Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.65% | +0.28 | 1.37% |
| Return on Equity (%) | ▲ | 14.00% | +0.97 | 13.03% |
| Net Interest Margin (%) | ▲ | 4.64% | +0.38 | 4.26% |
| Efficiency Ratio (%) | ▲ | 57.59% | -4.88 | 62.47% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.22 | $5 |
| Cost of Funds (%) | ▲ | 1.34% | -0.21 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,026 | +46.60 | $979 |
| Gross Loans ($M) | ▲ | $764 | +62.81 | $701 |
| Loan Growth YoY (%) | ▲ | 84.90% | +5.03 | 79.87% |
| Total Deposits ($M) | ▲ | $887 | +21.89 | $866 |
| Shareholders Equity ($M) | ▲ | $118 | +12.77 | $106 |
| Tang. Book Value ($M) | ▲ | $118 | +12.96 | $105 |
| TBV excl. AOCI ($M)** | ▲ | $126 | +11.98 | $114 |
| Loan / Deposit Ratio (%) | ▲ | 84.90% | +5.03 | 79.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.23% | -0.03 | 0.26% |
| Allowance / Loans (%) | — | 1.36% | -0.02% | 1.38% |
| Net Charge-Off Ratio (%) | ▲ | 0.30% | -0.06 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▆▇██ | Net Interest Margin (%) | 3.74% | 3.83% | 4.07% | 4.26% | 4.34% | 4.43% | 4.61% | 4.64% |
| ▁▁▃▄▄▃▇█ | Return on Assets (%) | 1.15% | 1.17% | 1.34% | 1.37% | 1.36% | 1.28% | 1.53% | 1.65% |
| ▇███▇▆▂▁ | Efficiency Ratio (%) | 62.1% | 62.7% | 63.1% | 62.5% | 61.9% | 61.3% | 58.3% | 57.6% |
| █▆▄▃▃▃▁▁ | Cost of Funds (%) | 1.93% | 1.72% | 1.60% | 1.54% | 1.51% | 1.54% | 1.39% | 1.34% |
| ▂█▇▃▃▇▆▁ | NPA / Assets (%) | 0.25% | 0.32% | 0.30% | 0.26% | 0.26% | 0.30% | 0.29% | 0.23% |
| ▃█▇▄▃▃▃▁ | Net Charge-Off Ratio (%) | 0.34% | 0.44% | 0.41% | 0.35% | 0.33% | 0.34% | 0.34% | 0.30% |
| ▁▁▂▃▆███ | Tang. Book Value ($M) | $102 | $100 | $102 | $105 | $112 | $117 | $119 | $118 |
| ▁▁▁▁▆▇██ | Gross Loans ($M) | $698 | $694 | $701 | $701 | $741 | $749 | $755 | $764 |
| ▁▂▅▆▆▅▇█ | Total Deposits ($M) | $812 | $829 | $857 | $866 | $861 | $853 | $878 | $887 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 8% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 6% |