Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.31% | +0.43 | 1.88% |
| Return on Equity (%) | ▲ | 23.53% | +3.19 | 20.34% |
| Net Interest Margin (%) | ▲ | 4.63% | +0.67 | 3.96% |
| Efficiency Ratio (%) | ▲ | 56.92% | -2.37 | 59.29% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.43 | $1 |
| Cost of Funds (%) | ▲ | 0.51% | -0.13 | 0.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $248 | +5.60 | $243 |
| Gross Loans ($M) | ▲ | $132 | +9.47 | $122 |
| Loan Growth YoY (%) | ▲ | 59.04% | +3.29 | 55.75% |
| Total Deposits ($M) | ▲ | $221 | +3.99 | $217 |
| Shareholders Equity ($M) | ▲ | $24 | +1.24 | $23 |
| Tang. Book Value ($M) | ▲ | $24 | +1.24 | $23 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +1.08 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 59.04% | +3.29 | 55.75% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.12% | -0.19 | 0.31% |
| Allowance / Loans (%) | — | 1.13% | -0.10% | 1.23% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -0.40 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.39% | -1.03 | 19.42% |
Noninterest income ($0.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▆██ | Net Interest Margin (%) | 3.43% | 3.58% | 3.88% | 3.96% | 4.10% | 4.25% | 4.52% | 4.63% |
| ▁▁▄▄▆▆▆█ | Return on Assets (%) | 1.49% | 1.58% | 1.87% | 1.88% | 2.03% | 2.08% | 2.08% | 2.31% |
| ▇█▃▃▃▃▃▁ | Efficiency Ratio (%) | 62.9% | 63.8% | 58.7% | 59.3% | 59.1% | 59.1% | 58.9% | 56.9% |
| █▁▂▄▃▂▂▂ | Cost of Funds (%) | 0.87% | 0.45% | 0.54% | 0.64% | 0.57% | 0.51% | 0.50% | 0.51% |
| ▁▁▂█▇█▄▂ | NPA / Assets (%) | 0.06% | 0.05% | 0.09% | 0.31% | 0.30% | 0.34% | 0.16% | 0.12% |
| ▁▁▂███▄▂ | Net Charge-Off Ratio (%) | 0.10% | 0.10% | 0.17% | 0.62% | 0.60% | 0.63% | 0.31% | 0.22% |
| ▁▁▃▅▇███ | Tang. Book Value ($M) | $21 | $21 | $22 | $23 | $24 | $24 | $24 | $24 |
| ▁▃▃▃▃▇▇█ | Gross Loans ($M) | $119 | $123 | $123 | $122 | $123 | $130 | $130 | $132 |
| ▆▃▁▄█▁▅▇ | Total Deposits ($M) | $221 | $216 | $212 | $217 | $223 | $213 | $218 | $221 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 8% |
| Consumer | 4% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 41% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 3% |