Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.83% | +0.09 | 0.74% |
| Return on Equity (%) | ▲ | 9.08% | +0.93 | 8.15% |
| Net Interest Margin (%) | ▲ | 3.00% | +0.08 | 2.91% |
| Efficiency Ratio (%) | ▲ | 71.55% | -3.89 | 75.44% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.38 | $1 |
| Cost of Funds (%) | ▲ | 1.24% | -0.04 | 1.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $583 | +60.70 | $523 |
| Gross Loans ($M) | ▲ | $242 | +18.21 | $224 |
| Loan Growth YoY (%) | ▲ | 49.10% | +1.42 | 47.68% |
| Total Deposits ($M) | ▲ | $490 | +23.91 | $466 |
| Shareholders Equity ($M) | ▲ | $52 | +3.94 | $48 |
| Tang. Book Value ($M) | ▲ | $52 | +3.94 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $66 | +6.65 | $59 |
| Loan / Deposit Ratio (%) | ▲ | 49.10% | +1.42 | 47.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.15 | 0.30% |
| Allowance / Loans (%) | — | 0.52% | -0.10% | 0.62% |
| Net Charge-Off Ratio (%) | ▲ | 0.37% | -0.34 | 0.71% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.88M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▅▅▆▆██ | Net Interest Margin (%) | 2.82% | 2.87% | 2.91% | 2.91% | 2.94% | 2.94% | 2.98% | 3.00% |
| █▁▁▁▃▄▇█ | Return on Assets (%) | 0.84% | 0.74% | 0.74% | 0.74% | 0.77% | 0.78% | 0.82% | 0.83% |
| ▄▆▇█▆▆▁▁ | Efficiency Ratio (%) | 73.2% | 74.2% | 74.6% | 75.4% | 74.0% | 74.1% | 72.0% | 71.6% |
| █▆▃▃▁▄▂▂ | Cost of Funds (%) | 1.42% | 1.35% | 1.28% | 1.28% | 1.20% | 1.30% | 1.24% | 1.24% |
| ▂▂█▇▄▁▁▂ | NPA / Assets (%) | 0.15% | 0.16% | 0.36% | 0.30% | 0.23% | 0.11% | 0.14% | 0.15% |
| ▂▂█▇▅▁▁▂ | Net Charge-Off Ratio (%) | 0.34% | 0.37% | 0.85% | 0.71% | 0.56% | 0.26% | 0.33% | 0.37% |
| ▃▁▄▄▇███ | Tang. Book Value ($M) | $47 | $45 | $47 | $48 | $50 | $51 | $51 | $52 |
| ▁▂▂▄▄▅▆█ | Gross Loans ($M) | $212 | $218 | $219 | $224 | $226 | $230 | $234 | $242 |
| ▃▃▁▃▆██▇ | Total Deposits ($M) | $467 | $466 | $453 | $466 | $485 | $496 | $494 | $490 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 6% |
| Consumer | 3% |
| Other | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 8% |