Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.20% | -0.15 | 1.35% |
| Return on Equity (%) | ▼ | 12.37% | -3.15 | 15.52% |
| Net Interest Margin (%) | ▲ | 4.49% | +0.35 | 4.14% |
| Efficiency Ratio (%) | ▲ | 65.01% | -1.22 | 66.23% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.46 | $3 |
| Cost of Funds (%) | ▲ | 1.02% | -0.17 | 1.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $737 | +19.71 | $717 |
| Gross Loans ($M) | ▲ | $513 | +24.27 | $488 |
| Loan Growth YoY (%) | ▲ | 77.24% | +0.29 | 76.95% |
| Total Deposits ($M) | ▲ | $655 | +28.66 | $627 |
| Shareholders Equity ($M) | ▲ | $73 | +11.10 | $62 |
| Tang. Book Value ($M) | ▲ | $55 | +11.10 | $44 |
| TBV excl. AOCI ($M)** | ▲ | $61 | +10.15 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 77.24% | +0.29 | 76.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.07% | -0.28 | 0.34% |
| Allowance / Loans (%) | — | 1.24% | -0.00% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.41 | 0.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.91% | -0.06 | 12.96% |
Noninterest income ($1.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▅▇█ | Net Interest Margin (%) | 3.83% | 3.89% | 4.09% | 4.14% | 4.17% | 4.22% | 4.34% | 4.49% |
| █▅▄▇██▁▂ | Return on Assets (%) | 1.37% | 1.28% | 1.26% | 1.35% | 1.41% | 1.39% | 1.14% | 1.20% |
| ▁▄█▆▃▃▅▂ | Efficiency Ratio (%) | 64.3% | 65.6% | 67.3% | 66.2% | 65.2% | 65.1% | 66.1% | 65.0% |
| ▆▅▇█▇▅▁▁ | Cost of Funds (%) | 1.15% | 1.13% | 1.17% | 1.20% | 1.18% | 1.13% | 1.04% | 1.02% |
| ▁▇███▆▅▁ | NPA / Assets (%) | 0.08% | 0.30% | 0.33% | 0.34% | 0.35% | 0.28% | 0.23% | 0.07% |
| ▁▇███▇▅▁ | Net Charge-Off Ratio (%) | 0.13% | 0.44% | 0.50% | 0.51% | 0.51% | 0.41% | 0.33% | 0.10% |
| ▃▁▃▂▅▆██ | Tang. Book Value ($M) | $46 | $42 | $46 | $44 | $49 | $51 | $54 | $55 |
| ▁▄▅▆▆▇▇█ | Gross Loans ($M) | $442 | $475 | $483 | $488 | $491 | $498 | $504 | $513 |
| ▂▁▄▃▄██▇ | Total Deposits ($M) | $622 | $613 | $631 | $627 | $632 | $658 | $663 | $655 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 18% |
| Consumer | 15% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 13% |