Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.72% | +0.11 | 0.61% |
| Return on Equity (%) | ▲ | 9.14% | +1.38 | 7.76% |
| Net Interest Margin (%) | ▲ | 3.38% | +0.26 | 3.12% |
| Efficiency Ratio (%) | ▲ | 75.34% | -3.72 | 79.06% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.59 | $2 |
| Cost of Funds (%) | ▲ | 1.14% | -0.00 | 1.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $896 | +75.51 | $821 |
| Gross Loans ($M) | ▲ | $741 | +62.21 | $679 |
| Loan Growth YoY (%) | ▲ | 92.85% | +3.41 | 89.44% |
| Total Deposits ($M) | ▲ | $790 | +38.67 | $752 |
| Shareholders Equity ($M) | ▲ | $70 | +4.41 | $66 |
| Tang. Book Value ($M) | ▲ | $70 | +4.41 | $66 |
| TBV excl. AOCI ($M)** | ▲ | $74 | +3.94 | $70 |
| Loan / Deposit Ratio (%) | ▲ | 92.85% | +3.41 | 89.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.06 | 0.29% |
| Allowance / Loans (%) | — | 1.00% | 0.01% | 0.99% |
| Net Charge-Off Ratio (%) | ▼ | 0.42% | +0.07 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.65% | -0.74 | 15.39% |
Noninterest income ($1.90M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▆▆▇█ | Net Interest Margin (%) | 2.79% | 2.83% | 3.02% | 3.12% | 3.17% | 3.20% | 3.31% | 3.38% |
| ▁▁▂▅▅▇▆█ | Return on Assets (%) | 0.47% | 0.49% | 0.53% | 0.61% | 0.62% | 0.67% | 0.64% | 0.72% |
| ██▇▄▄▃▂▁ | Efficiency Ratio (%) | 83.0% | 82.9% | 81.1% | 79.1% | 78.9% | 77.7% | 77.1% | 75.3% |
| █▆▂▁▂▂▂▁ | Cost of Funds (%) | 1.35% | 1.28% | 1.19% | 1.14% | 1.19% | 1.19% | 1.17% | 1.14% |
| ▁▃▄▅▆▄▄█ | NPA / Assets (%) | 0.20% | 0.26% | 0.26% | 0.29% | 0.31% | 0.27% | 0.27% | 0.35% |
| ▁▃▄▅▆▅▄█ | Net Charge-Off Ratio (%) | 0.25% | 0.31% | 0.32% | 0.35% | 0.38% | 0.34% | 0.33% | 0.42% |
| ▁▁▃▄▅▇██ | Tang. Book Value ($M) | $63 | $63 | $65 | $66 | $67 | $69 | $70 | $70 |
| ▁▁▂▃▄▆▇█ | Gross Loans ($M) | $651 | $661 | $664 | $679 | $693 | $710 | $725 | $741 |
| ▂▂▁▁▂▄▅█ | Total Deposits ($M) | $757 | $754 | $749 | $752 | $756 | $766 | $770 | $790 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 85% |
| Brokered / Other | 7% |