Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 3.43% | -0.44 | 3.87% |
| Return on Equity (%) | ▼ | 36.88% | -4.30 | 41.18% |
| Net Interest Margin (%) | ▲ | 3.79% | +0.04 | 3.76% |
| Efficiency Ratio (%) | ▲ | 38.22% | -0.01 | 38.23% |
| Pre-Provision Profit ($M) | ▲ | $7 | +0.17 | $7 |
| Cost of Funds (%) | ▲ | 0.78% | -0.26 | 1.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $735 | +83.17 | $652 |
| Gross Loans ($M) | ▲ | $381 | +0.94 | $380 |
| Loan Growth YoY (%) | ▼ | 62.37% | -6.45 | 68.83% |
| Total Deposits ($M) | ▲ | $601 | +57.84 | $543 |
| Shareholders Equity ($M) | ▲ | $69 | +1.16 | $68 |
| Tang. Book Value ($M) | ▲ | $68 | +0.58 | $68 |
| TBV excl. AOCI ($M)** | ▼ | $76 | -1.67 | $78 |
| Loan / Deposit Ratio (%) | ▼ | 62.37% | -6.45 | 68.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.69% | -0.99 | 1.67% |
| Allowance / Loans (%) | — | 1.73% | -0.03% | 1.76% |
| Net Charge-Off Ratio (%) | ▲ | 1.33% | -1.54 | 2.87% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($4.80M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▂▁▄▂▄█▅ | Net Interest Margin (%) | 3.73% | 3.71% | 3.66% | 3.76% | 3.71% | 3.77% | 3.89% | 3.79% |
| ▅▅██▇▄█▁ | Return on Assets (%) | 3.72% | 3.70% | 3.85% | 3.87% | 3.82% | 3.65% | 3.90% | 3.43% |
| ▇█▂▃▄▃▁▃ | Efficiency Ratio (%) | 39.2% | 39.5% | 38.1% | 38.2% | 38.4% | 38.3% | 37.7% | 38.2% |
| █▅▄▄▃▂▁▁ | Cost of Funds (%) | 1.35% | 1.11% | 1.03% | 1.04% | 0.97% | 0.88% | 0.80% | 0.78% |
| ▁▁▁█▇▆▆▄ | NPA / Assets (%) | 0.03% | 0.03% | 0.02% | 1.67% | 1.45% | 1.22% | 1.07% | 0.69% |
| ▁▁▁██▆▆▄ | Net Charge-Off Ratio (%) | 0.05% | 0.05% | 0.04% | 2.87% | 2.63% | 2.01% | 1.93% | 1.33% |
| ▇▁▅▆█▂▆▇ | Tang. Book Value ($M) | $69 | $56 | $64 | $68 | $72 | $60 | $66 | $68 |
| ▂▁▄▅██▇▅ | Gross Loans ($M) | $360 | $352 | $374 | $380 | $400 | $400 | $393 | $381 |
| ▁▂▁▁▆▄▅█ | Total Deposits ($M) | $550 | $556 | $546 | $543 | $579 | $571 | $574 | $601 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 9% |
| Consumer | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 80% |