Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.61% | -0.10 | 1.71% |
| Return on Equity (%) | ▼ | 15.38% | -0.73 | 16.11% |
| Net Interest Margin (%) | ▼ | 3.31% | -0.12 | 3.42% |
| Efficiency Ratio (%) | ▼ | 50.07% | +1.13 | 48.95% |
| Pre-Provision Profit ($M) | ▲ | $5 | +0.06 | $5 |
| Cost of Funds (%) | ▼ | 1.64% | +0.32 | 1.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,112 | +56.40 | $1,055 |
| Gross Loans ($M) | ▲ | $687 | +93.91 | $593 |
| Loan Growth YoY (%) | ▲ | 68.80% | +6.46 | 62.34% |
| Total Deposits ($M) | ▲ | $979 | +47.21 | $931 |
| Shareholders Equity ($M) | ▲ | $116 | +6.54 | $109 |
| Tang. Book Value ($M) | ▲ | $111 | +6.82 | $104 |
| TBV excl. AOCI ($M)** | ▲ | $124 | +6.55 | $117 |
| Loan / Deposit Ratio (%) | ▲ | 68.80% | +6.46 | 62.34% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.32% | +0.01 | 0.32% |
| Allowance / Loans (%) | — | 1.96% | -0.10% | 2.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.52% | -0.04 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.76M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃█▅▇▅▅▁▄ | Net Interest Margin (%) | 3.28% | 3.49% | 3.35% | 3.42% | 3.38% | 3.36% | 3.20% | 3.31% |
| ▁▃▇█▅▆▄▆ | Return on Assets (%) | 1.37% | 1.48% | 1.63% | 1.71% | 1.56% | 1.58% | 1.50% | 1.61% |
| ██▁▁▂▂▂▂ | Efficiency Ratio (%) | 57.3% | 56.5% | 49.1% | 48.9% | 50.3% | 50.3% | 50.4% | 50.1% |
| ▆▅▂▁██▆▆ | Cost of Funds (%) | 1.61% | 1.58% | 1.40% | 1.31% | 1.74% | 1.76% | 1.64% | 1.64% |
| ▁█▅▇▄▅█▇ | NPA / Assets (%) | 0.10% | 0.33% | 0.25% | 0.32% | 0.22% | 0.25% | 0.36% | 0.32% |
| ▁█▅█▅▅█▇ | Net Charge-Off Ratio (%) | 0.18% | 0.56% | 0.44% | 0.57% | 0.39% | 0.43% | 0.60% | 0.52% |
| ▁▁▂▄▅▇▇█ | Tang. Book Value ($M) | $98 | $99 | $101 | $104 | $106 | $109 | $109 | $111 |
| ▁▁▁▂▃▄▆█ | Gross Loans ($M) | $570 | $574 | $567 | $593 | $602 | $620 | $655 | $687 |
| ▂▁▁▅▅▆██ | Total Deposits ($M) | $874 | $863 | $855 | $931 | $932 | $944 | $970 | $979 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 2% |
| Consumer | 3% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 15% |