Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.00% | +0.58 | 1.42% |
| Return on Equity (%) | ▲ | 17.42% | +5.11 | 12.31% |
| Net Interest Margin (%) | ▲ | 2.99% | +0.45 | 2.54% |
| Efficiency Ratio (%) | ▲ | 47.18% | -7.93 | 55.11% |
| Pre-Provision Profit ($M) | ▲ | $7 | +1.80 | $5 |
| Cost of Funds (%) | ▲ | 2.60% | -0.27 | 2.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,395 | +46.83 | $1,348 |
| Gross Loans ($M) | ▲ | $1,094 | +15.99 | $1,078 |
| Loan Growth YoY (%) | ▼ | 88.06% | -1.84 | 89.90% |
| Total Deposits ($M) | ▲ | $1,230 | +42.96 | $1,187 |
| Shareholders Equity ($M) | ▲ | $158 | +2.79 | $155 |
| Tang. Book Value ($M) | ▲ | $137 | +2.61 | $134 |
| Loan / Deposit Ratio (%) | ▼ | 88.06% | -1.84 | 89.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.21 | 0.36% |
| Allowance / Loans (%) | — | 1.05% | -0.01% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.20% | -0.24 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.97M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅██ | Net Interest Margin (%) | 2.27% | 2.29% | 2.42% | 2.54% | 2.65% | 2.71% | 2.97% | 2.99% |
| ▁▁▃▃▅▅██ | Return on Assets (%) | 1.19% | 1.14% | 1.37% | 1.42% | 1.71% | 1.68% | 2.06% | 2.00% |
| ██▅▅▃▄▁▁ | Efficiency Ratio (%) | 60.1% | 61.8% | 56.0% | 55.1% | 50.5% | 52.5% | 46.3% | 47.2% |
| █▇▅▄▃▂▁▁ | Cost of Funds (%) | 3.26% | 3.16% | 2.99% | 2.87% | 2.82% | 2.75% | 2.61% | 2.60% |
| ▂▁██▆▃▁▁ | NPA / Assets (%) | 0.18% | 0.15% | 0.37% | 0.36% | 0.30% | 0.22% | 0.12% | 0.15% |
| ▂▁██▅▃▁▁ | Net Charge-Off Ratio (%) | 0.21% | 0.18% | 0.46% | 0.44% | 0.34% | 0.26% | 0.16% | 0.20% |
| ▁▂▁▃▂▄█▆ | Tang. Book Value ($M) | $132 | $133 | $131 | $134 | $133 | $135 | $139 | $137 |
| ▂▁▁▁█▇▃▃ | Gross Loans ($M) | $1,084 | $1,076 | $1,074 | $1,078 | $1,143 | $1,132 | $1,094 | $1,094 |
| ▁▃▅▅▅▆▇█ | Total Deposits ($M) | $1,122 | $1,159 | $1,185 | $1,187 | $1,187 | $1,195 | $1,216 | $1,230 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 9% |