Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.57% | +0.62 | 0.95% |
| Return on Equity (%) | ▲ | 23.73% | +6.20 | 17.53% |
| Net Interest Margin (%) | ▲ | 4.22% | +0.41 | 3.81% |
| Efficiency Ratio (%) | ▲ | 66.50% | -10.89 | 77.39% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.37 | $0 |
| Cost of Funds (%) | ▲ | 1.12% | -0.22 | 1.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $149 | +4.78 | $144 |
| Gross Loans ($M) | ▲ | $82 | +1.67 | $80 |
| Loan Growth YoY (%) | ▲ | 60.22% | +0.14 | 60.08% |
| Total Deposits ($M) | ▲ | $135 | +2.50 | $132 |
| Shareholders Equity ($M) | ▲ | $10 | +1.65 | $8 |
| Tang. Book Value ($M) | ▲ | $10 | +1.65 | $8 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +1.81 | $11 |
| Loan / Deposit Ratio (%) | ▲ | 60.22% | +0.14 | 60.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.30% | +0.14 | 0.15% |
| Allowance / Loans (%) | — | 0.96% | -0.04% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 0.54% | +0.27 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.58% | +1.17 | 12.41% |
Noninterest income ($0.53M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▆██ | Net Interest Margin (%) | 3.29% | 3.39% | 3.77% | 3.81% | 3.91% | 3.97% | 4.23% | 4.22% |
| ▁▂▂▄▄▅▄█ | Return on Assets (%) | 0.52% | 0.68% | 0.76% | 0.95% | 0.95% | 1.04% | 1.02% | 1.57% |
| █▇▆▅▅▄▃▁ | Efficiency Ratio (%) | 85.7% | 81.6% | 80.9% | 77.4% | 76.7% | 74.5% | 73.6% | 66.5% |
| █▆▄▄▂▃▂▁ | Cost of Funds (%) | 1.68% | 1.48% | 1.35% | 1.34% | 1.24% | 1.26% | 1.22% | 1.12% |
| ▄▃▁▁▃▃▃█ | NPA / Assets (%) | 0.21% | 0.20% | 0.14% | 0.15% | 0.20% | 0.20% | 0.19% | 0.30% |
| ▄▃▁▁▃▃▃█ | Net Charge-Off Ratio (%) | 0.37% | 0.34% | 0.25% | 0.28% | 0.35% | 0.35% | 0.33% | 0.54% |
| ▃▁▂▃▆█▇█ | Tang. Book Value ($M) | $8 | $7 | $8 | $8 | $9 | $10 | $9 | $10 |
| ▆██▁▂▆▇▄ | Gross Loans ($M) | $83 | $84 | $84 | $80 | $81 | $83 | $83 | $82 |
| ██▅▅▂▁▁█ | Total Deposits ($M) | $135 | $134 | $132 | $132 | $129 | $128 | $128 | $135 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 5% |
| Consumer | 6% |
| Other | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 5% |