Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.85% | +0.16 | 0.69% |
| Return on Equity (%) | ▲ | 9.40% | +1.26 | 8.14% |
| Net Interest Margin (%) | ▲ | 3.92% | +0.39 | 3.53% |
| Efficiency Ratio (%) | ▲ | 72.20% | -4.12 | 76.32% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.39 | $2 |
| Cost of Funds (%) | ▲ | 1.75% | -0.17 | 1.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $609 | +46.14 | $563 |
| Gross Loans ($M) | ▲ | $457 | +27.31 | $430 |
| Loan Growth YoY (%) | ▼ | 82.36% | -2.66 | 85.02% |
| Total Deposits ($M) | ▲ | $548 | +48.66 | $499 |
| Shareholders Equity ($M) | ▲ | $55 | +6.13 | $49 |
| Tang. Book Value ($M) | ▲ | $55 | +6.13 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $60 | +6.58 | $53 |
| Loan / Deposit Ratio (%) | ▼ | 82.36% | -2.66 | 85.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.25% | +0.11 | 0.14% |
| Allowance / Loans (%) | — | 1.24% | 0.05% | 1.19% |
| Net Charge-Off Ratio (%) | ▼ | 0.32% | +0.15 | 0.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.27% | +0.25 | 14.02% |
Noninterest income ($1.09M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▅▅██ | Net Interest Margin (%) | 3.16% | 3.23% | 3.42% | 3.53% | 3.58% | 3.63% | 3.88% | 3.92% |
| ▁▂▃▅▇█▇█ | Return on Assets (%) | 0.42% | 0.48% | 0.57% | 0.69% | 0.75% | 0.81% | 0.80% | 0.85% |
| █▇▅▃▁▁▂▁ | Efficiency Ratio (%) | 83.6% | 81.6% | 78.4% | 76.3% | 73.6% | 72.7% | 73.8% | 72.2% |
| ██▆▄▄▆▂▁ | Cost of Funds (%) | 2.18% | 2.17% | 2.02% | 1.92% | 1.93% | 2.06% | 1.82% | 1.75% |
| ▄▆▂▁▄▅██ | NPA / Assets (%) | 0.19% | 0.21% | 0.16% | 0.14% | 0.19% | 0.21% | 0.24% | 0.25% |
| ▄▅▂▁▅▆▇█ | Net Charge-Off Ratio (%) | 0.23% | 0.26% | 0.20% | 0.17% | 0.25% | 0.27% | 0.30% | 0.32% |
| ▁▁▁▂▄▆▇█ | Tang. Book Value ($M) | $48 | $47 | $48 | $49 | $51 | $53 | $53 | $55 |
| ▁▃▄▂▄▄██ | Gross Loans ($M) | $422 | $435 | $436 | $430 | $437 | $438 | $453 | $457 |
| ▁▁▃▃▅▅▆█ | Total Deposits ($M) | $477 | $486 | $499 | $499 | $517 | $513 | $530 | $548 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 4% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 14% |