Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.24% | +0.42 | 0.82% |
| Return on Equity (%) | ▲ | 12.84% | +3.93 | 8.91% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.36 | 3.46% |
| Efficiency Ratio (%) | ▲ | 53.20% | -9.44 | 62.64% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.22 | $2 |
| Cost of Funds (%) | ▲ | 2.48% | -0.20 | 2.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $651 | +16.62 | $634 |
| Gross Loans ($M) | ▲ | $589 | +27.58 | $562 |
| Loan Growth YoY (%) | ▲ | 107.52% | +3.31 | 104.21% |
| Total Deposits ($M) | ▲ | $541 | +9.43 | $531 |
| Shareholders Equity ($M) | ▲ | $64 | +6.33 | $57 |
| Tang. Book Value ($M) | ▲ | $64 | +6.33 | $57 |
| TBV excl. AOCI ($M)** | ▲ | $65 | +6.22 | $59 |
| Loan / Deposit Ratio (%) | ▲ | 107.52% | +3.31 | 104.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.00% | +0.20 | 1.80% |
| Allowance / Loans (%) | — | 1.39% | -0.09% | 1.49% |
| Net Charge-Off Ratio (%) | ▼ | 2.21% | +0.22 | 1.99% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.54% | +0.42 | 11.12% |
Noninterest income ($1.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▆▇▇█ | Net Interest Margin (%) | 3.11% | 3.17% | 3.36% | 3.46% | 3.56% | 3.65% | 3.65% | 3.81% |
| ▁▁▄▄▅▅██ | Return on Assets (%) | 0.56% | 0.51% | 0.80% | 0.82% | 0.88% | 0.93% | 1.22% | 1.24% |
| ▇█▅▅▄▄▁▁ | Efficiency Ratio (%) | 67.2% | 70.2% | 63.2% | 62.6% | 61.1% | 59.9% | 54.3% | 53.2% |
| █▆▅▃▃▂▁▁ | Cost of Funds (%) | 3.16% | 2.91% | 2.82% | 2.68% | 2.68% | 2.54% | 2.42% | 2.48% |
| ▃▆▁▁▄▆██ | NPA / Assets (%) | 1.87% | 1.93% | 1.80% | 1.80% | 1.90% | 1.93% | 1.98% | 2.00% |
| ▁▃▆▆▆▇██ | Net Charge-Off Ratio (%) | 1.56% | 1.75% | 1.98% | 1.99% | 2.00% | 2.11% | 2.20% | 2.21% |
| ▁▁▁▂▄▆▆█ | Tang. Book Value ($M) | $56 | $56 | $56 | $57 | $59 | $61 | $61 | $64 |
| ▁▃▂▅▅▇██ | Gross Loans ($M) | $532 | $550 | $542 | $562 | $566 | $579 | $583 | $589 |
| ▅▂▁▆▆▁▇█ | Total Deposits ($M) | $525 | $513 | $510 | $531 | $529 | $509 | $533 | $541 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 75% |
| C&I / Commercial | 22% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 15% |