Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.13% | +0.05 | 1.08% |
| Return on Equity (%) | ▼ | 6.75% | -0.15 | 6.90% |
| Net Interest Margin (%) | ▲ | 4.54% | +0.05 | 4.50% |
| Efficiency Ratio (%) | ▲ | 69.42% | -0.88 | 70.30% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.08 | $1 |
| Cost of Funds (%) | ▼ | 0.46% | +0.17 | 0.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $390 | +17.23 | $373 |
| Gross Loans ($M) | ▲ | $284 | +18.66 | $266 |
| Loan Growth YoY (%) | ▲ | 88.45% | +2.19 | 86.26% |
| Total Deposits ($M) | ▲ | $318 | +13.19 | $305 |
| Shareholders Equity ($M) | ▲ | $67 | +6.05 | $61 |
| Tang. Book Value ($M) | ▲ | $67 | +6.05 | $61 |
| TBV excl. AOCI ($M)** | ▲ | $70 | +5.55 | $65 |
| Loan / Deposit Ratio (%) | ▲ | 88.45% | +2.19 | 86.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.11% | -0.07 | 0.18% |
| Allowance / Loans (%) | — | 1.06% | 0.05% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.15% | -0.10 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 29.43% | +1.25 | 28.19% |
Noninterest income ($0.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▇██▄█ | Net Interest Margin (%) | 4.35% | 4.40% | 4.44% | 4.50% | 4.54% | 4.52% | 4.43% | 4.54% |
| ▁▃▅▅▆█▇█ | Return on Assets (%) | 1.00% | 1.04% | 1.08% | 1.08% | 1.11% | 1.15% | 1.11% | 1.13% |
| █▇▅▄▂▁▂▂ | Efficiency Ratio (%) | 72.8% | 72.0% | 70.9% | 70.3% | 69.2% | 68.4% | 69.1% | 69.4% |
| ▁▁▁▁▃▅█▇ | Cost of Funds (%) | 0.28% | 0.28% | 0.28% | 0.29% | 0.35% | 0.40% | 0.48% | 0.46% |
| █▆▇▃▂▁▁▁ | NPA / Assets (%) | 0.30% | 0.24% | 0.26% | 0.18% | 0.15% | 0.13% | 0.13% | 0.11% |
| █▆▇▃▂▁▁▁ | Net Charge-Off Ratio (%) | 0.44% | 0.34% | 0.38% | 0.25% | 0.21% | 0.18% | 0.18% | 0.15% |
| ▂▁▂▃▆▇██ | Tang. Book Value ($M) | $59 | $57 | $60 | $61 | $63 | $65 | $66 | $67 |
| ▁▁▁▂▅▇██ | Gross Loans ($M) | $260 | $263 | $262 | $266 | $273 | $281 | $282 | $284 |
| ▅▅▄▁▁██▆ | Total Deposits ($M) | $314 | $316 | $313 | $305 | $305 | $324 | $324 | $318 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 6% |