Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.60 | 0.43% |
| Return on Equity (%) | ▲ | 9.15% | +5.34 | 3.81% |
| Net Interest Margin (%) | ▲ | 4.06% | +0.42 | 3.65% |
| Efficiency Ratio (%) | ▲ | 77.33% | -8.70 | 86.03% |
| Pre-Provision Profit ($M) | ▲ | $2 | +1.34 | $1 |
| Cost of Funds (%) | ▲ | 1.40% | -0.30 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $727 | +36.50 | $690 |
| Gross Loans ($M) | ▲ | $508 | +27.41 | $480 |
| Loan Growth YoY (%) | ▲ | 78.62% | +0.51 | 78.11% |
| Total Deposits ($M) | ▲ | $639 | +30.83 | $608 |
| Shareholders Equity ($M) | ▲ | $82 | +2.49 | $79 |
| Tang. Book Value ($M) | ▲ | $81 | +2.56 | $78 |
| TBV excl. AOCI ($M)** | ▲ | $90 | +2.59 | $87 |
| Loan / Deposit Ratio (%) | ▲ | 78.62% | +0.51 | 78.11% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Allowance / Loans (%) | — | 1.09% | -0.05% | 1.13% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.26M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▆▇█ | Net Interest Margin (%) | 3.17% | 3.28% | 3.53% | 3.65% | 3.72% | 3.78% | 3.94% | 4.06% |
| ▃▄▃▁▂▄▇█ | Return on Assets (%) | 0.62% | 0.67% | 0.62% | 0.43% | 0.57% | 0.67% | 0.94% | 1.03% |
| ▂▂▄█▆▄▁▁ | Efficiency Ratio (%) | 79.4% | 78.6% | 80.9% | 86.0% | 83.2% | 81.5% | 78.2% | 77.3% |
| █▇▅▅▅▃▂▁ | Cost of Funds (%) | 1.93% | 1.81% | 1.70% | 1.70% | 1.70% | 1.57% | 1.49% | 1.40% |
| █▂▁▁▃▃▃▁ | NPA / Assets (%) | 0.27% | 0.06% | 0.03% | 0.01% | 0.08% | 0.07% | 0.07% | 0.00% |
| █▂▁▁▃▃▃▁ | Net Charge-Off Ratio (%) | 0.40% | 0.09% | 0.04% | 0.01% | 0.11% | 0.11% | 0.11% | 0.00% |
| ▄▁▄▅▄▆██ | Tang. Book Value ($M) | $78 | $75 | $78 | $78 | $78 | $79 | $80 | $81 |
| ▃▁▃▃▆▆▃█ | Gross Loans ($M) | $481 | $470 | $480 | $480 | $494 | $498 | $482 | $508 |
| ▆▃▁▂▃▆██ | Total Deposits ($M) | $629 | $614 | $603 | $608 | $612 | $629 | $635 | $639 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 6% |