Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.23 | 1.19% |
| Return on Equity (%) | ▲ | 13.47% | +0.85 | 12.62% |
| Net Interest Margin (%) | ▲ | 3.90% | +0.39 | 3.51% |
| Efficiency Ratio (%) | ▲ | 55.54% | -4.22 | 59.76% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.36 | $5 |
| Cost of Funds (%) | ▲ | 1.10% | -0.07 | 1.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,288 | +47.23 | $1,240 |
| Gross Loans ($M) | ▲ | $680 | +19.67 | $660 |
| Loan Growth YoY (%) | ▲ | 58.73% | +0.32 | 58.41% |
| Total Deposits ($M) | ▲ | $1,140 | +25.78 | $1,114 |
| Shareholders Equity ($M) | ▲ | $138 | +19.18 | $119 |
| Tang. Book Value ($M) | ▲ | $131 | +19.20 | $112 |
| TBV excl. AOCI ($M)** | ▲ | $152 | +19.76 | $132 |
| Loan / Deposit Ratio (%) | ▲ | 58.73% | +0.32 | 58.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.38% | +0.06 | 0.32% |
| Allowance / Loans (%) | — | 1.58% | 0.10% | 1.47% |
| Net Charge-Off Ratio (%) | ▼ | 0.72% | +0.12 | 0.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.09M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▆▇█ | Net Interest Margin (%) | 3.22% | 3.26% | 3.40% | 3.51% | 3.60% | 3.64% | 3.80% | 3.90% |
| ▁▁▂▄▅▇▇█ | Return on Assets (%) | 1.05% | 1.08% | 1.10% | 1.19% | 1.28% | 1.35% | 1.34% | 1.42% |
| ██▇▅▄▂▂▁ | Efficiency Ratio (%) | 62.6% | 61.9% | 61.2% | 59.8% | 58.6% | 57.3% | 57.0% | 55.5% |
| █▅▅▃▃▂▁▁ | Cost of Funds (%) | 1.38% | 1.27% | 1.24% | 1.17% | 1.20% | 1.14% | 1.10% | 1.10% |
| █▇▃▂▁▄▁█ | NPA / Assets (%) | 0.38% | 0.37% | 0.34% | 0.32% | 0.31% | 0.34% | 0.31% | 0.38% |
| ▇▆▃▁▁▄▁█ | Net Charge-Off Ratio (%) | 0.70% | 0.69% | 0.63% | 0.61% | 0.59% | 0.65% | 0.60% | 0.72% |
| ▁▁▂▃▆▇▇█ | Tang. Book Value ($M) | $106 | $104 | $109 | $112 | $121 | $127 | $127 | $131 |
| ▁▁▃▅▃▆██ | Gross Loans ($M) | $640 | $641 | $653 | $660 | $653 | $666 | $676 | $680 |
| ▁▃▅▇▅▇██ | Total Deposits ($M) | $1,034 | $1,070 | $1,088 | $1,114 | $1,098 | $1,126 | $1,140 | $1,140 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 10% |
| Consumer | 6% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 6% |