Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 3.34% | +0.40 | 2.94% |
| Return on Equity (%) | ▼ | 23.64% | -1.83 | 25.47% |
| Net Interest Margin (%) | ▲ | 5.34% | +0.34 | 5.01% |
| Efficiency Ratio (%) | ▲ | 38.02% | -1.47 | 39.50% |
| Pre-Provision Profit ($M) | ▲ | $8 | +0.92 | $7 |
| Cost of Funds (%) | ▲ | 1.06% | -0.06 | 1.12% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $696 | +57.93 | $638 |
| Gross Loans ($M) | ▲ | $519 | +49.56 | $469 |
| Loan Growth YoY (%) | ▲ | 88.99% | +2.54 | 86.45% |
| Total Deposits ($M) | ▲ | $578 | +39.71 | $538 |
| Shareholders Equity ($M) | ▲ | $100 | +21.96 | $78 |
| Tang. Book Value ($M) | ▲ | $100 | +21.96 | $78 |
| TBV excl. AOCI ($M)** | ▲ | $104 | +21.19 | $83 |
| Loan / Deposit Ratio (%) | ▲ | 88.99% | +2.54 | 86.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.23% | +0.17 | 0.05% |
| Allowance / Loans (%) | — | 0.91% | 0.03% | 0.88% |
| Net Charge-Off Ratio (%) | ▼ | 0.30% | +0.23 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.96% | +1.86 | 17.10% |
Noninterest income ($4.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅████ | Net Interest Margin (%) | 4.49% | 4.59% | 4.79% | 5.01% | 5.25% | 5.35% | 5.33% | 5.34% |
| ▁▂▄▆▇███ | Return on Assets (%) | 1.84% | 2.07% | 2.48% | 2.94% | 3.24% | 3.50% | 3.31% | 3.34% |
| █▇▄▃▁▁▂▂ | Efficiency Ratio (%) | 49.9% | 47.9% | 42.1% | 39.5% | 37.0% | 35.8% | 38.6% | 38.0% |
| ▁▃▃█▂▃▅▄ | Cost of Funds (%) | 1.01% | 1.04% | 1.04% | 1.12% | 1.03% | 1.04% | 1.07% | 1.06% |
| ▂▁▁▂▁▂▁█ | NPA / Assets (%) | 0.06% | 0.03% | 0.02% | 0.05% | 0.05% | 0.05% | 0.05% | 0.23% |
| ▂▁▁▂▁▁▁█ | Net Charge-Off Ratio (%) | 0.08% | 0.04% | 0.03% | 0.07% | 0.06% | 0.07% | 0.06% | 0.30% |
| ▁▁▂▃▅▇██ | Tang. Book Value ($M) | $67 | $68 | $73 | $78 | $86 | $92 | $97 | $100 |
| ▁▂▄▄▆▆▇█ | Gross Loans ($M) | $427 | $443 | $467 | $469 | $489 | $488 | $506 | $519 |
| ▁▁▃▃▅▅▇█ | Total Deposits ($M) | $520 | $518 | $536 | $538 | $553 | $553 | $568 | $578 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 7% |
| Consumer | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 8% |