Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.42% | +0.68 | 0.74% |
| Return on Equity (%) | ▲ | 17.92% | +7.12 | 10.80% |
| Net Interest Margin (%) | ▲ | 2.78% | +0.56 | 2.22% |
| Efficiency Ratio (%) | ▲ | 52.16% | -15.64 | 67.80% |
| Pre-Provision Profit ($M) | ▲ | $4 | +1.06 | $3 |
| Cost of Funds (%) | ▲ | 2.04% | -0.13 | 2.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,079 | +99.19 | $979 |
| Gross Loans ($M) | ▲ | $549 | +118.35 | $430 |
| Loan Growth YoY (%) | ▲ | 64.55% | +13.01 | 51.54% |
| Total Deposits ($M) | ▲ | $844 | +15.77 | $829 |
| Shareholders Equity ($M) | ▲ | $87 | +22.00 | $65 |
| Tang. Book Value ($M) | ▲ | $86 | +22.02 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $111 | +22.72 | $88 |
| Loan / Deposit Ratio (%) | ▲ | 64.55% | +13.01 | 51.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.19% | -0.20 | 1.39% |
| Allowance / Loans (%) | — | 0.65% | -0.09% | 0.74% |
| Net Charge-Off Ratio (%) | ▲ | 1.99% | -0.76 | 2.75% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▁▄▅▆██ | Net Interest Margin (%) | 2.36% | 2.37% | 1.83% | 2.22% | 2.38% | 2.53% | 2.79% | 2.78% |
| ▃▄▁▃▅▅▇█ | Return on Assets (%) | 0.73% | 0.84% | 0.35% | 0.74% | 0.91% | 1.00% | 1.16% | 1.42% |
| ▅▄█▅▄▂▁▁ | Efficiency Ratio (%) | 67.0% | 64.6% | 81.3% | 67.8% | 63.5% | 59.0% | 53.4% | 52.2% |
| ███▄▃▃▁▁ | Cost of Funds (%) | 2.41% | 2.40% | 2.44% | 2.17% | 2.15% | 2.12% | 2.00% | 2.04% |
| ▆▇█▇▅▅▃▁ | NPA / Assets (%) | 1.37% | 1.40% | 1.44% | 1.39% | 1.32% | 1.32% | 1.28% | 1.19% |
| ████▆▅▃▁ | Net Charge-Off Ratio (%) | 2.72% | 2.75% | 2.83% | 2.75% | 2.60% | 2.47% | 2.28% | 1.99% |
| ▃▁▁▁▄▇▅█ | Tang. Book Value ($M) | $70 | $65 | $65 | $64 | $75 | $82 | $77 | $86 |
| ▁▁▁▂▂▄▆█ | Gross Loans ($M) | $410 | $415 | $410 | $430 | $443 | $467 | $498 | $549 |
| ▁▂▂▆▇█▇█ | Total Deposits ($M) | $790 | $804 | $801 | $829 | $839 | $849 | $836 | $844 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 23% |
| Consumer | 5% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 15% |