Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.60% | +0.03 | 1.57% |
| Return on Equity (%) | ▲ | 7.04% | +0.24 | 6.80% |
| Net Interest Margin (%) | ▲ | 4.10% | +0.16 | 3.94% |
| Efficiency Ratio (%) | ▼ | 55.21% | +0.58 | 54.63% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.08 | $2 |
| Cost of Funds (%) | ▲ | 1.84% | -0.06 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $399 | +26.73 | $372 |
| Gross Loans ($M) | ▲ | $277 | +35.10 | $242 |
| Loan Growth YoY (%) | ▲ | 107.24% | +8.45 | 98.78% |
| Total Deposits ($M) | ▲ | $256 | +13.30 | $242 |
| Shareholders Equity ($M) | ▲ | $92 | +7.05 | $85 |
| Tang. Book Value ($M) | ▲ | $92 | +7.05 | $85 |
| TBV excl. AOCI ($M)** | ▲ | $97 | +6.58 | $90 |
| Loan / Deposit Ratio (%) | ▲ | 107.24% | +8.45 | 98.78% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.81% | -0.02 | 0.82% |
| Allowance / Loans (%) | — | 1.02% | -0.00% | 1.02% |
| Net Charge-Off Ratio (%) | ▲ | 1.11% | -0.16 | 1.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 31.86% | -1.24 | 33.10% |
Noninterest income ($0.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▄▄▇█ | Net Interest Margin (%) | 3.81% | 3.82% | 3.94% | 3.94% | 3.95% | 3.93% | 4.06% | 4.10% |
| ▁▃▄▆▆▂█▇ | Return on Assets (%) | 1.40% | 1.47% | 1.51% | 1.57% | 1.57% | 1.44% | 1.64% | 1.60% |
| ▃▁█▁▂▅▁▃ | Efficiency Ratio (%) | 55.4% | 54.8% | 56.8% | 54.6% | 55.1% | 55.9% | 54.9% | 55.2% |
| ▃▆▁▇▇▂█▂ | Cost of Funds (%) | 1.85% | 1.88% | 1.82% | 1.90% | 1.91% | 1.84% | 1.92% | 1.84% |
| ▁▁▂██▂██ | NPA / Assets (%) | 0.16% | 0.16% | 0.29% | 0.82% | 0.84% | 0.30% | 0.80% | 0.81% |
| ▁▁▂██▂█▇ | Net Charge-Off Ratio (%) | 0.25% | 0.25% | 0.45% | 1.27% | 1.26% | 0.44% | 1.16% | 1.11% |
| ▁▁▁▂▄▆▇█ | Tang. Book Value ($M) | $84 | $84 | $84 | $85 | $88 | $89 | $91 | $92 |
| ▁▁▂▃▅███ | Gross Loans ($M) | $225 | $228 | $236 | $242 | $251 | $277 | $274 | $277 |
| ▂▁▃▁▃▅█▇ | Total Deposits ($M) | $245 | $241 | $246 | $242 | $246 | $252 | $260 | $256 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 9% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 18% |