Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.64% | -0.41 | 2.05% |
| Return on Equity (%) | ▼ | 11.06% | -4.90 | 15.96% |
| Net Interest Margin (%) | ▼ | 4.74% | -0.09 | 4.83% |
| Efficiency Ratio (%) | ▼ | 61.96% | +7.34 | 54.62% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.07 | $2 |
| Cost of Funds (%) | ▲ | -0.03% | -0.20 | 0.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $832 | +135.45 | $696 |
| Gross Loans ($M) | ▲ | $141 | +46.82 | $94 |
| Loan Growth YoY (%) | ▲ | 20.26% | +4.59 | 15.67% |
| Total Deposits ($M) | ▲ | $693 | +94.91 | $598 |
| Shareholders Equity ($M) | ▲ | $135 | +41.01 | $94 |
| Tang. Book Value ($M) | ▲ | $134 | +41.18 | $93 |
| TBV excl. AOCI ($M)** | ▲ | $160 | +45.83 | $114 |
| Loan / Deposit Ratio (%) | ▲ | 20.26% | +4.59 | 15.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 0.42% | -0.07% | 0.49% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▆▂▁▁▄▂ | Net Interest Margin (%) | 8.11% | 6.59% | 6.70% | 4.83% | 4.20% | 3.77% | 5.43% | 4.74% |
| ▅▃█▃▂▁▃▁ | Return on Assets (%) | 2.44% | 1.97% | 3.14% | 2.05% | 1.78% | 1.53% | 2.07% | 1.64% |
| ▁▃▁▅▆█▆█ | Efficiency Ratio (%) | 47.4% | 51.5% | 46.3% | 54.6% | 57.7% | 60.7% | 56.2% | 62.0% |
| █▅▇▅▄▄▅▁ | Cost of Funds (%) | 0.35% | 0.20% | 0.27% | 0.17% | 0.15% | 0.12% | 0.19% | -0.03% |
| ▆█▆▁▁▁▁▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄█▆▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.03% | 0.06% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▂▂▇███ | Tang. Book Value ($M) | $83 | $83 | $90 | $93 | $127 | $130 | $132 | $134 |
| ▁▁▁▂▃█▅▄ | Gross Loans ($M) | $47 | $56 | $59 | $94 | $116 | $263 | $167 | $141 |
| ▁▅▅▅▅█▆▆ | Total Deposits ($M) | $324 | $595 | $590 | $598 | $608 | $846 | $699 | $693 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 7% |
| C&I / Commercial | 40% |
| Consumer | 52% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 74% |
| Interest-Bearing (core) | 26% |