Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.98% | +0.06 | 0.91% |
| Return on Equity (%) | ▼ | 14.22% | -0.98 | 15.20% |
| Net Interest Margin (%) | ▲ | 4.16% | +0.34 | 3.82% |
| Efficiency Ratio (%) | ▲ | 72.94% | -3.66 | 76.60% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.67 | $2 |
| Cost of Funds (%) | ▲ | 1.43% | -0.04 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $790 | +72.98 | $717 |
| Gross Loans ($M) | ▲ | $526 | +51.78 | $474 |
| Loan Growth YoY (%) | ▲ | 78.07% | +4.35 | 73.72% |
| Total Deposits ($M) | ▲ | $664 | +30.43 | $634 |
| Shareholders Equity ($M) | ▲ | $54 | +8.03 | $46 |
| Tang. Book Value ($M) | ▲ | $54 | +8.03 | $46 |
| TBV excl. AOCI ($M)** | ▲ | $64 | +8.94 | $55 |
| Loan / Deposit Ratio (%) | ▲ | 78.07% | +4.35 | 73.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.45% | +0.08 | 0.38% |
| Allowance / Loans (%) | — | 1.33% | -0.05% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 0.68% | +0.11 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.15% | -0.85 | 12.99% |
Noninterest income ($1.32M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▆▇██ | Net Interest Margin (%) | 3.24% | 3.32% | 3.71% | 3.82% | 3.90% | 3.94% | 4.09% | 4.16% |
| ▁▂▆▇▇▇█▇ | Return on Assets (%) | 0.36% | 0.53% | 0.88% | 0.91% | 0.96% | 0.96% | 1.07% | 0.98% |
| █▆▃▂▂▂▁▁ | Efficiency Ratio (%) | 90.1% | 85.5% | 77.5% | 76.6% | 75.8% | 75.7% | 73.1% | 72.9% |
| ██▄▃▂▁▂▂ | Cost of Funds (%) | 1.75% | 1.70% | 1.53% | 1.47% | 1.40% | 1.33% | 1.41% | 1.43% |
| ▂█▅▅▁▄▄▇ | NPA / Assets (%) | 0.27% | 0.49% | 0.38% | 0.38% | 0.23% | 0.34% | 0.34% | 0.45% |
| ▂█▅▅▁▄▄▇ | Net Charge-Off Ratio (%) | 0.43% | 0.77% | 0.58% | 0.57% | 0.35% | 0.53% | 0.52% | 0.68% |
| ▃▁▃▄▇███ | Tang. Book Value ($M) | $44 | $39 | $45 | $46 | $52 | $54 | $54 | $54 |
| ▁▁▁▁▃▄▆█ | Gross Loans ($M) | $472 | $468 | $472 | $474 | $484 | $496 | $510 | $526 |
| ▁▂▂▃▆▇██ | Total Deposits ($M) | $620 | $629 | $630 | $634 | $652 | $659 | $669 | $664 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 5% |
| Consumer | 3% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 9% |