Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.71% | -0.10 | 0.81% |
| Return on Equity (%) | ▼ | 8.11% | -2.19 | 10.30% |
| Net Interest Margin (%) | ▲ | 3.60% | +0.24 | 3.36% |
| Efficiency Ratio (%) | ▼ | 73.44% | +3.24 | 70.20% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.07 | $3 |
| Cost of Funds (%) | ▲ | 0.89% | -0.13 | 1.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $898 | +85.97 | $812 |
| Gross Loans ($M) | ▲ | $605 | +83.98 | $521 |
| Loan Growth YoY (%) | ▲ | 75.44% | +5.69 | 69.75% |
| Total Deposits ($M) | ▲ | $791 | +54.34 | $737 |
| Shareholders Equity ($M) | ▲ | $78 | +9.39 | $69 |
| Tang. Book Value ($M) | ▲ | $78 | +9.39 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $87 | +7.99 | $79 |
| Loan / Deposit Ratio (%) | ▲ | 75.44% | +5.69 | 69.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.05 | 0.02% |
| Allowance / Loans (%) | — | 1.35% | -0.02% | 1.37% |
| Net Charge-Off Ratio (%) | ▼ | 0.11% | +0.07 | 0.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.78% | -1.04 | 15.82% |
Noninterest income ($1.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▆▆▇▇██ | Net Interest Margin (%) | 2.81% | 2.88% | 3.30% | 3.36% | 3.42% | 3.46% | 3.52% | 3.60% |
| ▁▂▆▆▇█▄▅ | Return on Assets (%) | 0.46% | 0.52% | 0.80% | 0.81% | 0.84% | 0.94% | 0.67% | 0.71% |
| █▇▃▂▂▁▅▄ | Efficiency Ratio (%) | 79.6% | 77.3% | 71.6% | 70.2% | 69.4% | 67.6% | 74.0% | 73.4% |
| █▇▃▃▂▁▁▁ | Cost of Funds (%) | 1.32% | 1.25% | 1.03% | 1.02% | 0.97% | 0.93% | 0.90% | 0.89% |
| ██▁▁▁▁▁▁ | NPA / Assets (%) | 0.70% | 0.67% | 0.06% | 0.02% | 0.02% | 0.02% | 0.02% | 0.07% |
| ██▁▁▁▁▁▁ | Net Charge-Off Ratio (%) | 1.08% | 1.01% | 0.09% | 0.03% | 0.03% | 0.03% | 0.03% | 0.11% |
| ▁▁▃▅▆███ | Tang. Book Value ($M) | $57 | $58 | $64 | $69 | $73 | $76 | $77 | $78 |
| ▁▁▁▁▃▅▆█ | Gross Loans ($M) | $524 | $524 | $514 | $521 | $539 | $567 | $572 | $605 |
| ▁▁▄▂▄▆▅█ | Total Deposits ($M) | $731 | $725 | $751 | $737 | $750 | $771 | $763 | $791 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 60% |
| Interest-Bearing (core) | 27% |
| Brokered / Other | 13% |