Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.35% | -0.08 | 1.43% |
| Return on Equity (%) | ▼ | 15.08% | -2.48 | 17.56% |
| Net Interest Margin (%) | ▲ | 3.72% | +0.36 | 3.36% |
| Efficiency Ratio (%) | ▲ | 61.90% | -0.11 | 62.01% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.34 | $2 |
| Cost of Funds (%) | ▲ | 1.80% | -0.16 | 1.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $407 | +3.69 | $403 |
| Gross Loans ($M) | ▲ | $309 | +13.96 | $295 |
| Loan Growth YoY (%) | ▲ | 87.73% | +5.12 | 82.61% |
| Total Deposits ($M) | ▼ | $346 | -5.11 | $351 |
| Shareholders Equity ($M) | ▲ | $37 | +4.09 | $33 |
| Tang. Book Value ($M) | ▲ | $37 | +4.09 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $41 | +4.15 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 87.73% | +5.12 | 82.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.02% | 0.00 | 0.02% |
| Allowance / Loans (%) | — | 1.76% | 0.07% | 1.69% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.00 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▆▇█ | Net Interest Margin (%) | 3.07% | 3.12% | 3.36% | 3.36% | 3.40% | 3.51% | 3.58% | 3.72% |
| ▁▁█▅▄▄▃▄ | Return on Assets (%) | 1.13% | 1.15% | 1.63% | 1.43% | 1.33% | 1.33% | 1.31% | 1.35% |
| █▇▁▂▂▃▂▂ | Efficiency Ratio (%) | 68.3% | 67.2% | 60.8% | 62.0% | 62.3% | 62.9% | 61.8% | 61.9% |
| ██▄▇▇▅▁▂ | Cost of Funds (%) | 1.98% | 2.01% | 1.85% | 1.97% | 1.96% | 1.91% | 1.75% | 1.80% |
| █▂▁▁██▁▁ | NPA / Assets (%) | 0.04% | 0.03% | 0.02% | 0.02% | 0.04% | 0.04% | 0.02% | 0.02% |
| █▂▁▁█▇▁▁ | Net Charge-Off Ratio (%) | 0.05% | 0.03% | 0.03% | 0.03% | 0.05% | 0.05% | 0.03% | 0.03% |
| ▁▁▂▄▅▇▆█ | Tang. Book Value ($M) | $31 | $30 | $31 | $33 | $34 | $36 | $35 | $37 |
| ▁▄▅▅▅███ | Gross Loans ($M) | $276 | $290 | $297 | $295 | $298 | $309 | $311 | $309 |
| ▁▁▃▇█▃▇▆ | Total Deposits ($M) | $323 | $326 | $335 | $351 | $356 | $333 | $350 | $346 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 6% |