Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +0.56 | 0.71% |
| Return on Equity (%) | ▲ | 13.67% | +4.57 | 9.10% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.73 | 3.28% |
| Efficiency Ratio (%) | ▲ | 67.77% | -6.54 | 74.31% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.22 | $5 |
| Cost of Funds (%) | ▲ | 1.37% | -0.35 | 1.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,421 | -70.72 | $1,491 |
| Gross Loans ($M) | ▲ | $1,081 | +6.34 | $1,074 |
| Loan Growth YoY (%) | ▲ | 85.54% | +2.85 | 82.69% |
| Total Deposits ($M) | ▼ | $1,251 | -36.22 | $1,287 |
| Shareholders Equity ($M) | ▲ | $138 | +18.51 | $120 |
| Tang. Book Value ($M) | ▲ | $132 | +18.79 | $114 |
| TBV excl. AOCI ($M)** | ▲ | $145 | +16.46 | $129 |
| Loan / Deposit Ratio (%) | ▲ | 85.54% | +2.85 | 82.69% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.97% | 0.06% | 0.91% |
| Net Charge-Off Ratio (%) | — | 0.01% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.30% | +1.19 | 12.10% |
Noninterest income ($3.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▆▇█ | Net Interest Margin (%) | 2.60% | 2.68% | 3.13% | 3.28% | 3.39% | 3.49% | 3.84% | 4.01% |
| ▁▁▂▄▄▅▆█ | Return on Assets (%) | 0.32% | 0.38% | 0.48% | 0.71% | 0.72% | 0.82% | 0.98% | 1.27% |
| ██▇▃▄▃▂▁ | Efficiency Ratio (%) | 85.2% | 83.4% | 81.5% | 74.3% | 74.8% | 72.7% | 70.4% | 67.8% |
| █▇▅▃▄▂▁▁ | Cost of Funds (%) | 2.40% | 2.23% | 1.91% | 1.71% | 1.78% | 1.59% | 1.47% | 1.37% |
| ▃▁▁▁█▄▂▁ | NPA / Assets (%) | 0.06% | 0.02% | 0.00% | 0.00% | 0.22% | 0.10% | 0.04% | 0.00% |
| ▃▁▁▁█▄▂▁ | Net Charge-Off Ratio (%) | 0.09% | 0.04% | 0.00% | 0.00% | 0.30% | 0.13% | 0.05% | 0.01% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $107 | $105 | $110 | $114 | $119 | $124 | $127 | $132 |
| ▁▁▂▇▆▆██ | Gross Loans ($M) | $1,035 | $1,033 | $1,041 | $1,074 | $1,067 | $1,066 | $1,081 | $1,081 |
| █▆▇▇▄▁▂▃ | Total Deposits ($M) | $1,297 | $1,274 | $1,284 | $1,287 | $1,260 | $1,233 | $1,245 | $1,251 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 7% |