Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | — | 1.92% | 0.00 | 1.92% |
| Return on Equity (%) | ▼ | 14.64% | -1.17 | 15.81% |
| Net Interest Margin (%) | ▼ | 5.57% | -0.17 | 5.74% |
| Efficiency Ratio (%) | ▲ | 62.93% | -0.27 | 63.20% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.05 | $1 |
| Cost of Funds (%) | — | 0.02% | 0.00 | 0.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $193 | +2.69 | $190 |
| Gross Loans ($M) | ▲ | $117 | +6.73 | $110 |
| Loan Growth YoY (%) | ▲ | 70.92% | +3.49 | 67.43% |
| Total Deposits ($M) | ▲ | $164 | +1.46 | $162 |
| Shareholders Equity ($M) | ▲ | $27 | +2.13 | $24 |
| Tang. Book Value ($M) | ▲ | $26 | +2.20 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $28 | +2.21 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 70.92% | +3.49 | 67.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.01 | 0.07% |
| Allowance / Loans (%) | — | 0.91% | -0.01% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 0.09% | +0.01 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▆▆▇█▇▁▃ | Net Interest Margin (%) | 5.68% | 5.71% | 5.69% | 5.74% | 5.78% | 5.73% | 5.49% | 5.57% |
| █▇▆▅▂▁█▅ | Return on Assets (%) | 2.02% | 1.96% | 1.94% | 1.92% | 1.83% | 1.79% | 1.99% | 1.92% |
| ▁▂▃▅██▃▄ | Efficiency Ratio (%) | 60.8% | 61.7% | 62.4% | 63.2% | 65.1% | 65.4% | 62.2% | 62.9% |
| █▄▃▁▂▃▂▁ | Cost of Funds (%) | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| █▇▆▇▅█▁▁ | NPA / Assets (%) | 0.07% | 0.07% | 0.07% | 0.07% | 0.06% | 0.07% | 0.05% | 0.06% |
| ▂▁▁▁▅█▃▂ | Net Charge-Off Ratio (%) | 0.09% | 0.09% | 0.08% | 0.08% | 0.11% | 0.13% | 0.10% | 0.09% |
| ▁▁▂▄▄▇▇█ | Tang. Book Value ($M) | $22 | $21 | $22 | $23 | $23 | $25 | $25 | $26 |
| ▁▁▃▃▄▄▅█ | Gross Loans ($M) | $107 | $108 | $110 | $110 | $112 | $111 | $112 | $117 |
| ▂▄█▂▁▇█▃ | Total Deposits ($M) | $162 | $165 | $173 | $162 | $159 | $171 | $174 | $164 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 2% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 1% |