Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.64% | +0.24 | 1.40% |
| Return on Equity (%) | ▲ | 15.96% | +2.67 | 13.29% |
| Net Interest Margin (%) | ▲ | 4.09% | +0.19 | 3.91% |
| Efficiency Ratio (%) | ▲ | 51.46% | -5.42 | 56.87% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.73 | $2 |
| Cost of Funds (%) | ▲ | 1.51% | -0.27 | 1.78% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $362 | +18.64 | $343 |
| Gross Loans ($M) | ▲ | $234 | +24.91 | $209 |
| Loan Growth YoY (%) | ▲ | 71.80% | +3.83 | 67.96% |
| Total Deposits ($M) | ▲ | $321 | +18.10 | $303 |
| Shareholders Equity ($M) | ▲ | $37 | +0.61 | $37 |
| Tang. Book Value ($M) | ▲ | $37 | +0.61 | $37 |
| Loan / Deposit Ratio (%) | ▲ | 71.80% | +3.83 | 67.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.13 | 0.16% |
| Allowance / Loans (%) | — | 1.39% | -0.02% | 1.42% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.03 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.97M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▁▄▅▆▄█ | Net Interest Margin (%) | 4.10% | 4.12% | 3.74% | 3.91% | 3.95% | 4.01% | 3.89% | 4.09% |
| ██▁▄▃▄▂█ | Return on Assets (%) | 1.60% | 1.62% | 1.26% | 1.40% | 1.38% | 1.41% | 1.31% | 1.64% |
| ▂▂█▆▇▆▆▁ | Efficiency Ratio (%) | 52.8% | 52.6% | 59.3% | 56.9% | 57.5% | 56.7% | 56.5% | 51.5% |
| ▂█▇▅▆▃▁▁ | Cost of Funds (%) | 1.61% | 1.94% | 1.83% | 1.78% | 1.78% | 1.66% | 1.56% | 1.51% |
| ▆█▇▄▃▄▄▁ | NPA / Assets (%) | 0.27% | 0.37% | 0.29% | 0.16% | 0.16% | 0.16% | 0.17% | 0.03% |
| ▁█▂▂▁▂▃▁ | Net Charge-Off Ratio (%) | 0.07% | 0.21% | 0.08% | 0.08% | 0.07% | 0.09% | 0.10% | 0.05% |
| ▁▃▄▇▄▇█▇ | Tang. Book Value ($M) | $33 | $34 | $35 | $37 | $35 | $37 | $38 | $37 |
| ▁▁▂▄▅▅▆█ | Gross Loans ($M) | $196 | $193 | $200 | $209 | $214 | $215 | $219 | $234 |
| ▆▁▁▂▄██▇ | Total Deposits ($M) | $318 | $296 | $297 | $303 | $310 | $327 | $324 | $321 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 4% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 10% |