Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.59% | +0.03 | 1.56% |
| Return on Equity (%) | ▼ | 17.24% | -2.17 | 19.41% |
| Net Interest Margin (%) | ▲ | 3.63% | +0.19 | 3.44% |
| Efficiency Ratio (%) | ▲ | 60.88% | -0.07 | 60.95% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.06 | $1 |
| Cost of Funds (%) | ▲ | 1.36% | -0.05 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $319 | -2.99 | $322 |
| Gross Loans ($M) | ▲ | $212 | +11.28 | $201 |
| Loan Growth YoY (%) | ▲ | 78.06% | +4.85 | 73.20% |
| Total Deposits ($M) | ▼ | $269 | -2.55 | $271 |
| Shareholders Equity ($M) | ▲ | $30 | +3.36 | $27 |
| Tang. Book Value ($M) | ▲ | $30 | +3.36 | $27 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +3.13 | $32 |
| Loan / Deposit Ratio (%) | ▲ | 78.06% | +4.85 | 73.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.99% | -0.01% | 1.00% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.44% | +0.34 | 16.10% |
Noninterest income ($0.53M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▆██ | Net Interest Margin (%) | 3.20% | 3.25% | 3.35% | 3.44% | 3.50% | 3.52% | 3.58% | 3.63% |
| ▁▂▅█████ | Return on Assets (%) | 1.17% | 1.27% | 1.40% | 1.56% | 1.57% | 1.59% | 1.56% | 1.59% |
| █▆▅▁▁▁▂▁ | Efficiency Ratio (%) | 65.5% | 64.1% | 63.0% | 60.9% | 60.6% | 60.3% | 61.5% | 60.9% |
| ▆█▆▄▄▃▁▁ | Cost of Funds (%) | 1.45% | 1.49% | 1.45% | 1.41% | 1.40% | 1.40% | 1.35% | 1.36% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▃▄▇▆██ | Tang. Book Value ($M) | $24 | $24 | $26 | $27 | $29 | $29 | $30 | $30 |
| ▁▁▃▃▄▄▆█ | Gross Loans ($M) | $197 | $196 | $200 | $201 | $203 | $204 | $208 | $212 |
| ▁▆█▇▄██▅ | Total Deposits ($M) | $262 | $269 | $273 | $271 | $268 | $273 | $274 | $269 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 7% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 14% |