funds (%) | 0.61% | 0.64% | 0.61% | 0.67% | 0.69% | 0.71% | 0.67% | 0.67% |
| ▁▁█▂██▅▇ | NPA / Assets (%) | 0.20% | 0.20% | 0.48% | 0.24% | 0.50% | 0.47% | 0.36% | 0.43% |
| ▁▁▇▂▇▇▇█ | Net Charge-Off Ratio (%) | 0.10% | 0.10% | 0.62% | 0.20% | 0.66% | 0.62% | 0.67% | 0.79% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $125 | $125 | $130 | $133 | $140 | $144 | $146 | $149 |
| █▄▁▃▂▄▂█ | Gross Loans ($M) | $540 | $532 | $524 | $530 | $527 | $531 | $526 | $541 |
| ▁▁▃▄▄▆▇█ | Total Deposits ($M) | $764 | $757 | $783 | $790 | $799 | $814 | $831 | $843 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 3% |