Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.06 | 0.99% |
| Return on Equity (%) | ▲ | 10.84% | +0.24 | 10.60% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.26 | 3.70% |
| Efficiency Ratio (%) | ▲ | 67.35% | -2.06 | 69.41% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.38 | $3 |
| Cost of Funds (%) | ▲ | 1.89% | -0.21 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $928 | +44.45 | $883 |
| Gross Loans ($M) | ▲ | $670 | +40.74 | $629 |
| Loan Growth YoY (%) | ▼ | 80.38% | -0.17 | 80.55% |
| Total Deposits ($M) | ▲ | $824 | +50.36 | $774 |
| Shareholders Equity ($M) | ▲ | $89 | +7.71 | $81 |
| Tang. Book Value ($M) | ▲ | $89 | +7.71 | $81 |
| TBV excl. AOCI ($M)** | ▲ | $98 | +7.58 | $90 |
| Loan / Deposit Ratio (%) | ▼ | 80.38% | -0.17 | 80.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Allowance / Loans (%) | — | 1.08% | 0.18% | 0.90% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.01 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.09% | +0.05 | 12.04% |
Noninterest income ($1.45M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▅▅▇██ | Net Interest Margin (%) | 3.42% | 3.48% | 3.64% | 3.70% | 3.74% | 3.82% | 3.91% | 3.95% |
| ▁▁▃▅▆▅██ | Return on Assets (%) | 0.90% | 0.89% | 0.93% | 0.99% | 1.00% | 0.98% | 1.06% | 1.04% |
| █▆▇▅▄▃▁▁ | Efficiency Ratio (%) | 71.1% | 69.9% | 70.3% | 69.4% | 68.9% | 68.5% | 67.3% | 67.4% |
| █▆▄▆▅▄▁▂ | Cost of Funds (%) | 2.26% | 2.12% | 2.01% | 2.10% | 2.08% | 2.02% | 1.81% | 1.89% |
| █▅▆▂▁▁▁▁ | NPA / Assets (%) | 0.04% | 0.02% | 0.03% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% |
| █▅▆▂▁▁▁▁ | Net Charge-Off Ratio (%) | 0.05% | 0.03% | 0.04% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▃▂▅▇██ | Tang. Book Value ($M) | $81 | $80 | $82 | $81 | $85 | $88 | $90 | $89 |
| ▁▁▂▅▇▇██ | Gross Loans ($M) | $579 | $591 | $598 | $629 | $650 | $658 | $666 | $670 |
| ▁▁▃▃▇▅██ | Total Deposits ($M) | $750 | $749 | $773 | $774 | $819 | $795 | $833 | $824 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 11% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 12% |