Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.36% | +0.63 | 1.73% |
| Return on Equity (%) | ▲ | 16.58% | +2.48 | 14.10% |
| Net Interest Margin (%) | ▲ | 4.02% | +0.48 | 3.54% |
| Efficiency Ratio (%) | ▲ | 59.55% | -7.25 | 66.80% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.88 | $2 |
| Cost of Funds (%) | ▼ | 0.39% | +0.02 | 0.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $467 | +14.78 | $452 |
| Gross Loans ($M) | ▲ | $227 | +16.49 | $211 |
| Loan Growth YoY (%) | ▲ | 56.15% | +3.09 | 53.06% |
| Total Deposits ($M) | ▲ | $398 | +7.22 | $391 |
| Shareholders Equity ($M) | ▲ | $67 | +8.37 | $58 |
| Tang. Book Value ($M) | ▲ | $64 | +8.37 | $55 |
| TBV excl. AOCI ($M)** | ▲ | $73 | +7.15 | $66 |
| Loan / Deposit Ratio (%) | ▲ | 56.15% | +3.09 | 53.06% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.01 | 0.03% |
| Allowance / Loans (%) | — | 1.52% | 0.05% | 1.47% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.02 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 36.97% | +1.49 | 35.47% |
Noninterest income ($2.65M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▆▇██ | Net Interest Margin (%) | 2.64% | 2.79% | 3.47% | 3.54% | 3.62% | 3.71% | 3.96% | 4.02% |
| ▁▁▄▄▅▅██ | Return on Assets (%) | 1.19% | 1.29% | 1.70% | 1.73% | 1.81% | 1.92% | 2.28% | 2.36% |
| ██▆▅▅▄▁▁ | Efficiency Ratio (%) | 71.2% | 70.2% | 66.9% | 66.8% | 66.2% | 65.0% | 60.5% | 59.6% |
| █▅▁▁▁▁▁▂ | Cost of Funds (%) | 0.75% | 0.57% | 0.37% | 0.37% | 0.34% | 0.36% | 0.33% | 0.39% |
| ▁▁▆▆▁▁█▄ | NPA / Assets (%) | 0.01% | 0.01% | 0.03% | 0.03% | 0.01% | 0.01% | 0.04% | 0.02% |
| ▁▁▆▆▁▁█▄ | Net Charge-Off Ratio (%) | 0.03% | 0.02% | 0.07% | 0.07% | 0.02% | 0.02% | 0.09% | 0.05% |
| ▂▁▃▄▆▇██ | Tang. Book Value ($M) | $51 | $49 | $53 | $55 | $59 | $61 | $62 | $64 |
| ▁▂▃▄▅▆██ | Gross Loans ($M) | $198 | $202 | $209 | $211 | $214 | $218 | $225 | $227 |
| ▇▇▇▆▇▁██ | Total Deposits ($M) | $396 | $395 | $394 | $391 | $394 | $374 | $400 | $398 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 6% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 49% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 1% |