Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.51% | +0.58 | 0.93% |
| Return on Equity (%) | ▲ | 19.43% | +5.20 | 14.23% |
| Net Interest Margin (%) | ▲ | 4.01% | +0.27 | 3.74% |
| Efficiency Ratio (%) | ▼ | 68.59% | +2.54 | 66.05% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.35 | $1 |
| Cost of Funds (%) | ▲ | 1.61% | -0.05 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $370 | -16.50 | $387 |
| Gross Loans ($M) | ▲ | $279 | +22.09 | $257 |
| Loan Growth YoY (%) | ▲ | 81.97% | +11.30 | 70.67% |
| Total Deposits ($M) | ▼ | $336 | -22.51 | $359 |
| Shareholders Equity ($M) | ▲ | $29 | +4.89 | $24 |
| Tang. Book Value ($M) | ▲ | $29 | +4.89 | $24 |
| TBV excl. AOCI ($M)** | ▲ | $31 | +5.06 | $26 |
| Loan / Deposit Ratio (%) | ▲ | 81.97% | +11.30 | 70.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.14% | -0.10% | 1.24% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.87% | +1.08 | 11.80% |
Noninterest income ($1.15M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅▆▆▇▆█ | Net Interest Margin (%) | 3.06% | 3.18% | 3.57% | 3.74% | 3.76% | 3.80% | 3.74% | 4.01% |
| ▁▁▄▂▄▅██ | Return on Assets (%) | 0.83% | 0.91% | 1.11% | 0.93% | 1.12% | 1.20% | 1.50% | 1.51% |
| █▆▃▁▂▄▆▅ | Efficiency Ratio (%) | 70.7% | 69.4% | 67.4% | 66.1% | 66.9% | 68.2% | 69.3% | 68.6% |
| █▇▄▁▃▁▁▁ | Cost of Funds (%) | 2.39% | 2.28% | 1.96% | 1.66% | 1.81% | 1.62% | 1.64% | 1.61% |
| ▃▆█▁▁▁▁▁ | NPA / Assets (%) | 0.32% | 0.64% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▃▆█▁▁▁▁▁ | Net Charge-Off Ratio (%) | 0.39% | 0.83% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▂▁▂▂▅▇██ | Tang. Book Value ($M) | $24 | $23 | $24 | $24 | $26 | $27 | $28 | $29 |
| ▅▄▃▃▁▁▃█ | Gross Loans ($M) | $266 | $261 | $257 | $257 | $248 | $246 | $257 | $279 |
| ▁▄▄█▅▅▅▆ | Total Deposits ($M) | $281 | $313 | $318 | $359 | $323 | $327 | $326 | $336 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 28% |