Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.21% | +0.10 | 1.10% |
| Return on Equity (%) | ▲ | 13.99% | +0.35 | 13.64% |
| Net Interest Margin (%) | ▲ | 4.29% | +0.12 | 4.17% |
| Efficiency Ratio (%) | ▲ | 70.07% | -3.07 | 73.13% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.30 | $3 |
| Cost of Funds (%) | ▲ | 1.09% | -0.01 | 1.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $991 | +25.97 | $965 |
| Gross Loans ($M) | ▲ | $718 | +53.06 | $665 |
| Loan Growth YoY (%) | ▲ | 80.23% | +4.34 | 75.89% |
| Total Deposits ($M) | ▲ | $885 | +18.55 | $866 |
| Shareholders Equity ($M) | ▲ | $85 | +6.31 | $79 |
| Tang. Book Value ($M) | ▲ | $85 | +6.31 | $79 |
| TBV excl. AOCI ($M)** | ▲ | $93 | +4.78 | $89 |
| Loan / Deposit Ratio (%) | ▲ | 80.23% | +4.34 | 75.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.08% | +0.06 | 0.02% |
| Allowance / Loans (%) | — | 1.09% | -0.00% | 1.09% |
| Net Charge-Off Ratio (%) | ▼ | 0.11% | +0.08 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.63% | -0.31 | 12.94% |
Noninterest income ($2.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▆▆▇██ | Net Interest Margin (%) | 3.88% | 3.95% | 4.09% | 4.17% | 4.19% | 4.22% | 4.31% | 4.29% |
| ▆▅▁▃▅▆█▇ | Return on Assets (%) | 1.17% | 1.14% | 1.04% | 1.10% | 1.14% | 1.17% | 1.24% | 1.21% |
| ▃▅█▇▆▅▁▂ | Efficiency Ratio (%) | 71.2% | 72.0% | 74.1% | 73.1% | 72.4% | 71.9% | 69.5% | 70.1% |
| █▂▁▃▃▆▅▂ | Cost of Funds (%) | 1.17% | 1.08% | 1.06% | 1.10% | 1.10% | 1.13% | 1.12% | 1.09% |
| ▁▁▄▂▁▂▁█ | NPA / Assets (%) | 0.01% | 0.01% | 0.04% | 0.02% | 0.02% | 0.02% | 0.01% | 0.08% |
| ▁▁▄▂▂▂▁█ | Net Charge-Off Ratio (%) | 0.02% | 0.01% | 0.05% | 0.03% | 0.02% | 0.03% | 0.01% | 0.11% |
| ▃▁▂▄▆███ | Tang. Book Value ($M) | $78 | $75 | $77 | $79 | $82 | $84 | $84 | $85 |
| ▁▁▂▂▂█▅█ | Gross Loans ($M) | $652 | $660 | $664 | $665 | $664 | $712 | $693 | $718 |
| ▃▁▂▅█▆▂▇ | Total Deposits ($M) | $855 | $840 | $849 | $866 | $892 | $875 | $851 | $885 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 1% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 14% |