Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +0.16 | 1.21% |
| Return on Equity (%) | ▲ | 12.74% | +0.83 | 11.91% |
| Net Interest Margin (%) | ▲ | 3.90% | +0.36 | 3.54% |
| Efficiency Ratio (%) | ▲ | 60.70% | -1.73 | 62.43% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.24 | $1 |
| Cost of Funds (%) | ▲ | 1.28% | -0.10 | 1.39% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $206 | +8.82 | $197 |
| Gross Loans ($M) | ▲ | $140 | +7.73 | $133 |
| Loan Growth YoY (%) | ▲ | 84.41% | +5.31 | 79.10% |
| Total Deposits ($M) | ▼ | $165 | -1.33 | $166 |
| Shareholders Equity ($M) | ▲ | $23 | +1.93 | $21 |
| Tang. Book Value ($M) | ▲ | $22 | +1.94 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +2.04 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 84.41% | +5.31 | 79.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.04 | 0.10% |
| Allowance / Loans (%) | — | 1.07% | -0.04% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 0.07% | -0.04 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▆▆▇▆█ | Net Interest Margin (%) | 2.89% | 3.07% | 3.48% | 3.54% | 3.65% | 3.71% | 3.64% | 3.90% |
| ▁▂▇▆▇█▇█ | Return on Assets (%) | 0.82% | 0.93% | 1.27% | 1.21% | 1.26% | 1.32% | 1.28% | 1.37% |
| █▇▁▂▁▂▁▁ | Efficiency Ratio (%) | 74.1% | 71.5% | 60.6% | 62.4% | 61.6% | 62.7% | 61.1% | 60.7% |
| █▅▃▃▂▁▂▁ | Cost of Funds (%) | 1.69% | 1.52% | 1.40% | 1.39% | 1.38% | 1.33% | 1.36% | 1.28% |
| ▄▂▁▁▁▁█▁ | NPA / Assets (%) | 0.65% | 0.30% | 0.06% | 0.10% | 0.10% | 0.09% | 1.55% | 0.06% |
| ▄▂▁▁▁▁█▁ | Net Charge-Off Ratio (%) | 0.96% | 0.43% | 0.05% | 0.12% | 0.12% | 0.11% | 2.26% | 0.07% |
| ▃▁▃▄▇▆▇█ | Tang. Book Value ($M) | $20 | $19 | $20 | $20 | $22 | $21 | $22 | $22 |
| ▁▂▂▃▅▆██ | Gross Loans ($M) | $129 | $131 | $131 | $133 | $136 | $137 | $142 | $140 |
| ▁▆▄▃▅██▂ | Total Deposits ($M) | $162 | $170 | $168 | $166 | $169 | $173 | $173 | $165 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 8% |