Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.71% | +0.09 | 0.62% |
| Return on Equity (%) | ▲ | 9.72% | +1.12 | 8.60% |
| Net Interest Margin (%) | ▲ | 2.85% | +0.27 | 2.58% |
| Efficiency Ratio (%) | ▼ | 79.18% | +0.02 | 79.16% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.57 | $2 |
| Cost of Funds (%) | ▲ | 2.00% | -0.23 | 2.22% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,072 | +77.95 | $994 |
| Gross Loans ($M) | ▲ | $736 | +107.06 | $629 |
| Loan Growth YoY (%) | ▲ | 83.61% | +7.16 | 76.44% |
| Total Deposits ($M) | ▲ | $874 | +56.85 | $818 |
| Shareholders Equity ($M) | ▲ | $79 | +9.04 | $70 |
| Tang. Book Value ($M) | ▲ | $79 | +9.04 | $70 |
| TBV excl. AOCI ($M)** | ▲ | $91 | +7.93 | $83 |
| Loan / Deposit Ratio (%) | ▲ | 83.61% | +7.16 | 76.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.09 | 0.12% |
| Allowance / Loans (%) | — | 0.73% | 0.03% | 0.70% |
| Net Charge-Off Ratio (%) | ▼ | 0.31% | +0.12 | 0.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.19% | -0.53 | 11.71% |
Noninterest income ($5.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▅▆▆██ | Net Interest Margin (%) | 2.23% | 2.29% | 2.57% | 2.58% | 2.62% | 2.66% | 2.82% | 2.85% |
| ▁▂▆▆▇█▇█ | Return on Assets (%) | 0.40% | 0.47% | 0.60% | 0.62% | 0.65% | 0.70% | 0.66% | 0.71% |
| █▅▁▂▂▁▂▂ | Efficiency Ratio (%) | 86.5% | 83.2% | 77.8% | 79.2% | 79.6% | 78.6% | 79.5% | 79.2% |
| █▅▃▇▇▅▁▁ | Cost of Funds (%) | 2.29% | 2.15% | 2.08% | 2.22% | 2.24% | 2.15% | 2.02% | 2.00% |
| ▁▃▂▁▁▁▃█ | NPA / Assets (%) | 0.11% | 0.13% | 0.13% | 0.12% | 0.12% | 0.12% | 0.14% | 0.21% |
| ▁▃▁▁▁▁▂█ | Net Charge-Off Ratio (%) | 0.19% | 0.22% | 0.20% | 0.19% | 0.19% | 0.19% | 0.21% | 0.31% |
| ▁▁▁▁▃▆▇█ | Tang. Book Value ($M) | $70 | $70 | $70 | $70 | $73 | $76 | $77 | $79 |
| ▁▂▃▄▅▆▆█ | Gross Loans ($M) | $532 | $580 | $609 | $629 | $647 | $671 | $685 | $736 |
| ▃▂▁▂▅███ | Total Deposits ($M) | $826 | $811 | $799 | $818 | $850 | $883 | $882 | $874 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 13% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 12% |