Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.26% | -0.09 | 2.36% |
| Return on Equity (%) | ▼ | 10.94% | -1.01 | 11.95% |
| Net Interest Margin (%) | ▲ | 4.36% | +0.31 | 4.05% |
| Efficiency Ratio (%) | ▲ | 40.39% | -2.98 | 43.36% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.74 | $4 |
| Cost of Funds (%) | ▲ | 1.36% | -0.11 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $650 | +45.29 | $604 |
| Gross Loans ($M) | ▲ | $458 | +49.91 | $408 |
| Loan Growth YoY (%) | ▲ | 96.66% | +4.16 | 92.50% |
| Total Deposits ($M) | ▲ | $468 | +32.32 | $436 |
| Shareholders Equity ($M) | ▲ | $132 | +11.11 | $121 |
| Tang. Book Value ($M) | ▲ | $131 | +11.11 | $120 |
| TBV excl. AOCI ($M)** | ▲ | $137 | +11.00 | $126 |
| Loan / Deposit Ratio (%) | ▲ | 96.66% | +4.16 | 92.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.07 | 0.00% |
| Allowance / Loans (%) | — | 1.29% | -0.02% | 1.31% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.10 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆██ | Net Interest Margin (%) | 3.68% | 3.76% | 3.97% | 4.05% | 4.09% | 4.16% | 4.31% | 4.36% |
| ▁▂████▄▇ | Return on Assets (%) | 1.80% | 1.91% | 2.36% | 2.36% | 2.32% | 2.36% | 2.07% | 2.26% |
| █▇▅▄▂▃▁▁ | Efficiency Ratio (%) | 47.7% | 46.6% | 44.9% | 43.4% | 42.1% | 42.3% | 41.1% | 40.4% |
| ██▄▃▃▄▁▁ | Cost of Funds (%) | 1.75% | 1.71% | 1.55% | 1.47% | 1.50% | 1.52% | 1.41% | 1.36% |
| █▃▃▁▁▁▁▂ | NPA / Assets (%) | 0.33% | 0.10% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.07% |
| █▃▃▁▁▁▁▂ | Net Charge-Off Ratio (%) | 0.49% | 0.15% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% |
| ▁▁▂▄▅▇▇█ | Tang. Book Value ($M) | $114 | $113 | $116 | $120 | $123 | $127 | $128 | $131 |
| ▁▂▂▃▃▅▇█ | Gross Loans ($M) | $388 | $400 | $403 | $408 | $409 | $427 | $444 | $458 |
| ▁▃▃▃▅▄▅█ | Total Deposits ($M) | $417 | $432 | $431 | $436 | $444 | $436 | $444 | $468 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 3% |
| Other | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 14% |