Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.39% | +0.15 | 0.24% |
| Return on Equity (%) | ▲ | 5.84% | +1.90 | 3.94% |
| Net Interest Margin (%) | ▲ | 3.26% | +0.37 | 2.89% |
| Efficiency Ratio (%) | ▲ | 86.55% | -4.75 | 91.30% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.23 | $0 |
| Cost of Funds (%) | ▲ | 1.29% | -0.14 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $494 | +12.85 | $481 |
| Gross Loans ($M) | ▲ | $356 | +10.97 | $345 |
| Loan Growth YoY (%) | ▲ | 83.85% | +1.53 | 82.32% |
| Total Deposits ($M) | ▲ | $421 | +5.67 | $415 |
| Shareholders Equity ($M) | ▲ | $33 | +3.61 | $30 |
| Tang. Book Value ($M) | ▲ | $33 | +3.60 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $38 | +3.43 | $35 |
| Loan / Deposit Ratio (%) | ▲ | 83.85% | +1.53 | 82.32% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.09% | +0.01 | 0.08% |
| Allowance / Loans (%) | — | 0.87% | -0.06% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 0.13% | +0.01 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.42% | +0.31 | 13.11% |
Noninterest income ($0.81M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▄▅██ | Net Interest Margin (%) | 2.65% | 2.66% | 2.84% | 2.89% | 2.93% | 2.97% | 3.20% | 3.26% |
| ▁▁▄▄▅▆██ | Return on Assets (%) | 0.09% | 0.11% | 0.22% | 0.24% | 0.27% | 0.29% | 0.40% | 0.39% |
| ██▅▄▄▃▁▁ | Efficiency Ratio (%) | 97.1% | 96.5% | 91.7% | 91.3% | 90.2% | 89.4% | 86.0% | 86.5% |
| ▇█▅▅▅▄▁▁ | Cost of Funds (%) | 1.48% | 1.54% | 1.42% | 1.43% | 1.41% | 1.38% | 1.27% | 1.29% |
| ▄██▂▁▁▁▃ | NPA / Assets (%) | 0.13% | 0.21% | 0.20% | 0.08% | 0.06% | 0.05% | 0.05% | 0.09% |
| ▅██▂▁▁▁▃ | Net Charge-Off Ratio (%) | 0.18% | 0.30% | 0.28% | 0.12% | 0.08% | 0.08% | 0.07% | 0.13% |
| ▄▁▃▃▆███ | Tang. Book Value ($M) | $30 | $28 | $29 | $30 | $32 | $33 | $33 | $33 |
| ▁▃▄▆▅▆▆█ | Gross Loans ($M) | $324 | $333 | $338 | $345 | $342 | $347 | $347 | $356 |
| ▁▁▄▆▄▇██ | Total Deposits ($M) | $398 | $398 | $408 | $415 | $409 | $419 | $423 | $421 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 10% |