Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.54% | +0.18 | 1.35% |
| Return on Equity (%) | ▲ | 13.60% | +0.75 | 12.85% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.45 | 3.50% |
| Efficiency Ratio (%) | ▲ | 49.16% | -4.61 | 53.77% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.42 | $2 |
| Cost of Funds (%) | ▲ | 1.10% | -0.03 | 1.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $517 | +35.09 | $482 |
| Gross Loans ($M) | ▲ | $239 | +33.52 | $206 |
| Loan Growth YoY (%) | ▲ | 58.94% | +5.84 | 53.09% |
| Total Deposits ($M) | ▲ | $397 | +18.43 | $379 |
| Shareholders Equity ($M) | ▲ | $57 | +6.05 | $51 |
| Tang. Book Value ($M) | ▲ | $57 | +6.05 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $67 | +5.74 | $61 |
| Loan / Deposit Ratio (%) | ▲ | 58.94% | +5.84 | 53.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.23% | +0.05 | 0.17% |
| Allowance / Loans (%) | — | 2.15% | -0.10% | 2.25% |
| Net Charge-Off Ratio (%) | ▼ | 0.49% | +0.09 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▄▄█▇ | Net Interest Margin (%) | 3.25% | 3.34% | 3.45% | 3.50% | 3.57% | 3.61% | 4.10% | 3.95% |
| ▁▁▂▄▄▄██ | Return on Assets (%) | 1.23% | 1.25% | 1.29% | 1.35% | 1.37% | 1.34% | 1.52% | 1.54% |
| ████▇▇▁▁ | Efficiency Ratio (%) | 53.9% | 53.9% | 54.4% | 53.8% | 53.5% | 53.4% | 48.6% | 49.2% |
| █▅▃▁▂▁▁▁ | Cost of Funds (%) | 1.68% | 1.41% | 1.28% | 1.14% | 1.18% | 1.09% | 1.15% | 1.10% |
| ▁█▇▄▄▃█▇ | NPA / Assets (%) | 0.10% | 0.26% | 0.24% | 0.17% | 0.17% | 0.14% | 0.26% | 0.23% |
| ▁█▇▄▄▂▇▆ | Net Charge-Off Ratio (%) | 0.23% | 0.60% | 0.54% | 0.41% | 0.40% | 0.32% | 0.51% | 0.49% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $47 | $49 | $50 | $51 | $53 | $54 | $55 | $57 |
| ▁▂▃▃▃▅▇█ | Gross Loans ($M) | $194 | $205 | $208 | $206 | $209 | $219 | $232 | $239 |
| ▄▁▄▅█▄▇█ | Total Deposits ($M) | $373 | $356 | $374 | $379 | $392 | $377 | $388 | $397 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 49% |
| Interest-Bearing (core) | 47% |
| Brokered / Other | 3% |