Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.56% | +0.29 | 2.28% |
| Return on Equity (%) | ▲ | 28.45% | +1.75 | 26.70% |
| Net Interest Margin (%) | ▲ | 4.83% | +0.29 | 4.54% |
| Efficiency Ratio (%) | ▲ | 54.88% | -1.93 | 56.82% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.72 | $2 |
| Cost of Funds (%) | ▲ | 1.95% | -0.37 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $428 | +26.68 | $401 |
| Gross Loans ($M) | ▲ | $368 | +40.83 | $327 |
| Loan Growth YoY (%) | ▲ | 94.44% | +5.58 | 88.86% |
| Total Deposits ($M) | ▲ | $384 | +20.87 | $363 |
| Shareholders Equity ($M) | ▲ | $40 | +5.47 | $34 |
| Tang. Book Value ($M) | ▲ | $40 | +5.47 | $34 |
| Loan / Deposit Ratio (%) | ▲ | 94.44% | +5.58 | 88.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.06 | 0.22% |
| Allowance / Loans (%) | — | 1.33% | 0.10% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.09 | 0.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.78% | +0.10 | 11.68% |
Noninterest income ($1.69M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▇▆█ | Net Interest Margin (%) | 4.10% | 4.16% | 4.36% | 4.54% | 4.60% | 4.66% | 4.64% | 4.83% |
| ▁▁▄▅▆▆▆█ | Return on Assets (%) | 1.83% | 1.91% | 2.13% | 2.28% | 2.32% | 2.30% | 2.32% | 2.56% |
| ██▂▃▂▄▃▁ | Efficiency Ratio (%) | 60.5% | 60.0% | 56.3% | 56.8% | 56.2% | 57.3% | 56.5% | 54.9% |
| ██▆▅▄▃▁▁ | Cost of Funds (%) | 2.60% | 2.60% | 2.37% | 2.32% | 2.20% | 2.18% | 1.96% | 1.95% |
| ▆▅█▆▅▅▁▁ | NPA / Assets (%) | 0.22% | 0.21% | 0.27% | 0.22% | 0.21% | 0.22% | 0.15% | 0.16% |
| ▃▃█▆▅▆▁▁ | Net Charge-Off Ratio (%) | 0.23% | 0.21% | 0.31% | 0.27% | 0.26% | 0.27% | 0.18% | 0.18% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $31 | $32 | $33 | $34 | $36 | $37 | $38 | $40 |
| ▂▁▁▁▃▅▇█ | Gross Loans ($M) | $333 | $326 | $330 | $327 | $338 | $349 | $358 | $368 |
| ▁▁▃▅▇███ | Total Deposits ($M) | $325 | $322 | $344 | $363 | $377 | $381 | $389 | $384 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 9% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 18% |