Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.20 | 1.02% |
| Return on Equity (%) | ▲ | 11.24% | +0.89 | 10.35% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.16 | 3.54% |
| Efficiency Ratio (%) | ▲ | 65.93% | -3.88 | 69.81% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.52 | $2 |
| Cost of Funds (%) | ▲ | 1.14% | -0.24 | 1.38% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $718 | -20.64 | $738 |
| Gross Loans ($M) | ▼ | $438 | -33.22 | $471 |
| Loan Growth YoY (%) | ▼ | 69.02% | -2.53 | 71.54% |
| Total Deposits ($M) | ▼ | $627 | -24.31 | $651 |
| Shareholders Equity ($M) | ▲ | $79 | +4.41 | $75 |
| Tang. Book Value ($M) | ▲ | $77 | +4.34 | $73 |
| TBV excl. AOCI ($M)** | ▲ | $87 | +5.67 | $82 |
| Loan / Deposit Ratio (%) | ▼ | 69.02% | -2.53 | 71.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.13 | 0.24% |
| Allowance / Loans (%) | — | 1.24% | 0.09% | 1.15% |
| Net Charge-Off Ratio (%) | ▼ | 0.18% | +0.11 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.15% | +1.50 | 14.65% |
Noninterest income ($2.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▇▇█▇█ | Net Interest Margin (%) | 2.96% | 3.07% | 3.50% | 3.54% | 3.58% | 3.62% | 3.61% | 3.70% |
| ▁▁▅▅▅▇██ | Return on Assets (%) | 0.76% | 0.79% | 1.04% | 1.02% | 1.03% | 1.10% | 1.18% | 1.22% |
| █▇▄▅▅▃▁▁ | Efficiency Ratio (%) | 73.4% | 72.3% | 69.4% | 69.8% | 70.0% | 68.2% | 66.8% | 65.9% |
| █▇▃▃▃▂▁▁ | Cost of Funds (%) | 1.87% | 1.69% | 1.41% | 1.38% | 1.36% | 1.27% | 1.15% | 1.14% |
| ███▅▁▁▅▂ | NPA / Assets (%) | 0.41% | 0.40% | 0.40% | 0.24% | 0.05% | 0.04% | 0.24% | 0.11% |
| █▃▃▁▁▁▅▂ | Net Charge-Off Ratio (%) | 0.71% | 0.28% | 0.28% | 0.08% | 0.08% | 0.07% | 0.41% | 0.18% |
| ▁▁▃▄▅▇▇█ | Tang. Book Value ($M) | $70 | $71 | $72 | $73 | $74 | $75 | $76 | $77 |
| ▇███▆▂▁▁ | Gross Loans ($M) | $468 | $474 | $472 | $471 | $461 | $441 | $434 | $438 |
| █▃▄▃▂▁▃▁ | Total Deposits ($M) | $714 | $658 | $665 | $651 | $638 | $628 | $651 | $627 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 5% |