Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.79% | +0.44 | 1.35% |
| Return on Equity (%) | ▼ | 44.99% | -46.68 | 91.67% |
| Net Interest Margin (%) | ▲ | 2.97% | +0.19 | 2.77% |
| Efficiency Ratio (%) | ▼ | 59.76% | +1.70 | 58.06% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.07 | $2 |
| Cost of Funds (%) | ▲ | 1.18% | -0.10 | 1.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $347 | -23.49 | $370 |
| Gross Loans ($M) | ▲ | $126 | +10.21 | $116 |
| Loan Growth YoY (%) | ▲ | 37.93% | +6.11 | 31.82% |
| Total Deposits ($M) | ▼ | $331 | -31.28 | $362 |
| Shareholders Equity ($M) | ▲ | $14 | +7.84 | $6 |
| Tang. Book Value ($M) | ▲ | $14 | +7.84 | $6 |
| TBV excl. AOCI ($M)** | ▲ | $23 | +8.27 | $15 |
| Loan / Deposit Ratio (%) | ▲ | 37.93% | +6.11 | 31.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.00 | 0.02% |
| Allowance / Loans (%) | — | 0.39% | -0.09% | 0.48% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.02 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.21% | -5.13 | 25.34% |
Noninterest income ($1.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▃▃▄▆█ | Net Interest Margin (%) | 2.68% | 2.73% | 2.78% | 2.77% | 2.78% | 2.81% | 2.88% | 2.97% |
| █▅█▁▂▂▅▇ | Return on Assets (%) | 1.92% | 1.65% | 1.94% | 1.35% | 1.47% | 1.48% | 1.71% | 1.79% |
| ▁█▂▂▂▆█▆ | Efficiency Ratio (%) | 57.3% | 61.0% | 58.0% | 58.1% | 58.1% | 60.0% | 61.0% | 59.8% |
| ▇█▇▃▂▁▁▁ | Cost of Funds (%) | 1.44% | 1.49% | 1.43% | 1.28% | 1.25% | 1.17% | 1.18% | 1.18% |
| ▁▁█▁▁▁▁▁ | NPA / Assets (%) | 0.01% | 0.05% | 0.36% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| ▁▁█▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.03% | 0.15% | 1.00% | 0.07% | 0.08% | 0.06% | 0.06% | 0.05% |
| ▅▁▃▃▇███ | Tang. Book Value ($M) | $8 | $2 | $6 | $6 | $12 | $14 | $14 | $14 |
| ▁▁▇▅▅▆▇█ | Gross Loans ($M) | $101 | $100 | $120 | $116 | $113 | $117 | $120 | $126 |
| ▆▁▃█▆▃▄▄ | Total Deposits ($M) | $344 | $308 | $326 | $362 | $345 | $322 | $334 | $331 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 42% |
| C&I / Commercial | 51% |
| Consumer | 2% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 2% |