Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.38 | 0.81% |
| Return on Equity (%) | ▲ | 15.35% | +3.42 | 11.93% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.45 | 3.06% |
| Efficiency Ratio (%) | ▲ | 65.01% | -6.99 | 72.00% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.73 | $2 |
| Cost of Funds (%) | ▲ | 1.36% | -0.29 | 1.65% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $640 | +22.23 | $618 |
| Gross Loans ($M) | ▲ | $456 | +17.15 | $439 |
| Loan Growth YoY (%) | ▲ | 78.48% | +0.48 | 78.00% |
| Total Deposits ($M) | ▲ | $574 | +19.13 | $555 |
| Shareholders Equity ($M) | ▲ | $50 | +7.19 | $43 |
| Tang. Book Value ($M) | ▲ | $50 | +7.19 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +7.40 | $48 |
| Loan / Deposit Ratio (%) | ▲ | 78.48% | +0.48 | 78.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.99% | +0.36 | 1.62% |
| Allowance / Loans (%) | — | 1.17% | -0.16% | 1.33% |
| Net Charge-Off Ratio (%) | ▼ | 2.68% | +0.51 | 2.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.73% | +0.56 | 11.17% |
Noninterest income ($1.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▆██ | Net Interest Margin (%) | 2.67% | 2.76% | 3.03% | 3.06% | 3.13% | 3.22% | 3.41% | 3.50% |
| ▁▁▃▄▅▅██ | Return on Assets (%) | 0.49% | 0.56% | 0.73% | 0.81% | 0.85% | 0.89% | 1.12% | 1.18% |
| ██▅▄▃▃▁▁ | Efficiency Ratio (%) | 82.1% | 80.4% | 74.2% | 72.0% | 70.6% | 69.8% | 65.9% | 65.0% |
| █▆▄▅▄▃▁▁ | Cost of Funds (%) | 1.97% | 1.80% | 1.63% | 1.65% | 1.61% | 1.52% | 1.32% | 1.36% |
| ▁▅▅▄▇█▅█ | NPA / Assets (%) | 1.28% | 1.63% | 1.64% | 1.62% | 1.89% | 1.90% | 1.68% | 1.99% |
| ▁▄▅▅█▇▆█ | Net Charge-Off Ratio (%) | 1.65% | 2.09% | 2.17% | 2.17% | 2.58% | 2.55% | 2.31% | 2.68% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $41 | $40 | $41 | $43 | $45 | $47 | $48 | $50 |
| ▆▄▁▁▂▁▁█ | Gross Loans ($M) | $451 | $447 | $441 | $439 | $441 | $440 | $439 | $456 |
| ▁▁▃▄█▄██ | Total Deposits ($M) | $539 | $536 | $547 | $555 | $571 | $554 | $570 | $574 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 12% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 3% |