Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.12% | +0.58 | 0.54% |
| Return on Equity (%) | ▲ | 12.24% | +6.69 | 5.55% |
| Net Interest Margin (%) | ▲ | 4.12% | +0.59 | 3.53% |
| Efficiency Ratio (%) | ▲ | 68.11% | -14.11 | 82.22% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.99 | $1 |
| Cost of Funds (%) | ▲ | 1.08% | -0.17 | 1.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $691 | +201.60 | $489 |
| Gross Loans ($M) | ▲ | $467 | +156.69 | $310 |
| Loan Growth YoY (%) | ▲ | 77.67% | +4.23 | 73.43% |
| Total Deposits ($M) | ▲ | $594 | +176.08 | $418 |
| Shareholders Equity ($M) | ▲ | $64 | +13.26 | $51 |
| Tang. Book Value ($M) | ▲ | $60 | +9.56 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $67 | +10.11 | $57 |
| Loan / Deposit Ratio (%) | ▲ | 77.67% | +4.23 | 73.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.01 | 0.02% |
| Allowance / Loans (%) | — | 1.19% | 0.13% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.02 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.27M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▆██ | Net Interest Margin (%) | 3.00% | 3.06% | 3.46% | 3.53% | 3.60% | 3.74% | 4.03% | 4.12% |
| ▁▃▂▁▁▂▇█ | Return on Assets (%) | 0.50% | 0.70% | 0.63% | 0.54% | 0.50% | 0.62% | 1.00% | 1.12% |
| █▆▆██▇▃▁ | Efficiency Ratio (%) | 82.9% | 78.0% | 78.3% | 82.2% | 83.3% | 80.5% | 72.5% | 68.1% |
| █▅▄▃▃▂▁▁ | Cost of Funds (%) | 1.54% | 1.36% | 1.27% | 1.25% | 1.23% | 1.16% | 1.13% | 1.08% |
| ▆▅▆▁▁█▁▁ | NPA / Assets (%) | 0.14% | 0.12% | 0.14% | 0.02% | 0.03% | 0.19% | 0.02% | 0.01% |
| ▆▁▁▁▂█▁▁ | Net Charge-Off Ratio (%) | 0.23% | 0.01% | 0.03% | 0.04% | 0.05% | 0.31% | 0.04% | 0.02% |
| ▄▄▅▅▁███ | Tang. Book Value ($M) | $49 | $47 | $50 | $51 | $38 | $59 | $60 | $60 |
| ▁▁▁▁▁▇██ | Gross Loans ($M) | $315 | $326 | $320 | $310 | $308 | $441 | $467 | $467 |
| ▁▂▁▁▁███ | Total Deposits ($M) | $437 | $445 | $434 | $418 | $414 | $603 | $607 | $594 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 17% |
| Consumer | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 8% |