Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.83% | -0.01 | 0.84% |
| Return on Equity (%) | ▼ | 10.12% | -0.66 | 10.78% |
| Net Interest Margin (%) | ▼ | 3.60% | -0.16 | 3.77% |
| Efficiency Ratio (%) | ▲ | 72.55% | -0.92 | 73.47% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.20 | $1 |
| Cost of Funds (%) | ▲ | 2.09% | -0.12 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $563 | +50.52 | $512 |
| Gross Loans ($M) | ▲ | $375 | +5.83 | $369 |
| Loan Growth YoY (%) | ▼ | 79.67% | -6.67 | 86.33% |
| Total Deposits ($M) | ▲ | $466 | +43.04 | $423 |
| Shareholders Equity ($M) | ▲ | $47 | +6.68 | $40 |
| Tang. Book Value ($M) | ▲ | $45 | +6.79 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $52 | +9.62 | $43 |
| Loan / Deposit Ratio (%) | ▼ | 79.67% | -6.67 | 86.33% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.59% | +0.30 | 0.29% |
| Allowance / Loans (%) | — | 0.86% | -0.08% | 0.94% |
| Net Charge-Off Ratio (%) | ▼ | 0.61% | +0.49 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.79% | -0.29 | 12.08% |
Noninterest income ($0.85M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▇███▁▃ | Net Interest Margin (%) | 3.52% | 3.56% | 3.72% | 3.77% | 3.76% | 3.74% | 3.53% | 3.60% |
| ▂▁█▇▆▆▅▇ | Return on Assets (%) | 0.77% | 0.76% | 0.85% | 0.84% | 0.83% | 0.82% | 0.81% | 0.83% |
| ▁▂█▇█▇▅▄ | Efficiency Ratio (%) | 71.6% | 72.1% | 73.5% | 73.5% | 73.7% | 73.3% | 72.8% | 72.5% |
| ▆█▄▅▄▄▁▁ | Cost of Funds (%) | 2.23% | 2.31% | 2.18% | 2.20% | 2.18% | 2.19% | 2.11% | 2.09% |
| ▃▁▁▄████ | NPA / Assets (%) | 0.23% | 0.03% | 0.09% | 0.29% | 0.62% | 0.59% | 0.64% | 0.59% |
| ▄▁▂▂█▇██ | Net Charge-Off Ratio (%) | 0.32% | 0.03% | 0.11% | 0.13% | 0.60% | 0.56% | 0.68% | 0.61% |
| ▂▁▂▂▅▇▆█ | Tang. Book Value ($M) | $38 | $37 | $38 | $39 | $41 | $44 | $43 | $45 |
| ▁▂▆▄▅█▆▆ | Gross Loans ($M) | $358 | $364 | $374 | $369 | $373 | $383 | $374 | $375 |
| ▁▁▂▃▅▆█▇ | Total Deposits ($M) | $401 | $407 | $420 | $423 | $445 | $460 | $480 | $466 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 7% |
| Consumer | 3% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 15% |