Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.35% | +0.32 | 1.04% |
| Return on Equity (%) | ▲ | 12.70% | +2.87 | 9.83% |
| Net Interest Margin (%) | ▲ | 4.29% | +0.42 | 3.87% |
| Efficiency Ratio (%) | ▲ | 64.34% | -6.16 | 70.50% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.89 | $3 |
| Cost of Funds (%) | ▲ | 1.05% | -0.11 | 1.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $825 | +20.47 | $805 |
| Gross Loans ($M) | ▲ | $610 | +17.93 | $592 |
| Loan Growth YoY (%) | ▲ | 83.13% | +0.22 | 82.91% |
| Total Deposits ($M) | ▲ | $724 | +18.92 | $705 |
| Shareholders Equity ($M) | ▲ | $87 | +1.57 | $86 |
| Tang. Book Value ($M) | ▲ | $87 | +1.57 | $86 |
| TBV excl. AOCI ($M)** | ▲ | $94 | +1.53 | $93 |
| Loan / Deposit Ratio (%) | ▲ | 83.13% | +0.22 | 82.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.31% | +0.22 | 0.08% |
| Allowance / Loans (%) | — | 1.32% | 0.07% | 1.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.39% | +0.30 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.42% | -0.39 | 14.82% |
Noninterest income ($2.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄██ | Net Interest Margin (%) | 3.77% | 3.81% | 3.79% | 3.87% | 3.94% | 4.03% | 4.25% | 4.29% |
| ▁▃▁▂▃▄▇█ | Return on Assets (%) | 1.01% | 1.07% | 0.97% | 1.04% | 1.08% | 1.16% | 1.28% | 1.35% |
| ▅▄█▆▃▂▂▁ | Efficiency Ratio (%) | 69.5% | 68.5% | 73.3% | 70.5% | 67.6% | 65.6% | 66.0% | 64.3% |
| ██▆▄▅▅▂▁ | Cost of Funds (%) | 1.27% | 1.26% | 1.20% | 1.16% | 1.17% | 1.17% | 1.09% | 1.05% |
| ▁▂▂▂▂███ | NPA / Assets (%) | 0.03% | 0.10% | 0.10% | 0.08% | 0.08% | 0.34% | 0.31% | 0.31% |
| ▁▂▂▁▁██▇ | Net Charge-Off Ratio (%) | 0.05% | 0.14% | 0.14% | 0.08% | 0.09% | 0.44% | 0.39% | 0.39% |
| ▁▁▄▆▇███ | Tang. Book Value ($M) | $81 | $81 | $84 | $86 | $87 | $88 | $87 | $87 |
| ▁▂▄▅▆▇▆█ | Gross Loans ($M) | $565 | $572 | $583 | $592 | $595 | $600 | $599 | $610 |
| ▃▁▃▄█▅▆▇ | Total Deposits ($M) | $699 | $680 | $699 | $705 | $736 | $709 | $719 | $724 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 2% |