Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.54% | +0.12 | 2.42% |
| Return on Equity (%) | ▲ | 21.57% | +0.53 | 21.04% |
| Net Interest Margin (%) | ▲ | 4.50% | +0.04 | 4.46% |
| Efficiency Ratio (%) | ▲ | 48.72% | -1.81 | 50.53% |
| Pre-Provision Profit ($M) | ▲ | $6 | +0.59 | $5 |
| Cost of Funds (%) | ▲ | 1.70% | -0.00 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $864 | +64.55 | $800 |
| Gross Loans ($M) | ▲ | $646 | +60.82 | $585 |
| Loan Growth YoY (%) | ▲ | 84.08% | +2.01 | 82.08% |
| Total Deposits ($M) | ▲ | $756 | +54.98 | $701 |
| Shareholders Equity ($M) | ▲ | $103 | +8.99 | $94 |
| Tang. Book Value ($M) | ▲ | $101 | +9.01 | $92 |
| TBV excl. AOCI ($M)** | ▲ | $104 | +7.82 | $96 |
| Loan / Deposit Ratio (%) | ▲ | 84.08% | +2.01 | 82.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.18% | +0.09 | 0.09% |
| Allowance / Loans (%) | — | 1.54% | -0.07% | 1.61% |
| Net Charge-Off Ratio (%) | ▼ | 0.23% | +0.11 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.13% | -0.33 | 18.46% |
Noninterest income ($1.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▂▆██▅▇ | Net Interest Margin (%) | 4.26% | 4.38% | 4.32% | 4.46% | 4.53% | 4.57% | 4.44% | 4.50% |
| ▁▂▂▅▇▇▇█ | Return on Assets (%) | 2.29% | 2.33% | 2.32% | 2.42% | 2.49% | 2.50% | 2.51% | 2.54% |
| ▇██▆▃▃▁▁ | Efficiency Ratio (%) | 50.6% | 50.9% | 51.2% | 50.5% | 49.6% | 49.4% | 48.8% | 48.7% |
| ▁█▇▄▃▄▆▄ | Cost of Funds (%) | 1.65% | 1.77% | 1.75% | 1.70% | 1.69% | 1.71% | 1.74% | 1.70% |
| ▂▂▁▂▂▂▇█ | NPA / Assets (%) | 0.08% | 0.08% | 0.06% | 0.09% | 0.07% | 0.08% | 0.15% | 0.18% |
| ▁▁▁▃▂▃▇█ | Net Charge-Off Ratio (%) | 0.07% | 0.07% | 0.08% | 0.12% | 0.10% | 0.11% | 0.20% | 0.23% |
| ▁▁▃▄▆▅▇█ | Tang. Book Value ($M) | $85 | $84 | $89 | $92 | $96 | $94 | $99 | $101 |
| ▁▁▂▃▅▆▇█ | Gross Loans ($M) | $553 | $557 | $574 | $585 | $600 | $616 | $623 | $646 |
| ▂▂▁▃▅▇▆█ | Total Deposits ($M) | $693 | $698 | $681 | $701 | $724 | $746 | $735 | $756 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 8% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 11% |