Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.77% | +0.70 | 0.06% |
| Return on Equity (%) | ▲ | 6.80% | +6.20 | 0.60% |
| Net Interest Margin (%) | ▲ | 2.79% | +0.50 | 2.29% |
| Efficiency Ratio (%) | ▲ | 66.59% | -20.81 | 87.40% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.97 | $1 |
| Cost of Funds (%) | ▲ | 1.88% | -0.04 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $585 | -0.16 | $585 |
| Gross Loans ($M) | ▲ | $356 | +25.89 | $330 |
| Loan Growth YoY (%) | ▲ | 69.94% | +5.31 | 64.63% |
| Total Deposits ($M) | ▼ | $504 | -1.15 | $505 |
| Shareholders Equity ($M) | ▲ | $67 | +6.03 | $61 |
| Tang. Book Value ($M) | ▲ | $60 | +5.90 | $54 |
| TBV excl. AOCI ($M)** | ▲ | $69 | +5.63 | $63 |
| Loan / Deposit Ratio (%) | ▲ | 69.94% | +5.31 | 64.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.19% | -0.09 | 0.28% |
| Allowance / Loans (%) | — | 0.94% | -0.12% | 1.07% |
| Net Charge-Off Ratio (%) | ▲ | 0.29% | -0.19 | 0.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.02% | -0.26 | 19.28% |
Noninterest income ($0.74M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆██ | Net Interest Margin (%) | 1.92% | 1.97% | 2.20% | 2.29% | 2.40% | 2.48% | 2.68% | 2.79% |
| ▁▁▂▁▂▃██ | Return on Assets (%) | 0.13% | 0.13% | 0.18% | 0.06% | 0.18% | 0.31% | 0.71% | 0.77% |
| ███▇▆▅▁▁ | Efficiency Ratio (%) | 93.0% | 93.3% | 91.2% | 87.4% | 85.1% | 81.2% | 67.4% | 66.6% |
| █▆▂▃▅▃▁▂ | Cost of Funds (%) | 2.09% | 2.01% | 1.89% | 1.92% | 1.99% | 1.92% | 1.83% | 1.88% |
| ▂█▃▃▅▄▂▁ | NPA / Assets (%) | 0.25% | 0.45% | 0.27% | 0.28% | 0.33% | 0.29% | 0.22% | 0.19% |
| ▃█▃▄▅▄▂▁ | Net Charge-Off Ratio (%) | 0.45% | 0.76% | 0.47% | 0.48% | 0.56% | 0.49% | 0.38% | 0.29% |
| ▃▁▂▃▆▇██ | Tang. Book Value ($M) | $55 | $52 | $54 | $54 | $58 | $59 | $60 | $60 |
| ▃▁▁▁▄▅██ | Gross Loans ($M) | $337 | $331 | $332 | $330 | $343 | $344 | $354 | $356 |
| ▇▁▃▅▂▄█▄ | Total Deposits ($M) | $516 | $490 | $501 | $505 | $496 | $502 | $520 | $504 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 15% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 81% |
| Brokered / Other | 7% |