Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.12% | +0.20 | 1.92% |
| Return on Equity (%) | ▲ | 13.81% | +0.65 | 13.16% |
| Net Interest Margin (%) | ▲ | 4.30% | +0.05 | 4.25% |
| Efficiency Ratio (%) | ▲ | 58.19% | -0.09 | 58.28% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.13 | $2 |
| Cost of Funds (%) | ▲ | 1.01% | -0.30 | 1.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $328 | +21.00 | $307 |
| Gross Loans ($M) | ▲ | $168 | +4.93 | $163 |
| Loan Growth YoY (%) | ▼ | 60.15% | -1.57 | 61.72% |
| Total Deposits ($M) | ▲ | $276 | +15.01 | $261 |
| Shareholders Equity ($M) | ▲ | $51 | +6.04 | $45 |
| Tang. Book Value ($M) | ▲ | $51 | +6.04 | $45 |
| TBV excl. AOCI ($M)** | ▲ | $57 | +6.77 | $50 |
| Loan / Deposit Ratio (%) | ▼ | 60.15% | -1.57 | 61.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.22% | +0.11 | 0.11% |
| Allowance / Loans (%) | — | 1.00% | -0.02% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.43% | +0.29 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 27.32% | +0.64 | 26.68% |
Noninterest income ($0.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▁▂▃▄▁▃ | Net Interest Margin (%) | 4.49% | 4.42% | 4.20% | 4.25% | 4.30% | 4.33% | 4.23% | 4.30% |
| ▂▂▁▃▄▆▆█ | Return on Assets (%) | 1.89% | 1.89% | 1.83% | 1.92% | 1.96% | 2.04% | 2.03% | 2.12% |
| ███▁▁▁▅▁ | Efficiency Ratio (%) | 63.5% | 63.2% | 62.9% | 58.3% | 58.6% | 58.0% | 61.0% | 58.2% |
| ▆▅▅█▇▆▃▁ | Cost of Funds (%) | 1.21% | 1.17% | 1.19% | 1.31% | 1.27% | 1.23% | 1.12% | 1.01% |
| ▁▁▃▃▃▂▃█ | NPA / Assets (%) | 0.05% | 0.05% | 0.11% | 0.11% | 0.10% | 0.07% | 0.11% | 0.22% |
| ▁▁▄▂▁▁▃█ | Net Charge-Off Ratio (%) | 0.09% | 0.09% | 0.22% | 0.14% | 0.12% | 0.07% | 0.16% | 0.43% |
| ▇▁▂▂▆█▅█ | Tang. Book Value ($M) | $50 | $44 | $45 | $45 | $49 | $51 | $48 | $51 |
| ▄▁▁▅▅█▇█ | Gross Loans ($M) | $160 | $155 | $156 | $163 | $163 | $168 | $166 | $168 |
| ▁▅▅▅▅█▇█ | Total Deposits ($M) | $234 | $259 | $261 | $261 | $261 | $279 | $270 | $276 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 7% |
| Consumer | 6% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 12% |