Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.80% | +0.41 | 1.39% |
| Return on Equity (%) | ▲ | 12.10% | +1.76 | 10.34% |
| Net Interest Margin (%) | ▲ | 4.70% | +0.36 | 4.34% |
| Efficiency Ratio (%) | ▲ | 59.43% | -4.24 | 63.68% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.25 | $3 |
| Cost of Funds (%) | ▲ | 1.28% | -0.24 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $660 | -18.60 | $678 |
| Gross Loans ($M) | ▲ | $369 | +5.90 | $364 |
| Loan Growth YoY (%) | ▲ | 64.66% | +1.52 | 63.14% |
| Total Deposits ($M) | ▼ | $549 | -4.94 | $554 |
| Shareholders Equity ($M) | ▲ | $101 | +5.60 | $96 |
| Tang. Book Value ($M) | ▲ | $100 | +5.87 | $94 |
| TBV excl. AOCI ($M)** | ▲ | $112 | +5.47 | $107 |
| Loan / Deposit Ratio (%) | ▲ | 64.66% | +1.52 | 63.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.25% | -0.01 | 0.26% |
| Allowance / Loans (%) | — | 3.97% | 0.13% | 3.85% |
| Net Charge-Off Ratio (%) | ▲ | 0.45% | -0.01 | 0.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▄▆▇▇█ | Net Interest Margin (%) | 4.02% | 4.12% | 4.28% | 4.34% | 4.49% | 4.56% | 4.61% | 4.70% |
| ▁▂▄▂▄▄▅█ | Return on Assets (%) | 1.26% | 1.38% | 1.49% | 1.39% | 1.47% | 1.51% | 1.59% | 1.80% |
| ▆▅▅█▇▇▆▁ | Efficiency Ratio (%) | 62.4% | 61.9% | 61.7% | 63.7% | 63.1% | 63.1% | 62.1% | 59.4% |
| ▅▇▄█▇▃▁▁ | Cost of Funds (%) | 1.41% | 1.47% | 1.38% | 1.52% | 1.47% | 1.35% | 1.26% | 1.28% |
| ██▇▄▁▅▅▄ | NPA / Assets (%) | 0.33% | 0.31% | 0.31% | 0.26% | 0.20% | 0.26% | 0.26% | 0.25% |
| █▅▆▇▁▇█▆ | Net Charge-Off Ratio (%) | 0.48% | 0.42% | 0.45% | 0.46% | 0.35% | 0.46% | 0.48% | 0.45% |
| ▃▁▃▅▇▆▇█ | Tang. Book Value ($M) | $90 | $87 | $91 | $94 | $98 | $95 | $97 | $100 |
| ▁▂▄▆▇███ | Gross Loans ($M) | $342 | $349 | $356 | $364 | $368 | $372 | $369 | $369 |
| █▃▇▃▁▂▇▁ | Total Deposits ($M) | $571 | $556 | $568 | $554 | $547 | $550 | $566 | $549 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 28% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 13% |