Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.78% | +0.24 | 1.55% |
| Return on Equity (%) | ▼ | 20.69% | -0.48 | 21.17% |
| Net Interest Margin (%) | ▲ | 4.49% | +0.13 | 4.35% |
| Efficiency Ratio (%) | ▲ | 55.21% | -2.20 | 57.41% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.68 | $4 |
| Cost of Funds (%) | ▲ | 1.05% | -0.23 | 1.28% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $794 | +33.00 | $761 |
| Gross Loans ($M) | ▼ | $467 | -11.80 | $479 |
| Loan Growth YoY (%) | ▼ | 66.07% | -4.67 | 70.74% |
| Total Deposits ($M) | ▲ | $697 | +29.41 | $668 |
| Shareholders Equity ($M) | ▲ | $69 | +13.31 | $56 |
| Tang. Book Value ($M) | ▲ | $69 | +13.31 | $56 |
| TBV excl. AOCI ($M)** | ▲ | $80 | +13.85 | $66 |
| Loan / Deposit Ratio (%) | ▼ | 66.07% | -4.67 | 70.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.04% | +0.00 | 0.04% |
| Allowance / Loans (%) | — | 1.29% | 0.03% | 1.26% |
| Net Charge-Off Ratio (%) | ▲ | 0.01% | -0.06 | 0.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▇▇█▇█ | Net Interest Margin (%) | 3.84% | 3.93% | 4.27% | 4.35% | 4.40% | 4.45% | 4.39% | 4.49% |
| ▁▂▃▃▅▇▇█ | Return on Assets (%) | 1.41% | 1.49% | 1.52% | 1.55% | 1.62% | 1.70% | 1.71% | 1.78% |
| █▆▇█▅▃▄▁ | Efficiency Ratio (%) | 57.5% | 56.9% | 57.2% | 57.4% | 56.4% | 55.8% | 56.3% | 55.2% |
| █▆▄▃▂▂▁▁ | Cost of Funds (%) | 1.79% | 1.57% | 1.40% | 1.28% | 1.19% | 1.18% | 1.08% | 1.05% |
| ▁▁▁█████ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% |
| ▁▁▁████▁ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.06% | 0.06% | 0.06% | 0.06% | 0.01% |
| ▂▁▂▃▆▇██ | Tang. Book Value ($M) | $54 | $51 | $55 | $56 | $62 | $66 | $68 | $69 |
| ▁▁▃▇█▄▁▁ | Gross Loans ($M) | $467 | $467 | $471 | $479 | $482 | $473 | $467 | $467 |
| ▃▁▁▄█▇█▇ | Total Deposits ($M) | $664 | $646 | $644 | $668 | $705 | $691 | $702 | $697 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 19% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 42% |
| Interest-Bearing (core) | 44% |
| Brokered / Other | 14% |