Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.95% | +0.25 | 1.69% |
| Return on Equity (%) | ▲ | 19.31% | +3.89 | 15.42% |
| Net Interest Margin (%) | ▲ | 4.52% | +0.34 | 4.17% |
| Efficiency Ratio (%) | ▲ | 47.15% | -0.40 | 47.55% |
| Pre-Provision Profit ($M) | ▲ | $9 | +2.94 | $6 |
| Cost of Funds (%) | ▲ | 1.95% | -0.19 | 2.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,387 | +387.62 | $999 |
| Gross Loans ($M) | ▲ | $1,201 | +417.54 | $784 |
| Loan Growth YoY (%) | ▲ | 97.86% | +9.84 | 88.02% |
| Total Deposits ($M) | ▲ | $1,217 | +336.59 | $880 |
| Shareholders Equity ($M) | ▲ | $133 | +22.00 | $111 |
| Tang. Book Value ($M) | ▲ | $133 | +22.00 | $111 |
| TBV excl. AOCI ($M)** | ▲ | $134 | +22.21 | $112 |
| Loan / Deposit Ratio (%) | ▲ | 97.86% | +9.84 | 88.02% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.16% | -0.17 | 0.32% |
| Allowance / Loans (%) | — | 0.91% | -0.28% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.23 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▄▅██ | Net Interest Margin (%) | 3.92% | 3.98% | 4.07% | 4.17% | 4.22% | 4.29% | 4.56% | 4.52% |
| ▁▁▅▄▄▅▄█ | Return on Assets (%) | 1.54% | 1.56% | 1.77% | 1.69% | 1.72% | 1.75% | 1.70% | 1.95% |
| ▁▁▄▃▃▃█▂ | Efficiency Ratio (%) | 46.7% | 46.4% | 48.1% | 47.6% | 47.3% | 47.5% | 49.8% | 47.1% |
| ██▄▂▁▁▁▁ | Cost of Funds (%) | 2.70% | 2.75% | 2.28% | 2.14% | 1.95% | 2.00% | 1.97% | 1.95% |
| ▁██▃▃▂▁▁ | NPA / Assets (%) | 0.23% | 0.81% | 0.77% | 0.32% | 0.33% | 0.31% | 0.17% | 0.16% |
| ▂██▃▂▂▁▁ | Net Charge-Off Ratio (%) | 0.28% | 0.94% | 0.94% | 0.41% | 0.37% | 0.30% | 0.20% | 0.18% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $92 | $101 | $107 | $111 | $116 | $121 | $126 | $133 |
| ▁▁▁▁▁▄▆█ | Gross Loans ($M) | $777 | $804 | $800 | $784 | $813 | $958 | $1,090 | $1,201 |
| ▁▁▂▂▄▃▆█ | Total Deposits ($M) | $807 | $774 | $854 | $880 | $961 | $933 | $1,094 | $1,217 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 22% |