Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.53% | +0.16 | 1.36% |
| Return on Equity (%) | ▲ | 15.73% | +0.62 | 15.11% |
| Net Interest Margin (%) | ▲ | 5.09% | +0.28 | 4.81% |
| Efficiency Ratio (%) | ▲ | 63.35% | -0.76 | 64.11% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.35 | $2 |
| Cost of Funds (%) | ▲ | 1.09% | -0.28 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $456 | +23.36 | $433 |
| Gross Loans ($M) | ▲ | $314 | +42.59 | $271 |
| Loan Growth YoY (%) | ▲ | 75.93% | +7.54 | 68.39% |
| Total Deposits ($M) | ▲ | $407 | +16.39 | $391 |
| Shareholders Equity ($M) | ▲ | $45 | +6.47 | $39 |
| Tang. Book Value ($M) | ▲ | $45 | +6.47 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $50 | +5.88 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 75.93% | +7.54 | 68.39% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.26% | +0.08 | 0.18% |
| Allowance / Loans (%) | — | 1.38% | 0.03% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.37% | +0.08 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▁▃▄▅▅█ | Net Interest Margin (%) | 4.82% | 4.84% | 4.70% | 4.81% | 4.88% | 4.94% | 4.95% | 5.09% |
| ▇▅▁▃▄▅▅█ | Return on Assets (%) | 1.49% | 1.42% | 1.29% | 1.36% | 1.40% | 1.42% | 1.43% | 1.53% |
| ▄▅█▄▃▁▆▂ | Efficiency Ratio (%) | 63.8% | 64.4% | 65.8% | 64.1% | 63.4% | 62.6% | 64.7% | 63.3% |
| ▄▇▆██▄▂▁ | Cost of Funds (%) | 1.22% | 1.32% | 1.27% | 1.37% | 1.37% | 1.23% | 1.14% | 1.09% |
| ▄▁▅▃▁█▂█ | NPA / Assets (%) | 0.20% | 0.16% | 0.21% | 0.18% | 0.15% | 0.26% | 0.18% | 0.26% |
| ▅▂▆▃▁█▂█ | Net Charge-Off Ratio (%) | 0.33% | 0.27% | 0.35% | 0.29% | 0.24% | 0.39% | 0.27% | 0.37% |
| ▂▁▁▂▅▆▆█ | Tang. Book Value ($M) | $39 | $38 | $38 | $39 | $42 | $43 | $43 | $45 |
| ▁▂▂▄▅▆▇█ | Gross Loans ($M) | $242 | $252 | $255 | $271 | $279 | $294 | $302 | $314 |
| ▁▂▅▅▅▆██ | Total Deposits ($M) | $361 | $371 | $387 | $391 | $388 | $391 | $409 | $407 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 5% |
| Consumer | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 11% |