Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.68% | +0.29 | 0.39% |
| Return on Equity (%) | ▲ | 7.02% | +2.77 | 4.25% |
| Net Interest Margin (%) | ▲ | 3.74% | +0.59 | 3.15% |
| Efficiency Ratio (%) | ▲ | 74.61% | -6.95 | 81.56% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.33 | $1 |
| Cost of Funds (%) | ▲ | 1.48% | -0.32 | 1.79% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $485 | +12.44 | $473 |
| Gross Loans ($M) | ▲ | $352 | +14.65 | $338 |
| Loan Growth YoY (%) | ▲ | 83.61% | +2.19 | 81.42% |
| Total Deposits ($M) | ▲ | $417 | +6.26 | $410 |
| Shareholders Equity ($M) | ▲ | $47 | +3.07 | $44 |
| Tang. Book Value ($M) | ▲ | $41 | +3.36 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $45 | +3.05 | $41 |
| Loan / Deposit Ratio (%) | ▲ | 83.61% | +2.19 | 81.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.29 | 0.29% |
| Allowance / Loans (%) | — | 1.10% | 0.08% | 1.02% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.23 | 0.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.55% | +0.76 | 12.79% |
Noninterest income ($0.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▄▄██ | Net Interest Margin (%) | 2.99% | 2.99% | 3.06% | 3.15% | 3.32% | 3.36% | 3.68% | 3.74% |
| ▁▁▁▃▃▄██ | Return on Assets (%) | 0.29% | 0.24% | 0.29% | 0.39% | 0.41% | 0.41% | 0.68% | 0.68% |
| ██▇▅▃▄▁▁ | Efficiency Ratio (%) | 86.7% | 88.1% | 85.8% | 81.6% | 79.5% | 80.7% | 76.1% | 74.6% |
| ▅█▇▆▄▃▁▁ | Cost of Funds (%) | 1.73% | 1.95% | 1.84% | 1.79% | 1.70% | 1.62% | 1.48% | 1.48% |
| ▃▃▆█▃▃▂▁ | NPA / Assets (%) | 0.09% | 0.09% | 0.21% | 0.29% | 0.08% | 0.09% | 0.05% | 0.00% |
| ▅▅▅█▄▅▃▁ | Net Charge-Off Ratio (%) | 0.13% | 0.12% | 0.12% | 0.23% | 0.11% | 0.12% | 0.07% | 0.00% |
| ▁▁▂▃▅▆▇█ | Tang. Book Value ($M) | $36 | $36 | $37 | $37 | $38 | $39 | $40 | $41 |
| ▁▁▂▄▅▄▆█ | Gross Loans ($M) | $325 | $329 | $329 | $338 | $340 | $338 | $343 | $352 |
| ▄▁▄▆▁▁▆█ | Total Deposits ($M) | $404 | $398 | $405 | $410 | $398 | $396 | $409 | $417 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 14% |