Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.16 | 0.88% |
| Return on Equity (%) | ▲ | 7.92% | +0.48 | 7.44% |
| Net Interest Margin (%) | ▲ | 3.57% | +0.24 | 3.33% |
| Efficiency Ratio (%) | ▲ | 66.65% | -4.59 | 71.24% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.35 | $2 |
| Cost of Funds (%) | ▲ | 1.05% | -0.09 | 1.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $670 | -19.95 | $690 |
| Gross Loans ($M) | ▲ | $347 | +15.97 | $331 |
| Loan Growth YoY (%) | ▲ | 59.82% | +5.43 | 54.40% |
| Total Deposits ($M) | ▼ | $571 | -27.70 | $599 |
| Shareholders Equity ($M) | ▲ | $90 | +7.52 | $82 |
| Tang. Book Value ($M) | ▲ | $74 | +7.52 | $67 |
| TBV excl. AOCI ($M)** | ▲ | $87 | +7.04 | $80 |
| Loan / Deposit Ratio (%) | ▲ | 59.82% | +5.43 | 54.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.44% | +0.06 | 0.38% |
| Allowance / Loans (%) | — | 1.43% | -0.05% | 1.48% |
| Net Charge-Off Ratio (%) | ▼ | 0.85% | +0.09 | 0.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 23.49% | +0.09 | 23.40% |
Noninterest income ($1.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄▆█ | Net Interest Margin (%) | 3.19% | 3.21% | 3.24% | 3.33% | 3.34% | 3.38% | 3.45% | 3.57% |
| ▁▂▁▄▄▅▆█ | Return on Assets (%) | 0.78% | 0.81% | 0.79% | 0.88% | 0.88% | 0.92% | 0.95% | 1.04% |
| █▇█▅▄▄▂▁ | Efficiency Ratio (%) | 74.1% | 72.9% | 74.2% | 71.2% | 70.3% | 69.6% | 68.2% | 66.7% |
| ▇█▄▃▄▅▂▁ | Cost of Funds (%) | 1.28% | 1.34% | 1.17% | 1.14% | 1.18% | 1.20% | 1.09% | 1.05% |
| ▁▇▇▆▆▆▅█ | NPA / Assets (%) | 0.21% | 0.39% | 0.41% | 0.38% | 0.36% | 0.37% | 0.34% | 0.44% |
| ▁▇█▇▇▆▆█ | Net Charge-Off Ratio (%) | 0.38% | 0.75% | 0.80% | 0.75% | 0.75% | 0.72% | 0.68% | 0.85% |
| ▄▁▂▄▆███ | Tang. Book Value ($M) | $68 | $62 | $64 | $67 | $70 | $74 | $73 | $74 |
| ▁▁▃▄▂▅▇█ | Gross Loans ($M) | $321 | $323 | $329 | $331 | $326 | $337 | $342 | $347 |
| ▄▁▅▇█▅▄▁ | Total Deposits ($M) | $587 | $574 | $590 | $599 | $607 | $591 | $589 | $571 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 8% |