Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.22 | 1.04% |
| Return on Equity (%) | ▲ | 14.97% | +1.15 | 13.82% |
| Net Interest Margin (%) | ▼ | 3.57% | -0.01 | 3.58% |
| Efficiency Ratio (%) | ▲ | 66.41% | -0.83 | 67.24% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.73 | $4 |
| Cost of Funds (%) | ▲ | 1.43% | -0.04 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,220 | +52.31 | $1,168 |
| Gross Loans ($M) | ▲ | $700 | +13.35 | $687 |
| Loan Growth YoY (%) | ▼ | 62.95% | -0.87 | 63.82% |
| Total Deposits ($M) | ▲ | $1,103 | +36.27 | $1,066 |
| Shareholders Equity ($M) | ▲ | $107 | +16.06 | $91 |
| Tang. Book Value ($M) | ▲ | $103 | +16.24 | $87 |
| TBV excl. AOCI ($M)** | ▲ | $122 | +17.11 | $105 |
| Loan / Deposit Ratio (%) | ▼ | 62.95% | -0.87 | 63.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.06% | +0.04 | 0.03% |
| Allowance / Loans (%) | — | 0.86% | -0.05% | 0.91% |
| Net Charge-Off Ratio (%) | ▼ | 0.11% | +0.06 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.09% | +1.40 | 13.70% |
Noninterest income ($3.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▁▆▇█▂▆ | Net Interest Margin (%) | 3.47% | 3.53% | 3.49% | 3.58% | 3.59% | 3.62% | 3.50% | 3.57% |
| ▁▁▁▂▂▃▅█ | Return on Assets (%) | 1.01% | 0.98% | 1.00% | 1.04% | 1.04% | 1.07% | 1.14% | 1.26% |
| ▆█▂▄▄▄▃▁ | Efficiency Ratio (%) | 67.7% | 68.4% | 66.7% | 67.2% | 67.3% | 67.2% | 67.1% | 66.4% |
| ▆█▃▂▂▃▁▁ | Cost of Funds (%) | 1.60% | 1.70% | 1.51% | 1.47% | 1.48% | 1.51% | 1.44% | 1.43% |
| █▁▃▂▃▃▃█ | NPA / Assets (%) | 0.06% | 0.02% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.06% |
| ▆▁▂▂▃▃▄█ | Net Charge-Off Ratio (%) | 0.09% | 0.03% | 0.04% | 0.05% | 0.06% | 0.05% | 0.06% | 0.11% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $81 | $78 | $83 | $87 | $91 | $96 | $98 | $103 |
| ▁▄▃▆▆███ | Gross Loans ($M) | $652 | $671 | $669 | $687 | $682 | $699 | $697 | $700 |
| ▄▁▃▃▆▄█▆ | Total Deposits ($M) | $1,084 | $1,036 | $1,064 | $1,066 | $1,108 | $1,084 | $1,135 | $1,103 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 13% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 11% |