Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.07% | -0.04 | 1.11% |
| Return on Equity (%) | ▼ | 10.13% | -1.91 | 12.04% |
| Net Interest Margin (%) | ▲ | 3.20% | +0.22 | 2.98% |
| Efficiency Ratio (%) | ▼ | 65.02% | +1.95 | 63.07% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.13 | $1 |
| Cost of Funds (%) | ▲ | 1.22% | -0.07 | 1.29% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $307 | -15.92 | $323 |
| Gross Loans ($M) | ▲ | $153 | +2.60 | $151 |
| Loan Growth YoY (%) | ▲ | 56.92% | +4.73 | 52.19% |
| Total Deposits ($M) | ▼ | $266 | -19.08 | $285 |
| Shareholders Equity ($M) | ▲ | $34 | +3.82 | $30 |
| Tang. Book Value ($M) | ▲ | $34 | +3.82 | $30 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +3.34 | $36 |
| Loan / Deposit Ratio (%) | ▲ | 56.92% | +4.73 | 52.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.01 | 0.09% |
| Allowance / Loans (%) | — | 1.28% | -0.04% | 1.32% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.03 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.25% | +1.27 | 17.97% |
Noninterest income ($0.75M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▆▇█ | Net Interest Margin (%) | 2.79% | 2.83% | 2.88% | 2.98% | 3.06% | 3.08% | 3.11% | 3.20% |
| ▁▂█▇██▃▆ | Return on Assets (%) | 0.83% | 0.89% | 1.17% | 1.11% | 1.15% | 1.17% | 0.94% | 1.07% |
| █▇▁▂▁▁█▄ | Efficiency Ratio (%) | 69.1% | 67.6% | 62.1% | 63.1% | 62.3% | 61.5% | 68.7% | 65.0% |
| ██▅▂▂▃▁▁ | Cost of Funds (%) | 1.62% | 1.59% | 1.45% | 1.29% | 1.30% | 1.32% | 1.20% | 1.22% |
| █▂▂▁▁▁▁▁ | NPA / Assets (%) | 0.82% | 0.19% | 0.24% | 0.09% | 0.09% | 0.08% | 0.09% | 0.09% |
| █▂▂▁▁▁▁▁ | Net Charge-Off Ratio (%) | 1.66% | 0.39% | 0.52% | 0.20% | 0.20% | 0.16% | 0.19% | 0.17% |
| ▄▄▁▂▅▇██ | Tang. Book Value ($M) | $31 | $31 | $29 | $30 | $32 | $33 | $33 | $34 |
| █▅▂▂▁▁▁▄ | Gross Loans ($M) | $161 | $155 | $151 | $151 | $149 | $149 | $149 | $153 |
| █▇█▇█▅▅▁ | Total Deposits ($M) | $286 | $284 | $289 | $285 | $289 | $278 | $279 | $266 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 23% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 4% |