Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.26% | +0.77 | 0.49% |
| Return on Equity (%) | ▲ | 10.39% | +6.09 | 4.30% |
| Net Interest Margin (%) | ▲ | 3.82% | +0.43 | 3.38% |
| Efficiency Ratio (%) | ▲ | 79.10% | -10.87 | 89.97% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.59 | $1 |
| Cost of Funds (%) | ▲ | 1.84% | -0.21 | 2.05% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $257 | +65.13 | $192 |
| Gross Loans ($M) | ▲ | $170 | +45.83 | $124 |
| Loan Growth YoY (%) | ▼ | 76.65% | -0.58 | 77.22% |
| Total Deposits ($M) | ▲ | $219 | +60.60 | $159 |
| Shareholders Equity ($M) | ▲ | $29 | +2.59 | $26 |
| Tang. Book Value ($M) | ▲ | $29 | +2.64 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +2.52 | $27 |
| Loan / Deposit Ratio (%) | ▼ | 76.65% | -0.58 | 77.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.08% | -0.16% | 1.24% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▆█▇ | Net Interest Margin (%) | 3.09% | 3.14% | 3.16% | 3.38% | 3.54% | 3.67% | 3.95% | 3.82% |
| ▁▁▂▂▄▅██ | Return on Assets (%) | 0.23% | 0.28% | 0.38% | 0.49% | 0.67% | 0.82% | 1.30% | 1.26% |
| ███▆▅▄▁▁ | Efficiency Ratio (%) | 94.0% | 93.1% | 92.2% | 90.0% | 88.1% | 86.2% | 78.7% | 79.1% |
| ██▄▄▃▁▁▁ | Cost of Funds (%) | 2.32% | 2.34% | 2.02% | 2.05% | 1.98% | 1.79% | 1.80% | 1.84% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▇▇▇██ | Tang. Book Value ($M) | $18 | $18 | $18 | $26 | $26 | $27 | $28 | $29 |
| ▁▁▂▄▆▇██ | Gross Loans ($M) | $91 | $100 | $108 | $124 | $140 | $158 | $161 | $170 |
| ▁▁▂▂▂▄▅█ | Total Deposits ($M) | $147 | $141 | $160 | $159 | $158 | $173 | $185 | $219 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 8% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 1% |