Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.73% | +0.32 | 1.41% |
| Return on Equity (%) | ▼ | 29.71% | -3.30 | 33.01% |
| Net Interest Margin (%) | ▲ | 3.41% | +0.39 | 3.01% |
| Efficiency Ratio (%) | ▲ | 55.65% | -4.42 | 60.07% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.62 | $3 |
| Cost of Funds (%) | ▲ | 1.58% | -0.15 | 1.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $701 | +6.55 | $694 |
| Gross Loans ($M) | ▲ | $384 | +38.00 | $346 |
| Loan Growth YoY (%) | ▲ | 66.53% | +4.96 | 61.56% |
| Total Deposits ($M) | ▲ | $569 | +15.54 | $553 |
| Shareholders Equity ($M) | ▲ | $41 | +10.83 | $30 |
| Tang. Book Value ($M) | ▲ | $41 | +10.83 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $55 | +11.25 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 66.53% | +4.96 | 61.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.10% | +0.01 | 0.10% |
| Allowance / Loans (%) | — | 1.47% | -0.11% | 1.58% |
| Net Charge-Off Ratio (%) | ▼ | 0.18% | +0.03 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.73% | -0.27 | 15.00% |
Noninterest income ($1.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅▇█ | Net Interest Margin (%) | 2.73% | 2.77% | 2.94% | 3.01% | 3.07% | 3.14% | 3.31% | 3.41% |
| ▁▂▄▅▆▇██ | Return on Assets (%) | 0.99% | 1.09% | 1.31% | 1.41% | 1.46% | 1.57% | 1.65% | 1.73% |
| █▇▄▃▃▁▁▁ | Efficiency Ratio (%) | 68.8% | 66.5% | 62.0% | 60.1% | 59.2% | 57.2% | 56.5% | 55.6% |
| ██▆▄▆▄▁▁ | Cost of Funds (%) | 1.87% | 1.90% | 1.78% | 1.73% | 1.80% | 1.74% | 1.59% | 1.58% |
| ██▇▄▃▁▂▄ | NPA / Assets (%) | 0.18% | 0.17% | 0.16% | 0.10% | 0.07% | 0.03% | 0.07% | 0.10% |
| ██▆▃▃▁▂▄ | Net Charge-Off Ratio (%) | 0.32% | 0.33% | 0.26% | 0.15% | 0.15% | 0.06% | 0.13% | 0.18% |
| ▄▁▃▃▇███ | Tang. Book Value ($M) | $32 | $25 | $30 | $30 | $38 | $41 | $40 | $41 |
| ▁▂▂▂▃▅▆█ | Gross Loans ($M) | $337 | $348 | $344 | $346 | $352 | $365 | $369 | $384 |
| ▁▁▄▅▆▄██ | Total Deposits ($M) | $529 | $533 | $545 | $553 | $556 | $546 | $565 | $569 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 7% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 37% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 19% |