Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.14 | 1.23% |
| Return on Equity (%) | ▲ | 13.63% | +1.05 | 12.58% |
| Net Interest Margin (%) | ▲ | 4.02% | +0.15 | 3.87% |
| Efficiency Ratio (%) | ▲ | 69.70% | -2.49 | 72.19% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.36 | $2 |
| Cost of Funds (%) | ▲ | 1.28% | -0.20 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $566 | +40.42 | $526 |
| Gross Loans ($M) | ▼ | $303 | -12.77 | $316 |
| Loan Growth YoY (%) | ▼ | 59.48% | -7.28 | 66.76% |
| Total Deposits ($M) | ▲ | $502 | +35.78 | $466 |
| Shareholders Equity ($M) | ▲ | $57 | +4.61 | $53 |
| Tang. Book Value ($M) | ▲ | $56 | +4.61 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $60 | +5.74 | $54 |
| Loan / Deposit Ratio (%) | ▼ | 59.48% | -7.28 | 66.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.24% | +0.02 | 0.22% |
| Allowance / Loans (%) | — | 1.48% | 0.03% | 1.45% |
| Net Charge-Off Ratio (%) | ▼ | 0.45% | +0.07 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.05% | +1.74 | 17.31% |
Noninterest income ($1.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▇▁▅▇▇▇█ | Net Interest Margin (%) | 3.97% | 3.96% | 3.69% | 3.87% | 3.96% | 3.98% | 3.95% | 4.02% |
| ██▁▁▃▄▅▆ | Return on Assets (%) | 1.43% | 1.41% | 1.22% | 1.23% | 1.28% | 1.31% | 1.33% | 1.37% |
| ▁▁▇█▆▅▅▄ | Efficiency Ratio (%) | 68.0% | 68.1% | 71.6% | 72.2% | 71.1% | 70.4% | 70.1% | 69.7% |
| ▆▇▆██▄▁▁ | Cost of Funds (%) | 1.41% | 1.44% | 1.40% | 1.48% | 1.48% | 1.35% | 1.25% | 1.28% |
| ▂▁█▆▅▄▆▆ | NPA / Assets (%) | 0.06% | 0.02% | 0.32% | 0.22% | 0.18% | 0.17% | 0.23% | 0.24% |
| ▁▁█▆▅▅▇▇ | Net Charge-Off Ratio (%) | 0.07% | 0.00% | 0.54% | 0.37% | 0.31% | 0.31% | 0.42% | 0.45% |
| ▁▁▃▄▆▇██ | Tang. Book Value ($M) | $47 | $48 | $50 | $51 | $53 | $54 | $55 | $56 |
| █▆▃▄▅▃▄▁ | Gross Loans ($M) | $330 | $323 | $313 | $316 | $317 | $311 | $315 | $303 |
| ▁▂▄▃▄▇██ | Total Deposits ($M) | $448 | $460 | $471 | $466 | $475 | $497 | $504 | $502 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 8% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 43% |
| Brokered / Other | 17% |