Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.38% | +0.67 | 0.71% |
| Return on Equity (%) | ▲ | 13.70% | +7.09 | 6.61% |
| Net Interest Margin (%) | ▲ | 3.89% | +0.22 | 3.67% |
| Efficiency Ratio (%) | ▲ | 50.99% | -1.91 | 52.90% |
| Pre-Provision Profit ($M) | ▲ | $6 | +1.01 | $5 |
| Cost of Funds (%) | ▲ | 1.55% | -0.20 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,178 | +131.10 | $1,047 |
| Gross Loans ($M) | ▲ | $799 | +60.39 | $738 |
| Loan Growth YoY (%) | ▼ | 77.68% | -3.81 | 81.49% |
| Total Deposits ($M) | ▲ | $1,014 | +119.89 | $894 |
| Shareholders Equity ($M) | ▲ | $121 | +8.54 | $112 |
| Tang. Book Value ($M) | ▲ | $121 | +8.54 | $112 |
| TBV excl. AOCI ($M)** | ▲ | $132 | +10.50 | $121 |
| Loan / Deposit Ratio (%) | ▼ | 77.68% | -3.81 | 81.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.68% | +0.48 | 0.20% |
| Allowance / Loans (%) | — | 1.33% | 0.07% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 1.00% | +0.72 | 0.28% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▆▆▇███ | Net Interest Margin (%) | 3.07% | 3.23% | 3.63% | 3.67% | 3.75% | 3.80% | 3.88% | 3.89% |
| ▅▅▆▁▃▄██ | Return on Assets (%) | 1.15% | 1.15% | 1.26% | 0.71% | 0.94% | 1.06% | 1.45% | 1.38% |
| ██▄▅▄▄▁▃ | Efficiency Ratio (%) | 55.1% | 55.6% | 51.9% | 52.9% | 52.0% | 52.0% | 48.6% | 51.0% |
| ██▃▃▃▂▁▁ | Cost of Funds (%) | 2.30% | 2.35% | 1.76% | 1.74% | 1.75% | 1.63% | 1.49% | 1.55% |
| ▂▂▂▃▂▁▁█ | NPA / Assets (%) | 0.12% | 0.13% | 0.12% | 0.20% | 0.11% | 0.00% | 0.03% | 0.68% |
| ▂▂▂▃▂▁▁█ | Net Charge-Off Ratio (%) | 0.19% | 0.18% | 0.18% | 0.28% | 0.17% | 0.00% | 0.05% | 1.00% |
| ▁▁▃▄▅▅▇█ | Tang. Book Value ($M) | $106 | $106 | $111 | $112 | $113 | $114 | $118 | $121 |
| ▁▁▁▅▅▆██ | Gross Loans ($M) | $669 | $678 | $678 | $738 | $741 | $763 | $783 | $799 |
| ▄▁▃▃▅▇██ | Total Deposits ($M) | $901 | $825 | $888 | $894 | $940 | $984 | $1,011 | $1,014 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 30% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 9% |