Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.14% | +0.54 | 0.61% |
| Return on Equity (%) | ▲ | 7.13% | +3.36 | 3.77% |
| Net Interest Margin (%) | ▲ | 3.02% | +0.54 | 2.47% |
| Efficiency Ratio (%) | ▲ | 54.31% | -14.42 | 68.73% |
| Pre-Provision Profit ($M) | ▲ | $5 | +2.66 | $2 |
| Cost of Funds (%) | ▲ | 2.67% | -0.25 | 2.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,061 | +67.52 | $994 |
| Gross Loans ($M) | ▲ | $939 | +57.97 | $881 |
| Loan Growth YoY (%) | ▲ | 150.59% | +10.74 | 139.85% |
| Total Deposits ($M) | ▼ | $621 | -6.23 | $627 |
| Shareholders Equity ($M) | ▲ | $171 | +10.00 | $161 |
| Tang. Book Value ($M) | ▲ | $170 | +10.23 | $160 |
| TBV excl. AOCI ($M)** | ▲ | $173 | +10.40 | $163 |
| Loan / Deposit Ratio (%) | ▲ | 150.59% | +10.74 | 139.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.50% | -0.09 | 0.59% |
| Allowance / Loans (%) | — | 0.43% | -0.03% | 0.46% |
| Net Charge-Off Ratio (%) | ▲ | 0.56% | -0.10 | 0.66% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▄▄▅██ | Net Interest Margin (%) | 2.04% | 2.17% | 2.46% | 2.47% | 2.51% | 2.58% | 2.99% | 3.02% |
| ▁▁▃▃▃▄▇█ | Return on Assets (%) | 0.41% | 0.41% | 0.62% | 0.61% | 0.67% | 0.69% | 0.99% | 1.14% |
| ██▅▆▅▅▂▁ | Efficiency Ratio (%) | 75.5% | 76.3% | 67.6% | 68.7% | 66.5% | 66.4% | 57.3% | 54.3% |
| ▇█▅▆▆▃▁▁ | Cost of Funds (%) | 2.97% | 3.02% | 2.87% | 2.92% | 2.89% | 2.76% | 2.68% | 2.67% |
| █▁▁▅▅▃▄▄ | NPA / Assets (%) | 0.94% | 0.14% | 0.21% | 0.59% | 0.62% | 0.42% | 0.44% | 0.50% |
| █▁▁▅▅▃▄▄ | Net Charge-Off Ratio (%) | 1.08% | 0.16% | 0.24% | 0.66% | 0.69% | 0.47% | 0.52% | 0.56% |
| ▁▁▂▃▄▅▇█ | Tang. Book Value ($M) | $155 | $155 | $158 | $160 | $162 | $164 | $167 | $170 |
| ▁▁▃▁▃▇▅█ | Gross Loans ($M) | $873 | $873 | $890 | $881 | $892 | $923 | $911 | $939 |
| ▆▁▇█▇▄▆▇ | Total Deposits ($M) | $616 | $592 | $621 | $627 | $621 | $609 | $617 | $621 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 38% |