Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.50 | 0.97% |
| Return on Equity (%) | ▲ | 14.09% | +3.09 | 11.00% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.61 | 3.40% |
| Efficiency Ratio (%) | ▲ | 59.21% | -8.79 | 68.00% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.14 | $2 |
| Cost of Funds (%) | ▲ | 1.33% | -0.15 | 1.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $604 | +28.94 | $575 |
| Gross Loans ($M) | ▲ | $378 | +17.03 | $361 |
| Loan Growth YoY (%) | ▲ | 71.43% | +2.12 | 69.31% |
| Total Deposits ($M) | ▲ | $521 | +8.47 | $513 |
| Shareholders Equity ($M) | ▲ | $66 | +7.69 | $58 |
| Tang. Book Value ($M) | ▲ | $59 | +8.13 | $51 |
| TBV excl. AOCI ($M)** | ▲ | $68 | +8.48 | $60 |
| Loan / Deposit Ratio (%) | ▲ | 71.43% | +2.12 | 69.31% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.02% | -0.04 | 0.06% |
| Allowance / Loans (%) | — | 1.34% | -0.03% | 1.38% |
| Net Charge-Off Ratio (%) | ▲ | 0.03% | -0.06 | 0.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.85% | +1.04 | 14.81% |
Noninterest income ($1.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▅▅▆██ | Net Interest Margin (%) | 2.77% | 2.86% | 3.22% | 3.40% | 3.52% | 3.63% | 3.89% | 4.01% |
| ▁▁▃▃▄▆▇█ | Return on Assets (%) | 0.71% | 0.72% | 0.94% | 0.97% | 1.05% | 1.19% | 1.33% | 1.47% |
| ██▅▅▄▃▁▁ | Efficiency Ratio (%) | 73.1% | 74.3% | 68.2% | 68.0% | 66.2% | 63.1% | 60.6% | 59.2% |
| ██▃▃▂▂▁▁ | Cost of Funds (%) | 1.82% | 1.82% | 1.49% | 1.49% | 1.44% | 1.45% | 1.35% | 1.33% |
| ▅▇██▂▂▁▁ | NPA / Assets (%) | 0.04% | 0.05% | 0.06% | 0.06% | 0.03% | 0.02% | 0.02% | 0.02% |
| ▆▇█▇▂▂▁▁ | Net Charge-Off Ratio (%) | 0.08% | 0.09% | 0.10% | 0.09% | 0.05% | 0.04% | 0.03% | 0.03% |
| ▁▁▂▅▆▇██ | Tang. Book Value ($M) | $40 | $41 | $42 | $51 | $54 | $56 | $57 | $59 |
| ▁▁▂▄▆▇█▇ | Gross Loans ($M) | $345 | $344 | $351 | $361 | $370 | $377 | $383 | $378 |
| ▄▁▄▁█▄▅▂ | Total Deposits ($M) | $535 | $513 | $531 | $513 | $557 | $534 | $539 | $521 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 3% |