Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.00% | +0.40 | 0.59% |
| Return on Equity (%) | ▲ | 9.74% | +3.67 | 6.07% |
| Net Interest Margin (%) | ▲ | 3.45% | +0.26 | 3.19% |
| Efficiency Ratio (%) | ▲ | 67.82% | -10.12 | 77.94% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.94 | $1 |
| Cost of Funds (%) | ▲ | 1.28% | -0.21 | 1.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $584 | +26.90 | $557 |
| Gross Loans ($M) | ▲ | $352 | +0.63 | $351 |
| Loan Growth YoY (%) | ▼ | 67.80% | -2.91 | 70.72% |
| Total Deposits ($M) | ▲ | $513 | +21.98 | $491 |
| Shareholders Equity ($M) | ▲ | $60 | +4.77 | $55 |
| Tang. Book Value ($M) | ▲ | $48 | +4.93 | $43 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +4.30 | $50 |
| Loan / Deposit Ratio (%) | ▼ | 67.80% | -2.91 | 70.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.05% | +0.04 | 0.01% |
| Allowance / Loans (%) | — | 1.23% | 0.01% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.08% | +0.08 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▆▇▇██ | Net Interest Margin (%) | 2.70% | 2.78% | 3.03% | 3.19% | 3.28% | 3.33% | 3.37% | 3.45% |
| ▁▁▃▄▅▆▆█ | Return on Assets (%) | 0.32% | 0.40% | 0.51% | 0.59% | 0.70% | 0.76% | 0.81% | 1.00% |
| ██▆▅▃▃▂▁ | Efficiency Ratio (%) | 86.9% | 84.8% | 81.0% | 77.9% | 74.5% | 73.2% | 72.1% | 67.8% |
| ██▄▆▃▄▁▂ | Cost of Funds (%) | 1.55% | 1.58% | 1.37% | 1.49% | 1.32% | 1.36% | 1.22% | 1.28% |
| ▅▅█▁▁▁▆▆ | NPA / Assets (%) | 0.04% | 0.04% | 0.07% | 0.01% | 0.01% | 0.01% | 0.05% | 0.05% |
| ▄▅█▁▁▁██ | Net Charge-Off Ratio (%) | 0.04% | 0.05% | 0.09% | 0.00% | 0.01% | 0.01% | 0.08% | 0.08% |
| ▁▁▂▃▅▇▇█ | Tang. Book Value ($M) | $41 | $41 | $42 | $43 | $45 | $47 | $47 | $48 |
| ▃▃▁▆█▆▄▆ | Gross Loans ($M) | $344 | $342 | $336 | $351 | $358 | $352 | $345 | $352 |
| ▁▄▁▄▄█▅█ | Total Deposits ($M) | $476 | $491 | $478 | $491 | $493 | $515 | $500 | $513 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 6% |